IoT and Blockchain in Indian Perspective
Internet of things (IoT) is a collection of smart equipment that creates a smart world. It has not just changed the way we interact with important devices but has also enhanced the potential of these devices. A major limitation of IoT is that it relies on centralized communication models. Traditional IoT solutions require high infrastructure and maintenance costs, which result in scalability problems. Moreover, the vulnerability of cloud servers and their failure can affect the IoT system. There is still no one platform that connects all devices. The peer-to-peer communication model instead of the standard server/client one can be the sustainable solution the IoT industry is looking for. The major challenge with the peer-to-peer networks is security. This is where the use of blockchain in IoT can help the IoT industry scale up in a sustainable way. Indeed, blockchain and IoT together can handle a portion of IoT's greatest difficulties. The main objective of this chapter is to provide an overview of IoT and Blockchain in Indian perspectives.