Bitcoin Is the Fuel We Need for the Industrial Internet of Things
Industrial giant G.E. has announced the new Internet revolution: The Industrial Internet of Things. G.E. promises the Industrial Internet will bring a new wave of digital products, which combines “Machine-to-Machine (M2M) communication, industrial Big Data analytics, technology, cyber security and automation.” The Industrial Internet, if successful, will....
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Bitcoin, the blockchain, artificial intelligence, the Internet of Things and other Fourth Industrial Revolution technologies are disrupting everything around us. In particular, they are disrupting the way we manage people and businesses. Furthermore, they are changing management approaches and fostering new business process creation. Industrial....
Dr. Greg Colvin who works on the Ethereum Virtual Machine has identified a key factor that distinguishes Ethereum from Bitcoin and a number of other altcoins. Speaking on the implications of Ethereum on society in an interview shot at the Devcon 2 conference, he said there exists a factor that makes Ethereum more than just a form of money: “For me and for a lot of people, Ether is just what makes Ethereum run. We don’t really care if it is money. I don’t care day to day what the value of Ether is. Whether it goes up or down, it’s just the fuel that runs the machine. What’s interesting are....
Bitcoin adoption in a mainstream capacity can only benefit from the efforts being made in the Internet of Things industry. As more and more devices learn to communicate with each other through mesh networks, payment solutions will have to evolve as well. Bitcoin is perfectly suited for microtransactions, and when this world collides with the Internet of....
Economies spend a lot of money on infrastructure. Yet a lot of this infrastructure lies idle and is underutilised. Big industrial machinery, medical equipment and even ports and airports are mostly unused and not used to their fullest potential. What if we were to find a way which would allow us to use our assets to their fullest capacity? It turns out that the answer may just be using the Blockchain. Blockchain is the same technology that powers Bitcoin and is basically a distributed ledger which can move information on anything which has some value. Blockchain works as a secure....
Bitcoin and Internet of Things (IoT) are the two buzz words in the tech sphere at the moment. Bitcoin is something which we always keep talking about on this site. Internet of Things, not so much. But with the introduction of Bitcoin 2.0 and other upcoming alternatives like Ethereum, we will be forced to discuss about IoT soon. After all, the IoT will be made possible by Bitcoin technology in the coming days. What is Internet of Things? Internet of Things (IoT) is a concept where the objects and equipment area embedded with electronic sensors to create a network. These "smart" equipment....