IoT systems and solutions are iterating rapidly, and providers are coming to meet more and more of companies’ and consumers’ needs.
The total number of IoT connections will reach 83 billion by 2024, rising from 35 billion connections in 2020, according to new predictions from Juniper Research. This represents a growth of 130 per cent over the next four years.
The continued growth of the IoT industry is going to be a transformative force across all organizations. By integrating all of our modern day devices with internet connectivity, the IoT market is on pace to grow to over $2.4 trillion annually by 2027.
Asset Leasing Inc. (OTC: LEAS), a company focused on leveraging technology assets with an initial focus on the Fintech Industry and the Internet of Things (IOT), recently announced its engineering team has begun blockchain and QR code integration into the Company’s flagship Cash App product.
Once complete the app will allow for real time tap-2-pay transactions in traditional marketplaces, peer to peer transactions and the ability to process standard as well as major crypto currencies such as Bitcoin, Litecoin and Ethereum within a single application.
Strategic intends to launch a beta version of its application in the coming weeks as well as making the technology available for businesses to license.
Additionally, the Company has decided to participate at the annual CES Tech Convention. www.ces.tech
As of now, this year’s convention will be held digitally from January 6th thru 9th. If the Consumer Technology Association decides to host in person presentations the Company will arrange to attend in Las Vegas.
Strategic will provide further announcements as the application nears beta launch as well as updates on the Company’s home security device also under development.
Jason Tucker, CEO of Strategic Asset Leasing, stated: “I’m really happy with our progress thus far and look forward to sharing our cash app with shareholders and the world very soon.”
The “Internet of Things”, simply put, are devices and objects that also have an online connection such as personal voice assistants, smart home systems, video doorbells etc. These are rapidly growing sectors and LEAS will be developing and licensing technologies that will help companies penetrate these markets, thereby increasing shareholder value.