Walmart files patent for IoT Robotic Bees that pollinate plants

Retail giant, Walmart, has joined many in trying to resolve the problem facing our world caused by the endangerment of bees.  Bees are regarded to be one of the world’s most important species as most crops (about 70 percent) today require pollination to develop fruit, vegetables, nuts, and seeds.     On 8 March 2018, Walmart filed a patent for autonomous robotic bees which can pollinate plants.  Five other patents were also filed and these included additional farming drones such as drones used to track down pests and drones to…

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What is the Bitcoin of Things?

We are in a world where more and more devices are linked to the internet, this is called IoT or the Internet of Things. It is estimated that more than 50 Billion devices will be linked to the internet by 2020. The connection of these devices does not only create opportunities but is also a massive security risk.     Hacking of IoT Devices   Unfortunately, a lot of manufacturers are rushing their IoT devices to the market, ignoring the risks that hackers pose.   These threats were researched in…

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How difficult is it to make an EOT payment?

EOT payments are easier to make than debit or credit card purchases, and anyone can receive it as all that is required is a wallet application.     Payments are made from a wallet application, either on your computer, laptop or smartphone, by entering the recipient’s address, the payment amount, and pressing send. Some wallets use QR codes to make the exchange of recipients’ addresses easier.     What are the advantages of EOT? You are in control of your own money It is possible to send and receive EOT…

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Gartner Says Worldwide IoT Security Spending Will Reach $1.5 Billion in 2018

STAMFORD, Conn., March 21, 2018 – Press Release – By 2021, Regulatory Compliance Will Become the Prime Influencer for IoT Security Uptake.  Internet of Things (IoT)-based attacks are already a reality. A recent CEB, now Gartner, survey found that nearly 20 percent of organizations observed at least one IoT-based attack in the past three years. To protect against those threats Gartner, Inc. forecasts that worldwide spending on IoT security will reach $1.5 billion in 2018, a 28 percent increase from 2017 spending of $1.2 billion. “In IoT initiatives, organizations often don’t have control over…

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What is the Current State of Global Cybercrime?

Cybercrime is a global threat as predicted by Ginni Rometty, IBM’s chairman, president and CEO, in 2015:- “We believe that data is the phenomenon of our time. It is the world’s new natural resource. It is the new basis of competitive advantage, and it is transforming every profession and industry. If all of this is true—even inevitable—then cybercrime, by definition, is the greatest threat to every profession, every industry, every company in the world.”     These worlds are certainly ringing true and recently, RSA published the 2018 Current State…

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Coca-Cola strives to combat Forced Labour with Blockchain

Forced labour, modern slavery and human trafficking is a global problem and according to the International Labour Organisation, there are approximately 25 million people who are victims of forced labour.  In a recent announcement, Coca-Cola Co, the U.S. State Department and, two other companies are launching a project using blockchain technology to create a secure registry for workers that will help in the fight against the use of forced labour worldwide.     Food and beverage companies need to address the risk of forced labour in the countries where they…

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Blockchain pilot success can streamline Shipping

The blockchain is disrupting various industries, one of them being the Shipping Industry. The parent company of Anheuser-Busch, shipping container firm APL, logistics company Kuehne+Nagel, and a European customs organization recently participated in a pilot with consultancy firm Accenture, to test blockchain for global shipping uses.     The results “confirmed that blockchain can reduce operating costs and increase supply chain visibility,” according to Accenture – Read Full article here     Not only is the blockchain proving to be valuable in the shipping industry, devices connected to the internet…

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Security and Hacking concerns for IoT Devices

In a recent interview with CNBC, Sen. Mark Warner voiced concerns regarding the security of devices connected to the internet, know as IoT.       “The challenge has been so far is the devices makers on the higher end are happy to help, but if somebody is selling a cheap appliance or a cheap sensor and it costs $10 or $15, they don’t want to spend the extra $0.15 or $1 to put in basic security,” Warner said to CNBC.      This is a real concern as Gartner…

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New IoT White Paper explains Hacking Vulnerability and Solutions

With the unhindered growth and acceptability of internet globally, the revolution and evolution of its successor, Internet of Things has been massive, slowly erasing the distinguishing line between real and virtual.     This thrilling piece of technology is maturing at an unparalleled rate, connecting innumerable diversified smart objects in an all-encompassing network.   The technological ecosystem can be imagined as a three-node cycle comprising of “people” that run the ecosystem, “internet” on which the ecosystem runs and “intelligent device” that support the ecosystem.     Unfortunately  “most good things…

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Porsche Racing to the Blockchain

On Feb. 22, high-performance sports car, sedan, and SUV manufacturer Porsche, announced that it became the first car company in the world, in collaboration with German start-up XAIN, to successfully integrate and test blockchain in a car.     What can a blockchain do in a car?   Porsche believes it could have a many applications such as locking and unlocking your vehicle, as well as opening doors, through an app could be done up to six times faster through blockchain, since data doesn’t have to be processed through a…

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