The IoT market is growing at a rapid pace.
The internet has been the cause of great economic growth across the world. It has eased the provision of information and communication of a mass scale and the benefits of this are obvious in the digital era that engulfs us today. However, as technology has advanced, so has the notion of the internet.
The web is no longer a weave connecting just people; we are not witnessing the evolution of a parallel web for devices (things). The internet of things (IoT) combines smart devices and connects them to a network, making it possible for devices to leverage the same information and communication provisions that people have received from the internet. We’re entering an era where the internet is about to be a resource that is equally valuable for both things and people.
We are also entering an era where the internet for people is evolving due to blockchain advancements. The blockchain makes it possible to connect web interactions with a value; this feature will be equally important for the devices connected over the IoT. Thus, while many projects have focused on blockchain development for people, others have opted for blockchain developments that target the IoT. However, there is an important plateau in all these developments.
Both blockchain and IoT technologies require a labor force with specialized skillsets. There’s a scare volume of labor qualified enough to handle the development of an application that leverages the benefits of the two technologies and this is a major limiting factor in terms of participation.
Major enterprises remain the primary players in the IoT market because they have the resources to round up all the qualified developers. This puts start-ups and new entrepreneurs at a stark disadvantage.
Leveling the Playing Field
One of the key goals of the blockchain revolution has been to provide opportunity on a wide scale—the decentralization of power. A new blockchain project aims to extend this vision towards the IoT sector.
RuffChain is developing a blockchain cored on eased development of IoT applications. While the blockchain sustains all the value transfer, security, and decentralization aspects that all blockchains tout, it makes an important effort to not sacrifice ease of adoption. RuffChain is pinned on the goal of making IoT application development more available.
Rather than making an enterprise solution, as is the case with the vast portion of projects that aim to develop a blockchain for the internet of things, RuffChain aims to be the blockchain for anyone interested in the development of IoT applications. By easily providing necessary SDKs and creating the application development in JavaScript, RuffChain lowers the skillset needed to develop applications for the internet of things.
Enterprises can certainly use RuffChain to create IoT applications that allow them to advance their own value offerings.
However, the standout aspect is that RuffChain evens the playing field and makes sure there’s an equivalent opportunity for the masses. Any young entrepreneur or cash-strapped aspiring start-up can easily acquire the skills needed to leverage the power of RuffChain or find a labor force that can utilize RuffChain.
The future of twined IoT and blockchain developments is ripe and the market is still in a nascent stage. RuffChain can play a crucial role in carving out the future of IoT with a positive mark: making sure opportunity is accessible; making sure every bit of innovation can be captured.
Essential Links
🌐 Website: https://ruffchain.com/
💡 Whitepaper: https://github.com/RuffNotes/RuffChain/blob/master/WhitePaper.md
👨 ANN Thread: https://bitcointalk.org/index.php?topic=4613705.0
💻 Telegram: https://t.me/ruffchain
Connect with me:
https://bitcointalk.org/index.php?action=profile;u=1700741;sa=summary
My Portfolio Tracker 
My 
My 
we already entered in the era of IoT, as we use to automate our home appliances with internet fridge, TV , AC etc....I see IoT have long journey ahead where user get rewarded for sharing their data.
As of now there are the companies like google , who don't reward the user for sharing their data...For example Google Map, Google show real time of traffic on Google Map and make huge money with Google map with the help of advertising.
Google show traffic data by collect data of Google user on that particular location. I think in future user will be get rewarded for its contribution.
That's a good idea.
Perhaps a decentralized version of it can be launched with the aid of IoT technology and users can get rewarded through that.
Seriously the future for internet can only get better and all we need is to wise up and grab them as they come.
So many new technologies are on the way; an exciting future awaits us.
I think it's time for me to go and introduce mine too.
Nicely writtent covers various approaches :-) @hatu
Recently I read about cyber physical systems(CPS) and how it can drive growth with vide application in transport, healthcare, governance etc. And CPS can be integrated with cloud computing and with IOT it will have huge and path breaking application
Would love to follow your future articles :-)
Posted using Partiko Android
Glad you liked the read :)
Technologies like blockchain and IoT are great because they can twine with other software to develop an extremely valuable solution. I'll have to look into CPS a bit more.
@hatu sir,I think it will be boon for not only IT but for developers as well.
It will certainly be a boon for up and coming developers.
This is a wise innovation, we hope the technology grows rapidly!
Ruff has been trailing on its roadmap quite well actually.
Great technical blog post.
Thank you :)
Yup you are right internet is important for ecnomice growth😊
And there's a lot of untapped potential in the internet of things since the vast portion of the growth has been focused on the "internet of humans."
the presence of the internet is an opportunity for those who use blokchain, hopefully it will grow
Not just a hope as it actually is.
blockchain and its new project's is very valuable now a days
Absolutely.
And there's great room for projects targetting IoT and blockchain together.
Blockchain progress is the most important thing for the development of a sedanfic developing internet world
Wait...what??
Blockchain cant grow or exist without the internet. Remember!
I think that's what she meant: blockchain is important for the advancement of the current state of the internet.
Ok maybe that's what she's trying to say.
Congratulations @hatu! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word
STOPCongratulations @hatu! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word
STOP