The Electronics and Telecommunications Research Institute (ETRI) has signed an Memorandum of Understanding (MoU) with Samsung to cooperate in developing an open-source standard for Internet of Things (IoT). ETRI has exchanged letters of intent with Samsung that outlines its plans to cooperate in building an open-source, standard platform for IoT devices, and expand this technology at home and abroad.
Back in July 2014, Samsung formed Open Interconnect Consortium (OIC) in collaboration with Intel, Broadcom, Dell, and Atmel, which is a consortium aimed at developing open-source compatible standards to connect IoT devices. ETRI is also going to host an OIC conference with Samsung in Seoul on May 13. Global technology brands like Google and Qualcomm have forged alliances and started developing open-source IoT standards.
Samsung has set its sight on the IoT and home automation industry for further business expansion. It acquired SmartThings for around $200 last year, and it is expected to announce new home automation products in Q3 2015.
