Internet of things (IoT)
The biggest mistake most prognosticators make is
underestimating the potential for fast growth in our hyper-connected world.
Automobiles took time to catch on because would-be drivers had to wait for
roads and gas stations to be built.
But today’s disruptive innovations rely on existing
infrastructure for mobile devices that puts most companies just a few clicks
from billions of consumers. One of those is the Internet of things (IoT), which
involves adding smart sensors to connected devices so that users can do things
like ask Amazon’s Alexa digital assistant to turn off the lights or order a
pizza.
Applications of IoT
Applications of IoT
Blockchain
blockchain, one of the underlying technologies for the
hot cryptocurrency bitcoin, can make IoT devices even more useful. It creates a
digital record across hundreds or thousands of computers, vastly reducing the
risk of hacking.
In 2018, companies will begin to use Application Programming Interfaces, or
software used to connect different databases and computer services. Combined
with the blockchain Internet of things, it will be as easy to get data from
sensors in a warehouse as accessing websites on our mobile phones. When
manufacturers, retailers, regulators, and transportation companies have
real-time data from sensors imbedded on products, trucks and ships, everyone in
the distribution chain can benefit from insights that they were previously
unable to get. With BIoT, companies and consumers can also be assured that
their most valuable data on the blockchain cannot be hacked.
Applications of Blockchain
