​​Corporations and businesses have appreciated the prospects of blockchain technology in its application in the IoT sector and are actively conducting research in the domain of security and privacy issues that users are so concerned about. One of the most enthusiastic and promising projects in this domain is the Credits blockchain platform, which has recently developed a product based on the company’s blockchain infrastructure, the IBM cloud system, and IBM Watson.

Providing a proper level of security is one of the most difficult tasks for companies seeking to get involved in the IoT sector. But the combination of IoT and blockchain has emerged as an effective solution to the issue alongside the integration of a host of accompanying technologies aimed at facilitating the process of integration and increasing processing speeds.

The IBM Watson infrastructure, IBM cloud system and the Credits blockchain platform have merged as a potential solution. The prototype of the system has proven that it boasts the necessary processing speeds and the storage capacities needed to handle the immense amount of transactions involved in IoT.

«I see a lot of potential in implementing projects based on the Credits platform. A project with IBM, a leader in software, cloud technologies, and services, is a rethinking of how modern business practices work. The solution complements IoT and makes it more flawless. As a result, we get maximum value to enterprise clients, leveraging the strengths of all partners to solve complex business issues», - said Jennifer Trelewicz, former IBM Director & present CBO at Credits.

The industries that can benefit from a merger of IoT and blockchain touch on every aspect of our lives, as the requirement for data security and verification is only growing. The combination of blockchain and IoT technologies, such as the one involved in the solution offered by Credits and IBM, can help solve the problems faced by current healthcare and supply chain companies. It will take time, of course, but the arrival of a universal and wholesome solution that can spread to other industries is an inevitable development that the blockchain is headed for.

Read more - https://www.newsbtc.com/2019/10/24/ibm-and-credits-to-make-iot-data-secure/