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Digital Wallet

I forgot my wallet this morning. I grabbed my mobile phone though, and perhaps that’s why I forgot my wallet in the first place.

Like music, books, and movies and pretty much everything else, the wallet is converging into the phone. I use the Starbucks app every day. Some day so too your car and house keys will synch along with your passport and license; everything with data will talk to each other. The Smartphone will simply be the remote control to all widgets.

“Any technology that removes a step for people is often the one that ends up winning out.” – Naveen Selvadurai

The good news is that wallet will be one less thing to carry around. You’ll never leave home without it. The bad news is that all it’ll take for someone to take over your life and material possessions will be to steal your phone. Steal your phone, steal your life.

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If the definition of God is to explain things we don’t understand, then God gets smaller and smaller.

— MIT Scientist David Rose invents smart objects
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Sentient Streets: A ‘Living’ Pedestrian Signal of the Future

As more and more objects become Internet-connected and data-enabled (the emerging “Internet of Things”), technologists and urban designers are beginning to explore what this means for how we interact with everyday objects in a city. If an object is connected to its surroundings and made aware through data, it has the potential to become an active and engaged participant in its environment, capable of telling its story, having conversations with passer-byers, and emoting its current feelings

Fascinating, more exciting to me than connected home appliances. Do I get an emoticon like this ;/ when I jaywalk?

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Internet of Things: Mammoth Morgan Stanley Note Tries to Explain It

The atomization of processing power allows things to become aware of their environment and to be activated remotely. Apps running on smartphones allow the visualization of data and the activation of things remotely. However, apps today work in ‘silos’ collecting ‘lots of data’ without really knowing what to do with it. We view the Internet of Things as a key enabler of Big Data, as it collects vasts amount of information from the real world. For example, if the cloud were aware that I was coming back home, as I got closer my positioning and movement tracked on my smartphone would communicate with software to switch on the boiler to increase the temperature to 20 degrees by the time I arrive home, and switch on the lights as I enter. Taking the idea forward, let’s assume that all the smart meters in a country were connected to utility companies. Utility companies could predict in advance any consumption peak and start gas turbines in time to optimize the cost of production.

No doubt the future is one massive API. Everything will plug into each other.