Skip to main content You are hereHome Bitcoin-inspired adaptive virtual currency for Smart GridsAs part of its development of blockchain technology, the multinational Tech giant IBM has established a global headquarters for its Watson IoT (internet of things) business.Based in Munich, it is located close to the heart of the Industry 4.0 initiative and aims at collaborative innovation.This is a rapidly developing field and the market for IoT and chips that will power Artificial Intelligence is growing.IoT technology will incorporate embedded chips and software in cars, machines, hospital equipment, and household appliances.However, according to IBM, distributed ledger technology (DLT) tethered to IoT can create a more efficient relationship between chips and software.The most well know DLT is, of course, the blockchain technology which powers bitcoin and IBM is currently in research and development for its own blockchain protocol.IBM estimates that 65 percent of major banks will be using distributed ledgers by 2019, and the German IoT subsidiary considers blockchain to be a key element in building a distributed network of devices.

“Germany is at the forefront of the Industry 4.0 initiative and by inviting our clients and partners to join us in Munich, we are opening up our talent and technologies to help deliver on the promise of IoT and establishing a global hotbed for collaborative innovation.”–Harriet Green, Global Head of IBM’s Watson IoT business In January of 2015, IBM revealed its ADEPT proof of concept.bitcoin conversion to nairaThe project, in partnership with Samsung, tethers blockchain technology and IoT.bitcoin exchange ipoThe two companies tested smart contracts with Ethereum and low-cost solutions to automate devices.watch bitcoin documentaryWhile there has been much talk about the impending IoT, the framework has particular challenges which IBM believes blockchain tech could benefit.litecoin chart 2015

ADEPT looks at the ability to scale: trust, cost, authentication, and interoperability.IBM’s report “Device Democracy” explained: “The expected proliferation of hundreds of billions more places is at the threshold of a transformation sweeping across the electronics industry and many others.Yet, the dream of a smart, safe and efficient future is threatened by subscription fees, ubiquitous advertising and intrusive surveillance.— Our study shows that a low-cost, private-by-design “democracy of devices” will emerge that will enable new digital economies and create new value while offering consumers and enterprises fundamentally better products and user experiences.” .bitcoin free spins no depositEditor's note: Today, we have a special essay from Palm Beach Letter editor Teeka Tiwari on the next revolutionary technology that's flying under the radar right now.bitcoin transaction id generator

As Teeka explains, this is going to be a true game changer—and now is the time to get in.Read on to learn how… They thought I was nuts… It was 2003.I was moving from my retail money-management business to managing an exclusive hedge fund.My parting gift to my retail clients was Apple (AAPL).But not everybody was on board.When I told them about Apple, they thought I was crazy… Many of my clients were skeptical.At that time, Apple was trading at the same price it had been in 1982.The stock price had done nothing in 21 years.But I knew Apple had a new technology in the pipeline… Up until then, you could only use the iPod on an Apple Mac.In 2002, Apple announced that it was finally rolling out a PC version.This was a huge shift… All of a sudden, the hottest music player in the world would be available to the biggest pool of technology buyers in the world.This was a no-brainer investment.Why didn’t everyone jump on it?The reason is simple: Apple was deeply misunderstood.

People saw the iPod as a niche product.I saw the iPod as the next generation’s Walkman.(The Walkman was a personal cassette player made by Sony.It dominated the 1980s.)The clients who believed in me had the chance to make a small mint.Over the next decade, a $10,000 investment would have ballooned to nearly a half-million dollars.The iPod was once a disruptive technology.It almost single-handedly killed off the compact disc (CD).It was one of those rare opportunities to make a fortune on a truly groundbreaking idea.My friends, I don’t recount this story to brag… I want to show you why it’s so important to get into a revolutionary idea as early as possible.The results can be life-changing… Recommended Links WARNING: The Stock Market Could Soon Collapse One of America's best-known crisis experts predicts the U.S.financial system will collapse.He's sharing a unique way to prepare now – including what to buy, what to avoid, and how the coming crisis could make you 500%.

- Attention Seniors: MUST-SEE Obscure Social Security Contract Thanks to a contract just like this one, you could receive four deposits of as much as $6,880 in 2017... No matter your age or income level... Without having to pay extra taxes...And without affecting your Social Security checks.If you act before April 21, you could be the next one to receive these deposits from the private sector.You just need to put your name on the list of recipients.Click here to see how.-- For several months, I’ve been on the soapbox preaching the virtues of cryptocurrencies.I’ve been so bullish on them that I’ve even received letters from subscribers calling me “obsessive.” And that’s fine.I understand why it may seem that way to you.I had to drag my retail clients kicking and screaming into Apple back in 2003.If I wasn’t so “obsessive” then, they would have missed out on the iPod 49:1 money train.So there’s a reason for my bullishness.I don’t want you to miss today’s opportunity before it slips away.

And time is running out… The game-changing technology I’m referring to is called the blockchain.The blockchain is the backbone of the cryptocurrency industry.It tracks the transactions of digital money like a traditional ledger tracks bank transactions.Here’s why the blockchain will be so revolutionary… Today, it’s the transaction system for the burgeoning digital currency industry… But soon, you’ll be able to conduct all kinds of other transactions on the blockchain—from trading stocks to buying real estate.And you’ll be able to do it in a fraction of the time and cost that it takes to do them today.Here’s an example of what I’m talking about… In September, I told my readers about the first international trade deal ever conducted over the blockchain.The trade was facilitated by Barclays Bank.It involved the purchase of $100,000 in butter and cheese.What’s so amazing about this rather mundane trade?Normally, trades like this take an average of 10 days to complete.

They require hundreds—sometimes thousands—of documents to be signed.But Barclays completed the trade using the blockchain in a mind-blowing four hours.The finance trade industry conducts $2 trillion in transactions each year.It’s more than 400 years old.And the blockchain completely changed the game in four hours.Think of all the savings (and reduced paperwork) this new technology will create for the industry.That’s what a disruptive technology looks like.But not everybody recognizes it yet.Just like they didn’t recognize how disruptive the iPod would be.The mainstream media hasn’t picked up on the blockchain yet.And few in the public even know what it is.(Ask your family and friends if they’ve ever heard of it; the answer is likely “no.”) So now is the perfect time to get in: when the technology is about to take off… but right before the herd comes storming in.If you wait too much longer… you’ll be too late.Not convinced this technology is set to explode?Well, there’s more… Events are unfolding quickly.

In addition to the Barclays trade in September: The Depository Trust & Clearing Corporation (DTCC) announced just this month that it would start replacing its databases with bitcoin-based blockchain technology.(DTCC handles $11.7 trillion in credit swaps alone.)Global accounting firm KPMG has launched blockchain services for banks and other financial institutions.The Sydney Stock Exchange has declared its intention to move to blockchain settlement.And that’s just a small sampling of what’s going on right now, “hidden in plain view.” The writing is on the wall, my friends.The blockchain is rapidly becoming a reality.Soon, the mainstream media and public at large will be hip to it.But by then, the upside will be gone… So the timing is urgent.That’s why I’m going to hold your feet to the fire.And that’s why I’ll continue to pound away until you realize this opportunity… Just like I did with my clients back in 2003 until they saw the light about Apple.If you’d like to play this trend, I recommend you buy a small amount of bitcoin.