Internet of Things (IoT) Industry Bolstered by Increasing Influence of Blockchain Technology

PALM BEACH, Florida, October 3, 2018 /PRNewswire/ --

Financialnewsmedia.com News Commentary 

The artificial intelligence and internet of things (IoT) markets are two of the most volatile areas of the technology industry as advancements occur rapidly and obsolescence forces innovation and turnover in the highly competitive space. Blockchain technology is being introduced to these spaces to offset all of these concerns. Particularly in the case of the IoT market, blockchain has emerged as an important resource to continue moving the market in a positive direction. The reason by blockchain has become so important to IoT's success is because not only does it tie up loose strings in the area of security concerns, but it also helps to solve and simplify previously complex issues facing the market. In their own rights, blockchain and IoT are two strong sectors of the technology industry. Autonomous Next projects blockchain global revenues could reach north of $20 billion by 2030, while the global IoT monetization market is projected to surpass $500 billion by 2023. Active tech companies in the markets this week include Gopher Protocol Inc. (OTC:GOPH), International Business Machines Corporation (NYSE:IBM), Intel Corporation (NASDAQ:INTC), Pareteum Corporation (NYSE:TEUM), Splunk Inc. (NASDAQ:SPLK).

Gopher Protocol Inc. (OTCQB:GOPH) BREAKING NEWS : Gopher Protocol, a company specializing in the creation of Internet of Things (IoT) and Artificial Intelligence enabled mobile technologies, including a global platform with both mobile and fixed solutions, announced today its been invited by Tokenize-It, S.A. ("Tokenize-It") as VIP guests to the San Francisco Blockchain Week Conference, which Tokenize-It is among its sponsors.

San Francisco Blockchain Week - https://sfblockchainweek.io/ is a week of educational, consumer, and developer focused events that aim to push the boundaries of local Blockchain innovation, which has been welcomed by the San Francisco community. The goal of this week-long, immersive experience is to help the industry reach mainstream adoption through fundamental education and development of projects that matter. A networking app will be provided to notify new events and venues, schedule meetings, receive giveaways based on location and build attendees' preferred agenda in advance.

Tokenize-It - http://tokenizeit.cr is a software developer and technology company which owns a portfolio of Blockchain technologies focused on providing technology and services to third parties for the purchase of converting income producing assets and cash flow streams into tokens that can be traded as well as the tokenization of financial sovereign instruments. These Blockchain utility tokens are not dependent on a single Blockchain technology, they can be created on multiple Blockchains. Tokenize-It, Gopher, Gopher Costa Rica, SRL (a partially owned subsidiary of Gopher) and GBT Technologies, S.A. ("GBT") previously entered into a Letter of Intent in June 2018, which is presently still under negotiation (https://www.sec.gov/Archives/edgar/data/1471781/000161577418005183/s110797_8k.htm) .

In September 2018, GBT, which is affiliated with Tokenize-IT, and Gopher entered into an Exclusive Intellectual Property and Royalty Agreement whereby Gopher granted an exclusive license to GBT for intellectual property relating to systems and methods of converting electronic transmissions into digital currency (https://www.sec.gov/Archives/edgar/data/1471781/000161577418009635/s112747_8k.htm).

The parties intend to present the potential structure and uses of Gopher technology for the Digital Currency Technology. Read this and more news for GOPH at :http://www.financialnewsmedia.com/news-goph/

Other recent developments in the tech industry include:

International Business Machines Corporation (NYSE:IBM) recently introduced new Watson solutions and services pre-trained for a variety of industries and professions including agriculture, customer service, human resources, supply chain, manufacturing, building management, automotive, marketing, and advertising. "As data flows continue to increase, people are overwhelmed by the amount of information we have to act on every day, but luckily the information explosion coincides with another key technological advance: artificial intelligence," said David Kenny, Senior Vice President, IBM Cognitive Solutions. "AI is the tool professionals need to take advantage of the data that's now at our fingertips and tailoring general AI for specific industries and professions is a critical way to enable everyone to reach new potential in their daily jobs." This news followed a recent announcement of a new software service that gives businesses more transparency into AI decisions, as well as research from IBM's Institute for Business Value, which revealed that 82% of businesses are now considering AI deployments.

Intel Corporation (NASDAQ:INTC) recently announced it has extended its field programmable gate array (FPGA) acceleration platform portfolio with the addition of the new Intel® Programmable Acceleration Card (PAC) with Intel® Stratix® 10 SX FPGA, Intel's most powerful FPGA. This high-bandwidth card leverages the Acceleration Stack for Intel® Xeon® CPU with FPGAs, providing data center developers a robust platform to deploy FPGA-based accelerated workloads. Hewlett Packard Enterprise* will be the first OEM to incorporate the Intel PAC with Stratix 10 SX FPGA along with the Intel Acceleration Stack for Intel Xeon Scalable processor with FPGAs into its server offering. Like the previously announced Intel PAC with Intel® Arria® 10 FPGA, this new Intel PAC with Stratix 10 SX FPGA supports an ecosystem of design partners that delivers IP to accelerate a wide range of application workloads. The Intel PAC with Stratix 10 SX FPGA is a larger form factor card built for inline processing and memory-intensive workloads, like streaming analytics and video transcoding. While the smaller form factor Intel PAC with Arria 10 FPGA is ideal for backtesting, data base acceleration and image processing workloads.

Splunk Inc. (NASDAQ:SPLK) recently announced a new version of Splunk® IT Service Intelligence (ITSI) that can help IT teams better predict and prevent problems. Splunk ITSI is a machine learning-powered monitoring and analytics solution that gives IT teams a way to quickly and easily detect emerging problems and simplify or automate incident investigation and workflows across all data sources. The new version of Splunk ITSI, which is now generally available, improves predictive analytics through a series of new capabilities. "IT environments are complex and dynamic, and IT teams are constantly under pressure to make sense of their data and take action," said Rick Fitz, senior vice president and general manager of IT markets, Splunk. "The ability to use machine learning and artificial intelligence to predict service degradation and prevent issues allows these teams to focus on driving value for the business. We make smart IT teams smarter with a platform that brings together all the data to provide complete visibility."

Pareteum Corporation (NYSE:TEUM) on Tuesday announced that it has signed new contracts with Parallax Health Sciences in the U.S., oneCentral in the Netherlands, and Naledi in South Africa totaling $15 Million over three years. New customers will use Pareteum's cloud platform as a service offering to enable voice, mobile, and device and data-monitoring for their companies. These use cases are made possible through the recently-merged Artilium and Pareteum products. Parallax Health Sciences is Pareteum's first customer in the healthcare IT industry; it will use Pareteum's platform as a service to assist healthcare professionals in diagnosing and tracking health trends with their patients via data and SMS bundling. The technology integration will result in the establishment of Parallax Communications becoming an industry first: a globally-connected, remote patient care, mobile virtual network operator.

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