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IoT Data Needs Blockchain, Decentralization, Startup Says

AnyLog’s technology would ease the management of IoT data and reduce costs associated with it.

By leveraging blockchain technology and decentralized computing, one IoT startup aims to ease the management of IoT data, with a larger vision of enabling a Google-like interface to search it.

AnyLog’s technology would enable the creation of a marketplace for servicing IoT data, where “data owners” put their IoT data storage and management needs out to bid, so to speak, to a network of “data operators,” who compete to offer SLAs, according to Moshe Shadmon, founder and chief executive officer of AnyLog. Contracts between the parties are stored on a blockchain, so there is no centralized authority.

Read more at IoT World Today >>>

TAGS: Blockchain
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