The majority of businesses adopting the Internet of Thingsalso are adopting blockchain and combining it with their IoT networks, according to a new study by Gartner.

Three quarters (75%) of IoT technology adopters in the U.S. already have adoptedblockchain or are planning to by the end of 2020, according to the study, comprising a survey of 500 managers and executives with a primary involvement and responsibility for making decisions in IoTimplementations.

Among the blockchain adopters, 86% are implementing the two technologies together in various projects, according to Garter.

The integration of IoTand blockchain networks is a sweet spot for digital transformation and innovation, stated Avivah Litan, vice president at Gartner. In the long term, we expect the combination of IoT andblockchain to enable innovative devices and business models, but the necessary evolution in both blockchain and IoT will take five to 10 years to achieve maturity.

Of thosewho are implementing IoT and blockchain together, nearly two-thirds said it was because of increased security and trust.

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75% Of IoT Adopters Moving To Blockchain: Gartner 12/12/2019 - MediaPost Communications