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The internet of things is coming! This is not a hype the increase numbers of internet connected devices are increasing every day. Businesses have jumped into opportunities the new market brings and have started manufacturing devices that will connect with the internet of things. The market for the devices is approximate $2 trillion in a global scale which will be supported by 25 billion connected devices set to be in the market by 2020.
These figures are not to be ignored, the internet of things is a technological revolution that will revolutionize the economic aspects of businesses enabling them to interact in order to optimize the processes of their supply chain, security, manufacturing among others.
(Video Source: Youtube - How It Works: Internet of Things )In preparation of the internet of things, projects such as AnyLedger are a game changer in the industry and the projects aims and is working towards providing a platform for the internet of things to connect and interact with each other, the platform will be powered by artificial intelligence and blockchain technology allowing the IoT devices to transact financially, through smart contracts that process the transactions automatically. AnyLedger platform will also allow IoT devices to communicate and collaborate.
AnyLedger.
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Any ledger is a decentralized platform that will connect IoT devices allowing them to communicate, collaborate and financial transact in an autonomous process through smart contracts. The project is community controlled and to enable the communal collaborations the project has tokenized its economy with ENE Tokens allowing developers to be compensated for their efforts. The IoT is a large market with a lot of devices, this means community collaborations and management is a good business model and that is why I believe Anyledger has a good start by making their business model welcoming – most of the tokens will be reserved to the community towards improvement of the platform and getting more devices integrated with AnyLedger platform.
IoT and AnyLedger Blockchain.
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AnyLedger is building a blockchain that will allow business to build their application layers on top of the blockchain and benefit from the tools provided by the platform, this will make it easy for IoT devices to connect, collaborate and transact financially in a global scale. There is a competitive advantage that AnyLedger has compared to other platform in that the platform is open source and decentralized allowing businesses to have control of their data.
AnyLdeger will make it easier for businesses to build specialized application layers on top of the platform, the tools provided will make it easier for companies to integrate and this will reduce the costs of IoT integration and collaboration where the core blockchain is already made available. This will also allow businesses without enough resources take advantage of the resources made available for them.
AnyLedger blockchain is decentralized and monitored by the open source community, this guarantees security to the core applications which will be in constant improvement through developer incentivized business model and cryptography technology.
AnyLedger features.
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AnyLedger platform has an embedded wallet that will allow global financial transction and storage of finances, the wallet is embedded on the blockchain and connected on IoT devices, the wallet is secured by ARM TrustZone and will be in constant upgrades through over the air updates making it easier for IoT devices to update.
Business will also benefit from blockchain Intergrations through blockchain gateways that allows applications layers from businesses ecosystem communicate with other blockchains through secured MQTT and CoAP secured channels.
AnyLedger blockchain will also allow businesses store their data is a distributed ledger technology secured by blockchain technology allowing only authorized parties can access the data from your IoT devices.
The most amazing feature of AnyLedger is the ability of several IoT devices to be managed in the platform through an intuitive dashboard that is powered by smart contracts, businesses with Multiple IoT devices will be able to manage all of them in one platform.
Applicability of AnyLedger in the IoT business environment.
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Anyledger will be very beneficial in the supply chain management environment, business will be able to optimize their operations through distributed ledger technology allowing records and transactions to be stored in a secure database. Businesses will be able to monitor their supply chain transactions in real-time.
Businesses will be able to reduce the costs of global financial transactions thanks to AnyLedger tokenized economy, IoT devices are said to be able to communicate with each other and the best business model for this kind of interactions and collaborations is through a decentralized environment that taps the global data of connected devices in order to help devices optimize their operations. Centralized platforms are highly controlled and commercialized and businesses will find this route costly and limited, AnyLedger decentralized and open source business model will give an unlimited access and control of business operations and give the control to its users.
Business with multiple devices connected in the IoT environment will be able to communicate with each other, the blockchain promises instant communication without third party interferences, this feature will occur automatically and the smart contracts feature of the blockchain will allow autonomous financial transactions to be processes in a secure and cost-effective process between IoT devices.
AnyLedger technology used the power of smart contracts and the open source community monitoring to ensure the security of the platform is maintained and monitored. Stability of blockchains is very important when it comes to business environments and the security of AnyLedger technology provide stability for businesses in the IoT environment to grow and thrive in a secure Environnement.
Conclusions.
I believe in the internet of things, and I can't wait for the revolution to be fully adopted, AnyLedger is one of the projects that will have a wide use cases because all this IoT devices require a platform to communicate and be able to transact financially in an autonomous process. If you would like to learn more about AnyLedger I have included the website links, draft whitepaper and social media pages in the reference sections below.
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References.
Website: http://www.anyledger.io/
Whitepaper: http://www.anyledger.io/#whitepaper
Ann Thread: https://bitcointalk.org/index.php?topic=4771404.msg43091035#msg43091035
Facebook: https://www.facebook.com/anyledger/
Twitter: https://twitter.com/anyledgerio
Telegram: https://t.me/anyledger_announcements
Github: https://github.com/AnyLedger/
Author: jamesndungu1
BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1856049
@jamesndungu What's guarantee that it will be secure enough ?
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Hello @talktoumer AnyLedger is secure because of the technology behinds its platform, It offers encryption and validation of data transmitted by IoT devices, businesses building on top of AnyLedger technology will be able to build their private application networks on top of Anyledger core and finally the decentralized nature of the platform ensures the data is cross checked by the whole network making it hard to alter any data without being noticed.
You can also find more information about TEE Technology embedded on the wallet on AnyLedger technical whitepaper http://www.anyledger.io/whitepaperAnyLedger.pdf
Nice article :) Well done