A Grand security challenge has been launched by Cisco for the programmers to participate in patching up of security flaws in Web connected appliances and devices. The Grand challenge is called “Internet of Things”.

Concept behind the “Internet of Things” is aimed at making devices, gadgets, appliances and transports all interconnected in the name of convenience and Big Data — whether businesses want additional data on their customers or consumers want to control their appliances through their smartphones.

Prizes worth up to $300,000 is being offered by Cisco for those who can solve security issues surrounding the “Internet of Things” concept.