Current estimates predict that there will be six times more (50 billion1) smart devices in the world by the year 2020 than there currently are U.S. dollar bills in circulation. At the same time, customers, companies, and governments are panicking over the privacy implications2 of such rapid growth. These concerns are especially troubling given recent news revealing how worldwide internet traffic is often being illegally monitored.
Furthermore, most of whatever positive benefit that results from the rise of IoT will be disproportionately allocated to those already most well off. This can already be seen in the current state of the internet, which has left over 4 billion3 people disconnected and has crippled the average middle class consumer with a monthly phone bill of over USD1004.
Unplugged provides the IoT with an alternative way to share information by leveraging a wireless communications network built off the proximity based connectivity in modern smartphones (e.g. Bluetooth) and soon to be integrated into all smart devices. With Unplugged, information travels encrypted, device-to-device, until reaches its final destination. Not only is the system more secure, but it can actually earn money for the users.
Resistant to natural disasters and spikes in network usage, Unplugged provides a solution with benefits for people from all socioeconomic backgrounds.