Governance of the Internet of Things—From Infancy to First Attempts of Implementation?

In the course of the Internet’s growing importance within the last decade, the Internet of Things (IoT) has also been a subject of much debate. Being defined by the International Telecommunication Union (ITU) as the development of item identifications, sensor technologies and the ability to interact with the environment, the term Internet of Things, in more simple words, stands for a technology that is based on the connection of everyday objects to the Internet which exchange, aggregate and process information regarding their physical environment for providing value-added services to end-users. Notwithstanding the extensive research activities having been conducted in the recent past and the broad consensus as to the necessity of a basic normative framework for IoT applications, a final multilateral agreement is still missing. In this respect, an analysis of possible approaches solving the present challenges seems to be worthwhile to conduct.