How can the decentralized ledger technology be taken a step further to enable decentralized computing, also known as grid computing? 21 Inc. , the Bitcoin technology company has come up with a solution which can very well become the backbone of the Internet of Things revolution.
In a recent blog post , 21 Inc. describes the use of its software to collect data and monetize it. The application in question here is known as Sensor21, which is built over 21 Inc.’s micropayment channel infrastructure. According to the blog, the sensor21 application will allow people to buy or sell environmental data (for example) collected by hardware sensors running the company’s software placed anywhere across the world.
The real use case of such an arrangement will be a life saver to not only students and amateurs but also to researchers, governments, and other data collection agencies. Those looking for accurate, real-time data for any particular place will be able to readily access the data by spending a small amount of bitcoin. What makes it even more practical and exciting is the fact that the sensors do not have to be high-end expensive setups with lots of antennae pointed towards the sky or down into the earth. Any DIY device like Raspberry Pi or Arduino with the sensors, or even the onboard sensors available on smartphones can be used for data collection. Buying and Selling Sensor Data with Sensor21
Buying sensor information involves writing a small sequence of code. But before that, one has to ensure that they have a 21 client installed on their device and some bitcoin to pay for the data. Once the client is set up, users can search for the type of data, a number of sensors from which they want to purchase data, and the region for which […]
