As an experience blockchain development company, Karmsoft helps small to enterprise business to take benefits of decentralized blockchain technology.
Create a smart solutionwith the help of IoT devices to monitor real-time data from anywhere, anytime.
Blockchain is a decentralized ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain. Each block in the chain contains a number of transactions, and every time a new transaction occurs on the blockchain, a record of that transaction is added to every participant’s ledger. Blockchain is a type of DLT (Distributed Ledger Technology) in which transactions are recorded with an immutable cryptographic signature called a hash. By distributing copies of a data across entire network, blockchain makes it very difficult to hack or cheat the system.
Most common use of blockchain technology is as the backbone of cryptocurrencies. When people buy, sell and exchange cryptocurrencies, their transactions are recorded in blockchain.
Apart from crypto, blockchain technology is nowadays used in recording and processing of fiat currency. This will make it faster, more secure and available 24x7 rather than relying on complex baking verification process to approve the transactions.
Smart Contracts are self-executing contracts enacted automatically based on defined conditions. It will help to automate various process for supply chain, exchange platforms and shopping platforms.
Blockchain is also used now to deal with digital assets like NFTs. It becomes very popular nowadays to record and transfer ownership of digital assets like pictures, music and videos.
Internet of Things, refers to physical devices, that are embedded with sensors, processing ability, software, and other technologies, and that connect and exchange data with other devices and systems over the Internet or other communications networks. There's an incredibly broad range of things that fall under IoT: Internet-connected versions of traditional appliances like air-conditioners and light bulbs; gadgets that could only exist in an internet-enabled world like Alexa-style digital assistants; internet-enabled sensors that are transforming factories, healthcare, transportation, distribution centers and farms.
IoT devices are used widely for home automation concept, which includes lightings, camera system, hearing and air conditioning and other security systems. It also helps to save energy by automatic/remotely turned off lights and other electric equipment.
IoT devices are used to regularly collect and monitor the medical data of patient. These data can be analyzed further for research or diagnose the medical condition of patient. It serves Smart Healthcare by enabling remote health monitoring and emergency notification system.
IoT can assist in the integration of communications, control, and information processing across various transportation systems. Dynamic interaction between components of a transport system enables inter- and intra-vehicular communication, smart traffic control, smart parking, electronic toll collection systems, logistics and fleet management, vehicle control, safety and road assistance
Significant numbers of energy-consuming devices started integrating internet connectivity, which can allow them to communicate with utilities not only to balance power generation but also helps optimize the energy consumption. These devices allow for remote control by users, or central management via a cloud-based interface, and enable functions like scheduling.
