The latest move by tech players Cisco Systems, Bosch Ltd, Foxconn Technology, and Gemalto to use blockchain to secure and improve IoT provides added momentum to this technology path. They have engaged with blockchain startups Consensus Systems, BitSE and Chronicled Inc to develop a shared blockchain protocol. Around 40 banks are already members of a blockchain consortium run by startup R3 CEV and IBM and Hitachi are part of a consortium led by the Linux Foundation.
DEALS OF NOTE
The $23 billion merger of Vodafone India with fellow Indian mobile carrier Idea Cellular creates the largest telecom in the world's second largest mobile market. They will compete with current leader Bharti Airtel and Reliance Communications, owned by Indian tycoon Mukesh Ambani who has been spending big to build out a network. The added competition will also drive down cost of cellular-based IoT service.
Australia-based Fleet had a $3.8 million Series A round as it gears up to build a network of nano satellites to service IoT. The company was co-founded by Flavia Tata Nardin, an Italian-born space scientist who cut her chops working for the European Space Agency. One of the investors is Atlassian cofounder Mike Cannon-Brookes who believes the company can help bring multiple devices and technologies together "to work as one."
CHART OF THE DAY
Gartner's Hype Cycle chart below is being trotted out more frequently now among technology investors as everyone tries to figure out where a particular product or service is at in the cycle. Clearly you don't want to be investing into anything on the downside of the "Peak of Inflated Expectations." Most believe IoT is well and truly in the "Trough of Disillusionment" looking for a way up to the "Plateau of Productivity." We believe that plateau will be reached more quickly in certain market segments where there are larger data "black holes" and the value of new real-time data is greatest. Stay tuned to future IoT Insider editions to learn more...
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