IIOT

IIOT Telecom is working on providing services for the industrial internet of thing by making use of blockchain technology. There are two main components of their business. They are a LoRaWAN wireless network, and a decentralized platform for the IIoT. The IIoT platform will gather large amounts of data from smart devices which will then be stored on blockchain and processed using specialized algorithms. The information stored on blockchain has the ability to be sent to various business systems for analysis and visualization. Blockchain technology creates an independent and widely available platform.

The IIoT platform plans to make use of already established technology from startups like SONM. This way, they can focus more efforts into things like advanced programming and algorithms. The LoRaWAN devices are going to be manufactured in partner facilities to reduce costs as well. The plans are to provide medium to large sized cities with wireless network coverage using the LoRaWAN technology. These networks will facilitate the transport of data.

Some potential services include these options. There can be data gathered from utility meters such as water, electric, and gas. A parking and reservation system is possible. The use of sensors can help determine the optimal placement and movement of equipment or goods in a factory. Also, sensors could be used to help find breaks in oil or gas pipelines. There are also many other potential applications of this technology. By the year 2022, the goal is to be in more than one thousand cities worldwide with over fifty million connections.

To pay for services that will use the IIoT platform, payments will be made using their own cryptocurrency token based on the Ethereum blockchain. People who use the IIoT technology for their businesses have the potential to cut costs and increase advantages over other companies. If you are curious to read more about the project, I have listed a few links below.

USERNAME PROFILE:Rizalkurniawan

ETH:0xC6281Abcd4085D092a937003FAC019Fdd5296906