Smart Devices

In the last 30 years we’ve seen the creation of a lot of new “smart” devices, everything from smart apps, smart tablets, and even smart toilets. The demand for smart devices only grows with time and seems like every new electronic device you buy has some sort of app that comes with it. People from this generation generally demand some sort of level of interaction from there devices these days. The next generation of IOT interconnected devices will be equipped with AI and machine learning and all these new devices will need a platform that can support it such as Dxchain which offers virtually limitless scalability. The newest smart toys are items that are in your very home, items that can tell you what’s going on in the news, about your appointments, recipes to try, and even music that it thinks you might like. Let’s take this concept even one step further and look at smart cities. Cities as of today are relatively inefficient entities. Governments in general aren’t very efficient just given the monopolistic nature of them.

Let’s take a simple example of a government process such as issuing a driving test. Before you can get one you have to take a written and in person exam to gauge your aptitudes in addition to your general background and even your medical limitations. Think about all this data at play in the form of different files. Now you can imagine these in different categories, the process is relatively slow and in some countries, this entire process can take up to 6 months believe it or not. Especially in 3 rd world countries, this is a very long and bureaucratic process. I suppose some of us are lucky that reside in first world countries. But before we dive into how to fix this let’s take a look at how blockchain works. Decades ago programmers figured out that they could create a block that carries any code that you want to put into it. Once this code gets deployed, others confirm it and thereby we get what we now refer to as “block chain”.

If you want to think of this in simple terms, imagine a group of people sharing a piece of chocolate. You can pass it around the circle without any constraints, without having to ask anyone’s permission, no regulatory commission will charge you fees for passing the chocolate to your next friend. Since it’s all part of a small group, all of your friends can see that you’ve passed it around and everyone feels comfortable. This is essentially what blockchain is, obviously in much simpler terms. People over complicate what smart contracts are, in reality, they’re just like a drink dispenser, it’ll just dispense a certain amount of beverage, it doesn’t discriminate towards anyone or anything, it just knows that money input equals beverage output.

Basically because of human manipulation, people have to carry out scales to measure the output of their beverage output, but smart contracts can potentially eliminate all of us, a very simple yet powerful cocncept.

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