Blockchain technology is bigger and bigger nowadays. From building a block that transcribes transactions, up to smart contracts that offer more and more. In this world of digital goods, and virtuality there is also a company that wants to connect with “our” world. As the early days of cryptocurrencies and nfts are passing by, more and more ideas immerge. Moving better and worse solutions from one world to another. From digital to real, and from real to digital. Building bigger trust and bigger security without killing privacy.
IoTex – a company that has a lot of interests, but a particular one is very interesting. It is one of not many companies in crypto world that actually produce hardware. Why is it rare? Mostly because of love for digitalization, and the lower costs that the “standard” crypto business model offers. So why did IoTex choose to actually produce something?
IoTex, for now, has two products:
Pebble – a small device that offers information such as:
– temperature
– location
– light
Ucam – camera?
Both of these two products have something unique in them. They are both connected to IoTex blockchain. Meaning they can be verified, proofed. Why would you need such technology tho?
Let’s start with Pebble. Why would you need a blockchain verified location? For example: imagine that your government wants to verify your location while you vote. You have to be somewhere in order to have your vote submitted. Or let’s say you are somewhere and in order to receive tokens from your employer you need to prove them your location.
Pebble also bounds temperature and light to blockchain, based on these measures you can build totally new version of DAO – Decentralised Autonomous Organization, that runs everything through code. It opens totally new ability for token economy.
What about Ucam?
Your own camera can’t be hacked, because you are the only person that has the key to operating the camera. Of course, it works through your crypto wallet.
As of today, they have over 10 000 devices sold and operating. Personally, I’m waiting for governments to get interested in such solutions. Using blockchain technology to control reality feels like future.
Sources:
https://iotex.io/
https://www.newsweek.com/new-iotex-ucam-looks-provide-unrivaled-privacy-security-1517040
I have read about this startup before, and there is a thing that I do agree with. When you want to monitor surrounding-safeness equals zero privacy