Now, the energy IoT devices report data in intervals, causing delays and inaccuracies in data readings, billings and accountings. Blockchain provides an infrastructure for near real-time data measurements to all entities on the commodity markets.
To address the limitation of public infrastructure, blockchain can be used to enable consumers to make their chargers available for public use, enabling users to either rent charging time or receive payments. It can also help to track the energy from generation to electric vehicle.
Contrary to the traditional grid, where one change affects all stakeholders, a microgrid is an autonomous entity, that can operate within the grid, disconnect from it or operate on its own. That way it can serve as a backup energy source, with blockchain managing its peer-to-peer transactions among community.
With the rise of renewable energy sources, the households now have the opportunity to become energy producers, and thus generate and trade their own energy directly peer-to-peer.
Using blockchain, end-users can manage the access to their personal information. By providing means for simple, secure and frictionless authentication process blockchain and identity management are a perfect fit, offering carries the opportunity to overhaul legacy systems to be more cost-effective and user-friendly.
The modularity of smart contracts which can execute different business logic allows the blockchain technology to easily streamline several processes, including operations and business support, billing and databases, whilst still making sure the data is untampered with and accessible to all authorized stakeholders in real-time.
The number of mobile users is high and continues to rise. Consequently, mobile money services are a global trend from which telecommunication providers could greatly benefit by making international payments possible by quick and reliable identity verification.
In a connected world, smart devices can perform and execute orders in a number of IoT applications, including those for smart homes, smart cities, connected vehicles and more. This is why mobile operators today are fast turning into IoT service providers. In this case, blockchain could serve as an additional layer of security in peer-to-peer data exchange, ensuring the data transactions are fast and protected.
Keep an accurate and authentic data base to maintain efficient processes for ordering, tracking and selling the stock.
Create a fully integrated system to track the shipment from the moment it leaves your facility until the point it reaches its final destination.
The cost of handling paperwork is many times bigger than the cost of handling the billing in a digital format. Reduce the costly administration while making data transfer more accurate, efficient, reliable and secure.
Track shipment, find the most optimal route for delivery, or conduct payments required by third-party shipping companies to ultimately deliver a quicker and cheaper service for your customers.