What Does IoT (Internet of Things) Have in Common with Blockchain Technology? Find Out Below!

Studies show that by 2020 we will have 24 billion IoT devices installed worldwide, with an expected investment curve of 6 trillion in the next five years. The most significant part of these investments will go into application development and the actual hardware needed to implement IoT projects. The expected return on investment is $13 trillion by the end of 2025. The primary consumer bases for these products will be businesses, government entities and end consumers. Whether you want to measure temperature fluctuations or to check if you are out of milk in the fridge, individual sensors will give us the ability to take more informed decisions on an everyday basis.

As the IoT networks will grow, the potential for collateral profits is immense as with blockchain technology; developers can create products on top of the existing architecture. The amount of data generated by the sensor networks will be staggering, but with the proper blockchain application, this data can be transformed into tangible value.

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Skynet is going to take over the world! (of blockchain)

By creating the world’s first End-to-End System based on a Blockchain Chip and HyperScalable IoT Infrastructure, Skynet plans to bring both technologies (IoT and Blockchain) to the masses. How will they do it? By releasing billions of license-free chips that can be incorporated in the devices around the world and become instantly connected to the Skynet ecosystem. Here are some of the chip models available:

1. SC – 1000
   A 32-bit RISC-V Blockchain Core that has CPU and Hardware wallet blocks incorporated

2. SC- 2000
   A 64-bit RISC-V Blockchain core that can be used for Tensor Flow applications, hardware wallet, hash acceleration capabilities and Edge intelligence

3. SC – 3000
   A 64-bit RISC-V Blockchain core that can be used for hash acceleration has an incorporated AI-ready cold storage and Tensor Flow processor for advanced intelligence projects.

The Skynet Core architecture is based on revolutionary ideas such as embedded hardware wallets and robust crypto-based CPUs that can aid any blockchain infrastructure. The SHA-256 crypto engine will support high-speed blockchain throughputs and any dApps imaginable, aiming to achieve rates of encrypting/decrypt faster than 20 megabytes per second at half duplex.

The Infinity Chain Architecture

The Skynet Open Network, in short SON, uses an infinitely-scalable architecture that can handle any time of app or systems that are IoT native. To achieve this, every SON-compliant blockchain is backed by TBFT(Tendermint Byzantine Fault Tolerance) a performant consensus mechanism that facilitates the creation of heavy duty blockchains. Every project that is going to be created on the SON ecosystem will have the opportunity to communicate with other applications to eventually build a higher level of software am applications that could not be achieved otherwise. Skynet is created in collaboration with big names like IBM, Fujitsu and Microsoft. The team is looking to raise 3 million USD in ETH as their soft cap and 38 million USD as their hard cap.

website,
Ann whitepaper

Eth address: 0x59d57ee13549f39341804d563ed8fde31c47031c