Usefulness, awareness, and adoptability of IoT devices using blockchain technology

Traditionally, the high flexibility and scalability of cloud computing has made it a preferred choice for enabling on-demand resource sharing. Yet, the real-time requirements for data storage, data processing, and data interchange have increased dramatically with the rapid expansion of Internet of Things (IoT) in recent years, considerably exceeding the carrying capacity of traditional cloud computing. Specifically, high latency and bandwidth pressure impede the development of traditional cloud computing in IoT in many application scenarios, such as smart home devices, due to massive scale data transfer between billions of devices and data centres. In this regard, this study aims to associate data management in the IoT via edge computing using blockchain technology for technology-based companies. A quantitative research method was taken for this research methodology. In order to obtain necessary data, questionnaires were sent out through Google form, focusing on employing a purposive random sampling strategy. The survey method was selected because it enables respondents to answer questions at their own leisure, cost-effective, and able to gather a great quantity of data in a short period of time. The survey includes feedback from a total of 349 individuals working for 25 technology-based companies in Malaysia. For the purpose of conducting data analyses, the Statistical Package for Social Science (SPSS) version 26 was utilised as the statistical analysis tool. Based on the research conducted in these technology-based companies, it has been found that the utilisation, awareness, and implementation of blockchain technology have a beneficial impact on the financial performance of data management in the Internet of Things (IoT) via edge computing. In addition, the blockchain utilisation, awareness and adoption model accounted for 50% of the observed variance in the dependent variable after controlling for all other factors. Furthermore, the study findings suggest that blockchain utilisation, awareness and adoption presumed to be benefiting the traditional data service towards the proposed IoT data management implementation. According to the results, the technology-based companies may save up their expenses and enhance productivity output by adopting blockchain technology practices. The study shows that the existence of useful and impactful association link on the effect of blockchain usefulness, awareness and adoption approaches on internet of things data management with technology-based companies in Malaysia. The findings show that in order for technology-based companies to remain competitive, the management and the staff need to adopt blockchain technology practices. The conclusions also suggest that technology-based companies should provide training to their staff on new techniques for creativity and encourage them to stay up to date with the latest innovations trends. The business success of technology-based companies can be improved with the help of good technologies adoption and efficiency of the teams towards the technology.

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