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.
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.
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
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