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It’s been 20 years that the Internet has entered into our lives. In today’s date, we have more than 2 billion users accessing the internet through various technological equipments not only on desktops, laptops, smart phones and tablets but also through everyday devices such as cars, lights, TV, thermostats, etc. Most electrical devices are now attached and controlled via the internet. These devices are “things” in the term commonly used, “internet of things”.
Origin and Meaning of Internet of Things
Kevin Ashton, digital innovation expert coined the term ‘Internet of Things’ or ‘IoT’ as, “If we had computers that knew everything there was to know about things—using data they gathered without any help from us—we would be able to track and count everything, and greatly reduce waste, loss and cost. We would know when things needed replacing, repairing or recalling, and whether they were fresh or past their best.”
The Bitcoin fever has been spreading like wild fire throughout the world. Everyone wants to make some easy money by investing in this crypto currency. Bitcoin works on the blockchain technology. Blockchain was originally created to support the Bitcoin but soon the tech community has started using this technology for other purposes.
Blockchain is the brainchild of a person or a group of people known by the name of Satoshi Nakamoto. In 2017, the global blockchain technology market is predicted to reach 339.5 million U.S. dollars in size and is forecast to grow to 2.3 billion U.S. dollars by 2021.