economy of things Archives - Internet of Things News

Vodafone: 3.3B devices will trade with each other by 2030

According to a new report, the number of connected devices trading directly with each other is expected to reach 3.3 billion by 2030.

The report, commissioned by Vodafone and conducted by STL Partners, projects a significant increase from the current 88 million devices trading in 2024. Furthermore, it highlights the rapid growth of the Economy of Things (EoT) and its potential to create new markets and revenue streams for businesses.

The EoT refers to a future where...

1 June 2023 | IoT

Vodafone launches ‘Economy of Things’ platform

Vodafone has launched a global “Economy of Things” platform that enables connected devices to trade with each other.

The new platform, launched today, is called Digital Asset Broker (DAB) and enables businesses across industry sectors to transform physical goods into tradable digital assets.

Connected devices are often limited in their automation due to awaiting manual payment for the service(s) they provide. In the future, connected devices will be able to make...