The “Web of Things” is the rapidly evolving informational universe derived from solutions interconnecting the “Internet of Things” to the World Wide Web…
Internet of Things:
The Internet of Things refers to a network of objects, such as household appliances or digital controllers, etc. that uses the networking technologies or backbone of the Internet (TCP/IP). The Internet of Things gives everyday devices an IP address and lets them plug into the Internet. The “Internet of Things” is an enabler for the larger applications universe for interoperability of information and control known as “The Web of Things”.
Web of Things:
The Web of Things is a vision inspired from the Internet of Things where the everyday devices (i.e. same household appliances or digital controllers above) that contain an IP address are connected by fully integrating them to the Web. The “Web” technologies (i.e. HTML, HTTP, RSS, etc.) are used to access the data and empower the functionality of the smart devices. It is the Web of Things which can truly unlock the potential of device networking. IP enables inter-networking, but Web technologies enable information sharing for a typical person. The goal for the Web of Things is to provide “Smart Services” for everyone in the food chain.
Related News and Articles
http://en.wikipedia.org/wiki/Internet_of_Things
http://www.networkcultures.org/_uploads/notebook2_theinternetofthings.pdf
http://www.itu.int/osg/spu/publications/internetofthings/InternetofThings_summary.pdf
http://www.readwriteweb.com/archives/tim_oreilly_explains_the_internet_of_things.php
http://en.wikipedia.org/wiki/Web_of_Things
http://www.webofthings.com/
http://www.scribd.com/doc/16292620/Web-of-Things-whitepaper-v1
http://www.tridium.com/galleries/white_papers/WP-SedonaWeb.pdf

“The Internet of Things will enable forms of collaboration and communication between people and things, and between things themselves, hitherto unknown and unimagined.”
Source: ITU Internet Reports 2005