Blockchain was innovated back to 1991 by Stuart Haber and W. Scott Stornetta. Since then Blockchain has been developing rapidly and embraced by the community.
However, Blockchain technologies have inherent limitations.
- Difficult to scale.
- Computing power is becoming more centralized(China owns almost 51% of Bitcoin).
- Increasing Transaction fees
As I’ve explained in the other post about the Blockchainless protocol, it resolves the issues above and is a perfect match with IoT.
Platforms embracing Blockchainless architecture
I believe there will be more and more projects which adopts the Blockchainless architecture in the near future. Lets keep an eye on it.