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IoT Data Needs a Sharing Protocol
IoT devices produce a ton of data, but most of that data gets siloed in proprietary networks and clouds or cast away at the edges of networks even though real secondary and tertiary market opportunities may lie in that data. What we lack is a robust and vendor-neutral data sharing protocol. Inherently decentralized and scalable, peer-2-peer (P2P) networks provide a good blueprint on which to build this data marketplace. Within just two years, Gartner forecasts that we’ll reach 20 billion internet-connected things. They also claim that 95 percent of new technology product designs will have Internet of Things (IoT) capabilities. In each connected device, one or more sensors is logging useful data that could be shared and sold in real time to any number of interested parties. Opening that data to markets is risky, but if done right, it could represent a real opportunity.
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