Despite all the Risks Jason Hope Sees the Future in the Internet of Things

Jason Hope defines himself as an Entrepreneur, Futurist, Philanthropist and Investor.

He has established a grant program to benefit budding entrepreneurs. Would be grantees can submit their ideas to Jason Hope via his website. Those submitting ideas that Hope believes have potential receive between $500 and $5000.

Jason Hope philanthropist recently pledged half a million dollars to the SENS Foundation. A non-profit SENS is devoted to fighting age-related ailments through rejuvenation biotechnologies. SENS strives to both develop and guarantee the availability of these treatments to all who need them.

As a Futurists, Jason Hope contemplates the future and tries to determine in what direction it is headed. He is a staunch proponent of the Internet of Things (IoT).

The IoT will be the result of greater connectivity between products and machines and enhanced analytical abilities. Among other things, the IoT will encompass personal electronics, self-driving vehicles, and cyber-currencies like Bitcoin. The high-end estimated combined value of all types of cyber-currency is $100 billion, and more information click here.

Despite its ever-increasing value, some traditional financial institutions are not sanguine about the future stability of Bitcoin and the like. Jamie Dimon, the CEO of JP Morgan Chase Co. has sworn that termination will be the consequence for any Chase broker caught trading in cyber-currency. Dimon explained that unlike government issued currency there are no laws to protect the value of cyber-currency.

Security is of particular concern when it comes to the Internet of Things. Jason Hope acknowledged this concern in a recent submission to Buiness.com. He cited a spike in cyber attacks while recognizing that the quantity of sensitive information housed on the IoT represents a potential mother lode to hackers.

Hope pointed out the vulnerability of small computerized devices. He placed the onus on developers to incorporate digitally encrypted and signed firmware into their devices. He also reminded users of the dangers of easily hackable personal passwords.

Some believe that programs like Blockchain will ensure the safety of cyber-currency. Blockchain is a form of cryptocurrency, “money” that relies on encryption to safeguard transactions, regulate the creation of additional cryptocurrency, and confirm transfers. Blockchain is essentially akin to an Excel spreadsheet that enables investors to securely keep an online record of their cryptocurrency transactions.

Despite all the possible hazards, the technology world is excited about the future of the IoT. The argument has been made that the long-term potential of the IoT warrants some short-term safety risks and http://www.sens.org/outreach/press-releases/jason-hope-pledges-500000.