DiscoveryIoT – Introducing the World’s First Blockless DAG IoT Network 3 2182

[Birkirkara, Malta, August 12] Looking to disrupt a trillion dollar market, Discovery is setting up an IoT network targeting supply chain businesses. Discovery is set to revolutionize the traditional supply chain network through its innovative solution by bringing together blockchain technology, AI and IoT. The core of the Discovery network is comprised of three layers, the Cliot IoT tag, the user community and the data analytics/Artificial Intelligence engine.  

Cliot is a groundbreaking innovation being carried out at the smallest scale.  It is an IoT tag that utilizes backscatter technology to absorb surrounding electromagnetic waves (Cellular) to power itself up. Being developed at a cost as low as $0.10 per tag, Cliot lends itself to be a highly scalable solution for tracking everyday products. Cliot is being developed to communicate with devices within 30m range. In addition, it can also house a variety of sensors like temperature sensor, accelerometer etc., depending on various purposes.

The user community is a community of smartphone users that have the Discovery application installed on their phones. These smartphones act as nodes in the network with which Cliot communicates and transmits data over WiFi or Bluetooth. The communication automatically takes place without the active involvement of any user once the phone is in Cliot’s vicinity. Once the data is transmitted to the phones, the data is then transferred to the central server via the phone’s cellular network.  

Data analytics forms the third layer wherein the data received from the Cliot is processed using edge computing at the smartphones and sent to the cloud to capture useful insights about the processes in the supply chain. These insights ultimately help in strategizing businesses as well as in maintaining the quality of the products in supply chain. There is also an AI engine built into this layer, to give meaningful and predictive information to clients about their supply chain.

The Utility of Discovery Network

Streamlining supply chain provides businesses an opportunity to improve revenues as well as reduce waste, without having to suffer great amount of revenue loss through stock-outs, stock-obsolescence, untimely delivery, poor product quality, etc. Therefore, in the developed economies where retail is organized, Discovery’s solution provides optimization of businesses by giving access to deep insights from the sales data the network gathers. However, Discovery’s solution has the biggest disruptive potential in the developing economies in Asia and Africa where retail is highly disorganized. It’s almost impossible for clients to access retail data in such markets and the businesses often suffer from issues like stock-outs. Discovery’s network, therefore, has a scope to be a massively successful solution in these markets and its utility can be summarized below:

Low-cost tracking

With the Cliot tag priced at $0.10 and tracking cost as low as $0.04 per product per month, Discovery’s solution is inexpensive compared to the existing solutions available. Being cost effective, the solution can be massively adopted for daily products.

Real-time visibility

Discovery’s solution enables clients to get real-time insight into their stocks and supply chain management. This insight would provide an effective decision-making tool for forming successful business strategies.  

Artificial intelligence

The third layer that forms the Discovery network incorporates AI which enhances the network’s capability by providing clients with predictable and actionable information. This predictive capability can help clients avoid issues like stock-outs while the AI gets smarter as more information is added to Discovery database.

Custom analytics report

The data analytics layer of Discovery can provide clients with customized reports of their sales data according to the unique requirement of each brand.

Customer and retailer relations

As retailers do not receive any direct incentive in sharing sales data, they are likely not motivated to do so. In addition, it is not possible to know the retailer performance without having access to the sales data. With Discovery’s solution, companies do not have to deal with retailers as the products tagged with Cliot transmit relevant data.

Besides the utility that Discovery network allows for clients, the user community who facilitates the network’s expansion is also benefited in the following ways:

Instant rewards

The community members who lend their data to the Discovery’s network are rewarded on a daily basis without any delay.

Passive Income

The network is built such that community members are not required to be actively involved in the data collection from Cliot. The Discovery application only needs to be run in the background which can automatically pair up with Cliot tag as the user is in its vicinity.

Guaranteed security

The data collected through Discovery network is de-granularized and individually identifiable information is not shared, thus ensuring highest level of privacy and security.

Control over the data limit

Discovery provides users an option to configure the data limit according to user preferences in the application and it also allows them to set geographical limitations.

If you would like more information about this topic, please contact Selvam VMS through selvam.vms (at the rate) discoveryiot.com .

Source: Esthan, a tech PR Firm, and an Official PR partner of DiscoveryIoT

Contact: Sharon Pradhan
Phone: 905-728-5982
Email: sharon@esthan.com

Previous ArticleNext Article
This press release was not written by The Block Talk staff, and the facts of the press release have not been verified by The Block Talk editorial. Details about the source of the content can be found in the body of the press release. For questions about the companies featured in press releases, please reach out to the respective companies directly using the contact information in the body of the news release. For corrections, please reach out to The Block Talk editorial at info@theblocktalk.com.

3 Comments

  1. Admiring the time and effort you put into your blog and detailed
    information you present. It’s great to come across a blog every once in a while that isn’t the same old rehashed material.
    Wonderful read! I’ve saved your site and I’m adding your RSS feeds to my Google account.

Stakester Brings New Experiences and Royalties to Gamers with NFTs Comments Off on Stakester Brings New Experiences and Royalties to Gamers with NFTs 419

A cheat code NFT allows owners to accrue money, prizes and royalties in the context of popular games.

On Tuesday, Stakester announced its intention to launch a VIP pass in the form of NFTs that it says will enhance the experience for users of its popular gaming app. 

The app, which pairs gamers with real-life opponents, allows players to stake real cash and prizes on their competitive skills in popular games like FIFA 21 and Call of Duty: Warzone. It’s seen significant growth since its launch in 2020, and touts 100,000 members across 31 countries. 

With the forthcoming NFT drop, users will now unlock the potential for larger prizes, access to VIP arenas, and 50% of royalties on the secondary market.

“The NFTs embody Stakester’s vision of delivering electrifying gaming experiences through the thrill of competition,” says Tom Fairey, Founder and CEO of Stakester. “NFT holders will help us shape new, undreamt-of entertainment experiences as gaming becomes ever more powerful and immersive.”

Two levels of NFTs will be offered. At .1 and .25 ETH, respectively, the barrier to entry is high, but Stakester is hoping gamers will see the value of layered experiences and unlocking additional incentives with real-world value. 

“The idea of earning rewards, just like a normal reward scheme but built around NFTs, is totally fit for the future,” says Mike White, CEO and Strategist of immersive entertainment marketing agency, Lively.  “The whole idea of royalties is truly exciting.” 

Stakester’s 50% royalty incentive, Fairey believes, will create stakeholders out of the players on his platform.

 “As well as the increase in gaming utility, the NFT drops provide Stakester users with a chance to invest in the future of the company and, for VIP Legendary holders, there’s also an opportunity to benefit from a royalty share from certain competitions and to make a passive income from NFTs, regardless of whether they go up in value or not,” he says. “Stakester is one of the only platforms to offer this kind of bonus.”

White points out that Gala Games is doing something similar with Nodes which allow gamers to receive rewards like NFTs when they contribute meaningfully to the Gala Network.

He predicts that legacy gaming companies will be adopting similar NFT models, but the winners in the NFT gaming race are hard to predict, particularly since there’s so much attention around NFTs that it’s hard to differentiate between hype and long-term value. 

“I’m sure it will be an immediate success,” he says. “Will it be a long-term thing? We can only wait and see.”

Why Is Everyone Talking About NFTs? Comments Off on Why Is Everyone Talking About NFTs? 48

In this writer’s opinion the NFT hype is warranted — but not for the reason most people are investing. 

For those who’ve been in the space since Bitcoin’s early surge, you’ll remember the Initial Coin Offering (ICO) boom of 2017. The crowdfunding vehicle, which mirrored an IPO on the public market, brought with it massive amounts of investment into the blockchain space that seemed to mirror Bitcoin’s rapidly increasing value. 

In retrospect, none of it made sense. 

With all the hype, the investment in the space didn’t match due diligence. As of August 2018, investors had lost nearly $100M in ICO exit scams, a major reason we no longer hear about ICOs. 

From there, crowdfunding through token sales was rebranded alongside SEC regulation as Security Token Offerings (STOs). Additional fundraising iterations to enter the scene are Initial DEX Offerings (IDOs) and Initial Exchange Offerings (IEOs).

NFTs are having a similar moment to the immature and potentially reckless ICO market of 2017. The danger can be credited to a mix of hype and a widely unregulated environment with various points of entry and gatekeepers that are not incentivized to shore up fraud. 

As a result, many purchasers of NFTs are falling victim to a spectrum that spans undeserving projects on the mild end and outright scams at the extreme. Meanwhile, hackers are exploiting the unregulated environment. 

Just yesterday, $3 million in NFTs were stolen via an Instagram phishing scam. 

This writer, however, is still bullish on NFTs — just not the ones that are getting all the attention.

NFTs represent a concrete entry-point into the blockchain with a tangible utility and infinite disruptive implications. 

Here are a few.

Digital Assets as Social Proof 

As a Millennial, I personally have a hard time understanding the notion of owning and assigning value to a digital asset, but my kids don’t. 

I’ve written about how Gen Z has already adopted the concept of social proof in digital environments by assigning socially relevant value to digital assets like video game skins. 

As Gen Z ages and becomes an increasingly powerful consumer population, this experience will matter. Whether or not their purchase behavior translates to adulthood remains to be seen, but our kids are already leveraging digital assets in the metaverse to exhibit their position in the social hierarchy in the same way that my generation assigned value to Jansport-brand backpacks. 

Their concept of digital assets will be fundamentally different from ours, and NFTs are likely to benefit. 

But Why Are NFTs Relevant to Me Now?

Social proof is far from the most interesting use case for NFTs. 

In the near-term, NFTs can be utilized to store sale information of physical goods on the blockchain in order to eliminate nefarious actors in fraud-riddled industries like fine wine and art. 

Moreover, NFTs can disrupt any industry with a substantial secondary market. By coding royalties into the smart contract of NFTs, original sellers of wine, art and other trade-susceptible brands and industries can ensure they’ll capture a fee anytime an item is transferred. 

This solves a major problem for creators like photographers, artists and musicians that are notoriously underpaid in comparison to the value they create for brokers. It also has the potential to cut out middlemen like auction houses, record labels, and galleries to democratize the creator economy. 

Other Innovators Have Introduced Creative Use Cases for NFTs

Gary Vaynerchuk utilizes NFTs as tickets for events and other value-adds to his community. Forbes introduced a series of NFT Billionaires that will update alongside the real-time NYSE to gamify their user’s NFT experience in a way that’s brand-relevant. Foxies.art is using a gamified version of NFTs to fundraise blockchain education for women. 

The utility of NFTs is confined only by the imagination of our innovators. Whether or not NFT headlines today will remain relevant is yet to be seen, but one thing is certain: the disruption is only beginning. 

Most Popular Topics

Editor Picks