The world of IoT and Digital Assets manifests itself in silos of information. When these digital assets need to function in ecosystems that involve multiple entities and need to transcend trust boundaries, it poses a challenge with the status quo in technology. If the promise of smart cities or self-driving cars and other such initiatives are to come to fruition, it requires a technology substrate wherein digital assets can discover, authenticate, communicate and transact securely.
Our vision is a world in which the certifiable tracking and compliance of digital assets function. These digital assets would need to interact with other digital assets in ecosystems in which the ownership of such assets may involve multiple entities. This requires transcending trust boundaries and necessitates the development of a technology substrate for facilitating device discovery, authentication, communication and transaction management. We provide those building blocks to meet the needs of our fast evolving technology landscape.
We have developed a Digital Asset Management platform that tracks asset performance and compliance utilizing IoT and Distributed Ledger technology. Our technology is end to end from data acquisition through sensors to Ethereum/IOTA integration. We have cracked the code for digital ID management, product provenance, information validation, usage based billing, and smart contracts for a sharing economy.
The best way we know on how to demonstrate the need for our technology is through some everyday use cases that everyone can relate to. We present four such use cases below. Kindly click on each icon and watch the animation. If we were to describe in words, basically the common thread among all the examples is that when we transition into an ecosystem where devices or digital assets are owned by different entities, trust issues crop up. To address such trust issues, we need a technology platform to help mediate the issues. The NetObjex platform with IoToken will help do just that.
Most major fast food chains with drive through options generate over 70% of their revenues from drive-thru purchases. A car equipped with a Digital Wallet can now transact with a Fast Food drive through counter using this wallet. This improves service times, reduces wait times and long lines and has the potential to improve customer satisfaction and impact topline and bottomline financial metrics.
Manufacturers of high end luxury merchandise have always sought to fight counterfeiters through a variety of means. Now, blockchain technology combined with our UBC code helps thwart counterfeiters. Our UBC mechanism also reduces or prevents counterfeits being sold in place of genuine products. Buyers can now verify the UBC on a product in real time on the blockchain versus replicas.
Every manufacturer today has fragmented data as far device warranties, software updates, user guides etc. When appliances change hands, many a time, war- ranty information is not updated and ownership changes not reflected in any official records. This applies to cars, appliances, and most equipment. With all equip- ment, universally adoption our UBC Code, it is becomes easy to trace and track information related to any device and ensure that relevant information is up to date.
Drones are autonomous devices that being used for a number of different applications from surveillance to product delivery. In the product delivery use case, we anticipate that similar to the FedEx or UPS rep having to need some form interaction at the point of delivery, drones will have to have a handshake with drone pad at the destination prior to a dropoff. IoToken would be a perfect mechanism for such an interaction.
The sharing economy e.g. Uber, AirBNB is in full swing. we enable other businesses to unlock their own spare capacity through smart contracts and usage metrics to generate revenuesnot only five centuries.
The power of IoT comes to light when one can modify business models. One such ability is usage based billing and now that is possible across multiple domains by virtue of better data acquisition methods using IoT.
Ensuring that an item is what it claims to be may seem basic at the surface but much more compli- cated at the core. We enabled consumers and enterprises to discern between new and used, fake and genuine products through this facility.
We have the ability to track products as they make their way through an assembly line or any other step-wise process cycle to ensure they have completed each stage
We have a Universal ID for all devices that enables one to uniquely identity all devices..
The NetObjex Digital Operating Platform for Smart Devices version 2 was launched complete with Blockchain Integration .
The Distributed Ledger Query Language and interoperability with multiple ledgers including Ethereum, Hyperledger, IOTA, and launched.
Decentralized Registry for Smart Devices, Energy Data Marketplace trading in Renewable Energy Certificates, and support for interoperability with Stellar completed.
Development of ST-20 Security token and updated whitepaper to reflect STO Offering.
Presale of security tokens to accredited investors begins.
Commencement of crowdsale of security tokens to accredited investors
We have a compelling platform and business
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