Bitcoin Is the Fuel We Need for the Industrial Internet of Things

Industrial giant G.E. has announced the new Internet revolution: The Industrial Internet of Things. G.E. promises the Industrial Internet will bring a new wave of digital products, which combines “Machine-to-Machine (M2M) communication, industrial Big Data analytics, technology, cyber security and automation.” The Industrial Internet, if successful, will expand the IoT astronomically. This, in turn, will further exacerbate the already existing IoT challenges related to frictionless payments, security, reliability, resiliency, and stability. This is precisely why Bitcoin and its blockchain technology can play a decisive role.

Also read: Blockchain is the Next Line of Defense for Cyber Security

The Industrial Internet of Things

industrial IoTThe Industrial IoT is coming, bringing an “unprecedented convergence of machines, data, and people, redefining the way we work across industries,” said G.E.

According to G.E.’s definition, “The Industrial Internet is changing the way industries work. By combining Machine-to-Machine (M2M) communication, industrial Big Data analytics, technology, cyber security and automation, it is driving new levels of efficiency and productivity.”

To succeed in the Industrial Internet, G.E. is now entering the struggle for the software layer supremacy against Microsoft, Google, and IBM. As the New York Times puts it, “It is the next battlefield as companies

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