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The Most Promising IoT Trends For This Year

IoT (Internet of Things) represents a trend that continues to become more and more popular. Numerous industries have benefited from IoT, and they owe their success to it. That is the reason while it is important to pay attention to this technology and see whether new opportunities emerge. We made some predictions regarding the future Internet of Things trends in order to make things easier for you.

Marketing campaigns that target the user specifically

It is no secret that marketers have access to lot of our data. In the future it is very likely that we will see personalized marketing campaigns. The approaches used will be different from what we see now, and each user will represent a target for the business owners. The marketing campaign will be personalized for each customer, in order to create a personal relationship to the product. The ads will be influenced by the behaviour of the user, as well as his or her traits.

Obviously, this has and will continue to raise concerns about the invasion of our privacy. It should be up to customers to decide how much information a company should have. However, if implemented correctly, we might see personal advertisements in the close future.

Artificial Intelligence and Big Data

In the future, the use of IoT will increase and there will be more smart devices. This also means that there will be more data that needs to be processed. Big Data will be needed and there should be tools that can handle it.

Artificial Intelligence appears to be the perfect solution. With the help of AI we could receive accurate results, and the data offered by computers should be a lot more precise than the one calculated by humans.

Mobile phones will have an increased importance

Our smartphone is arguably the most important device we own, and users take them everywhere with them. Therefore, it is very likely that the role of smartphones in IoT will be more important in the future. This will make things more convenient for all of us, and it will be a lot easier to manage smart homes.

This could also mean that mobile phones will represent a target for cyber attackers in the future. Therefore, the security of these devices should be improved; otherwise the entire system could be compromised.

Security problems

While IoT technology does come with many advantages, it also makes users more vulnerable. Cyber-attacks happen frequently, and technology has its flaws. Therefore, before the Internet of Things technology is implemented, it is very important that its vulnerabilities are analyzed in order to protect all users.

Security concerns are very important, and we must always consider the risks that come with a heavy use of the IoT technology. In the future, cyber-attacks could target our entire house, and that is something we should protect ourselves against. Our lives could also be in danger, as insulin pumps or implanted pacemakers are vulnerable as well.

More interconnected devices

The number of devices connected together might grow this year. This will allow Internet of Things processes to evolve and they will become more accurate as well. You should also keep in mind that phones and computers aren’t the only smart devices we use. There are numerous new products, such as smart doors or smart clocks, and they can all be connected together.

By increasing the number of devices, personal use will become a possibility when it comes to IoT. “Smart cities” lead by this technology represents a possibility in the future, and there are already countries that have taken this into consideration.

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The IOTA Networks use Tangle Tech for IoT

The market of cryptocurrency has been on the downfall lately. Now it is the time for true cryptocoin aficionados to relax for a bit as they should be focusing more on the developing blockchain tech and its potential. This technology tried to solve the financial industry’s inherent problems.

Among its successes, we mention the elimination of third parties from peer-2-peer transactions and the increase of speed in the financial transaction in general. By further evolving blockchain technology, we will see lower transaction fees as well. The speed of the transaction will increase as we remove the digital-geographical borders. IOTA is a company that tries to use crypto as a real-life solution.

IOTA [MIOTA] and the Tangle System

The IOTA network is made so that every phone, computer or any other electronic device is able to transfer and receive data within this network. It is capable of handling up to 1,500 transactions per second, making it one of the best financial environment for the market.

Dr. Serguei Popov, one of the contributors to the network, designed it to run on Tangle. This network carried IOTA to becoming one of the 3rd generation’s contenders among digital coins.

From Tangle to reality

Tangle’s designers are confident that, if it were to be applied in the real world, it would be bulletproof against cyber-attacks, even from those performed from quantum computers. The existing blockchain tech is vulnerable towards this kind of attacks. This has led some large companies, such as Audi ThinkTank to try and test IOTA out.

Not too long ago, at the CEBIT 2018 Exposition in Germany, Volkswagen has showcased some interest to give this platform a try and aired a demo on how this network could be useful. The company looks to use Tangle for safe data transmission among vehicles.

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Crypto News

China Plans To Lead IoT And Blockchain Technology Standardization

China will lead an international research group to standardize the Internet of Things (IoT) and blockchain technology, the local news portal Science and Technology Daily reported recently.

The joint technical committee, consisting of the International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC), adopted the proposal to form this international research group after a one-month discussion of the committee members.

China promotes the industrialization of IoT and blockchain

Science and Technology Daily, the official newspaper of the Chinese Ministry of Science and Technology, writes that the creation of this group means that China has gained “discourse power” over blockchain technology integration.

It is of great importance for China’s industries, which are linked to leading global development and promoting the integration of Fiat and the digital economy.

The international research group chaired by Dr. Shen Jie will promote fiat digital integration by providing a variety of industrial application scenarios and developing a mechanism to promote the international standardization of IoT and blockchain technologies.

The new group will be made of analysts of ten countries, such as the US, the UK, and Germany, among others

China has recently made progress in the acceptance of blockchain technology. Last month, the Digital Currency Research Lab of the People’s Bank of China (PBoC) filed a patent for a digital wallet that would allow users to track their transaction history. Also in June PBoC unveiled a blockchain-operated system for digitizing paper cheques.

Earlier this week, as reported by Cointelegraph, the deputy director of the Chinese Ministry of Industry and Information Technology (MIIT) had called on the country to “unite” its forces to promote the Blockchain as the “core” technology for the new digital economy.

The new research group will consist of experts from over ten countries, including the United States, the United Kingdom, Germany, and France.

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Crypto News Tech

IOTA To Revolutionize The Internet Of Things With LiFi Technology For Lightning Speed

The IOTA is disclosing more details on its approach to powering the Internet of Things at lightning speed with its LiFi technology.

More than 26 billion devices will be linked to the Internet by 2020, says the research firm Gartner. That paves the way for a whole new dimension of digital intelligence, where you can transfer massive volumes of data from one device to another with no human-to-human or human-to-computer interactions. That may well dramatically impact the way we live, building smart cities and reshaping virtually all industries, from the producing industries and agriculture to supply chain management and healthcare.

IOTA is attempting to leverage its distributed general ledger technology to power the revolution of the Internet of Things and link billions of devices together and surmount a significant bottleneck, namely, the bandwidth.

Currently, the more devices are connected, the more limitations occur. On WiFi networks, for example, only three channels can operate concurrently without a glitch.

IOTA works on LiFi technology to power the Internet of Things at lightning speed

To tackle the bandwidth bottleneck, IOTA is currently investigating the full capabilities of LiFi, a relatively new technology that makes use of the light spectrum and generates infinite channels.

LiFi is a technology developed to harness existing LED technology to transmit data at lightning speed.

Bandwidth is undoubtedly the last bottleneck. I can’t do anything about the speed of light. But the theoretical limits of LiFi are in terabytes per microsecond in the magnitude range.

IOTA Ecosystem Fund Director John Licciardello, on Reddit

On Discord, according to Hello IOTA, an IOTA code developer also debated the advancements LiFi could bring to the Internet of Things. On the other hand, the IOTA founder David Sonstebo also talked about the LiFi technology on Twitter.

No, we always stress that the speed of LIGHT cannot be exceeded. The coordinator is not part of the IOTA protocol, it is an integration tool.

David Sonstebo, on Twitter

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