Convergence of Blockchain and Iot

A network of commonplace physical things with electronic parts, such as sensors, processors, and wireless communication modules is referred to as the "Internet of Things" (IoT). They can communicate with one another and various other systems and devices via these components and the internet. It's important to note that the IoT lacks internal security. No organization is in charge of handling the enormous amount of data created by IoT devices since distributed ledger technology, which is a component of blockchain, is decentralized. Decentralization improves privacy and security. By making it extremely difficult for unauthorized users to alter current data record. Blockchain technology is used to safely store IoT data. Secure machine-to-machine transactions are made possible by the IoT and blockchain, boosting security and transparency for all parties involved. IoT devices can interact with private blockchain networks to guarantee the accuracy of transaction records by utilizing the features such as immutability and data encryption. This paper examines the business strategy that can aid in preventing the manipulation of sensitive data.