[Tech] Business Model — Applicable Fields2

ReapChain(REAP)
ReapChain Official
Published in
3 min readJan 18, 2023

Hello! everyone! It’s a ReapChain! Today’s topic is the Business Model — Applicable Fields2.

Smart home energy management service

Power companies utilizing ReapChainBaaS can operate efficiently by producing an appropriate amount of power by analyzing the power consumption amounts of individual industries and households. As a result, the service providers can prevent unnecessary energy consumption by providing the required authority to each household at the right time.

Users can receive transparent and reliable services through individual device status-related data and power consumption analysis data. In addition, manufacturers can get Real-time data regarding power consumption amount and device status.

< Figure 11. ReapChainBaaS-based power system flow chart >

Step1. Transmission and verification of the various data and power consumption amount generated from ReapSDK-applied smart home devices.

Step2. Continuous transmission and verification of device status and power consumption data through smart home devices.

Step3. Checking the amount of power each household needs by a power company and analysis of the device status data to improve service quality by service providers through ReapPlatform.

Step4. Reception of reliable data and verification of information for smart home individual devices at each household.

Smart vehicle service using driving data

Service providers utilizing ReapChainBaaS provide information on the surroundings of drivers by checking in detail based on V2X (Vehicle to Everything) data to car manufacturers, car users, and service providers. As a result, car users receive convenient vehicle-related services, and car manufacturers can increase sales by producing equipment that service companies need. In addition, as service providers, insurance companies can provide customized services, such as differentiated products based on the driving habits of car users.

< Figure 12. ReapChainBaaS-based vehicle service flow chart >

・ V2X (Vehicle to Everything): With the vehicle centered, this technology exchanges or provides information with other devices delivering wired and wireless networks.

Step1. Continuous transmission and verification of data from a vehicle’s internal/external devices that ReapSDK is applied.

Step2. Reception of vehicle driving and status data and transmission of analysis data by vehicle service companies through ReapPlatform.

Step3. Reception and verification of reliable vehicle data through interlinking the devices by car users.

Step4. Providing customized vehicle-related services based on analyzed data through ReapPlatform.

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