IIOT Telecom
IIOT Telecom is working to provide services for the Internet industry by using blockchain technology.
There are two main components of their business. They are a wireless LoRaWAN network, and a decentralized platform for IIoT.
The IIoT platform will collect large amounts of data from smart devices that will then be stored in blockchain and processed using special algorithms.
The information stored in blockchain has the ability to be sent to various business systems for analysis and visualization. Blockchain technology creates an independent and widely available platform.
The IIoT platform plans to take advantage of established technologies from beginners like SONM.
In this way, they can focus more on things like programming and advanced algorithms.
LoRaWAN devices will be manufactured at partner facilities to reduce costs as well.
The plan is to provide medium to large cities with wireless network coverage using LoRaWAN technology. This network will facilitate the transport of data.
Some potential services include this option. There is data that can be collected from utility meters such as water, electricity, and gas.
Parking and reservation systems are possible. The use of sensors can help determine the optimal placement and movement of equipment or goods in the factory.
In addition, sensors can be used to help find pauses in oil or gas pipelines. There are also many other potential applications of this technology.
By 2022, the goal is to be in more than a thousand cities worldwide with over fifty million connections.
To pay for services that will use the IIoT platform, payments will be made using their own key crypto token based on Ethereal blockchain.
People who use IIoT technology for their business have the potential to reduce costs and increase profits compared to other companies.
If you're curious to read more about this project, I've listed some links below :
Author : Motta1008
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