This application of blockchain technology allows enterprises to manage data on edge devices in an IoT system, reducing costs associated with IoT device maintenance and data transfer. It reduces the risks of managing data, because there is no centralized data repository and the ledger is not vulnerable to cyberattacks.
Is a Blockchain a database?
A blockchain is kind of a database because it is a digital ledger that stores information in data structures called blocks. On the other hand, a traditional database is a data structure used for storing information.