Whether in private or business environments, the Internet of Things (IoT) is connecting physical and virtual objects. Smart watches, for example, can communicate with fitness applications and health databases via 5G to ensure a healthier life.

Smart Contracts in the Internet of Things

As a central driver of digital transformation, the Internet of Things is revolutionizing the economy and everyday life. Smart contracts are mostly used to control the exchange of data between products and applications. They enable, for example, automated purchase contracts, transactions, billing, and the management of the hardware used.

Blockchain & Security 

In the Internet of Things, many transactions contain sensitive data. Security is therefore of central importance. The cryptographic encryption methods of the Elrond blockchain – with the Secure PoS consensus method – are particularly suitable for the development of your IoT project. The decentralization of data and network nodes (servers/PCs) ensures a high level of fail-safety. The so-called “single point of failure”, for example due to a server failure, is excluded.

Blockchain & home comfort

In modern new buildings, smart home devices control the air-conditioning technology and ensure optimum shading and light output, for example. This increases domestic comfort and significantly reduces operating costs.

Blockchain & Quality of Life 

Blockchain technology enables technologically-advanced assistive devices for people with visual, hearing or mobility impairments. This improves their quality of life.

Blockchain & Fitness 

Blockchain technology can be used to implement customized fitness applications, for example with interfaces to health data and medical recommendations. Wearables, such as fitness wristbands for pulse measurement and step counting, encourage people to exercise or automatically sound the alarm in the event of cardiac arrhythmia. The range of possibilities is enormous.

Blockchain in Health & Pharma 

In pharmaceutical companies, clinics, and medical practices, IoT technology controls the quality assurance of medications by monitoring storage temperatures and transport routes. Smart beds detect whether patients leave their beds and, if necessary, sound the alarm to the nursing staff.

Blockchain in Trade & Logistics

In supply chain management, smart technologies use M2M communication to monitor the condition and position of goods or equipment, for example, to automatically trigger ordering processes or maintenance and repair orders.

Blockchain & Agriculture 

On farms, sensors detect when animals run out of water or food. A pulse ensures automatic refeeding according to need.

Blockchain & Entertainment 

In the entertainment industry, smart technology analyzes crowds at events to avoid critical situations such as crowded entrances.

Blockchain & Energy Supply 

The Elrond blockchain provides operators, regulators, investors and insurers with accurate information about the condition and ownership of their assets. This enables asset management to easily execute operations and automate their maintenance processes.

Istari Vision

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