A Forward-looking project — How ROAD shape the future

Development of Communication Technology and Internet of Things Strategy

Due to the development of communication technology, from 2G to 3G to the current large-scale use of 4G, our mobile phones from receiving text messages, and making calls at the beginning has become a small, portable personal computer. A lot of applications have been developed on mobile phones. Because the network speed and bandwidth are sufficient, we can watch live streaming videos, we can play online games with multiple people together, and we can shop anytime, anywhere. This is inseparable from the improvement of communication technology.

At present, the hottest communication technology is 5G. Its bandwidth and speed will far exceed 4G, which brings more possibilities for application scenarios. The Internet of Things is mentioned by us frequently. The Internet of Things will connect various devices to the network. It is reported that the number of devices connected to the network will reach 50 billion in the future. The Internet of Things has become a new battlefield for many companies, IoT has become Alibaba Group’s new main track after e-commerce, finance, logistics, and cloud computing.

Internet of Vehicles — a huge market that cannot be ignored

In the Internet of Things, the Internet of Vehicles is a direction that cannot be ignored. Automotive market is a huge market. Based on the automotive market, there are many giant companies, such as Toyota, Volkswagen, and GM. These are among the top 500 companies in the world. We know that the automotive market is very complex. In the future, internet of vehicles will gradually enter people’s horizons and become an integral part of our daily lives. It is reported that the capacity of the IoV (internet of vehicles) market will reach the trillion level in 2025.

The future of a company’s business depends on how early he can plan for the future and how much advance he can make. Only by occupying the first-mover advantage of innovation in the fields of technology and applications, will business move Comparative developed than others. For example, Alibaba began researching cloud computing ten years ago, so that Alibaba Cloud Computing now has the first-mover advantage, and it will also gain market share and opportunities earlier than other companies in cloud computing achievements.

ROAD- Life Cycle auto-ledger for Car

In order to create the first-mover advantage of technology and applications, ROAD creatively proposed the concept of a car’s full life cycle ledger. The addition of blockchain + IoV technology will ensure the complete care of the car throughout its life cycle.

What does life cycle instinct do?

A life-cycle ledger gives each car unique ledger data. According to this ledger data, ROAD can access more third-party service providers. Such as used car trading platforms, auto finance, auto insurance, car maintenance, etc. ROAD will be able to create a marketplace and all access parties will be able to create good services for car owners through this trustworthy platform. At the same time, third-party service providers can also get profits.

Another aspect is car’s entire life cycle ledger must guarantee security and privacy. Therefore, ROAD uses a INT Chain-based blockchain architecture to build a parallel chain. Among them, a unique masking algorithm is used. This makes the car’s life-cycle ledger safe, and in the meantime, it can help two parties that are really involved in the transaction get the real data through the API interface under authorized conditions by their private keys. This not only ensures the security of the data but also enables transactions to create value and trust for both parties.

ROAD: Provider of blockchain + IoV solutions.

Here is the community article from Jinse.com.

The original link: https://www.jinse.com/blockchain/535479.html