What if your client was a car? No, not the person who owns the car, but the car itself. Absurd, you say? Not totally.
Internet of Things is old newsFor starters, connecting devices to the Internet of Things (IoT) is getting ridiculously cheap. The Wall Street Journal said that last summer Onion Corp. sold an itty-bitty computer with Wi-Fi connectivity for $5. The drop in production costs means this space is evolving. It’s not just your TV and fridge that can connect to the internet. It’s much more ubiquitous now.
Payment of Things is herePlus, things are not just gathering and transmitting data. They are being programmed to link with a financial institution to initiate transactions on your behalf — paying automatically — with or without your help.
Read Article: http://goingconcern.com/banking-of-things-technology-accountants/