Slock.IT

Connecting all things, the Universal Sharing Network will form a financial Internet where machines can not only sell and rent themselves, but also pay for each other services. For example, an office door can open itself when paid, while a fridge could order its own repairs. Slock.it aims to address security, identity, coordination and privacy accross millions of devices by making them autonomous. Slock.it gives connected objects an identity, the ability to receive payments, enter into complex agreements and transact without intermediary, leading to cost savings. Our technology lends itself very well to deeper IoT integration, both in the commercial and industrial sectors, where we are piloting networks of autonomous devices operating as part of an Economy of Things, engaging in contracts with each other, paying each other for their services, yet never having to be centrally managed.