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Monetization of IoT Systems by deploying Block chain Technology to perk up financial transactions using edge-based analytics

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  • Rajesh Harikrishna

Abstract

The IoT is generating a fresh era of modernized world, an irrefutable and computable world, where global citizens and all businesses can handle their chattels in efficient well-versed ways. The New form of IoT eco system will bring upgraded hardware, services, protocols and software too. So the Future of IoT in India is giving strong desire of hope which provides the foremost business platform to enrich our knowledge sharing, networking and move towards future. Edge-based analytics is a model which will be deployed by 2018, 50% of IoT data will be stored, processed, analyzed and acted upon at the edge of the network where it is created. In this paper, the upcoming block chain technology how it can be able to monetize with the emerging IoT edge devices analyzed. Then the scope and benefits of edge-based analytics in future of IoT also discussed.

Suggested Citation

  • Rajesh Harikrishna, 2018. "Monetization of IoT Systems by deploying Block chain Technology to perk up financial transactions using edge-based analytics," International Journal of Scientific Research in Computer Science, Engineering and Information Technology, International Journal of Scientific Research in Computer Science, Engineering and Information Technology, vol. 3(3), pages 2067-2073, April.
    • Handle: RePEc:jbh:ijsrcs:v3:y2018:i3:id:hcseit1833770
    Note: Article URL: https://ijsrcseit.com/CSEIT1833770
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