burger menu
IoT powered by Blockchain

IoT powered by Blockchain

    Add to bookmarks

How Blockchains facilitate the application of digital twins in IoT

SUMMARY

This research report on blockchain technology and IoT reveals that blockchain is today's most appropriate and efficient way to create, track and exchange digital twins.

Digital twins are defined in this document as virtual duplicates of physical objects or systems while a pre-existing requirement is the Internet of Things.

Digital twins can benefit from blockchain’s desired features such as audibility, security, and immutability. Digital twins can transmit with the use of blockchain technologies, the whitepaper says, data and value over the internet in a direct way and with high transparency.

An important number of firms offer opportunities to store physical objects on blockchains. The next phase is to connect these digital twins among each other and with third parties. However, a specialized distributed ledger platform that enables the sharing of information between digital twins is needed. This document points out the requirements that these platforms need and offers a few use cases.

OUTLINE

Introduction

Blockchain technology

Digital twins

Enabling blockchain technology

DETAILS

Overview

Researchfinder Rating
4 out of 5 stars
Title
IoT powered by Blockchain
Sub-Title
How Blockchains facilitate the application of digital twins in IoT
Region
Global
Published
Aug. 1, 2018
Publisher
Deloitte
Price
FREE
Language
ENGLISH

Content

Number of Pages
20
Number of Tables
0
Number of Exhibits
7
Topics
blockchain, iot
Tags
blockchain, Deloitte, digital twins, global, internet of the things, iot, logistics, smart cities
Methodology
Not available.
EVALUATION

This is an insightful Deloitte report which explains how blockchain technologies enables the application of digital twins in IoT.

Positives:

  • Good examples
  • Nice layout
  • Good graphics

 

 

Similiar Reports

Smart Mobility

FREE

The 2019 State of IOT Report

FREE

The Internet of Things

FREE