Cisco – Patent Application for Blockchain, IoT Integration

Cisco has recently filed a U.S. patent application for an invention that it describes as a, “Block Chain Based IoT [Internet of Things] Device Identity Verification and Anomaly Detection.”

The concept has to do with enabling a blockchain-based system that could record changes to the conditions affecting and captured by sensors (i.e., smart objects) in a network and instrumentalize network relationships and the data that the network generates in order to exercise control over those nodes.

The application lists “the smart grid, smart cities, and building and industrial automation” among the types of Low-Power and Lossy Networks (LLNs) that might operate more efficiently with the integration of the invention. The smart objects/sensors that could, at least partially, comprise these networks include “lights, appliances, vehicles, HVAC (heating, ventilating, and air-conditioning), windows and window shades and blinds, doors, [and] locks,” as well as actuators – automated devices that can, for instance, start an engine.

Most Active Smart Home Investors

CB Insights recently ranked the most active investors into unique smart home technology companies since 2012, including venture capital and corporate venture investors.

They define the smart home category as companies producing consumer-facing products that replace or augment existing home products such as appliances. These products must connect to a smartphone or the internet, or integrate sensors and digital interfaces. Continue reading “Most Active Smart Home Investors”

Primary Drivers of IoT Initiatives Vary By Sector

Despite the distinct types of IoT initiatives within each industry, just about everybody shares the same overarching goal: staying innovative and competitive. But it’s important to take a more specific look at what is driving IoT initiatives, what benefits are being captured, and some of the unanticipated advantages that arise after implementation. Continue reading “Primary Drivers of IoT Initiatives Vary By Sector”

Tax Implications of the New IoT Business Models

Even as companies race to invest in IoT-enabled capabilities and offerings, many are still struggling to build a robust and profitable business case for them and one issue that looms large is that the tax aspects are generally not being included in the IoT value equation that drives decision-making – a potentially huge mistake. Continue reading “Tax Implications of the New IoT Business Models”