Imagine a world where your watch is connected to your coffee machine, which is connected to your car, your fridge and your shower.
That’s the basic idea behind the ‘internet of things,’ and it’s a concept that has one Adelaide based start-up literally launching into space to achieve.
Nano-satellite company Fleet Space Technologies is currently building what it calls a ‘constellation of satellites’ with the idea that one day millions of everyday devices and items will be able to be linked via space.
It may say sound like fantasy, but the company has already launched four satellites into space through partnerships with Elon Musk’s SpaceX and New Zealand company Rocket Lab.
And Musk isn’t the only entrepreneur interested.
During a $5 million capital raise in 2017, Fleet secured backing from investors including Atlassian co-founder Mike Cannon-Brookes and Silicon Valley’s Horizon Partners.
“It’s that idea of connecting everything. Connecting billions of sensors in the cities and in the industries. And we decided to create a new internet for these things in space,” co-founder and space engineer Flavia Tata Nardini told Your Money Live.
Nardini says the first step for the company is to help industries in isolated areas, such as farms and hydroelectric plants, to be better connected.
“It’s happening. It’s called the fourth industrial revolution,” she said.
“We’ve spent the past 40 years of our life connecting people to the net, to 3G, to the cloud – it’s been 90 per cent of the revolution. But now it’s changing. We’re going to connect everything.”
Watch the video above for the full interview with Nardini.
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