USE CASE
Involved parties
Digital Mainport, IBM, LTO Network, V-ID
Environmental data is an important source of information for social domains such as policy, legislation, taxation and investments. After all, the data is used to identify trends, to uncover connections and to demonstrate patterns.
The important role of the data from these types of measurements makes them vulnerable to influence by parties with an interest in the developments within such a social domain.
Digitisation is key to drive the sustainability transformation forward. Data insights, combined and mined creatively, help us better understand our true impact, identify the most effective levers for change, and are also key to enabling circular solutions at scale.
Trust in devices is crucial for the data that follows from these devices, therefore these devices will be required to be audited by a certified party, guaranteeing the authenticity of the data pushed to the platform.
By creating the “internet of environment” (IoE) platform for rental properties, we’re looking to support a letting agency to provide better services to their tenants and to make better, more sustainable decisions in managing their properties.
Organizational environmental data is now scattered all over the place. In future white label environments, each organization will have its own dashboard, with its own data, to do their own analysis on that data.
LTO Network is a fully decentralized and highly efficient blockchain infrastructure that is easy to integrate in existing systems that brings efficiency and is production-ready. Blockchain ensures data integrity and immutability following from the devices.
Where LTO Network focuses on the underlying data security structures, V-ID is a practical platform, intended for direct application in daily work processes. Both companies, however, have the main objective of facilitating the widest possible application of blockchain techniques with the lowest possible threshold for adoption of this technology.
By creating the “Internet of Environment” (IoE) for rental properties, LTO Network and partners aim to support a letting agency to provide better services to their tenants and to make better, more sustainable decisions in managing their properties.
Since IoT devices are directly linked to the LTO Network blockchain, data is anchored without human interference.
Data is pushed from IoT devices to centralized systems, where the data is prone to mutation.
IoE provides an ecosystem where IoT sensors can emit data along with a proof of data origin and creation time.
We’re told that IoT devices can be trusted. But the data origin is still unknown to third parties and the public.
LTO’s blockchain is optimized for anchoring, making transactions near instant and affordable.
Traditional blockchains tend to be very slow and expensive to anchor this many transactions.
Combining Blockchain, IoT and predictive analytics will be key to enabling circular economy value chains.
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