WEB 3.0 — INTERNET OF THINGS INDUSTRY

Bhavik
4 min readApr 14, 2018

https://iota.org/

As the Internet-of-Things keep expanding, the need for interoperability and sharing of resources become a necessity. IOTA enables companies to explore new business-2-business models by making every technological resource a potential service to be traded on an open market in real time, with no fees.

In this new autonomous Machine Economy IOTA will be the backbone. The Tangle ledger is able to settle transactions with zero fees so devices can trade exact amounts of resources on-demand, as well as store data from sensors and dataloggers securely and verified on the ledger.

The main innovation behind IOTA is the Tangle, a revolutionary new blockless distributed ledger which is scalable, lightweight and for the first time ever makes it possible to transfer value without any fees. Contrary to today’s Blockchains, consensus is no-longer decoupled but instead an intrinsic part of the system, leading to decentralized and self-regulating peer-to-peer network.

https://moeco.io/

Moeco is a blockchain-powered platform to make all things connected. Roll out new IoT services quickly. Expand into new markets cost-efficiently.

Moeco is built to become a DNS of things — a platform integrating various connectivity standards and connecting billions of devices across the globe. Moeco uses crowdsourcing to gain coverage and help businesses effortlessly adopt IoT technology in a most cost-effective way.

Moeco brings together existing networks and private gateway owners by crowdsourcing its infrastructure — data from the sensors can be transferred using any smartphone or compatible gateway (even home-based).

The platform allows users to collect and transfer any type of data from any sensor anywhere in the world. Adding a new sensor is easy and permissionless — just add its ID using a website.

The platform takes care of payment and billing processes, and ensures exact data delivery. Businesses owning sensors pay for connectivity and the gateway owners receive money for each connection made through their gateway.

https://iotchain.io/

IoT Chain (ITC) is developed as a lite operating system using the blockchain concept and implementing PBFT, DAG, SPV and CPS technology, allowing data to be layered and stored in a decentralised manner and providing protection with the combined strength of the millions of IoT nodes within the network.

The technology will result in an economy of sharing for Internet of Things (IoT) devices in a decentralized and energy efficient environment while producing a wealth of valuable user data which can be used as fuel for the development of AI with users rewarded for providing this fuel.

Under this network, the interconnection of IoT devices of a home, a business or even a city can truly flourish without worry of transfer congestion, malicious attacks or losing privacy.

The implementation and monetization of ITC is not just a concept but has very real applications in the near future.

https://atonomi.io/

IoT Chain (ITC) is developed as a lite operating system using the blockchain concept and implementing PBFT, DAG, SPV and CPS technology, allowing data to be layered and stored in a decentralised manner and providing protection with the combined strength of the millions of IoT nodes within the network.

The technology will result in an economy of sharing for Internet of Things (IoT) devices in a decentralized and energy efficient environment while producing a wealth of valuable user data which can be used as fuel for the development of AI with users rewarded for providing this fuel.

Under this network, the interconnection of IoT devices of a home, a business or even a city can truly flourish without worry of transfer congestion, malicious attacks or losing privacy.

The implementation and monetization of ITC is not just a concept but has very real applications in the near future.

http://sikorka.io/

Sikorka is an Ethereum based system that enables smart contracts to be deployed on the spot in the real world. Using Proof Of Presence people’s proximity to a location is verified which allows them to interact with smart contracts found around their location.

Sikorka is a system developed on top of the Ethereum blockchain that allows people to:

  • Deploy Smart contracts on specific real-world locations.
  • Search for interesting smart contracts around their present location.
  • Interact with smart contracts around them.

The above is achieved through something called Proof Of Presence, a method use to attempt and verify the user’s current location as accurately and tamper-proof as possible.

https://intchain.io/

INT will build a framework for machines and devices, and create a token, which will be used to facilitate the resource exchange between nodes and heterogeneous links (different nodes may create independent internal links). For example, a node may make a request and pay corresponding tokens to request other nodes (or links) to provide power, network, data, service and other possible resources. In addition, through zero knowledge proof (specific improvement as necessary), optional masking may be conducted to protect user privacy and improve security.

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Bhavik

On a personal level, I consider myself a young dynamic open-minded person with a particular interest in entrepreneurship and new technologies.