STOCKHOLM (dpa-AFX) - Ericsson (ERIC) announced an initiative to accelerate the development of Internet of Things or IoT by establishing a platform for licensing of standardized technology to device manufacturers, spanning from autonomous cars to irrigation sensors.
The platform, operated by an independent company, will adopt a revenue sharing model for contributing companies and receive a mandate to license on behalf of the joining patent holders, aiming to simplify access to standardized technology.
The new platform will be headed by Kasim Alfalahi, who will leave his current role as Chief Intellectual Property Officer and Head of IPR & Licensing at Ericsson.
According to the latest edition of Ericsson Mobility Report, around 28 billion connected devices are expected by 2021, of which 15 billion will be connected machine to machine and consumer electronics devices.
Copyright RTT News/dpa-AFX