NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Sensor21 App for Data Collection Can Become the Backbone of IoT

Gautham
Gautham
4 years ago
3 mins read
Sensor21

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

How can the decentralized ledger technology be taken a step further to enable decentralized computing, also known as grid computing? 21 Inc., the Bitcoin technology company has come up with a solution which can very well become the backbone of the Internet of Things revolution.

In a recent blog post, 21 Inc. describes the use of its software to collect data and monetize it. The application in question here is known as Sensor21, which is built over 21 Inc.’s micropayment channel infrastructure. According to the blog, the sensor21 application will allow people to buy or sell environmental data (for example) collected by hardware sensors running the company’s software placed anywhere across the world.

The real use case of such an arrangement will be a life saver to not only students and amateurs but also to researchers, governments, and other data collection agencies. Those looking for accurate, real-time data for any particular place will be able to readily access the data by spending a small amount of bitcoin. What makes it even more practical and exciting is the fact that the sensors do not have to be high-end expensive setups with lots of antennae pointed towards the sky or down into the earth. Any DIY device like Raspberry Pi or Arduino with the sensors, or even the onboard sensors available on smartphones can be used for data collection.

Buying and Selling Sensor Data with Sensor21

Buying sensor information involves writing a small sequence of code. But before that, one has to ensure that they have a 21 client installed on their device and some bitcoin to pay for the data. Once the client is set up, users can search for the type of data, a number of sensors from which they want to purchase data, and the region for which they need the data. Once the selection is made, they can go ahead and buy it with bitcoin. The 21 client allows users to request data from any sensor across the world which is connected to the 21 Inc. Bitcoin Computer network.

While buying sensor data is a simple straight forward task, those who are interested in selling the data need to go through a couple of more steps in order to have the whole set up running. According to 21 Inc., the sensor deployment (in this case, an atmospheric pressure sensor) and its configuration to the Sensor21 network will require a 21 Bitcoin computer or a DIY 21 Bitcoin computer running the required software from 21 Inc. along with a MPL3115A2 barometer/Altimeter Breakout Board, four female-to-female jumper wires and a 3D printable protective enclosure.

The sensors will be connected to the 21 Bitcoin computer using the connector wires and then covered with the protective enclosure to create a sensor. Then comes the programming part which will involve downloading and installing the Sensor21 scripts that will allow the newly created sensor to communicate over the 21 Inc. network through blockchain. As the sensor starts collecting data, an endpoint needs to be created, which will act as an access point to which bitcoin payments will be made, in order to retrieve the collected data. The endpoint has to be published on the 21 marketplace to enable users to purchase the data.

The same mechanism can be used in IoT-enabled devices where all devices have an endpoint providing access to data from various sensors in the devices. A smart contract can be created to automatically make transactions to the endpoint, collecting status update for each equipment at regular intervals. Any changes in the device status deviating from the normal operational behavior can be flagged and remedial measures initiated with the help of suitable smart contracts programmed that are programmed for various possible scenarios.

21 Inc, with its Sensor21 application, has brought the world a step closer to efficient IoT devices by using the blockchain technology. Now we just have to sit back and wait for the adoption to happen.

Ref: 21 Inc. | Sensor21 Image: NewsBTC
Tweet123Share196ShareSend
Gautham
Gautham

Gautham

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

免費比特幣空投獎勵引爆加密社區熱潮 BTCBULL預售倒數最後今日!

2025年加密市場熱度逐步升溫,一個名為Bitcoin BULL($BTCBULL)的迷因幣項目正在以「真實比特幣空投」作為武器,在短短數週內迅速吸引了大量資金與媒體焦點。隨著預售進入最後倒數階段,$...

Mark Mak 5 hours ago
Bitcoin Dominance Shows Bearish Divergence – Altseason Could Be Near

Bitcoin Dominance Shows Bearish Divergence – Altseason Could Be Near

Bitcoin briefly pushed into the $108,800 level a few hours ago but was once again unable to reclaim higher prices,...

Sebastian Villafuerte 5 hours ago
Bitcoin

Bitcoin Price At $145,000 In September? Bullish Dojis Suggest Upward Move

Crypto analyst Stockmoney Lizards has provided an update on the current Bitcoin price action, predicting that the flagship crypto could...

Scott Matherson 6 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Strong Ethereum Accumulation Detected: LTH Buying Heavy During June Consolidation

Strong Ethereum Accumulation Detected: LTH Buying Heavy During June Consolidation

Sebastian Villafuerte 47 minutes ago
Bitcoin

Pundit Warns Bitcoin Is Setting Up Liquidity Traps As It Campaigns For New ATHs

Scott Matherson 2 hours ago
Warning Signs? Long-Term Bitcoin Holders Take Profits as Leverage Spikes

Warning Signs? Long-Term Bitcoin Holders Take Profits as Leverage Spikes

Samuel Edyme 3 hours ago

Premium Sponsors

Press Releases

  • 仮想通貨プレセール残り24時間で800万ドル目前 次の100倍銘柄となるか?

    ...

    9 hours ago
  • 1ドル以下で注目される仮想通貨おすすめ、Solana系トークンに割安銘柄あり?

    ...

    9 hours ago
  • Най-добрите криптовалути преди...

    10 hours ago
  • リップルとSECの訴訟終了後に注目すべき新しい仮想通貨プロジェクトとは

    ...

    10 hours ago
  • BTC

    仮想通貨 おすすめ:BTC Bull...

    10 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.