Discovery is a Blockchain 4.0 based IoT network, created by connecting millions of smartphones. DiscoveryIoT ICO rating – not rated.
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PRE ICO Dates : 15/06/18 – 31/07/18
About DiscoveryIoT ICO (token sale)
Discovery is a revolutionary solution that enables brands to track their products through their supply chains accurately and on a real-time basis.
The world believes in the potential of the Internet-of-Things (IoT). The impact of mobile telecommunications on the world is indisputable. Imagine the potential of a product that is born out of the convergence of these two technologies. We at Discovery believe in the phenomenal power of this convergence and are developing a product that will help harness the power of the IoT through the reach of mobile telephony. The level of visibility and control that this could potentially open up for enterprises across the world is path-breaking.
At its core, Discovery is an IoT led supply chain solution that is run through a network of Decentralized Nodes, residing on the smartphones phones of a community of users. What makes Discovery unique is that it blends together three layers into a one-stop solution: The hardware layer (Cliot), The distributed data harvesting layer (user community) and the Data Analytics/Artificial Intelligence layer. Discovery makes IoT an affordable solution for tracking daily products (and not just high-end luxury handbags) by disrupting the costs of the hardware and tracking simultaneously.
The various building blocks of the Discovery eco-system are explained in the following section.
THE DISCOVERY ECOSYSTEM
The Discovery Ecosystem has three main components/players:
These are the paying customers or buyers of the Discovery Communications Network. Enterprises are typically brands that would like to track their products through their supply chain. For instance, Nestle – an Enterprise – could track their each and every unit of their chocolate bars throughout their supply chain – how many of each unit is lying at each warehouse, with each stockist, at each retail outlet and so on. We would be able to help Nestle handle this tracking solution and they would be paying for the service thus received.
THE IoT TAG- “CLIOT”
The Cliot is a uniquely identifiable self-charging printable tag placed on the product to be tracked. We are developing it along the lines of a printable solution, where mass-production could take place through a decentralized infrastructure. Each enterprise user could print their own set of tags based on a pre-defined protocol built on the lines of EAN. Since data transfer from the tag is meant to be periodic (~100 times/day), and since the data blocks are very small (a few bytes to 1kb), battery life is expected to be long. Moreover, the device would be self-charging, drawing power from electromagnetic waves (cellular network / Wi-Fi waves). This would make the tag long-lasting, at very low cost (~$0.05 – $0.10 per tag). We believe this would help penetrate IoT to applications that were hitherto considered too cost conscious to warrant such application.
THE USER COMMUNITY
At the front end of the Discovery Network, a number of individual users would have the Discovery app installed on their mobile phones. These mobile phones would then serve as the nodes of the blockchain network. The Network harnesses the residual power and network capabilities that reside in the mobile phones of individual community members, thereby creating a global communications network.
These User Community would be compensated for lending their mobile phone’s data connectivity to the Discovery Network. The financial compensation to the user community would be commensurate to the data prices charged by the underlying telecom network, costs of which have been in free-fall mode over the past few years. The community member would be able to generate a handsome profit after netting off the data charges that he would incur. More details on the economics for the user can be seen in the “Unit Economics” section of this paper. This would render possible delivery of the service to “Enterprises” at exceptionally low costs compared to the currently available solutions. Further, as the network is built on the base of the blockchain, the data generated by the system is not only accurate and timely, but also secure and reliable, which is very critical for enterprise customers.
The cornerstone of the Discovery Network is that it does not require any active effort from the User Community. It works on a passive mode, where the IoT device engages with the user’s mobile phone, through Wi-Fi and Bluetooth protocols, thereby connecting with the telecommunications network. The residual application on the mobile phone and the IoT device get paired through a smart contract, thereby enabling quick transmission of small “blocks” or packets of data to be transmitted over the cellular network.