Quote: (09-07-2017 03:52 PM)Genghis Khan Wrote:
A lot of these applications can become useless the moment a coalition of the largest electric companies, such as Panasonic, GE, Philips, decide on a set of interoperable standards which doesn't include IOTA. It's reminiscent of the entire VCR/Betamax or Blueray/HD rivalry.
The crucial thing for IOT devices will be support by hardware vendors for devices and the chips, securely running this protocol and wallets for example. As they are raving about sensors and other devices using IOTA, I don't see a need to complicate the current setup of infrastructure (sensors and devices).
If none of those players below, Siemens, ABB..... adopts the protocol or they cook up their own version it will forever remain a paper tiger.
https://www.plantautomation-technology.c...d=noscript
http://www.trendingtopmost.com/worlds-po...t-revenue/
one other thing to consider, the energy cost to run an IOT might be too high. Why do I need redundant billing processes for devices that have the same "customer" 24h 356days a year, it is just a waste of energy and avalanche of junk data created.
The concept has potential, but if they can't find hardware manufacturers to support this, it will falter.
Re-read the prior posts:
"2. There are Ethereum-bases solutions being developed for IoT applications, for example Grid+ from Consensys. LO3 is a startup that's already been implemented microgrids in a partnership with Consensys."
They are in business with Siemens. Private coin on ethereum platform.
https://de.slideshare.net/JohnLilic/transactive-grid
Press-releases:
https://www.siemens.com/press/en/pressre...80emen.htm
https://www.siemens.de/ueberuns/unser-ge...rids.aspx#
https://www.siemens.com/press/pool/de/pr...80EMDE.pdf
https://www.siemens.com/global/en/home/p...phere.html
https://www.siemens.com/innovation/en/ho...stems.html
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