IoT + blockchains. No ICOs Yet...?
Because of the current ICO frenzy, one may be led to believe that ANY project involving blockchains (especially Ethereum) has virtually the same chance to get funded, as investors are just rushing to throw money at anything that smells like a blockchain...
And yet...professional investors are somehow waiting for a Holy Grail project still to be uncovered!
The fashionable word to describe this is "blockchain-enabled convergence". It is widely felt that the killer app for blockchain technology (or DLT) will result from a strong synergy between DT and one (or more) of these:
- Artificial Intelligence (AI)
- The Internet of Things (IoT)
- Autonomous Robotics (Drones & Autonomous Vehicles)
- Virtual Reality (VR) & Augmented Reality (AR)
- 3D Printing
People at Outlier Ventures are strongly advocating this belief, and they are probably right.
In particular, everybody is waiting for a good DLT+IoT project to run an ICO.
On paper, the IoT arena yields a few strong use cases for DLT (for a review, see here) and there are a few companies out there which are setting forth a convincing business case.
Leaving aside IBM's Watson platform (they certainly don't need an ICO), you have 21.co which offers to monetize IoT sensor data through a pay-per-API-call model. Filament on the other hand focuses on the delivery of secure wireless data transmission protocols for sensors. While these companies probably don't need extra funding, as both are backed by strong investors, I can hardly understand why no other DLT/IoT player has run an ICO yet.
We'll see...
Have you seen Iota? They are aiming for the IoT space with a tangle instead of a chain.
yes, you are right. Still, I think there is room for a project putting forward a specific IoT use case blended with DLT...
Interesting point of view! I did now IBM was experimenting with this kind of technologies, but didn't know what it was, your link to their page explains a lot! The other two are interesting as well! Is there a way to participate or do we need to go and buy some classical stocks of IBM if we want to go with the success of their (backed up with lots of funds) projects?!
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Thanks, great post. Follow me for the latest in tech headlines from my paid subscription to the Wall Street Journal.
I had heard of Iota as one of the coins looking to exploit this market. But have you heard of NEO? They offer pretty promising technology too and only yesterday the revealed their current development path.
They used to be AntShares.
Dang - sorry I missed this post earlier. Food for thought. Thanks, and I agree with you there should indeed be room for a project with an IoT use case blended with DLT. We're close, but not close enough yet.