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How the Blockchain is About to Revolutionize IoT and Why Now is the Time to Invest

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How the Blockchain is About to Revolutionize IoT and Why Now is the Time to Invest

Post by Vladdirescu on Mon Dec 04, 2017 9:04 pm

In 2015, there were 4.9 billion connected ‘things’ in the world.

By 2020, this number is expected to increase massively. Some have predicted there could be as many as 21 billion connected devices worldwide.
A scenario that was impossible to imagine a few years ago has now become a reality.

What Exactly is the IoT?

The Internet of Things is all around us. It makes a huge impact on our daily lives, and for most of us it has become the norm - we couldn’t imagine living without it. However, there is one major problem with the IoT today...and that’s that very few people actually know what it is.

A report has shown that as of 2014, 87% of people had never even heard of the Internet of Things. In some ways, it still sounds like nothing more than another confusing tech buzzword. But it could be responsible for one of the biggest technology paradigm shifts we’ve ever experienced.

The Internet of Things (IoT), also known as the Internet of Everything (IoE) refers to the collection of devices or objects that are connected to the internet that collect and transmit data via the Internet - from your smartwatch to your refrigerator. Soon, virtually every single device you own will be connected to the Internet.

Read the full article: https://coinidol.com/how-the-blockchain-is-about-to-revolutionize-iot/


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