K
Kathleen Martin
Guest
There is DeFi, GameFi and so many other Fi’s. Yet the elephant in the room is MachineFi. What if machines could be your profit center and economic driver? There is a paradigm shift that I am starting to see in the blockchain and crypto space: the focus on the decentralization of everything and the opportunity of a trillion-dollar machine base economy focused around smart and connected IoT devices.
The internet has changed our lives, yet if you told someone from 1999 that a major share of human interaction would happen online in the next 20 years, they probably wouldn’t believe you. Imagining a blockchain future is a “riddle wrapped in a mystery inside an enigma.” We are in the beginning stages of connecting the pieces of this decentralized digital and physical universe that has arrived.
A few of these baby steps are pretty obvious. For one, an application of blockchain that runs as smoothly as a non-blockchain application is a no-brainer, and we’re already there. Next is an interconnected network of smart devices that act as building blocks for this future. This is what the most exciting projects on the market have been trying to tackle.
And this is where MachineFi comes in.
MachineFi describes the intersection of smart devices and finance (similar to how DeFi is short for decentralized finance). Smart devices are already present everywhere. A decade ago, the idea that your refrigerator would talk to your home security camera would have seemed like a very funny parody, but as it turns out, that’s where we are! Who’s laughing now?
Continue reading: https://www.forbes.com/sites/forbesbusinesscouncil/2021/11/11/machinefi-the-future-of-smart-devices-iot-and-blockchain/?sh=7c7df63d3556
The internet has changed our lives, yet if you told someone from 1999 that a major share of human interaction would happen online in the next 20 years, they probably wouldn’t believe you. Imagining a blockchain future is a “riddle wrapped in a mystery inside an enigma.” We are in the beginning stages of connecting the pieces of this decentralized digital and physical universe that has arrived.
A few of these baby steps are pretty obvious. For one, an application of blockchain that runs as smoothly as a non-blockchain application is a no-brainer, and we’re already there. Next is an interconnected network of smart devices that act as building blocks for this future. This is what the most exciting projects on the market have been trying to tackle.
And this is where MachineFi comes in.
MachineFi describes the intersection of smart devices and finance (similar to how DeFi is short for decentralized finance). Smart devices are already present everywhere. A decade ago, the idea that your refrigerator would talk to your home security camera would have seemed like a very funny parody, but as it turns out, that’s where we are! Who’s laughing now?
Continue reading: https://www.forbes.com/sites/forbesbusinesscouncil/2021/11/11/machinefi-the-future-of-smart-devices-iot-and-blockchain/?sh=7c7df63d3556
