Web3 and IoT: the next frontier of technology

Victor Suday
2 min readJan 25, 2023

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The Internet of Things (IoT) is revolutionizing our interactions with technology. It has already impacted our daily lives, from smart homes to connected cars and wearables. What about Web3 and blockchain technology, though? How will this new technological frontier shape the future of IoT, and how will it affect our daily lives?

Web3 is a term used to describe the decentralized web — an internet in which data is distributed across multiple computers on a network rather than controlled by a single entity or organization. This new type of web is empowered by blockchain technology, which provides secure digital records that are immutable and impossible to tamper with. This makes it ideal for applications requiring high levels of security without relying on third-party intermediaries such as banks or governments, such as cryptocurrencies, smart contracts, and supply chain management systems.

But what does this have to do with the Internet of Things? Well, blockchain can be used in close collaboration with other technologies such as sensors and AI algorithms to create self-executing “smart devices” that operate autonomously in accordance with predetermined rules and regulations outlined in their source code (e.g., autonomous vehicles). These devices could then communicate directly with one another over networks powered by Web3 protocols like Ethereum or IOTA, eliminating the need for centralized authorities and lowering costs associated with middleman services while also increasing efficiency through automation processes enabled by machine learning algorithms running on top of these networks.

Photo by Shubham Dhage on Unsplash

Furthermore, using blockchain-based authentication mechanisms would give users/devices participating in these ecosystems more control over who they share their data/information/assets with, giving them more privacy than traditional methods currently offer — allowing them only those parties to whom they explicitly authorize access. This means that even if someone were to break into your home network, they would not be able to access anything because they lack the authorization credentials needed to authenticate themselves against the system.

As you can see, combining Web 3 technologies with existing ones found in today’s world opens up a wide range of possibilities when it comes to developing Internet of Things solutions; from improving security measures taken to protect user information assets being exchanged across different platforms enabling companies to create cost-effective yet reliable ways managing large scale operations efficiently utilizing automated processes driven AI algorithms run top decentralize.

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Victor Suday
Victor Suday

Written by Victor Suday

Creative Writer | Graphic designer | Blockchain, Web3 & 4IR enthusiast.

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