The Internet of Things is a phenomenon describing the interconnection of computing devices via the internet. 2020 predictions conclude that there will be 20.8 billion connected IoT devices that are worth a staggering $7.1 trillion.
A futuristic term used to describe the potential that autonomous trading of Digital Assets has on the Internet of Things. EoT refers to the commercialization of IoT, where monetary values are tied to IoT data and Digital Assets.
TEE: Trusted Execution Environment with Secure Boot, secure storage and runtime program attestation / TEEE: TEE + TPM (trusted platform module) / MQTTS: A leaner version of MQTT that is highly scalable and offers secure communication / Smart Contract: Validating protocols focused at verifying information via the Internet.
The blockchain is a type of technology characterized by a digital distributed ledger that is able to record any value transaction made. Transactions entered into the blockchain are unchangeable by nature and thus are associated with trust and security.
weeve was co-founded by Harald Zapp, the founder of relayr and CEO of Next Big Thing AG, and Prof. Dr. Sebastian Gajek, a Cryptography and Computer Sciences expert at the Flensburg School of Applied Sciences, in early 2017.
By 2020 Gartner predicts that there will be 20.8 billion interconnected devices worth a value of $7.1 trillion. Thus weeve wants to enable the economization / commercialization / monetization of this value.
There are 2 weeve platforms that run in phases. Both platforms are aimed to be ready in 2019+ / (1) A platform for weeve-enabled data transport which offers customizable services to create a testified data hub. This forms the first part of the software and IoT infrastructure. (2) A platform for weeve-enabled data trading. Creating fully functional marketplace architecture with customizable dApps and services. Forming the blockchain and business logic.