An Opportunity To Invest Similar To The Giants In IoT Industry.
Amazon did a very popular advert for its virtual assistant technology (Alexa) where a mother is shown helping her daughter with homework, controlling the lighting of the house and ordering some material for her son while also answering her email with a voice-to-text technology and a lot other things together through Alexa
Of course, one must wonder how it is possible to connect so many household gadgets to a single network. Well it is very possible through the Internet Of Things (IoT)
The Internet Of Things (IoT) is the technology behind the network that holds together all devices that connect to the internet. Any "smart" device poses the capability to connect to the internet of things (IoT), and if you take a moment to conceive the sphere of this technology, you will discover that everything from remote controls to fridges to automobiles and digital wristwatches is now considered as a smart thing.
The market for internet of things is growing rapidly. As a result, Wall Street which is the world's largest stock enterprise sees a huge value in IoT, and they've taken measures to own stakes in the market since the current IoT market is projected to drive annual spending of around $1.4 trillion after 2021.
All the big tech companies have invested heavily in the IoT industry with Apple creating HomeKit — a software framework that allow users to connect their iOS devices together with home gadgets, Google acquired Nest and also developed Google Home product. There is also Amazon with Alexa, and Microsoft wasn't gonna be left out don't you see? — they're ceaselessly trying to propel Cortana into the market. And the list goes on...
While there is a remarkable increase in the adoption rate of IoT technology — with major tech giants embracing the technology, there still exist some kinks to be ironed out as regard challenges.
Challenges With IoT Device Networks
Data Transfer Speed
Smart gadgets or devices are able to connect to internet of things through a ''network'' which comprises of many intermediaries that function as gateways and filters for the connection. Usually large number of intermediaries increase the time required to process and exchange the data that is being transmitted between the various devices in the network. Also the configuration of each gadget within the network is different, and as such the rate of data consumption and storage space varies in each device – the speed of data transmission is slow because the central control has to manage individual gadget within the network.
Security
Above even efficiency, the security of any utility is very important, moreso for IoT networks. Connections of IoT networks needs to be very secured to avoid harm to the users from attacks such as hacking. Since home devices like TV, PCs and mobile phones are smart and can connect to the internet, these gadgets can be hacked and put users in danger.
Total Cost of Ownership
While the IoT is a technology with so many advantages some of which are heterogeneity and flexibility, leveraging the technology has mostly proven to be expensive. Organisations have had to optimise their resources in order to reduce the total cost of ownership due to centralised management of the technology.
Trust
A very big issue with IoT connections is that of trust between the various gadgets in the network. It is required that devices should trust and verify the information that is transmitted for a successful exchange of data within a network.
A Blockchain Project Aims To Provide solutuons To These Problems
Athero is a new blockchain project that is created to revolutionise the Cryptofinance industry. The project will combine the benefits of blockchain technology together with Internet Of Things and show that more developments can be done to improve the technology in order to offer the world the full benefit of internet of things .
The Athero project will leverage the latest and most advance technologies such as private key cryptography, asymmetric encryption algorithm and advance smart contracts to guarantee unalterable and immutable protocol to fight against attacks.
There is always improvement in the Internet Of Things (IoT) industry as more data is being processed within the various networks through connected devices — this further improves the services and products available in the consumer markets. Athero is focused on providing both consumer and enterprise-grade IoT solutions that correct the existing problems faced by the industry. Athero will leverage the benefit of blockchain technology to offer security for IoT networks, especially against hacks.
Investment: Athero Vs The IoT Market
It is a smart move to follow in the footsteps of giant industry leaders, but it will be totally unwise to match horns with them directly.
Athero understand that it is entering a market controlled by established centralised giants. Instead of competing for a consumer-side product of the market and risk upseting the invincible giants of the IoT industry, Athero is picking a clever approach.
Athero Is Taking A Smart Approach
There is huge competition for the Business-To-Consumers (B2C) market share, but the project has observed that companies like Cisco and Qualcomm who provide IoT services to other businesses are all doing great. Hence, Athero has chosen to anchor it's startup on the blockchain technology and target the Cryptofinance market of Internet Of Things. The project is cored on providing enterprise-grade IoT utilities for organisations and businesses.
As part it's core offering, Athero aims to develop a cryptocurrency exchange to facilitate trading and provide intrinsic value for its platform token (THO) and improve its economy. Athero has the resources to quickly become the largest Cryptofinance company on the blockchain to provide IoT solutions to businesses.
Refer To The Links Below For More Information About Athero
Website: https://athero.io/
Whitepaper: https://athero.io/whitepaper.pdf
Twitter: https://twitter.com/ATHEROtoken
Telegram: https://t.me/atheroTHO
My Connect
Twitter: https://mobile.twitter.com/abdulRa37255144
Telegram: https://t.me/Kryptarion1
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Hi @kryptarion, I come here on the behalf of @crypto.piotr!
Thank you for sharing your insights/news to new blockchain technologies.
It is always cool to stay up to date :)
You are totaly right by mentioning that IOT will become very big in recent years. In my opinion this did not happen so far because companies did not know how to charge money for their services.
By saying that I do not mean the smart home devices, you can buy from the big companies at the moment, I mean the IOT devices comapnies install in their machines, in a business to business solution.
For the coin part, I will definatly have a look at it. Could you explain to me what the advantages are to tangl? - Use one sentence :)
Cheers buddy & keep up the good work,
M
That is In fact part of the issues I highlighted in the post above @mcnestler. The cost of ownership is usually high for B2B solutions. Companies like Intel and Qualcomm provide IoT solutions — chipsets/processors for mobile and PC companies at quite a big price.
I don't know what you mean by this tho
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Sorry, I meant IOTA.
Something I learned today, thank you very much.
internet capturing humanlivings. some good and baxd things with continue
I think the security is the most important part. Other stuff can be slowly improved. But if you screw up your security and somebody get compromising material on you, you are basically screwed for life. That's why I've stayed away from most of these smart home devices. I just don't trust them enough in my personal space.
It's awesome to see a blockchain project jumping in because these things can offer some really security and transparency if something goes wrong and we can even keep the large corporations and even smaller service providers accountable.
You should have made a STEEM Hunt about this.
You are very correct there @d-zero, the security is really very important, and considering that these smart home devices are very close to the users with their basic and most important information. Any hack to these gadgets can be very dangerous.
Lol im sure you have ur reasons, but with careful usage, I'm sure you will be fine. And more now that innovative minds are bringing the transparent, secured and immutable benefits of blockchain to this utility, I believe things will be better.
I did, I put 5 STEEM on this but I guess that is too small or maybe cos I'm still new and people don't know about what I contribute on here yet.
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Wow! Thanks for the heads up buddy. I'm certainly overwhelmed with what I've read in this post about Athero and I will learn further with the links you provided.
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I'm glad you like the post @akomojong. Athero is really a big deal.
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I'm amazed actually! 👍👏💯
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Internet Of Things (IoT) is the rising concept in the modern world, people are constantly looking for comfort and things to help them do their own things.
For me, every time I make a decision on this concept I always reflect very carefully about safety, and blockchain projects like Athero may help to solve some of the major issues that companies face nowadays.
This really look a cool ICO.
IoT is already finding adoption and going to have exploding growth in future and same go true for crypto.
The approach realy look futuristic and clever as they are avoiding competition with big market players.
Yes you are right. IoT is penetrating every sphere if our lives. Thank you @r1s2g3
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Dear @kryptarion,
Thank you for enlightening me on the internet of things. Honestly, I have a lot of fears with this technology (imagine if you got attacked and someone would use that not just for identity theft but for committing crimes like murder?- sorry I watch a lot of criminal minds episodes but, that is possible really). Now, if the key would be encrypted, then the chances of people getting attacked might lessen but hey- the people on the other side are also smart so, they might catch up big time- right?
As for the coin part, I'll try to read more on it and then get back to you. But, I just want to know exactly the detail on where its resources will come from to enable it to be the biggest cryptofinance in the world.
I'm glad you like the post @nurseanne84.
Lol I've seen a couple movies and shows like (#Person_ of _interest) where they represent an advance and very concerning level of hacks on IoT devices. But research is done daily to improve on the level of resistance of gadgets to these attacks. — that is what the encryption of Athero will offer.
Pls I will want to know when you read about about the project, let's hear what further information you 😃
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No worries. I would really do. I am truly interested in all the blockchain related inventions these days. It seems like everyone wanted to put their best foot forward on this.
@nurseanne84 You can always check my blog for daily reviews of the advancements happening in blockchain and cryptocurrency...
I actually started following you the moment I read your post in steem hunt.
Hi @kryptarion,
It was Mr. Piotr's reference that prompted me to visit you.
First of all, let me thank you for enlightening us with the latest news about blockchain technologies.
Regarding your blog post,
Internet is an ultimate boon and at times become a curse!
"Advantage Athero"..... no second thought because of significance of its "immutable protocol" when we take the 1st point into consideration
Smart move, obviously!
Because (there is) no need to clash (with Whales) & easy to cash in through this strategy.
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@marvyinnovation I'm glad you like my past. @crypto.piotr is a good friend. He has been very supportive of people that contribute good contents to steemit community.
And you are right about the Athero, they've picked their strategy right - knowing not to go against the centralised giants, but to pick a very special niche withing the industry.... Cryptofinance!
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Dear @kryptarion
I'm not sure if I already spoke to you about it, but good friend of mine (from steemit) is looking for crypto writers and social media marketers.
Perhaps you or someone you know would be interested in such a position (check out my latest post).
Yours, Piotr
Thank you very much @crypto.piotr. I have submitted an application to your mail. I hope my ability and skill will be enough for you to consider and recommend me. 👍
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Dear @kryptarion
Thx for your kind comment.
I'm sorry for such a late reply. I only realized now that I've missed your previous comment somehow.
ps.
Good fiend of mine posted lately interesting publication: "Bitcoin was NOT in a bubble ...". I got to know him personally and Im doing my best to help him get some exposure and promote his quality work.
Perhaps you could show your support and drop some valuable comment? :) I would appreciate.
Link: https://steemit.com/bitcoin/@majes.tytyty/bitcoin-was-not-in-a-bubble-the-2017-rise-and-the-2018-consolidation-chaos-monitaur-34
Yours
Piotr
I live's building had IoT,
The following electronic devices for all households are linked to the building's computer room:
TV/refrigerator/air-conditioning/network/telephone/electronic water heater/electronic gas stove, etc.
The administrator of the building's computer room will charge according to the data on the ceremonial table, because the cost is cheaper, some projects will be diverted and the cost will be reduced, and some projects will be confluent to reduce expenditure.
Perhaps the building uses Athero, can reduce the number of equipment in the equipment room, because our current building IoT, the equipment in the equipment room is very much...