BLOCKCHAIN REVOLUTION THE INTERNET OF THINGS

The Internet of Things (IoT)

Cisco predicts the global IoT market will be over $14 trillion by 2022.
That’s a lot of money sloshing around...
and another opportunity for blockchain technology.

[The IoT is the point where nearly every device we use today
(dishwashers, automobiles, even your garage door opener)
will be connected to the internet.]

IBM is at the forefront of IoT and blockchain technology.
It’s building a “proof of concept” called Autonomous
Decentralized Peer-to-Peer Telemetry (ADEPT).
ADEPT uses Bitcoin’s underlying blockchain design to create a
ledger of existence for billions of devices.
Each device on the system can autonomously talk to its peers.
IBM is already testing use cases for ADEPT...
It’s partnered with Samsung to make the AW9000 washing machine.
Using ADEPT, the Samsung washing machine was able to reorder
detergent and service parts, and control how
much electricity it used.
We’re in “the Early 1990s Internet” All Over Again...
Today, the blockchain is at a similar point to where the internet
was in the early 1990s.
Remember, many people didn’t see the significance of the internet at first.
But early investors started pouring in... and that was an indication
that the technology was about to take off.
We’re seeing a similar pattern with the blockchain.

Venture capital is flooding into the space .