There’s a good chance that you’ve interacted with an IoT device recently, even if you’re not aware of it. IoT, or Internet of Things, is an industry that focuses on connected devices. Do you own a Nest Thermostat? Then you’re a part of the IoT world. The same applies if you own a Google Home or Amazon Alexa.
Of course, when we’re discussing IoT on the blockchain, things aren’t always quite so simple. Typically, these types of projects focus on larger problems like supply chain processes or scalability.
We’ve reviewed and compiled a list of the best IoT blockchain projects for 2020. We’ve taken partnerships, online presence, project updates, and longevity into account to provide you with a comprehensive list.
Top IoT Blockchain Projects for 2020
| Name | Description | Year Established | Notable Partnerships | Social Following | Project Updates | Score |
|---|---|---|---|---|---|---|
| IOTA | This blockchain project is designed specifically for use with IoT. It aims to enable secure trading and sales transactions, while incurring no fees from miners. IOTA wants to remove the biggest barriers from the world of digital assets, primarily slow transaction speeds, lack of scalability, and mining expenses. | 2015 | Microsoft, Volkswagen, DnB, Bosch, Fujitsu | Twitter (119k), Facebook (50k), LinkedIn (3k) | April 8, 2019 | 4.00 |
| IoT Chain | IoT Chain aims to make IoT a safer space for all users. With their operating system, IoT Chain focuses on solving problems related to stability, security, and data control. Through blockchain integration, IoT data can be stored and layered in a decentralized method. As the IoT network continues to develop and evolve, IoT Chain plans on providing additional protection through connected nodes. | 2017 | Schonell, GVE, Sentinal, GMTech, Adzar Energy | Twitter (16.7k), Facebook (18k), LinkedIn (27) | April 20, 2019 | 4.00 |
| Modum | Modum is a tech startup that aims to improve the currency supply chain process. By combining IoT and blockchain, Modum creates a supply chain network which combines IoT devices and smart contracts into one single device. The intent of this product is to provide real-time tracking data. This helps to ensure that the product has not been tampered with and is on target for the entirety of its shipment. | 2016 | Comunications Systems Group, Swiss Commission for Technology, Variosystems, Institute for Supply Chain Management | Twitter (14.6K), Facebook (390), LinkedIn (1,300) | April 30, 2019 | 4.00 |
| Factom | Factom is a system for record-keeping which resides on a distributed, decentralized network. The concept behind this project is to create a distinction between the Value Layer and the Data Layer, which allows for document notarization. These records are then stored on bitcoin's blockchain, which means they are immutable and very unlikely to change. | 2014 | Digital Documents Advisors, Equator, Vodii, FPT Software | Twitter (75.6k), Facebook (5,750), LinkedIn (2,300) | March 9, 2019 | 4.00 |
| Ambrosus | Ambrosus is an Ethereum-based project that also focuses its resources on the supply chain. With its proprietary IoT devices, Ambrosus aims to create a supply chain with integrity. The beauty behind Ambrosus is that it has use cases with any industry that relies on logistics and supply chain. Potential errors and problems exist within the current system, which is why Ambrosus has created a device which eliminates some of the supply chain complexity and issues that lead to millions of dollars lost. | 2017 | Nestle, Trek Therapeutics, BioFirm AG, Crypto Valley Association, Cantone Group | Twitter (20.7k), Facebook (4,400), LinkedIn (2,100) | April 29, 2019 | 4.00 |
| VeChain | Another supply chain IoT Blockchain project is VeChain. This project makes use of smart contracts to track company inventory, tokenizing product as it moves throughout the supply chain process. RFID labels are placed on shipments, which then reveal the history of a product in its entirety. VeChain users can view this history any time they want as the shipment goes through the process. | 2015 | China Unicom, Bright Food, LogSafer, BYD, BIOS Middle East, NTT Docomo, ENN Energy Holdings | Facebook (38) LinkedIn (3485) Twitter (108K) | Feb 13, 2019 | 4.00 |
| Power Ledger | The Power Ledger project is creating decentralized, distributed energy trading which supports applications that focus on energy. Power Ledger wants to create a market that allows energy to be distributed to those who need it by those who don't, along with a shared ownership methodology that allows for microgrids that exist on the blockchain. | 2016 | Sharing Energy, BCPG, American PowerNet, Vector, Nest Energy, Tech Mahindra | Twitter (85.3k), Facebook (23k), LinkedIn (7k) | Jan 22, 2019 | 3.50 |
| Waltonchain | WaltonChain is a supply chain solution which focuses on the Value of Internet of Things. With their proprietary RFID technology, WaltconChain tags objects and tracks them. This type of inventory tracking is useful in logistics, product kiosks, and library systems. Using WaltonChain, users can know where a product has been, who handled it, and other pertinent supply chain or inventory tracking data. | 2016 | Mitoq, Huodull, Kaltendin, Freyrchain, Fashionchain, MoneyNet | Twitter (55.7k), Facebook (1,400), LinkedIn (221) | April 25, 2019 | 3.50 |
| Helium | The Helium project wants to create a simple solution for connecting IoT products through a decentralized blockchain. This network works to incentivize businesses and communities by offering affordable infrastructure which allows for connecting sensors, machines, and devices.Through its Helium Gateway, coverage is created for devices and applications that want to use the network. | 2013 | SalesForce, GitHub, WeWork, Google Cloud, Microsoft, Mouser, SparkFun | Twitter (2,800), Facebook (1,100), LinkedIn (900) | April 10, 2019 | 3.50 |
| OriginTrail | The OriginTrail project aims to provide data sharing throughout the supply chain process. This gives businesses a way to easily and seamlessly exchange data. OriginTrail does so by providing a secure and transparent application which increases efficiency and accountability. The intent of OriginTrail is to become the first decentralized purpose-built protocol. Doing so allows businesses the ability to interact with one another across international boundaries with ease. | 2013 | Planika, H-Farm, Ferdinand, Yimishiji, Perutina, Natureta | Twitter (15.7k), Facebook (10.5k), LinkedIn (1,500) | April 30, 2019 | 3.50 |
| IoTex | Iotex wants to solve IoT problems with decentralized blockchain solutions. With a proof-of-stake consensus algorithm, Iotex will address IoT issues such as: Lack of Privacy, Scalability, and High Operating Costs. These and other problems exist within the world of IoT, which is why IoTex is developing new and innovative ways to discover solutions with blockchain technology. | 2017 | XYO Network, NKN, lineable, weeve, SmartHab, Celer, LianAn, Certik, | Facebook (262) LinkedIn (N/A) Twitter (15.5K) | March 2019 | 3.50 |
| Grid+ | Based on the Ethereum network, Grid+ wants to give its users a way to access wholesale energy marketplaces. Through its Smart Energy Agent device, Grid+ adjusts energy consumption on the grid by adjusting and controlling smart gadgets which reside on the network. It can also use energy stored withing the home to buy energy when it's needed. | 2017 | TepCo | Twitter (5,900), Facebook (613), LinkedIn (346) | April 30, 2019 | 2.75 |
From the list above, it’s easy to see that there are plenty of great IoT blockchain projects out there that are looking for ways to improve the world around us. No matter what people might think about blockchain, it’s clear that this technology is finding new and innovative methods to change our everyday lives.
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