Will Helium finally make IoT a reality? - Deepstash
Will Helium finally make IoT a reality?

Will Helium finally make IoT a reality?

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Will Helium finally make IoT a reality?

Part of the problem stems from hype and sensationalism in tech journalism. Journalists are storytellers, not technology experts. While they did their job of writing stories that drove people’s imagination wild, their narratives were a bit overexaggerated.

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2) Security. All it takes is one point of entry to be compromised for the entire IoT network to be hacked. This means the engineering of these smart devices has to be pristine, and that takes time.

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3) Privacy. We are all well aware of the privacy concerns of devices that track us 24/7. There are ethical concerns of whether the excessive amount of tracking that IoT would enable is a good thing or not.

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4) Closed ecosystems. Many of the largest IoT players are large enterprises (e.g. Cisco, GE, Microsoft), and they all operate in closed ecosystems. There are no shared protocols defined for how devices connect both to each other and to a central hub. Consider: if a consumer buys two Google smart devices, three GE smart devices, and two Apple smart devices, without shared standards, these devices cannot communicate with each other.

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5) Bad incentives. Consumers haven’t shown much interest in upgrading to smart devices because, frankly, the benefits do not outweigh the costs (i.e. low ROI). Enterprises have not made the effort to distribute and deploy these devices in the real world (high costs, unclear ROI).

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1) Water Tracking - ReadyRefresh by Nestlé is a customizable beverage delivery service, and was one of the first customers to test the Helium network for water tracking in Connecticut.

2) Agricultural Monitoring - Agulus is an agtech company and uses Helium’s network to automate water distribution based on wireless sensors connecting to the Helium hotspots.

3) Micro-mobility tracking : Lime (the scooter company) uses the Helium network to find lost bikes and scooters.

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