Internet of Things

Internet of Things or IoT refers to the interconnected network of sensors, devices, and software that collectively work by exchanging data with one another to get a unified outcome.

Over the years, IoT has expanded its horizon to various use cases including consumer electronics, manufacturing, transportation, healthcare, and other industries. For instance, taking into account a self-driving car with its cameras and LIDAR and radar sensors backed by a superior road infrastructure can offer unprecedented road safety.

Some crypto projects specifically focus on IoTs. One of the most prominent ones includes IOTA which strives to create a blockchain network for fast transactions with zero fees. This would enable IoT devices to not only exchange data but core information within the blockchain.