Just last fall, IBM released its white paper for ADEPT, it's protocol for IoT. Not long after, at CES IBM debuted this protocol with its first connected home device prototype: a washing machine that could order soap for itself--not exactly a compelling product, though certainly a proof of concept. Then two weeks ago, news came out that IBM, possibly with Intel, we're making a bitcoin/payments alternative play--a move that really got the attention of many Ethereum and Ripple enthusiasts. So if it weren't already obvious just how serious IBM was taking the Blockchain and distributed ledger technology, we now have a dollar figure--one that entirely dwarfs the worldwide investment in thisbspace hitherto.
One point worth pondering is the fact that with the inevitability of DACs and DAOs--decentralized autonomous corporations and organizations, respectively--the distinction between ledgers in financial services and IoT become very blurry. In other words, these programs are simultaneously semi-independent economic actors that both interact with the real world and are encoded into the protocols themselves. That means before long, one will not be able to think about one without the other.
IBM said on Tuesday it will invest $3 billion over the next four years in a new 'Internet of Things' unit, aiming to sell its expertise in gathering and making sense of the surge in real-time data. The Armonk said its services will be based remotely in the cloud and offer companies ways to use the news and data from building sensors, smartphones and home appliances to enhance their own products. For its first major partnership, IBM said a unit of the Weather Co will move its weather data services onto IBM's cloud, so that customers can use the data in tandem with IBM's analytics [...] IBM said it was already working with some large companies, such as German tire maker Continental AG and jet engine maker Pratt & Whitney to help them use data in their processes.