What is the Internet of Things (IoT) and examples of the application of this technology

Internet of things

The Internet of Things is a unique concept of a network that provides data transfer between different physical objects or with the external environment. Thanks to the organization of the network, it is possible to update all social and economic processes. The peculiarity lies in the fact that a person does not need to take part in all activities. This concept appeared in 1999. The Internet of Things (IoT) opens up prospects for the widespread use of radio frequency identification methods that allow physical objects or the environment to interact.…

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JCB to launch first mobile payment app for Japan’s credit giants

Mobile payment app - JCB Payments

As one of the oldest credit brands in the country, it is looking for revenue source diversification. JCB is preparing to become the first major credit card company in Japan to offer a mobile payments app, with intentions to move into that space as early as 2023 in order to secure its position among younger users. The company has a substantial international transaction network and boasts 146 million cardholders. Aside from its 146 million cardholders, it also has a substantial 39 million partner vendors. That said, they are launching their…

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