Blockchain for IoT Market: Unlocking Potential with Secure Integration

The global Blockchain for IoT Market was valued at USD 0.40 billion in 2021 and is predicted to reach
USD 12.32 billion by 2030, expanding at a CAGR of 46.5% from 2022-2030. Blockchain is a circulated record innovation that can integrate with IoT to make machine-to-machine transactions possible. Also, it utilizes a bunch of transactions that are recorded in an information base, confirmed by various sources, and entered in a typical record disseminated across each nod. Moreover, the blockchain's unique data format creates a particular kind of distributed ledger technology (DLT). Furthermore, blockchain stores data in blocks that are linked together and protected by cryptography, unlike traditional databases.