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How Bitcoin opens the door to IoT growth

5/18/2016

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PictureImage: Thomson Reuters
Don't let the Bitcoin name confuse you so you can't think openly. Many think of Bitcoin as fundamentally a nefarious cryptocurrency for bad guys.  For the purposes the Internet of Things (IoT) put that aside - its irrelevant. What makes Bitcoin relevant to IoT growth is one its key underlying technologies - blockchain. 

Think of  Blockchain  as a distributed or shared digital ledger where any relevant party can safely see any and all the ledger's transactions. In a CIO article Jesus Rodriguez succinctly and expertly describes blockchain in an IoT world. It's well worth the 15 minute investment.

Blockchain contains two important attributes for IoT.  It keeps track of all transactions in an open and secure way, and no third party is needed to verify the veracity of the components of a transaction. The decentralized digital ledger completes and confirms transactions far faster (minutes vs days) and with much less expense than with traditional 3rd party ledgers, like for example a banking network.  

Some, such as Filament, will apply the Bitcoin blockchain ledger itself for IoT apps. Alternatively some very large players are collaborating on their own independent blockchain systems. Hyperledger, backed by Accenture, JPMorgan, et. al., and R3, backed by huge financial firms, are developing blockchain services. Additionally IBM is offering blockchain microservices.  Both Hyperledger and IBM are positioning their blockchain services with an eye toward IoT applications.

The  advantages of blockchain technology will quite likely lead to its natural use within IoT applications. Don't pay attention to the fear mongering around Bitcoin, focus on the blockchain.

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Overlook the IoT device layer at your own peril

5/3/2016

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Janakiram MSV, a contributor at Forbes wrote an insightful blog post describing an Enterprise IoT Platform Checklist. I highly recommend your reading it. You'll be rewarded for the 15 minute investment.

The checklist is unique and particularly useful as a contrast to many other IoT system descriptions. It lists the edge device plainly in the core of the solution. 

Picture
Image Source: Businesscloudnews.com

Three of his ten checklist items are solidly device focused

     - Comprehensive Device Management

     - Support for a Wide Range of Protocols and Standards

     - Integration with the Edge Devices

Mr MSV lights the way to a shorter, less painful path to IoT success.

Most other IoT systems focus on aspects of application and data with little emphasis on device issues. And indeed data and application aspects are vital but like the proverbial three-legged stool metaphor, an IoT system without a solid device infrastructure is doomed to fall over.

A robust, data-flexible, secure device layer is absolutely key to enterprise IoT success.

Also it wouldn't
hurt to read Janakiram MSV's other Forbes contributions.  

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"Who ya gonna call" for developing your IoT solution

3/18/2016

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For many people new to the Internet of Things world it’s not clear who the real and relevant IoT companies are for different parts of an IoT solution.  Where does one even start?  "Who ya gonna call?", or contact or research? Which convenient place should I use to start looking?

Our Useful IoT Sites page seeks to get you off to a great start. Here you’ll find companies and references for different aspects of the IoT puzzle, for example listed are relevant names for Analysts, Media, and Associations.  Also listed are companies for Connectivity and Device needs, among other subjects . With most of these companies I’ve had some direct contact.  These outfits have been around before the IoT name was popular or are led by experienced folks; many of whom I’m familiar with.
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It's not a complete list of course so check back every once in awhile as the list will be updated on a regular basis or contact us.  Also comment if I missed something. 

"Who ya gonna call"
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    Manuel Zepeda's practical opinions about what's going on in the IoT world

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