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IOTA Micropayments Enable Worldwide Use of Lidbot
Lidbot Sensor uses IOTA-Tangle for intelligent waste management.
The Lidbot sensor connected to the Internet of Things is not just a sensor. It is the smallest and most intelligent level sensor for solids and liquids currently available on the market. It is also based on the IOTA-Tangle and its first batch was sold out after only 4 days.
The sensor was first released for commercial sale on 20.01.2020 and the first batch of the sensor was released for the industry at a reduced price.
The hardware device measures the level of waste bins in real-time and sends the data to the IOTA-Tangle. MIOTA micropayments are used to control Smart Contracts on the IOTA-Tangle. The decentralized waste management system receives the information and empties the full trash can on the next tour or directly takes care of the emptying.
This saves the otherwise standard planned tours along half-full or even empty waste bins and thus reduces costs for personnel and vehicle fleet in particular.
Token MIOTA pays in Smart Contracts
The Lidbot sensor is economically attractive to purchase, small and lightweight and can be easily integrated into existing systems. Especially in large buildings or traffic junctions such as airports and train stations, the sensor with IOTA technology makes an important contribution on the way to smart cities.
The Distributed Ledger Technology on the IOTA-Tangle ensures high scalability and thus mass market suitability with a high economic aspect. MIOTA micro payments then enable IoT devices such as the Lidbot Sensor to communicate with the network.
The rapid development and the resulting enthusiasm for the sensor began in Taipei City, more precisely in the Taiwanese capital’s city hall. There the presentation of the first Lidbot sensor takes place under the attentive eyes of 150 live stream observers.
In cooperation with the Tangle ID API of the long-time IOTA partner BiiLabs, the system sends a signal every 30 minutes from 18 sensors located throughout Taipei City Hall.
Without a doubt, the Lidbot project stands for responsible use of resources and the associated waste avoidance. But the questions are also: What happens to the garbage after it is collected?
IOTA-Tangle perfect for IoT devices
All participants can view each step in a series of transactions. The aim is to follow up on the waste beyond the time it is placed in the garbage truck. This would ensure that it is disposed of properly.
To do this, the waste is given a unique digital identity that is controlled and managed via the TangleID app. The truck that picks up the waste is also digitally signed and uniquely identifiable. The truck is then emptied by a person at the waste disposal station. This person also receives a digital ID, thus closing the chain from simple waste to professional disposal. All transaction steps are initiated by MIOTA micropayments and mapped in the form of Smart Contracts.
IOTA-Foundation works on Smart Citys
At each stage of the disposal process, each transaction triggered by MIOTA micropayments becomes a Smart Contract. These can be processed independently on the IOTA-Tangle without any external intervention or control — even decentralized. There they are also stored securely, permanently and transparently. This is just one of many possibilities for using the technology behind the cryptocurrency.
That the sensor works in so many countries is also thanks to the Japanese company Soracom. Thanks to roaming technology at a surprisingly low price, as the IOTA Foundation points out, almost every Lidbot sensor is equipped with a global SIM card.
However, in the US, a domestic telecommunications company is involved as the responsible cooperation partner, distributing the Lidbot sensors through its own sales agents. And these are after all over 2000 sales agents who distribute the Lidbot in the USA as an IoT solution.
Lidbot.Robin intelligent waste container
The Lidbot sensor operates without power and is equipped with a battery that lasts at least 5 years. It allows the use of an RFID card scanner for the disposal personnel. Within a smart city, its use saves valuable resources. As lidbot.robin you can buy a finished product, i.e. an intelligent waste container with integrated Lidbot.
The intelligent waste system also fits perfectly with the participation of the IOTA Foundation in the European project +CityxChange for the development of solutions for smart cities. Buildings should be able to transmit excess energy within their block to other buildings using modern transmission possibilities. Of course for a fee and at competitive prices.
Smart contracts run on the decentralized general ledger in the IOTA tangle. This technology enables the use of dedicated energy meters that can communicate automatically with each other. The decentralized request for energy is done automatically via a P2P service package.
IOTA technology very versatile
In addition to the global waste problem, the intelligent Lidbot sensor can also ensure safety in clinics and laboratories, for example. With Lidbot, every waste bin or container can be a device in the IOTA ecosystem. The sensor sends a corresponding message when a pre-defined fill level is reached.
With artificial intelligence and other measurement data, Lidbot could track infectious, hazardous or radioactive waste in a hospital at any time. In the event of an epidemic or pandemic, as the WHO has just classified the worldwide spread of the coronavirus, it could also provide comprehensive data on the type, location, time and collection of hospital waste.
Despite a corona pandemic, the IOTA course is stable or slightly positive. And thus confirms the positive MIOTA forecast for 2020 to 2025.