Are existing commercial-judicial frameworks conducive for innovation in IoT?

The Internet of Things (IoT) has emerged as a transformative technology with widespread use, globally and in India. IoT is the connection of devices through software, sensors, and other new technologies for intercommunication and connection with the Internet with applicability in a wide variety of products and appliances. With the current and anticipated advancements in technology, IoT is no longer limited to smartphones, but it extends so far as to include smart-wearables, connected drones, cameras, smart home locking systems and even smart implantable medical devices and smart tattoos.