How IoT, AI, and Blockchain will converge and revolutionize business?

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Horst Treiblmaier

Great topic. You might be interested in a paper which we recently published in "Future Internet". In this paper we describe how the combination of IoT and Blockchain might impact supply chain management.

Article Leveraging the Internet of Things and Blockchain Technology ...

Dariusz Prokopowicz

Dear Deger Ayata,

The combination of Internet of Things, Artificial Intelligence, Blockchain technology and other advanced data processing technologies that are part of the technological development trend of the current 4th Technology Industry 4.0 revolution creates additional value added, which is revolutionizing business. The added value that is revolutionizing business results from the new application possibilities of the combined Industry 4.0 technologies in business applications. In this way, the next stage of progress in the field of security of data transfer on the Internet and in securing transactions carried out electronically takes place.

In addition, the combined technologies of Industry 4.0 enable the emergence of new generations of IT equipment, computerized analytical platforms and improvement of risk management processes. In addition, logistics processes are being improved, in the field of supply, production and distribution logistics, which are increasingly transformed into e-logistics solutions thanks to ICT information technologies, the Internet of Things and other technologies. Improved e-logistics solutions are one of the key factors in the dynamic development of e-commerce conducted via the Internet.

Thanks to the Internet of Things, Artificial Intelligence and Blockchain technologies, corporations and financial institutions develop their transaction systems, e-commerce and advisory sales platforms using interactive internet applications of avatars acting as advisors replacing people in the call center service. Internet of Things, Artificial Intelligence and Blockchain technologies are also used in the improvement of analytical processes of large data sets collected in Big Data database systems and improvement of conducting multi-criteria analyzes on Business Intelligence analytical platforms. Improved analytical processes support the processes of management of enterprises as well as financial and public institutions.

Best wishes

Sanjeev Bansal

Blockchain has the potential to revolutionize the accounting and auditing.These will be totally transformed.And in my opinion, best possible accounting and audit practices will enable to depict true and fair information to various stakeholders,apart from the management itself.It will lead to further improvement in other business activities too.

Dinh C. Nguyen

It is a very interesting question. Blockchain with IoT, AI is a very hot topic now. Blockchain can combine with IoT, AI to build industrial applications for business across different scenarios, such as smart healthcare, smart city, smart transportation, and smart industry. Some interesting research directions of the use of blockchain in IoT and IIoT can be found in our very recent survey paper. In this work, the impacts of blockchain on a wide range of industrial applications are reviewed from the latest research results. Then, the benefits of blockchain paradigms in 5G networks are also presented. Specially, we also survey recent blockchain-IoT developments with platforms, services, and research projects around blockchain, cloud computing and IoT technologies. Thanks! Preprint Integration of Blockchain and Cloud of Things: Architecture,...

Sukhpal Singh Gill

Please read recently published our future directions paper:

Transformative Effects of IoT, Blockchain and Artificial Intelligence on Cloud Computing: Evolution, Vision, Trends and Open Challenges

Available Online @ https://iamssgill.files.wordpress.com/2019/10/transformative_effects_survey.pdf

which gives you insights on evolution of cloud computing from 1958, vision, current Trends and open challenges of Cloud Computing and its paradigms (Fog, AI, Blockchain, IoT, Deep Learning, Security, SDN, Big Data, Energy, 5G/6G, Containers, Quantum Computing, Bitcoin currency, Software Engineering, SLA, QoS, AutoScaling, Applications, Data Science, Serverless and Security). Further, a conceptual model for cloud futurology is proposed.