Joe Pindar is CTO and director of product strategy at Gemalto, where he formulates roadmaps and prioritizes development to align the digital security provider with market trends.
In this opinion piece, Pindar argues that while emerging blockchain technologies will gain traction in Internet of Things (IoT) applications, more work is needed to realize opportunities.
If blockchain has yet to reach peak hype, then at the very least, it is gaining traction in terms of investment.
With numerous VCs, startups and major tech companies all having poured significant financial resources into various applications of the technology, the effort they must focus on now is collaboration.
In the simplest terms, blockchain is a distributed database that provides a secure, yet transparent way to make, record and verify any type of transaction. A transaction does not have to be financial; it is simply any type of transfer between two parties that typically requires a third party for authentication and to broker the exchange.