- Today most advanced blockchain projects can process top 10,000 transactions per second and are not sufficient.
- For example in the IoT industry alone, the network has to connect with billion devices and continuous communications between these devices would require the network to process millions of transactions in a single sec.
- Media painted a bright future for decentralized applications for the public, But in reality, Blockchain technology is still in its infant stage and requires much broader research.
- Harmony blockchain platform can help to decentralize and secure IoT data which eliminates the concern of IoT data being centrally stored in the cloud and potentially being leaked.
Read full article: medium.com