A group of companies which includes giants like Alibaba Group, ZTE, China Unicom and China’s Ministry of Industry and Information Technology are going to join their ranks in order to create a blockchain framework for the internet of things (IoT).
Using blockchain technology apart from its original application, cryptocurrency, isn’t news any longer. Numerous projects around the globe come up with new ideas as to how distributed ledger technology may be applicable beyond just transacting values. Even though most experts agree that the novelty is at premature phase as yet,.
Earlier ForkLog wrote about Valery Litvin, a Belarusian blockchain developer from the Cyber.Fund team, and the smart socket selling power and Wi-Fi access for Ether he had created. The device has been presented and successfully tested at the recent Blockchain Conference Kyiv.
According to a newly issued report by the International Data Corporation, overall spending on the IoT-related products is expected to nearly double by the year 2019 to comprise almost $1.3 trillion, as compared to current $700 billion. Leading the trend is the Asia-Pacific region, which hosts more than forty percent.
According to the Wall Street Journal, the Federal Trade Commission, which functions as an entity preventing illicit actions in various trading operations, has appointed Lorrie Cranor, an expert in online privacy and security, as its chief technologist. Previously she headed the Carnegie Mellon CyLab’s privacy lab, wrote over a hundred.
In the year of 2015 one would hardly be surprised to hear “smart house”. Almost everyone knows that it refers to some electronic components incorporated in the infrastructure of an appartment, a house, or an office. They are to make our lives more cost effective, eco-friendly, convenient, and safe.
The Internet of things has long ago ceased being a mere concept; nowadays, it is an interesting and promising technological trend that gradually comes to life. The IoT concept was introduced for the first time in 1999, and it took roughly 10 years to commence implementation thereof. We are not.
Microsoft’s Ukrainian subdivision made local startups’ day with good news. It provided them with a unique opportunity to come into their own in projects related to the Internet of Things (IoT).