Quote from: tzpardi on November 17, 2015, 06:25:10 PM

Quote from: altcoinUK on November 17, 2015, 03:59:44 PM

mtomcdev and tzpardi, can I ask your opinions, is the infinitely scalable micro payment processing, to manage millions of transactions the main issue of IoT at this stage? My understanding was there are more pressing issues such as lack of standards, provisioning, security, etc.

If you ask my opinion, the lack of security, fragmented security policies and tools, and lack of standards are probably the most pressing issues in Internet of Things. To give an example about what we hear from IoT companies and what IoT companies ask, these requirements came up in a W3C web of things user interest group discussion earlier today:

device properties with hierarchically structured values
device properties whose values are other devices
device properties whose values are high data demand streams, e.g. ECG data or video stream
devices with circular dependencies on other devices
efficient message encodings for data and models
to handle memory and processing constraints
provisioning and bootstrapping of security
secure and robust software updates
manage firewalls and NAT
lack of interoperability across CoAP servers
support for non REST protocols
support for sleepy devices
high availability and clustering, to manage devices across multiple servers

We, open source developers could make difference and work on the above items. The micro payment solution is an interesting topic, but I wouldn't think the processing millions of transactions per second or even per minute in real time is a requirement for any IoT systems currently.

Thanks for the info. albert_mt was quite right above in saying that IoT is more complicated than people think.