I O T A

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.

Photo by Jilbert Ebrahimi on Unsplash

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 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

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.

Photo by Kevin Fitzgerald on Unsplash

IOTA-Foundation works on Smart Citys

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 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

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.

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The Cryptocurrency Consultant

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Bitcoin, Blockchain and Cryptocurrency Educator. Passionate Writer. My talent is to easily explain complicated contexts.

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