For a while, I have stopped second guessing how the internet will change our lives in years to come. Our world is hyper-connected and has the potential to grow very fast using technology. There was a time where advanced technologies were used by just Automobiles and they took a lot of time to get connected to the Internet. Because they had to wait for physical roads and gas stations to be built.
Today, inventions rely on the already existing infrastructures like mobile devices. You could easily sell your invention if it has smart sensors which connect it to a mobile device. Internet of Things (IoT) makes it easy for a lot of sectors to be connected worldwide. Using IoT, you can use Amazon's Alexa digital assistant to turn off lights or order a pizza. Another example is making use of IoT for controlling your navigation system using your phone. This works especially for those in the agricultural sector. IoT makes the company become closer to billions of consumers by just a few clicks away.
Blockchain Internet of Things(BIoT) is the combination of IoT with blockchain. It makes services and business transactions over the internet more encrypted. With BIoT companies and users can have full control over their shipments by making use of Mobile phones. With the introduction of BIoT manufacturers, retailers, regulators and transport companies can have real-time data when they make use of IoT devices. Everyone can benefit from insights which are accessed over an encrypted internet connection. Blockchain makes IoT even more useful by creating a digital record across several computers thereby making it difficult for hackers. It is difficult to recognize trends that have positive potentials but IoT and BIoT are two innovations that will change the world.