Why Devices Should Trade

A commonly recognized management challenge is the phenomenon of departmental silos, in which information known to one group is restricted to that specific group.

This phenomenon is typically the result of organic growth stemming from a lack of interdepartmental communication or simply a result of internal competition. Nevertheless, research has demonstrated that improved access to information across an organization can lead to cost savings and increased efficiency.

As is widely known, this is the principle behind many companies' collection, analysis, and application of individual data; the reason being to provide high-quality user experiences.

Currently, data is often confined to its hardware or associated system it belongs to, creating a data silo, however these devices and systems are capable of discreetly and independently trading and monetizing data on behalf of the device/system owner.

If enabled, owners would be incentivized to participate in trading data for financial gain, while potentially contributing to broader social and economic efficiency (assuming the information was pertinent). The outcome of such a system equates to a positive feedback loop that may improve one’s local community.