Economy of Things (EoT)
summary
Claims that blockchain plus IoT and light AI let devices trade data and services using Decentralized Public Infrastructure Network (DPIN) identities and tokens, with vendor-neutral interoperability. Demonstrations use LoRaWAN gateways and Helium miners: one institute miner already paid off, a home miner projects 5–10 years, network earnings reported ~100–500 tokens/day (payback 2–11 years). Built examples: a traffic light that self-detects faults, solicits signed repair offers via smart contracts and auto-pays, and trash bins reporting fill levels over the community Helium network — all functioning prototypes.
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chapters (11)
- 0:00Introduction
- 1:27Cooperation systems and Web 3
- 3:14Economy of Things definition
- 5:43Vendor lock-in vs decentralized EoT
- 7:29Token economy and device identity
- 8:33Smart City traffic light demo
- 9:58Helium network for connectivity
- 12:46Dustbin sensors and city collaboration
- 14:36Starting with EoT technologies
- 15:19Why businesses care about EoT
- 15:41Call to action
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