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How can blockchain be utilized in conjunction with the Internet of Things (IoT)?

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Blockchain can be utilized in conjunction with the Internet of Things (IoT) by providing a secure and decentralized way to store and manage data generated by IoT devices. By using blockchain technology, IoT devices can securely communicate with each other, verify the authenticity of data, and ensure data integrity without the need for a central authority. This can help in creating a more secure and transparent IoT ecosystem, enabling applications such as supply chain tracking, smart contracts, and secure data sharing among IoT devices.
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