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The Internet of Things gets a ledger

In the next decade, there will be tens of billions of connected devices–from thermostats and cell phones to parking meters and cars. Increasingly, these connected devices that make up the Internet of Things will be imbued with intelligence so that they can not only communicate, but transact, negotiate, collaborate and exchange value.

How will we handle this mind-boggling volume of data being transmitted, and do it in a secure way? "The Internet of Things needs a Ledger of Things," says Alex Tapscott, coauthor with his father, Don Tapscott, of the "Blockchain Revolution", to be published in May. "It needs a way to score what’s talking to what, who owes who money, and reconcile all of that."

By Amy Cortese
@locavesting

Full Story: https://newsroom.cisco.com/feature-content?type=webcontent&articleId=1756804

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