Topic: [ANN] [GDGC] GadgetCoin | IoT | M2M |Smart Contracts on Hardware - page 8. (Read 88548 times)

i know what you are saying, but I think IOTA will replicate the financial success of NXT. so far we had no ROI with gadgetcoin, at least I can make money with IOTA. i still support Gadgetcoin but I don't want to miss the money making opportunity with IOTA.

Thanks for the info. albert_mt was quite right above in saying that IoT is more complicated than people think.

If you ask my opinion, the lack of security, fragmented security policies and tools, and lack of standards are probably the most pressing issues in Internet of Things. To give an example about what we hear from IoT companies and what IoT companies ask, these requirements came up in a W3C web of things user interest group discussion earlier today:

• device properties with hierarchically structured values
• device properties whose values are other devices
• device properties whose values are high data demand streams, e.g. ECG data or video stream
• devices with circular dependencies on other devices
• efficient message encodings for data and models
• to handle memory and processing constraints
• provisioning and bootstrapping of security
• secure and robust software updates
• manage firewalls and NAT
• lack of interoperability across CoAP servers
• support for non REST protocols
• support for sleepy devices
• high availability and clustering, to manage devices across multiple servers

We, open source developers could make difference and work on the above items. The micro payment solution is an interesting topic, but I wouldn't think the processing millions of transactions per second or even per minute in real time is a requirement for any IoT systems currently.

No, they won't - except they will be leader in collecting money and they will be the IoT leading platform of Bitcointalk forum. The Iota crew is a very, very talented bunch of people. Iota will develop an interesting piece of software. Their unique selling point (USP) is processing millions of micro payments with an infinitely scalable system (their Tangle innovation), but that is not the most important IoT business requirement at this stage. It won't be even in 10 years time an issue IMHO. The talented Iota devs are good at software, but they never worked on any IoT projects. Therefore, they don't know what the industry is. They have heard that there will be 50 billions of internet of things devices by 2020. And then they made the calculation, that for the 50 billions of devices need millions of micro payments per seconds. Like the billions of devices would be a homogeneous system - which is obviously not.
As I said earlier here is what will happen: Iota will collect $500k perhaps $1 million, then the investors start selling the coin to each other for a year or so, and then that will be the end of the story.

mtomcdev and tzpardi, can I ask your opinions, is the infinitely scalable micro payment processing, to manage millions of transactions the main issue of IoT at this stage? My understanding was there are more pressing issues such as lack of standards, provisioning, security, etc.

what is the story with Iota? they will be definitely very strong competitors maybe leaders in IoT.

agreed. altcoin crypto is totally dead but a few good techs will survive. first build the business. the share price will reflect the business development.

Plus Toshiba, Vodafone, Opera, Orange, ERICSSON, Nippon, Fujitsu and many other companies as I can see it in the member list at

https://www.w3.org/2000/09/dbwg/details?group=75874&public=1

Good luck guys! It would be absolutely amazing to start communicating with such audience!

I agree. The priority is to get the word out about the technology. Such exposure and once the network get started will take care the share price.

I personally think that the trade function can wait until after the presentation, it is much less important.

We apologize for the delay with the share trade function. Please give us a few days to enable the feature. There are new opportunities with regards to GadgetNet and other tasks have been prioritized over the share trade feature, but sorry again for the delay and we will try to get it done this week.

Since the last update we have been working hard to develop the software. We decided to publish everything including the P2P video streaming and the complete Internet-of-Things framework in the next release, in a one go. It is a huge amount of work, but we are making a reasonably good progress every day. We are combining all WoT codes into our software and will be releasing a lot more than originally was planned. It will be completely decentralized, but GadgetCoin will be still integrated into it. Our P2P software and security implementation will be presented first time to the W3C web of things user group on the 26th of November. The user group includes companies like Siemens, Alibaba, Oracle, Intel, Google, Nokia, Panasonic and many other big and influential businesses.

I will post a more detailed update later this week.

This is just funny. Deliriously funny, in fact.

Like no one has access to Google funny...

 “You will be able to sell the shares when the share sell/buy function is enabled, most likely later this week  ”
how is this going on？

@mtomcdev

I have completed quite a few P2P and crypto modules. Some of them pulled the the W3C WoT master branch. I think this work can be integrated into GadgetNet. I will continue to make progress on the final parts of P2P implementation.

Yeah, there are lots of IoT video devices and it is a massive business opportunity. It's good to see GadgetNet covers that area.

i'm very happy to see the activity in the thread .. iot is more complicated what I thought. thanks devs for not giving up!!!

We have been working with heath care service providers at ZoVolt to roll out an IoT telemedicare system with installation options for both individuals and residential homes. The patient monitoring devices market worth $22.2 Billion by 2018 http://www.marketsandmarkets.com/PressReleases/patient-monitoring-devices.asp . In addition to the biomedical sensors, IoT camera devices and video streaming are important elements of remote patient monitoring solutions.
We have been also working with security businesses to manage internet connected CCTV security devices. Video streaming is also essential for operating IoT CCTV camera devices.

We will integrate the standardized, WoT integrated GadgetNet video streaming into our commercial solutions. I've designed already the SDP, RTP, RTCP, SCTP and DTLS modules for the streaming solution in C. The next step is to convert the C modules to NodeJs, create a JS binding and API for JavaScript developers.

Very good to see real world businesses recognize the value of GadgetNet.

Can I ask how the P2P video streaming will be used by businesses? The video streaming is an important part of the GadgetNet business plan, but you haven't mentioned it in your post.

Thank you for your interest in what we do. ZoVolt is a privately owned business. We completed our first round of funding 2 years ago to create a generic IoT software framework and design IoT enabled medical devices. We have more than 100 investors. Some of them are experienced technology angel investors and venture capitalist partners. All those details, including the list of our investors are available at the UK Companies House public register.

I am a software developer being responsible for the technology development of ZoVolt Ltd. I can comment only from technology perspective. We believe at ZoVolt, the GadgetNet white paper outlines a viable alternative to the conventional IoT client/server paradigm. Mtomcdev mentioned above privacy, security, access control, micro-payments, interoperability, provisioning and device management are the main features GadgetNet aims to implement. Those features are key to any Internet of Things devices. Above all the secure access control, provisioning and device management features could be very valuable for Internet of Things businesses. It seems GadgetNet could solve many practical problems that Internet of Things businesses are facing. The GadgetNet technology can yield significant savings in the rigorous and complicated device certification process by providing an All-In-One solution. Once the development branches are stable ZoVolt will use the GadgetNet platform to certify, deploy and operate our medical and security devices.

The ZoVolt team will continue donating software development to the GadgetNet branches. Our only condition in this collaboration was to make the GadgetNet platform open source once the system is stable and releasable.

Thanks for posting! Can you tell us more about what you do with Zovolt and how Zovolt plans to use Gadgetnet?

Thanks for your time.

I will check in the CoAP and MQTT protocol bindings in the next few days. I am also working on the STM32 and ATMEL ARM/AVR integration of GadgetNet.  I will keep you updated about the progress in this thread.