A wealth of data measured by sensors across equipment, will revolutionise each and every industry overnight.
The Internet has allowed us to find, use and pay for digital content (books, music, films, etc.) instantaneously, and the public has become increasingly comfortable doing so. But the Internet of Things provides us with the ability to find, use and pay for physical items.
Driven by mobile and social networks, demand will release supply that was previously constrained in the rapidly expanding peer-to-peer economies.
Money will now flow in areas that it has never been able to before.
Entities that live on the internet and exist autonomously, but rely on hiring individuals to perform certain tasks that the automaton itself cannot do.
Objects are dynamic systems that relate to the world under conditions of operational closure; humans are simply one variant of objects.
We see a future of useful interactions with Web-enabled things and finding the meaningful data that exists all around us.
information in our hyperconnected reality is ambient and all pervasive, creating infospheres streaming into each other.
Bitcoin is not just an alternative to stuff we already know and do, it is an enabler of things we have never considered. The use of blockchain technology reduces friction in a vast array of processes by removing the middlemen necessary in current models.
Immersive virtual worlds accessed through devices like the Oculus Rift will have bitcoin-based economies, meaning there will be no bright dividing lines between where these virtual economies end and the real world economy begins.
Synthetic versions of assets will be traded on the blockchain, reducing default risk, increasing transparency, providing universal access to financial instruments, and dramatically reducing the cost of doing business globally.
The blockchain will reduce the friction of share issuance and ownership, allowing us to be stakeholders in entities, large and small, that we care about and contribute to. Shared usage of “things” - cars, computers, living space - will accelerate when the objects themselves become self-sustaining economic units.
All of our assets, not just our savings, will be connected to a financial grid, earning us a return commensurate with their utilization. Our world is being transformed by smart machines that can see, hear, move, communicate and sense in unprecedented ways.
Software that allows devices to communicate and then authenticate instructions based on real-time data that is being pulled from the blockchain combined with multisig and additional opt-in signatures to attach identity, these types of contracts will be completely transparent and automated.