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In the coming years, the world will witness the quick advance of the so-called Internet of Things, also referred to as the Internet of Everything. The Internet of Things will mean that, in the near future, more and more products will be fitted with computer chips and sensors, that are connected to the Internet. Reasonable estimates show that by 2020 more than 50 billion objects will be linked to the Internet worldwide. These so-called smart products can be controlled and or monitored through the Internet. Examples include cars, medical equipment, street lightning, home appliances (e.g., refrigerators, heating and microwaves), security systems, fitness equipment and, navigation systems. As a result, a growing number of daily activities, such as, switching on the lights or heat, will be done via the smartphone. By itself, the Internet of Things will lead to new business activities and jobs, in particular in the technical sectors in developed countries.