Some regulators are still suspicious about the prospect of blockchain IoT technology because the overall technology cannot be controlled. Only its technological use cases, such as; smart contracts, payments, and digital identity, can be regulated.
Other issues that pose concern are privacy, security, and control of blockchain transactions.
Blockchains technology possesses the possibility of transforming and usa mobile number revolutionizing transactions, but companies have to overcome some privacy, security, and handling challenges to enjoy these benefits.
Opportunities
Blockchain has immense potential in various application fields, such as; cybersecurity, banking, IoT, and AI.
The extensive use of IoT devices can be observed in various applications, such as; smart transportation, innovative city projects, smart grids, vehicular connectivity, autonomous vehicles, and smart homes.
IoT devices are quickly growing at a significant scale, and many businesses are innovating new technology that integrates IoT devices.
Trendy pioneers are creating blockchain solutions to produce a decentralized networ