IoDLT case study
Creating affordable IoT and blockchain solutions to connect the real and digital world.
IoT stands for Internet of Things, which is the fast-growing category of internet-connected devices. Some examples of IoT devices are motion-activated camera records, thermometers for temperature-sensitive pharmaceutical shipping, and of course smart TVs and home appliances of all kinds.
Business Insider projects that by 2021 there will be upwards of 15 billion active IoT devices worldwide. As the volume of IoT data grows, it’s clear that users will need ways for IoT to interface with payment solutions and decentralized systems.
IODLT (Internet of Distributed Ledger Technology) is a company that uses Symbol from NEM to secure, record, and monetize data from a wide array of sources, including IoT devices.
IoT data, is increasingly difficult to manage, record, and verify. Data collection and recording should be secure, fault-tolerant, easily integrated with other systems, and properly incentivized.
Symbol from NEM makes it easy for IoDLT to verify and secure the massive amounts of data collected in IoT applications.
Using the Symbol blockchain, IoDLT has created Axon, a multipurpose, IoT device that interacts directly with Symbol exclusively. Axon can use a multitude of sensors to fulfill a variety of industry needs, including supply chain, medical data, alternative energy, and asset tracking use cases. The data from Axon propagates directly through Symbol, with no intermediary server to ensure the data’s integrity is kept. ANT$ is IoDLT’s decentralized, permissioned data aggregation protocol that uses Symbol to incentive data gathering. Axon integrates with ANT$ to provide seamless and secure IoT and M2M interactions with the option of incentivizing data.
For example, imagine many hospitals that want to share anonymized health data. Each hospital can keep their own patient data secure and issue permission tokens to partner hospitals. These permissions can’t be transferred to any other accounts and they give access only to the specific anonymous data configured in the token. This lets all the hospitals ensure their patients’ sensitive records can’t be accessed, while allowing the shareable data to be shared in real time.
Whether you are an SME, medical office or other enterprise user, IODLT can offer secure end to end blockchain and IOT solutions that scale to meet your business demands.
IoDLT disrupts and democratizes the emerging multi-billion dollar blockchain industry. IoDLT focuses on the deployment of Symbol-based blockchain solutions in real life business applications including healthcare, logistics, asset tracking, data aggregation, and IoT. IoDLT’s solutions are made possible by Symbol’s highly performant, secure, affordable, and modular blockchain.
Bader Youssef, Founder