ELROND ♥ USE CASE
The Internet of Things and the blockchain
Whether in private or business environments, the Internet of Things is networking physical and virtual objects. Smart watches, for example, can communicate with fitness applications and health databases via 5G and 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 realization 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.
The Internet of Things in private use
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 noticeably 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.
The Internet of Things in Industry 4.0
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.
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.
In the entertainment industry, smart technology analyzes crowds at events to avoid critical situations such as crowded entrances.
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 derive maintenance measures and automate maintenance processes.
More about the Elrond blockchain
Let us show you why we are convinced of the Elrond blockchain technology.
Elrond is a high-performance blockchain technology based on the proof-of-stake consensus mechanism. It was developed to eliminate vulnerabilities of other blockchains. Actually, we claim that Elrond is the best blockchain technology in the world.
Would you like to learn more about the potential of the Elrond blockchain for your company? Our experts will be happy to advise you. Free of charge and without obligation.
Advantages of the Elrond blockchain
Let's talk about Elrond and the Internet of Things.
Want to learn more about the potential of the Elrond blockchain for the Internet of Things?
Contact us for an orientation meeting. We look forward to hearing from you!
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