IoT Will Harness The Potential of Cloud, Edge Computing, and Blockchain
Thu, April 22, 2021

IoT Will Harness The Potential of Cloud, Edge Computing, and Blockchain

IoT proliferation will involve a myriad of technologies / Photo Credit: jamesteohart (via Shutterstock)

 

Joseph Denne of technology news magazine Gigabit states that there are staggering predictions with regard to the proliferation of data. Further, the world’s population will continue to swell and more people in developing economies are owning more and more mobile devices. Developing economies are also witnessing the growth of smart devices, which will accelerate more as cities become even “smarter.” 

By 2022, 29bn connected devices are expected to be in operation, while over 75bn IoT devices are projected to be in operation by 2025 worldwide. Blockchains existed way before Bitcoin was conceived, but the latter has brought blockchains to the mainstream. Because blockchain can encrypt and avoid double-counting, industries are implementing it to store, manage, access, and store data in a streamlined manner. It’s no surprise that it’s a natural fit for edge computing. 

Edge computing enables fast, secure, and scalable computing. Centralized cloud systems will remain relevant and important as more smart devices are coming online and the number of data generated increases. However, centralized cloud systems suffer from data protection, security, and performance issues. Edge networks are decentralized clouds, processing data at the edge and minimizing the number of “hops” that data has to take in order to be validated by clouds or centralized data centers.

In automated systems and robotics, edge networks enable them to be “more responsive and perform better.” Edge computing can slash IT infrastructure costs since data doesn’t need to travel as far. It doesn’t require much hardware too, which will be beneficial to the environment. In the future, websites will be “built using software solutions that are hosted on edge networks,” which is less expensive than traditional cloud-based services.  

Modern and smart technologies will help advance smart cities. All over the world, there are cities that utilize sensors to automate tasks such as turning street lights on and off to save electricity. Smart cities and technologies are growing rapidly to the point that the cloud will not be unable to cope at the “speed and computing capacity required.”  Expect billions of connected devices in the future. To Denne, the proliferation of IoT “will be served by a myriad of technologies.”