internet of things

is a revolution in the rental of things in that being tied into a network, a physical, rented object knows where it is, how much it is being used, and can manage transport for itself to its renter without human intervention.

As drone technology gets more advanced and accepted, the costs of transporting objects between peers will drop. Put differently, a physical object will know where it is, how much it is being used, and will be able to arrange automated, digitally enabled transport for itself to its renter without human intervention.8 A physical object becomes, in a sense, like an intelligent iTunes movie file.

is a world where objects of all kinds from milk cartons to household appliances to items of clothing have a little bit of embedded digital intelligence, and are part of the network.

Internet of Things a world where objects of all kinds from milk cartons to household appliances to items of clothing have a little bit of embedded digital intelligence, and are part of the network.

internet of things, n.All

internet of things