E-Commerce Model Based on the Internet of Things

Over the past decade years, the rapid development of Internet-based technologies has resulted into the shorter life cycles of services. The fourth generation mobile communication technology standards, cloud computing, big data, wearable and physical networking will affect consumption behavior, and change the e-commerce module. This paper provides an e-commerce models for Internet of Things (loT), services and people applications. Though a literature survey, interviews and a survey among practitioners, we built blocks which are relevant in an Internet of Things business model, which can be focused on within these building blocks and the relative importance of these building blocks and types. The framework can be used for creating e-commerce models for Internet of Things applications.