We are entering the second Internet revolution, the Internet of Things (IoT), and the changes coming in the next 20 years will transform our world in unimaginable ways. Refined Data is proud to be at the forefront of this change. Among the technology leaders of the 3rd industrial revolution, Refined Data is currently designing innovative solutions around distributed ledger technology—specifically IOTA. With the anticipated changes in how we work, live, and learn, we see both challenges and opportunities and are excited be part of the coming digital revolution.
It’s estimated that by 2025, there will be 100 Billion global IoT devices, sending data and transferring value in the new Machine-to-Machine reality. As everything becomes a “smart device” in the coming Economy of Things, what will be the underlying protocol that makes this all work? Terry Shane, Founder of the bIOTAsphere in Toronto, and CEO of Refined Data Solutions explains why IOTA is the only Distributed Ledger Technology available today, that can achieve the scale and utility required. If you are hoping that blockchain-based solutions were going to solve for this, Terry suggests that you might want to think again about where to place your bets. This presentation was delivered as a keynote speech at the Blockchain Opportunities Summit, held in Toronto, Canada.