The story of how blockchain is revolutionizing IoT, by democratizing and expanding low-power wide-area (LPWA) networking and creating incremental opportunities for forward-looking enterprises, has been told already. We know the IoT market has failed so far to live up to the hype (50 billion connected devices by 2020, anyone?), and that new business gains and sustainability impacts have been hard fought and hard won.
And we know that new wireless network models like Helium’s – expanding a crowd-sourced, self-funding global LoRaWAN infrastructure, where data transactions are immutable in blockchain ledgers – might just make the difference. Helium’s self-styled ‘The People’s Network’, is the fastest and largest growing IoT network in the world; in just two years, it has expanded to over 800,000 hotspots in around 52,000 cities in 169 countries.
