IoT BANK
ABOUT THIS PROJECT
We invented and launched the world’s first Internet of Things bank account for Intelligent Environments.
The IoT Bank automatically detects overspending, then gives users an electric shock or turns their heating down to save hundreds on energy bills each year.
For example, overspend and the Pavlok wearable device automatically delivers a 255 volt electric shock, while Nest Thermostat automatically turns users’ heating down to save over £255 a year in bills.
The innovation was a worldwide smash. It got banks and credit card companies implementing genuinely useful IoT applications. Technologists began talking about better, more design-led, IoT applications. While over 500 media outlets and 100 influencers extolled the innovation’s benefits.
Read more here.
