What exactly is Internet of Things (IoT)?

Internet of Things definition and examples

There are few definitions that I can think of when it comes to Internet of Things.

n,Oxford Dictionary (yeap, IoT was added in August 2013) : A proposed development of the Internet in which everyday objects have network connectivity, allowing them to send and receive data.

(Internet of things),Next, wikipedia: uniquely identifiable objects and their virtual representations in an Internet-like structure.

(Internet of Things),Personally, I think the best definition was giving by SAP AG : A world where physical objects are seamlessly integrated into the information network, and where the physical objects can become active participants in business processes.

Services are available to interact with these smart objects over the Internet, query and change their state and any information associated with them, taking into account security and privacy issues.

,nNote: I would also like to highlight that IoT is relatively new and the definition is growing and evolving as I write this.

So, maybe we got to wait and see how people will define it in another 10 years.

This particular info graphics answers all your questions very well: (credit: postscapes-harbor-iot-infographics.

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History of IoT

Iot devices will play a crucial role in future like smarth switches abilities to control whole house ud83cudfe0ud83cudfe0 from a single interface and security

Advantages of IoT

Blockchain is used to validate authenticity of transactions and automate the processes based on the contract terms.

,IoT is mainly used to gather data from data sources.

,Combining those two you get,Authenticity of data collected via IoT device (the data that you can rely on),Automation of the contracts based on the rules decided while creating contracts & tamperproof data collected via IoT.

i.

e.

spend less time in conflict resolution.

,Security of the data collected via IoT devices.

,Granularity in access control for the data collected via IoT & many more.

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,in short, Best of both worlds