What is the difference between blockchain and Internet of Things?

Internet of Things technology allows tangible objects used in daily life to connect to the Internet and transmit data through algorithms to provide better services to customers. At present, the most intuitive embodiment of the rapid development of Internet of Things technology is the surge of smart devices such as TV, furniture and vacuum cleaners. At present, the existing smart home is completely operated by built-in algorithms.

Blockchain is a new application mode of distributed data storage, point-to-point transmission, knowledge mechanism, encryption algorithm and other computer technologies.

The distributed nature of blockchain means that it can resist most security problems. Compared with the traditional client-server system, the advanced encryption of blockchain system provides better protection against hackers. This is why it is very safe to use virtual currency for online transactions.