Blockchain for Internet of Things (IoT)

Discover how web3 is emerging in the Internet of Things (IoT) industry.

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What challenges face the Internet of Things (IoT) industry?

The Internet of Things (IoT) industry faces a few key challenges including: Coordination, Data Privacy, and Double Spending.

Coordination

Lack of coordination can lead to inefficiencies, confusion, and miscommunication in work processes and project management.

Data Privacy

Data privacy concerns are escalating as personal data becomes susceptible to unauthorized access, potentially leading to identity theft and confidentiality breaches.

Double Spending

Double spending refers to a scenario where a digital currency is spent more than once, leading to fraudulent transactions and undermining system trust.

Blockchain can help us solve some of the world's biggest challenges, such as poverty and climate change.

Satya Nadella

Chairman and CEO

,

Microsoft

What are use cases for blockchain in the Internet of Things (IoT) industry?

Blockchain can be used to solve problems in the Internet of Things (IoT) industry including Traceability, Privacy, and Payment Streaming.

Traceability

Blockchain ensures supply chain traceability by creating immutable, transparent records for every step, ensuring the authenticity and origin of products.

Privacy

By providing a decentralized and transparent platform, blockchain technology can ensure privacy. It securely stores and verifies sensitive data, eliminating the need for a central authority.

Payment Streaming

By enabling real-time and continuous microtransactions, blockchain technology can revolutionize payment streaming. It eliminates the need for traditional payment systems, enhancing efficiency and transparency.

How can Alchemy help Internet of Things (IoT) companies with their blockchain strategy?

Alchemy's team of blockchain experts and enterprise-grade web3 development platform can help Internet of Things (IoT) companies plan, build, and scale new blockchain initiatives.

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Custom Webhooks

Stream on-chain data and get notified immediately about blockchain data changes.

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Smart Websockets

Maintain a continuous network connection between server and client without repeated requests.

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Trace API

Gain insights into transaction processing and on-chain activity.

Previously, we couldn't automate bookkeeping for on and off-chain purchases within our carbon removal marketplace. With Alchemy's Custom Webhooks, we can instantly get notified about the most recent on-chain transactions and can merge that information with off-chain data. The key thing for us here is that this data is 100% reliable, so we know we can safely show it to our users in the frontend.

Jaycen Horton

Co-founder

,

Nori

Continue learning about enterprise blockchain solutions

Read overviews written by Alchemy's team of research analysts to discover ways enterprises in the Internet of Things (IoT) industry are using blockchain.

Enterprise Blockchain FAQs

Does Alchemy support permissioned blockchains?

Alchemy's supported blockchains include Layer 1s like Ethereum, Solana, and Astar, Layer 2s including Arbitrum, Starknet, Polygon zkEVM, and Optimism, as well as Polygon's PoS sidechain. Alchemy also supports Goerli, Sepolia, and Mumbai testnets. If you are interested in running a permissioned blockchain, contact our team of experts!

How can I get started building with Alchemy?

You can start building on Alchemy immediately!  Alchemy boasts the most comprehensive free tier in all of web3 development. From core node RPC services, to enhanced APIs and account abstraction infra, Alchemy's free tier has a robust set of tools and lots of capacity to start building right away. If you need more advanced tools, higher throughput, or more monthly compute units, Growth and Scale Tiers are self-serve starting at $49/month and $199/month respectively. For custom plans and enterprise SLAs, please contact our sales team!

Who can help me figure out my enterprise web3 stack?

The Alchemy Sales Team is available to answer any and all questions about the infrastructure and tooling your company needs to bring a production-ready web3 strategy to market. To get started, book a time with an expert!

Does Alchemy offer consulting services?

Alchemy does not offer formal consulting services, but our team of experts are ready to help you think through important product and infrastructure considerations. Contact a member of our sales team to start the conversation!

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Need guidance exploring web3 strategies, evaluating trusted partners, or scaling blockchain initiatives? Our team of experts is ready to help!

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