IoT devices, they are any standalone devices that connect wirelessly to a network and you can track and control remotely.
The software is based on a distributed database powered by the HYPERLEDGER Fabric blockchain technology. All data is processed and stored in the blockchain ecosystem.
Smart contracts define device management rules for IoT devices, so they also provide data processing and automatic service provision.
A customer buys a product equipped with an IoT device, for example a TV. The system periodically and automatically monitors the customer’s payments in accordance with the smart contract. If the payment is not registered, the system will lock down the IoT device and the TV will stop working.
The platform provides a variety of services, such as sales credit, monitoring parameters of different assets, remote device control.
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