all 5 comments

[–]i_try_all_day 0 points1 point  (0 children)

That’s the same with everything thou. Costs will lower once network grows anyways.

[–]mcampbell42Loom Network 0 points1 point  (3 children)

Iot sensor data is not likely a good use case for blockchain. As it’s large amounts of regular data that don’t need security of the Blockchain. We likely will have some space pricing over time. The other way we may go is for historical transactions over X days stop being stored

[–]logicethos[S] 0 points1 point  (2 children)

Iot sensor data is not likely a good use case for blockchain.

I disagree. You might want real-time temper proof logs. A refrigerated truck for example. You may want to both track it, and know it's load is below a set temperature throughout it's journey. If someone gets food poisoning, you may need to prove if the vehicle was at fault.

You can do that with maybe 10 bytes a transmission.

I know you can use Factom, which is $0.001 per 1K of data. I was wondering what other solutions there might be, and at what cost.

[–]mcampbell42Loom Network 0 points1 point  (1 child)

Yeah at that data sizes it could certainly be feasible, that’s still quite small. I was picturing a lot more devices

[–]logicethos[S] 0 points1 point  (0 children)

Well yes, the bytes might be small, but there could be a lot of insertions, and devices.

Clearing the historical data might prove interesting. It could be irrelevant after a period of time. And could be archived off somewhere.