For Customers Log in
Contact Us

Internet of Things (IoT) Meaning

A network of physical objects-"things"-that are embedded with sensors, software, and other technologies to connect and exchange data with other devices and systems over the internet. This includes everything from smart fridges and thermostats to industrial "connected" machinery.

The challenge for IoT is "micro-payments" and security. If a smart car needs to pay a toll or a smart meter needs to pay for electricity, it needs a way to send tiny amounts of value automatically without high transaction fees.

Traditional banking is too slow and expensive for these "machine-to-machine" (M2M) transactions. Decentralized ledgers are often seen as the perfect "layer" for IoT.

By giving every device its own digital wallet, they can trade data and value with each other autonomously. This allows for a "sharing economy" for machines, where your solar panel can sell excess energy directly to your neighbor’s battery without a central utility company.

← Back to Glossary

Explore our services
Providing liquidity in the cryptocurrency market?
Authorize on our platform and do it smarter with FM Pulse.
pic

FM Marketplace

A reliable and high-performance crypto liquidity marketplace for institutions and businesses.

Learn more
pic

FM White Label

Launch your fully branded B2B crypto trading platform in under one week.

Learn more
pic

FM Liquidity Match

Crypto OTC-as-a-Service infrastructure for enhanced monetization and trade control.

Learn more

Scale your business, leave the hard work of your trading needs to us

Reduce your integration costs and operational risk across multiple access points with our platform

Get started