The new space domain is gaining traction with numerous new projects run by the new space industry leaders like space x, virgin orbit, or blue origin. Space X is building their project Starlink, which goal is to provide the ultra-low latency internet connection. It is meant to happen through dozen satellites positioned on the low earth orbit. It is independent and easy to set up. This, in turn, allows the remote locations to be connected to the world without the copper lines. In this case, the space giant is providing its consumer services. However, most of the new space sector will be created on the components of the giants but by the small, medium, and big companies not directly involved in satellite production.
As the IoT sector is growing the needs for reliable and fast connection are more important than ever in this case the space industry offers a breakthrough. The Maxar company is introducing their solutions to help the remote islands of Indonesia to obtain internet access. Another incredible area of Maxar is their cooperation with NASA on advanced optical communications and enhanced radio frequency architecture. This, in turn, will allow exploration of the new spaces in the solar system.
As the space domain is increasingly more important in the political sense, the exploratory activities have strong political characterization and are international competition. The thing is no different in Europe. Germany, France, Italy, and Sweden have well-established space agencies focused on ensuring geopolitical security by gaining space sovereignty. Thus, in the European region, where national agencies exist alongside the common European agency, there is a clear divide between the geopolitical domain and the business domain where the new space is usable. This, in turn, creates an interesting space where the politics are separated from the business, consequently creating an area where small-medium companies can enter just to make money and not be part of the political game, at least to some extend.
The opportunities that space gives are of great importance for the safety and prosperity of the earth. An example of a very pragmatic usage of the space domain for the earth’s purposes could be the solution that provides the geospatial data from the oil tanks in the middle east to the stock exchange brokers in New York to check if the oil prices are under or overestimated. Another example is the cooperation of NHS and UK’sUK’s agency and ESA to increase healthcare quality by improving the patients reach with telerehabilitation and tele-homecare. Along with the transportable point of care solutions.
We can see that the new space industry is not the niche creating the new business opportunities but the domain where the old niches will thrive.
Olga Malinkiewicz is the person responsible for the recent renaissance of perovskites. This was due to her discovery in 2013 when she detected the new way of applying the perovskites not only on the glass surfaces and that attracted international attention to her discoveries. Today together with her team, she is disrupting the energy sector. The recently opened factory is a sign to the competitors that the change is coming fast.
Perovskites are the minerals discovered by the Russian scientist Gustav Rose in 1839. They are among the most common crystal structures found on the planet. They are responsible for 38% of the planet’s mass. Their presence has also been proved in the structure of other planets.
Perovskites’s have been identified with semiconductor capabilities, and in comparison with silicons, they are characterized with exponentially higher defect tolerance. The fact of adaptability and efficiency is also recognizing their potential.
Development
The technology is currently under intensive investigation aiming to make real-life solutions more reliable and ecological using perovskites. In 2013 in one of such research centers in Spain, Olga Malinkiewicz invented « a revolutionary method to produce solar cells by coating perovskites on flexible foils. This achievement earns her multiple awards and garners international media attention » Before Olga’s discovery, perovskites were only available for use on the glass, and her discovery increased the possibility to apply powerful minerals on a wider scale. This event is the moment when Saule Technologies is born. A year later she forms a team with Piotr Krych and Artur Kupczunas. Just a year later, prominent Japanese investor Hideo Sawada put his money into the project.
The company is getting traction, and the eyes of the publicity are pointed to the team. The series of partnerships shown what perovskites on flexible foils are capable of.
In-house electronic charger
A4 size module is created for the Skanska park in Warsaw
The solar carport
Partnership with Columbus (solar panels distributor)
The fact that Malinkiewicz decided to use the flexible foils made her dicsovery a perfect way to scale the perovskites’ capabilities. An example of a solution possible thanks to the chosen approach is creating a T-shirt that produces the energy and makes it possible to charge the phone just by exposing yourself to the light. The flexible foil of perovskites is implemented in the fabric of the clothes. Similarly, many solutions can be powered by panels thanks using the flexible foil.
The price also plays in favor of perovskite-driven solutions as the solar cells could be just printed in the 3d printing machine and don’t have to be manufactured in complicated processes.
The great advantage that perovskite-based solar panels have over regular solar panels is their lower sensitivity to the change of angles of the absorbed light. Unlike the already known solutions, Saule Technologies identified that panels using their perovskite technology significantly lower side effects when angles of absorbed light change. Moreover, the panels maintain the same efficiency when absorbing both the sunlight and the light from artificial sources.
What is missing for the technology is the way to make the panels less degradable. The battery in an average phone is degradable after 50 years, and the perovskite technology charging the phone would become degradable after a couple of months.
Nonetheless, among the already established use cases, there are solar sunblinds, photovoltaic glass, bus stations, car parks, price tags. What is very promising about the technology is its scalability and palette of potential applications.
Future
Saule Tech. has a great journey ahead and is now in a crucial phase where the competition is trying to take over its leading place. Mrs. Olga indicates that it is not time to relax but to increase the speed of development. Crucial decisions about the place of building the next factory are about to happen. The team underlines that the place will be chosen based on the needs of local economies. Mr. Hideo Sawada announced the willingness to create the next factories in Japan, where the government expressed interest in supporting Saule’s venture. These facts show the management board’s geopolitical awareness and pragmatic thinking.
It is a concept that puts one’s health at the center of day-to-day activities.
Lifestyle For an average European, the most iconic is an Italian lifestyle where you drink espresso and smoke a cigarette while vividly talking to your comrades. However, each country or even region got some original lifestyle, a mixture of various influences. All of them have a central point around which all of the other activities are orbiting. For thousands of years, it was food. Growing it, preparing, eating, and the loop goes on. The prioritization applied by our ancestors was smart and reasonable. However, in the 21st century, in most developing and developed countries, food is no longer a central point.
Medicine We are full, we are warm, and we are sick. Not even to mention the last case of increased virus infections worldwide. In short chronic diseases are the plague of modern societies. Earlier mentioned central point of life has turned to one’s health management. People live longer does not necessarily mean that people are, on average, more satisfied with their lives. On the one hand, medicine increased life expectancy by applying advanced treatment methods to fight the disease. On the other hand, improving quality of life after diagnosis was not a case of medical research, and a similar situation happened to preventive medicine.
Lifestyle Medicine Here is where lifestyle medicine enters as the bridge between lifestyle and disease treatment. It focuses on preventing diseases and fast reactions to any early symptoms. It consists of the four pillars: stress management, physical activity, relationships, nutrition.
The concept is relatively new both among the patients and health care professionals. However, there already exists an American College of Lifestyle Medicine, which is primarily an educational organization. Web analytics indicate that it is the most viewed one in this matter. It plays the central role of medical lifestyle topics on the web, with 10 thousand visitors a month. As we can see, the statistics for ACLM are impressive considering its yet short existence. The area that lifestyle medicine touches upon is yet to discover and learn more. “All of the diseases we worry about in our patients, ourselves or family members result from lifestyle-related behaviors that we often don’t talk about” says Sarah Keyes, a certified lifestyle medicine professional at Baylor College of Medicine.
The role of LM in chronic disease prevention and treatment is promising as “Lifestyle medicine approaches medical care of chronic non-communicable diseases from a new dimension,” says Dr. Vernes, who sees a big future in LM as a key to the patient-centric relationship between patients and doctors.
Lifestyle medicine is the concept present for decades and already know as the so-called healthy lifestyle. Hence, it is not new, but it has scientific support this time. Its wide adoption is in the good interest of many sides. Governments see it as a key to a healthy population, which will live long enough to fulfill tax-based strategies. Pharmaceutical corporations support the trend and already establish grants for studies in this area. All that seems like a very slow-growing turning point, which will change healthcare for the better.
How do you treat yourself today affects how you will feel in 30 years. Nothing to say that most people have a short-term perspective on their health conditions. Even though the lifestyle of many individuals has changed, the overall pattern in human behavior remains the same: People do not respect their health when being young and pay the price as they age. The anomaly that is present today is the growing efficiency of medicine. As a result, people who would die because of the sins of the past are living longer, however, with a lower quality of life.
Civilization
Factors called civilizational are those related to the daily routine of people in western civilization. Means of transport, house heating, eating habits, etc. it all is made in a certain way and leaves some traces which are affecting the quality of air, amount of physical activity or bones condition. This in turn brings new susceptibilities to diseases
Economy
The 21st century is a time of changes provoked by the 4th industrial revolution along with changes in US world hegemony. We can see that the old scheme where the value-chains ended in the western world and started somewhere in Asia is just ending. Globalization was the reason for flourishing decades for western economies where companies like Apple revolutionized the whole world. Globalization is also the reason for decreasing power of the USA. As the factories have been moved outside the US and Europe with all their know-how and organizational intelligence Asia started to gain potential. Moreover, social media shown people all around the world, how it is to live in rich countries, the new limits have been surpassed. The global economy based on old solutions and hard exploitation of raw materials ran in not environmentally friendly ways, compiled with rising social aspirations of people all around the world was just too much for our planet.
Society
Changes in economy and society are interrelated, henceforth, social tension rises significantly. For decades social structures were fluctuating, however, recently we can see a peaking moment where all around the world, everybody feels somehow unfair. The reason for that is huge gaps between past, present, and future.
On the one hand, there are philosophical tendencies that are focused on the future and believe in constant progress. This helps build new technologies, pushes the world forward, and gives unlimited opportunities. However, it raises more questions than it answers. People who are living by the promise of the future are struggling to appreciate the present, which results in e.g. mindfulness movements being only ad hoc solutions to the problem. Lack of deepness causes many existential problems and the rise of societal nihilism -> mental problems.
On the other hand, we have religions. To understand the catholic’s church attitude towards science and technology, we have to read Saint Thomas Aquinas from the 13th century (more than 700 years ago!). Even if the text is actual it is written in an old-fashioned manner and reaches a narrow audience. This in turn causes a deep conflict between faith in God (the mystery of existence) and Science.
It must be pointed that it is not only about religion which is a civilizational development just like science, however younger. Instead, it is about the deepness (the meaning of existence) that comes from being aware of The Mystery, that comes with religion.
This situation causes a conflict where well-educated people yet without an intellectual ethos are being denied by their religiosity and are not being offered anything in turn. This contradiction causes struggling with fundamentals like self-appreciation, fulfillment, or setting up a family.
How is healthcare changing?
Speed
Ancient Chinese doctors were equipped with an incredible skill of telling peoples’ medical conditions just by looking at their faces. Such a fast diagnosis system was a very efficient way to increase treatment capacities.
Today, instead of Chinese doctors we have phones with cameras and AI algorithms allowing facial recognition. An app called Face2Gene is not helping with the instant diagnosis of common health problems, instead, the solution is helping healthcare professionals detect the phenotype to diagnose patients faster and more accurately. It allows for the detection and classification of genetic diseases which otherwise would not be possible.
Decentralization
One of the major concepts of the medicine of the 21st century is the decentralization of health care and the decompression of the Physician role. It means that everybody will need to take care of themselves and will be responsible for observing any alarming symptoms just like they remember to brush the teeth every day.
However, as brushing teeth is a relatively simple activity identifying alarming symptoms requires academic knowledge and can’t be done so easily. Or it can?
The concept is being partially used in real life by the company called healthy.io which provides users with remote testing. For now, there are available:
Prenatal tests
Kidney testing solutions
UTI tests
Wound management solution
Availability
The growing amount of chronically ill people is a challenge, but also an opportunity for rare diseases to be identified and medical recommendations to be more accurate. In order for that to happen there are 2 components needed:
1. Collecting patients’ data
2. Sharing and processing of this data
Today’s internet is partially solving the second problem, however, the process of collecting data remains relatively untouched.
Dexcom is a company that has created a glucose monitoring system for diabetes. The tool is equipped with advanced analytics processing the data, smartphone integration, and glucose rising trends.
Since the glucometer is connected to the smartphone and unique for each user it gives tremendous opportunities for identifying certain symptoms with a concrete characteristic of the user. This in turn gives an opportunity for bigger precision of medical recommendations for future patients.
With the increasing popularity of 5G and Medical IoT solutions that will track human performance on many verticals, the amount of data obtained in such a way will be increasing.
Since this is a topic of a very sensitive nature and needs to be implemented very carefully, a lot of research still needs to be done. The initiative that is bringing the world closer to high-quality health care is Novartis’s grant program for startups and research institutes focusing on increasing the quality of patient-doctor relationships.
Around 50 years ago it happened to be clear that the world will never be the same place again. The internet revolution has started. Today, we are continuing that process and the pace of changes is only increasing. Overall trends show that the differences between technological domains are blurring to answer the demand of modern society. The result of that is the birth of IoT applications in various domains, both on the specialized and mass market.
This in turn gives tremendous business and career opportunities for all types of specialists from various domains, because:
There is no smart city without smart sensors.
Smart sensors need an embedded AI.
Embedded AI requires data scientists.
This short scene shows the mechanism on how different technologies (in this case AI) are intertwined with the IoT. Unfortunately, this causes a high degree of uncertainty and is making business/career decisions more complex. In order to act wisely, you need a good understanding of the roots of these technologies.
Internet of Things (IoT)
As you probably might guess the Internet of things is a concept that is a little mixed up. So, I would like to divide it into two components: the internet & the things to introduce it that way.
Internet
Firstly, we need to look at the very basics and acknowledge that the existence of our universe is possible thanks to the 4 fundamental forces of nature: Gravity, The weak force, Electromagnetism, and The strong force.
For us, the most important is Electromagnetism, which throughout the past centuries we were trying to tame and benefit from. It was pretty unsuccessful, until the 19th century when we started to process the energy in more sophisticated ways.
At that time we uncover the potential of radio frequencies and made developments like electric light, transformer, wireless communication, etc.
If you are familiar with the early history of the internet you probably recognize the name ARPANET, which was a military program developed to connect the university centers in the United States. The next step was the creation of Internet Protocol (IP), soon after that the 1G cellular system was born and the rest of the story you know.
Things
As you can see the Internet was initially created to connect specialized machines with at least a bit of computing power such as computers and in the later steps mobile devices. On the other hand, back in the ’70s, there were initial applications of machine-to-machine communication (M2M).
You might ask, how is today’s IoT different, from what it was in the past?
A great answer to this question is a quote by iotforall:
„The biggest difference between M2M and IoT is that an M2M system uses point-to-point communication. An IoT system, meanwhile, typically situates its devices within a global cloud network that allows larger-scale integration and more sophisticated applications. Scalability is another key difference between M2M and IoT. „
Let’s quickly visualize the power of IoT in practice.
Giving the example of healthcare true flawless experience might look like that: mattresses monitoring your sleep, chairs monitoring your posture, various medical devices testing your condition, microphones collecting the data about your cough to monitor lungs conditions, etc. This in turn shows that we need billions of more connections than we have today and it only is possible with the new generation of telecommunication architecture.
5G, 6G
The answer to this demand is an improved technology of the 5th generation (5G) of cellular communication protocols, rules, and methodologies issued by IEEE (Institute of Electrical and Electronics Engineers)
It is mainly focused on:
The wide availability of the signal (enhanced mobile broadband)
Significantly decreased latency compared to 4th generation technology, especially useful for applications requiring critical reliability e.g. remote surgical operations
Enhanced machine to machine communication up to 1 mln devices per 1 square kilometer
Technology still faces many challenges both in engineering and societal aspects. As you can see many challenges addressed by the IoT advocates are not going to be solved with the rise of 5G architecture. Cellular of the fifth generation might soon become outdated and that is why various R&D departments are already working on the 6G.
It is projected that the next few decades are going to be a constant transition process between new generations of cellular technology. Henceforth, it is obvious that 4G, 5G, 6G will overlap it selves and it would be hard to talk about one of them individually in terms of predictions. That is why I would like to describe more in detail the future potential business opportunities as the result of these three.
It is projected that by 2030 the overall telecommunication advancements will allow:
Transfer of senses like smell
I would like to disclaim that this is going to be my private observation, that with the rise of political trends and ideas to give every person a salary from the first day of birth, this will have hundreds of results (not rating good/bad) and one of them will be the increasing boredom. The rise of all sorts of gaming apps using this feature is just a marvelous way to create new experiences and disrupt the entertainment sector.
Inch perfect localization services
Space! The answer to an unbreakable internet connection all around the world. Satellite-based internet is a huge opportunity to enter growing markets like e.g. Nigeria. Many of the services that Google wanted to provide to this country failed due to low internet connection. In the next decade, it will change for the better. It is worth to mention almost everybody in Nigeria is a smartphone user.
Another aspect is the production and management of the data gathered throughout the satellites. Geospatial analytics is a great source of knowledge e.g. ability to measure the amount of gasoline in Saudi Arabian Oil Tanks and send this data to the NYC stock exchange to see how is the relation of stock prices to the real demand.
Not to mention GPS advancements that will make navigating, targeting, etc. more efficient.
How to benefit from it?
I hope that now, you have just a bit broader sense of how it all will be in the future and that now we are just starting.
Huge problems usually are followed by huge earnings if solved. Here is the list of problems and few interdependencies that might help build your future business model/career.
Problems:
Connectivity — discovering the ways to establish a reliable wireless connection. As we already know, the connection is just a radio wave of a certain frequency, hence it can be modulated. This modulation could be „smart” in the future thanks to Deep Learning and Machine Learning.
Continuity — optimizing the battery life. How to predict long-term battery life by analyzing data from charge-discharge cycles?
Compliance — be up to date with evolving regulations. As AI is improving financial services compliance, it has a significant potential for smart management of constantly changing regulations.
Coexistence — billions of devices per km2 means billions of data that need to be processed. Smart sensors with embedded AI is a crucial element of industry 4.0
Cybersecurity — a secure connection is the most important part of IoT. Which technology will make it possible? Blockchain IoT has a projected 45% CAGR, what will be the successor of NFC (near-field-connection)? Many questions little answers = good business opportunity.
Interdependencies:
The transformation process will not happen overnight, 5G is very different from 2,3,4G because it is now when the Industrial revolution will be possible. Adding a coronavirus and the tendencies to move industry production from China back to Europe all give opportunities for businesses focusing on adapting Europe’s industry to new circumstances. All solutions connecting the old infrastructure with the new technologies are going to be crucial.
In the IoT world embedded AI will be used very often and a certain degree of independence requires applied algorithms to be reliable. To do that the algorithms will have to be certified. If you like law and science maybe such a research center is a good career choice.
As space will be a fundamental part of IoT systems and you would have an opportunity to work in a NewSpace company it is highly possible that you will benefit financially and you will have long-term stable employment.
TLTR
Motion is everything. We are entering a time when the motion of people, cars, ships, etc. will be tracked and the data produced this way will be the new oil of our century. To benefit from it, you need to solve some issues named as 5 C’s of IoT and follow the newest media coverage about Industry 4.0 and the space race.
„Blockchain can do for business the same what internet did for communication”
The general purpose why we want to use blockchain solutions is that we want a fair trading. We want fair interactions without any „guys” between. First example we have faced was blockchain in currency system in a form of bitcoin. Later on, the ethereum was on the horizon with it’s concept of „decentralizing everything”.
Next years was a time when people started to speculate on bitcoin and everything became so famous. Geeks all around the world started to create their own platforms based on blockchain and ensuring this one is going to be another phenomen just like bitcoin was. Of course non of launched solutions didn’t become as popular as bitcoin.
Next years of blockchain revolution were focusing on it’s implementation in daily usage and this trend lasts till now. In order to make it widely available for the average user it must be implemented in the small-medium bussines sector. Such an implementation is possible only if, this technology is accesible and potentialy easy to learn for everyone. Make it understable nad implementable by average owner of the business is what emphasises the key point.
Solution that can potentialy familiarize creating blockchain with wider audience is Hyperledger.
Hyperledger is a platform hosted by The Linux Foundation and constantly improving by innovators from all around the globe in areas of finance, banking, healthcare, IOT, supply chain, manufacturing and technology.
It is challenging to explain what exactly hyperledger is casue it is a platform which consits of many projects that can be defferenciate into two groups of frameworks and tools.
Hyperledger projects are so special, because they allow you to implement blockchain to your organization in much easier way, than any pevious solution.
Before, we talk a bit more about certain projects, I want you to know that their main site is full of treasury information. There are tables with e.g. community section where you can learn the basics about hyperledger, join a meetup with members or even become a coder in one of their projects. In resources table you can find webinars, videos, trainings , tutorials on how to use it.
This video shows main projects run on hyperledger platform.
I think it is just worth to familiarize with hyperledger especially, if that is a solution with a great potential to become widely available and usefull in day to day business.
This idea for business, came from problems which we are facing as a human. First is rapid growth of human population from 7 billion today to 9,2 billion by 2050. Those people need a place to live in, especially when biggest growth is expected in biggest cities. Another very important factor is growing frequency of floods or hurricanes caused by global warming. Of course we have to prevent against climate changes but sometimes it is too late. In the countries touched by natural disaster, everyone wants to go back to normal live and house as soon as possible. Unfortunately, it is usually impossible to do it instantly because of lack of money and time to build new houses.
Contour crafting might be a good solution for those problems.
It is much cheaper than the traditional building process. Company didn’t declare concrete value. Reason why it really could be cheaper than traditional is that hole process Is manage by computer, and quantities of wasted materials are significantly smaller. Process is not totally human free, but still part where human is needed is small. This generates savings.
Here is an example of printing house process by company Apis Cor.
House from the movie was printed in 24 hours, in case of contour craf it would be around 45 minutes. Unfortunately, they have awful movies of construction process so, there are only pictures:
This process can be also implemented to building factories, buildings of public use, etc. this is especially important in developing countries. I am not sure about creating houses like that, for a big scale. In my opinion residentials made this method would be very tedious. However, I do really appreciate what they are doing, if it could help most needy people. For sure this also shows clearly, which way building sector will develop in future.
At first I would like to introduce a bit how does it work. It is a train placed in low pressure tube, moving with incredible speed. Here is a film that explains main features of this technology:
Alright we know more-less about the technology, but does this really need a tube to work, instead of tracks that super fast trains are using at speed of 430 km/h ? Yes. If it comes to speed around 1000 km/h ( final aspiration of hyperloop), it is necessary.
Retorical question – Why do you think planes are flying at the average height of 10 kilometers.
Yes! You have a good intuition, there the air has much lower density and it is easier for plane to go through it.
Now, if you want to go with similar speed as plane, but closer to the ground you need similar conditions. That’s way they are using tubes with lower pressure.
The way how hyperloop can increase the comfort of travelling is enormous. Can you imagine travelling from Warsaw to Poznan in 20 minutes? To be honest, I can not imagine such a speed. Here is a map of potential routes, that Hyperloop Poland suggested.
Unfortunately, chances that such a map would became a reality In the closest future is rather small. It is because hyperloop technology requires a huge amounts of money. First place where hyperloop can became a something real is middle east, where sheikhs are truly interested in this idea and ready to invest. Second such a place is of course US where have placed a competitions by SpaceX of hyperloop teams projects from countries all around the globe. The film you have watched at the begging comes from US team ,,HyperOne”.
Therefore Polish team offers step by step solution of implementing hyperloop’s technologies into Polish and generally European reality. It is mainly about renewal existing trucks, and it’s modernization into pre-hyperloop tubes. Such approach has real chance to became true, that’s why even polish government has started to look at the idea of hyperloopization of Poland.
In my opinion those guys got really great ideas and I am really cheering up this team. I like their approach of small steps and here I would like to present you a project of hyperloop poland’s station, in a long term perspective.
Reading Time: 3minutesMy last post was about Internet of things, now I would like to continue in related topic. First thing what is Iota?
As it’s written on their own site, this is ledger that is being built to power future of internet of things. Well, this is nothing but, transactional settlement and data transfer layer. It depends on “tangle” system, and has some similarities and differences from blockchain. It offers new way of making transactions in decentralized paying system.
In last post I’ve mentioned about smart cities, it sounds perfect but is impossible without new way of fast payments. That’s actually where iota wants to conquer against bitcoin and where, we find biggest differences. Blockchain currencies(ex. Bitcoin)usually, reach transactional price > 40$ . In smart cities most of the transactions are between internet-connected devices, those are the nanotransactions and reaches below 40$. Such payments needs to happen immediately. But first, let’s make a quick reminder what the bitcoin is and we will compare it to iota.
In bitcoin [blockchain technology] transactions are verified by miners, who found proper algorithm of numbers. But It requires big computing power, and becoming more and more problematic. Blockchain technology is getting slower, when more transactions are made. It is a free process.
In iota [tangle technology] transaction creator require two last transactions to approve current one. This all happens in network that is getting bigger after each transaction and more safety. It doesn’t require any miners, and not that much computing power. If in the net there are more transactions, it gets faster. In this case more users means, more connections and more fluent working. This is why we can regard iota better than bitcoin.It is also free.
Iota discovered their own cryptographic hash function something like “ security system”, unfortunately they made few mistakes. Different inputs were hashing to the same output. This sounds like a primary school mistake, it was coders fault. Nobody is perfect, and certainly there aren’t perfect solutions, this is an example that rolling your own currency always brings a risk ?. However, their history isn’t that optimistic from the organisational side, the idea and technological aspect are fascinating and bring a lot positive hopes for the future. So I would like to say a little more about same tangle.
This looks quite like that:
I read at the web site of iota that it is possible to store information within Tangle transactions, or even spread larger amounts of information in wide bounds or during linked transactions. I can assume my admiration by the words:
“The more activity in ‘the Tangle’, the faster transactions can be confirmed.” – this is the tag line of what decentralized payment system is .
I don’t think that iota is going to be the currency of the future, but it doesn’t mean the direction they are aiming is wrong. In my opinion for next decade as the market of IOT( internet of things) will develop, the ideas as iota will gain more and more popularity. Maybe it is not time to invest in this concrete case, but it is worth to be aware of such a opportunity.
Reading Time: 2minutesInternet was created for people to develop skills, entertain, and many other activities over the time. We created YouTube, Facebook, a lot of sites and it gave us an opportunity to communicate with people all around the globe. We built international network. Today this is called internet of people , or just an internet.
Now it’s time for internet of things, which means that objects can communicate with each other, using the same mechanism of building network as people do on the traditional internet.
Imagine bed with microchips, that are reading the talk of your body. Afterwards they are checking your orthopaedic condition, and actualized shape of mattress in your bed. Just to make you comfortable and healthy. Morning ritual is starting with relaxing massage which is turning into terrible vibes so you have to wake up at 7.00 AM. Whenever you want it or not, you are never late.
Alright sounds nice but, how my bed can gain an information about my orthopaedic health and what hour should I wake up?
It is all about interactions between objects:
In the first case bed is gaining information about health from data bases in hospital ( or any other place where you have put it). Than the mechanisms in bad are making an appropriate change of the shape of mattress.
In the second case you are putting an alarm in your phone. At certain hour phone is sending a signal to bed that is the time to wake up. Afterwards the process of waking you up is starting.
This chain of interactions is almost unlimited. Having a phone as a center of daily activities, morning routine can also looks like this:
Your bed is waking you up, the temperature in your room is changing, if it’s grey outside light of the lamp is turning on. In the kitchen you can hear the sounds of your morning coffee. In my opinion this is fascinating, because it’s a huge step in the direction of real intelligent houses or even smart cities
This is also very serious thought in business case. Companies like: IBM, Google, Samsung, Cisco are constantly investing in this technological aspect. Apart from improving daily life level, the biggest firms in the world invests in IOT because, it can significantly increase efficiency in every manufacturing sector.
Interest of IOT is still growing, so I think that reality of life as described above is going to be a norm sooner than most of as expect.
