Sourceless Blockchain and the Internet of Things

All personal, commercial and industrial devices are equipped with chips through which they collect and communicate various information without human intervention.

Commercially, many of these objects aim to improve what is known as Quality of Life (QoL), easing people’s daily responsibilities, and industrially, interconnecting machines and appliances to further revolutionize the market.

According to a study released by the Gartner Institute “more than 50% of new businesses will incorporate elements of IoT”. According to the same study, utility providers and governments are and will remain the most important users of IoT technology.

The IoT segments that are growing the most during this period are the automotive industry (autonomous cars), automated services (street lighting) and healthcare providers, who use this technology mostly for monitoring chronic diseases.

The adoption of new technologies is visible across industry, in public institutions and in the everyday lives of consumers. The data generated by the devices helps companies operate more efficiently, gain insight into business processes and make real-time decisions.

By combining device connectivity with systems automation, information can be collected, analysed and, by default, a decision can be made in response. IoT can therefore help a person accomplish a task. Moreover, IoT gives devices the opportunity to communicate not only within a private network, but also between different types of networks, creating an interconnected world.

Information extracted from Sourceless Blockchain Whitepaper v1.3
www.sourceless.io

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