Abstract: This invention relates to flowable devices and methods of utilizing such flowable devices in wellbores to provide communicate between surface and downhole instruments, among downhole devices, establish a communication network in the wellbore, act as sensors, and act as power transfer devices. The flowable devices are adapted to move with a fluid flowing in the wellbore. The flowable device may be memory device or a device that can provide a measure of a parameter of interest or act as a power transfer device. The flowable devices are introduced into the flow of a fluid flowing in the wellbore. The fluid moves the device in the wellbore. If the device is a data exchange device, it may be channeled in a manner that enables a device in the wellbore to interact with the memory device, which may include retrieving information from the flowable device and/or recording information on the flowable device. The sensor in a flowable device can take a variety of measurement(s) in the wellbore.