This is an excerpt from IoTeX’s research report When Privacy Hits Home, which explores the implications of Big Tech entering our homes and why it is critical to take back our data and privacy. Originally featured on HackerNoon.
The Dark Side of the Smart Revolution
We are in the midst of a “smart revolution” — more than 20 billion smart devices are now spread across the world, collectively forming the Internet of Things (IoT). In five years, the global IoT will expand to more than 75 billion devices, outnumbering the world population by ten-to-one. But it’s not just devices. The volume and variety of data generated by devices is growing at an even faster rate; by 2025, the IoT will generate 80 zettabytes (one trillion gigabytes) of data per year.
In this smart revolution, everything from speakers to formerly inanimate household objects are being fitted with WiFi modules and sensors. The result?
⚡ ATTENTION: we have moved from Medium to our own hosted blog at iotex.io/blog⚡
Read Full Post Here >>> No Safety Nets in the Real World
About IoTeX
Founded as an open source platform in 2017, IoTeX is building the Internet of Trusted Things, an open ecosystem where all “things” — humans, machines, businesses, and DApps — can interact with trust and privacy. Backed by a global team of 30+ top research scientists and engineers, IoTeX combines blockchain, secure hardware, and confidential computing to enable next-gen IoT devices, networks, and economies. IoTeX will empower the future decentralized economy by “connecting the physical world, block by block”.
