IIoT Telecom has presented new concept of Industrial IoT on Blockchain
The Industrial Internet of Things is a large part of the Internet of Things, providing services for industrial enterprises, agricultural enterprises, municipal services, etc. The Industrial Internet of Things is a multilevel system that includes sensors and controllers installed on the nodes, which are aggregated on the IIoT Platform. This is the transmission scope of the collected data and its visualization, powerful analytical tools of interpretation of the received information and many other components.
The transformation of the industrial sector has already begun. Information management systems, based on broad connectivity, real-time data, advanced analytics, and execution software can improve performance and enhance competitive advantage not only for one plant, but also for the global industrial enterprises and their valuable chains. However, we still have a long road to success to go. Most of the industry has to discover these new solutions for itself.
IIoT Telecom is one of the first companies which connects IIoT to the Blockchain. The company’s strategy is simple and ambitious: cover all the large cities by wireless networks based on LoRaWAN technology (wireless transport message delivery for the Internet of Things), and implement specialized software — a decentralized Platform for the Industrial Internet of Things based on the Blockchain (IIoT Platform on the Blockchain).LoRaWAN wireless access will be the main access technology for the IIoT Platform, but not the only one; access is possible from any available technology — Wi-Fi, Internet, cable connections etc.
Is it possible?
The IIoT Platform — decentralized specialized software on the Blockchain, allows you to gather information with numerous “smart” IoT devices, store this data in the Blockchain, and process the data according to inherent algorithms. Further information may be issued in the separate external business support system (OSS/BSS) of the Customer, and provides visualization and analysis of the obtained data in the personal account of the Customer and the Client. Thanks to the Blockchain technology and decentralization it will be easy to provide high availability, scalability, and dependence on the IIoT Platform.
Development of prototypes of LoRaWAN equipment and software for the IIoT Platform on the Blockchain have already been in development since 2016. The prototypes of the LoRAWAN devices, as well as an alpha version of the IIoT Platform have been developed.
This Project promises to become one of the largest in the world. And this is the first application of the Blockchain in the field of Industrial Internet of Things that offers payment for services in its own I2 cryptocurrency.
Is it possible to make money with this project?
Of course.
IIoT Telecom earns money through the provided services of the Industrial Internet of Things for large enterprises, city services and households, as well as for ordinary people.
Services are diverse:
- remote smart collection of reading results of electricity,
- gas and water meters,
- smart parking reservation via a special application,
- smart sensors, which allow to optimize the movement of workpieces on the production,
- smart sensors that determine the place of a breach in gas and oil pipelines,
- and many other smart services.
What’s interesting, is that the company is planning to cover about 50 million Customers by 2022 in 1,000+ cities around the world. If we keep in mind that the total number of devices in the Internet of Things will be 30 billion in 2020 already, I think our goal is achievable. Payment for the IIoT Telecom Services is planned to be made in its I2 cryptocurrency issued on the basis of Ethereum.
A quick capture of the Market of the Industrial Internet of Things will be provided due to the launch of the Franchise.
After deploying a complete LoRaWAN infrastructure and full coverage of each city, we will be offering additional services for all the third-party Partner companies, developing solutions in the field of the Internet of Things. Infrastructure as a service on the Blockchain (IaaSB). After deployment of the LoRaWAN transport network and deployment of a decentralized IIoT Platform, IIoT Telecom’s IaaSB will provide a complete infrastructure to theBlockchain and tokenization of any IoT decision from any manufacturer. Each IoT-solution manufacturer in the future will get the most advantage of the Blockchain! The decentralization of the IIoT Platform will be realized on EOS or SONM technology.
Don’t forget that we started PRE-ICO on February 19, 2018!
Visit https://iiot.tel for more information.
WP: https://iiot.tel/wp-iiot.pdf
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