Smart Devices are electronic devices that connect to other devices or networks, often wirelessly, and can operate autonomously or interact with users and environments. These devices typically incorporate sensors, processors, and communication capabilities, enabling them to collect data, perform computations, and execute actions. They are designed to enhance convenience, efficiency, and automation in various aspects of daily life and industrial operations. Examples include smart home appliances, wearables, and industrial IoT sensors.
Context
While broadly applicable, Smart Devices intersect with blockchain and digital assets through applications like verifiable data streams for IoT, decentralized identity management, or secure payment mechanisms. News might report on how blockchain provides an immutable ledger for data collected by smart devices, enhancing trust and auditability in IoT ecosystems. A key discussion involves securing the data integrity and privacy of information generated by these devices when integrated with decentralized networks. The combination offers new possibilities for autonomous and trustworthy digital interactions.
The $100M grant fast-tracks the "Economy of Things" by provisioning AI-enabled IoT devices with DLT-based, autonomous transacting capabilities for superior asset utilization.
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