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The Internet of Things (IoT) has become a hot topic of conversation lately. Simply put, IoT can be understood as a concept that connects any device in the real world with an on & off button to the internet. Almost any tangible object can be turned into an IoT device if it can be connected and controlled with the internet. Currently, the most visible manifestation of the rapid development of Internet of Things technology is the number of smart devices such as smart TVs, smart watches, furniture, and so on. Overall, the development of IoT has profoundly impacted the way we live and work.

IoT can be applied to things on a wider scale such as transportation networks for “smart cities”, this can help increase efficiencies such as energy and time use. From this, we will increasingly realize that IoT allows for unlimited opportunities and connections that we can't even fully think about today, but that could happen in the future. However, this progress still has its challenges.

Problems in IoT today

We need to know that the Internet of Things has a strong technical foundation, such as cloud computing, big data storage, and other technologies. Although this central computing model can accumulate powerful computing power, IoT has certain drawbacks in terms of security and flexibility. The problem that many companies will face is the large amount of data that will be produced by various devices. Companies need to find ways to store, track, analyze and understand the vast amounts of data that will be generated.

• High Usage Fee
  IoT has not yet reached full popularity at present so the cost of using it is still very high. Among them, not only do service intermediaries need to extract some of the profits, but the price of basic equipment around the cloud platform is unaffordable for ordinary users, as well as the maintenance costs.

• Bad Internet Trust
  The cost of maintaining trust in IoT systems is increasing year by year. Many IoT system providers have designed multiple platforms that can automatically analyze user information without user consent, and even control user terminal equipment. To facilitate management and monitoring. This includes a violation of user privacy.

• Difficult Equipment Maintenance
  Devices in IoT are relatively complex, and user life cycles are often very long which invisibly increases device maintenance costs. Some devices that have been used by users for a long time may not be able to find the manufacturer again, this complicates things.

• Low Use Value
  A simple IoT system doesn't make a device any more useful. Many developers today rely too much on IoT, bluntly connecting two smart devices. As everyone knows, this is abandoning the basics, losing the meaning of interconnection of all things, and becoming interconnected for the sake of interconnection.

• Data Leak
  Many IoT providers want to sell user data or run ads to make money, which is very unfair. But these ideas are unrealistic, because users who share their information are generally casual users, and enterprise users never do this.

In addition to the five main problems above, the over-optimistic performance of IoT cloud platform devices, low regulation, and lack of long-term business models are also important factors that create problems in IoT development.

INT's Offered Solutions

The traditional IoT model is based on a centralized information center to realize connection and communication across multiple devices. Such revenues, expenses, and cycles have serious problems. That is the root of the problem. However, the advent of blockchain technology is like a savior hand that solves existing problems in the Internet of Things system. The combination of the Internet of Things and blockchain will be an opportunity for us to move forward.

Recently, blockchain technology has been gaining a lot of attention as a solution provider in the IoT ecosystem. Although blockchain technology is more popular in the financial sector, especially in cryptocurrencies where bitcoin is the first blockchain implementation, blockchain technology can also be used as a solution for security and privacy, especially in access control. We can see that the combination of IoT and blockchain at the same time can create new possibilities. Distributed IoT can benefit from a decentralized blockchain.

The combination of blockchain and IoT has vast potential to create a cross-device service marketplace and provide developers with opportunities to create value from the data collected. The increasing number of emerging blockchain protocols, partnerships, and IoT device providers already shows that there is a good fit for blockchain in the IoT sector. One of them is INT

INT became a certified developer on the Blockchain Service Network in May 2020. The Blockchain-based Service Network is a cross-cloud, cross-portal, cross-framework global public infrastructure network used to deploy and operate different types of blockchain applications.

INT's solutions cover the following areas: Internet of Things, Smart Home, Smart City, Supply Chain Finance, Supply Chain Management, 5G, Anti-counterfeiting and Traceability, Charity and Public Welfare, Internet of Vehicles OBD devices, NFT, Decentralized Finance, etc.
Hardware products: a blockchain router, and a driving assistance OBD device Cases include: Information traceability: the smart site project with Hubei Industrial Construction Group
Data storage class: video storage project with government prisons in China
Data traceability: smart education project with regional elementary school

What Makes INT Unique

There are several interesting things about INT, its innovation is supported by planned and functional developments. These are the facts you need to know

• Extremely low development migration costs;
  Wireless data communication networks can automatically collect this information into a central information system. Realize item identification and then exchange and share information over an open network. So as to achieve the ultimate goal of the Internet of Things. Making things not only easier, but also cheaper
• 1500-2000 TPS;
  A transaction Processing System (TPS) is a computerized information system developed to process large amounts of data for routine business transactions such as payroll and inventory. This high value can maximize overall performance.
• INT Grant Multi-faceted support;
  Simplify all processes with multitasking and ease the process quickly and safely
• Developer-friendly, smart contract compatible with EVM, initially compatible with WASM.
  All the key features in the development of the digital economy and cryptocurrency, can be put to good use, not only that it is broad in scope for everyday life
• Original IPBFT consensus mechanism, on-chain governance better than Ether;
• Excellent scalability with 100 verification global nodes, committed to building a blockchain developer utopia
  A wide range provides more choices

With these interesting facts, it is not surprising that INT gets a lot of support and trust from many influential partners. It really supports the development of the INT ecosystem.

All these achievements are thanks to the unique collaboration and innovation of the team behind it, get to know who is behind this project here

Future opportunities

The combination of blockchain and IoT has vast potential to create a cross-device service marketplace and provide developers with opportunities to create value from the data collected. The increasing number of emerging blockchain protocols, partnerships, and IoT device providers already shows that there is a good fit for blockchain in the IoT sector.

And we know that INT has existed since 5 years ago, yes ... this is the 5th anniversary of INT. With good progress and a real use case, INT can survive and continue to grow. As technology develops, the need for the internet will continue to increase, to connect the real and virtual worlds. Of course, with this well-established existence, it will form strong market confidence in INT and its technology, very useful for further developments in the future.

I hope this review can give you a new perspective. If you are interested in INT, feel free to reach them through the official page
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_{References:
https://www.iot-now.com/2020/06/03/103228-5-challenges-still-facing-the-internet-of-things/
https://faq.intchain.io/intchain-faq/faq.html#_1-what-is-int-all-about-what-are-you-trying-to-solve}

_{About Me
I'm just a crypto enthusiast who loves writing, cats, and chocolate. my Twitter}