Probably it’s hard to find a person who haven’t heard about the M2M. But few people think about how all these “things” interact with each other. From light bulbs to kettles, toasters, and cars. In fact, the future has already come: many in-home devices are already connected to the Internet and help automate routine tasks.
According to some companies, the next few years will bring an unprecedented increase in smart devices and they will become even smaller. Thus, electronic components will become smaller, and their computing power will increase and therefore the scope of their application will become wider. Another fast-paced technology is Blockchain, which also gradually enters into the lives of geeks first, and ordinary people after. Another interesting thing is the intersection of Blockchain and M2M, with the total use of the second and the anonymity and reliability of the first.
As an example, you can imagine large supermarkets that are filled with the right products, depending on the preferences of regular visitors. Or, on the other hand, distribution centers for the electricity, oil, natural or shale gas retail. Large vendors could distribute product flows depending on the the market needs and redirect resources to those regions that need it most. Additionally, contracts could be concluded with several contractors at the same time, which could exclude a monopoly on providing such resources with only 1-2 companies in the region. To implement such approach, a large amount of data from different sources is needed, so there may be a joint of two technologies.
In a more realistic and quicker perspective, one can consider the issue of traffic regulation and automatically controlled cars. A common system could transmit data on the speed of both the total flow and a single vehicle, analyze information about traffic light switches. Or, for example, calculate the speed of the car, based on the received data, making corrections for the brand of the individual vehicle and the passengers inside.
Actually, if we talk in general terms, then Blockchain was created to solve such and similar problems. Speaking about the integration of this technology with other modern approaches, it is worth noting M2M (like some anonymous networks that exchange the necessary information), the supply market and the overall economy.
Data exchange and sale
As mentioned above, the intersection of trend approaches in IT can give a great impetus to the development of the world of technology and, as a consequence, the improvement of everyday life. If you imagine that M2M and blockchain will create huge amounts of information, this data will need to be analyzed. Here the machine learning joining the competition, which helps to analyze and distribute details.
Why these data needed and how it can be used? Let’s imagine that every person installs smart lighting, heating systems, and water taps to simplify life. All these devices automate the processes of interaction, reducing the cost of maintenance and accounts. But by the same token, in the process of work, they generate a huge amount of data, for example, about the consumption of water or electricity in a certain area, at certain hours. Or think about all sorts of sensors in cars that show its condition, amount of emissions, fuel consumption, etc.
All this information is of value to various companies that provide certain services – from the food supply to fuel and electricity sales. Anyone who owns such information can easily become a market leader. On the other hand, local authorities can join such an initiative to solve municipal problems, or, for example, insurance companies, to satisfy their interests.
Speaking about data in general, do not forget that some of it may turn out to be personal and it must be depersonalized or be inaccessible either. For these purposes, the blockchain fits as well as possible. From blocking data on bills, insurance or medical indicators, to anonymizing information in the corporate environment. But to fulfill all the conditions, it is also necessary to guarantee the designation also at the device level.
The question is: will such networks be open and what approach will they use? Maybe Blockchain, Globo Protocol, or others? It is worth considering the fact that many IT giants are investing in the development of the technologies described above – Microsoft, Cisco, IBM investing in M2M and Blockchain.
In a few words, today you can see interesting new markets – for example, cars exchanging. Centralization of such approaches can change views on the way of movement and ownership of personal transport. On the other hand, by exposing your car to a similar market, the owner wants to be sure of the reliability of this action and the trust in the customers.
If you give some freedom to smart devices, then after a while, they can rent themselves, thus paying for their maintenance, or making an additional income. From this point of view, the slock.it initiative looks attractive to a wide range of consumers, and Blockchain fits nicely into the overall concept.
Devices selling or buying power from each other
Blockchain is not only the cryptocurrency mining because nobody will get Bitcoin using a refrigerator, right? In the context of this article, it is more a tool to simplify the transactions between customers (whether people or smart devices). Today, Brooklyn’s Transactive Grid offers options for distributing green electricity among several consumers.
Using traditional methods in managing energy supply and paying bills (using banks, cards or cash) this initiative runs the risk of getting stuck in tons of papers and unpaid bills. It makes sense to transfer responsibility to Blockchain. Globo Protocol from SmartWeb Group helps to simplify such tasks. Using a peer-to-peer network, Globo Protocol checks the transactions in response to its inclusion in the chain but does not receive any other rewards.
Such an approach to allocating resources will allow more precise management of municipalities’ infrastructure and do not generate surplus capacity, which will positively affect both the market and the environment. We believe that this is only a matter of time.
M2M is a phenomenon – in fact, smart devices can exist without connecting to the global network: fitness trackers, sneakers, scales and stuff. Thus, any product that can be identified and used for data exchange. It can be also used for the goods and food supply. Especially on a large scale with international transportation, where it is necessary to have a huge number of permits and papers.