Nitro Network’s Vision For The Future Of Blockchain in IOT
The Big Picture
The world is continuing to shift deeper into becoming digitalized and data-centric as technology becomes further entrenched in every existing industry. With the rise of blockchain technology, a common subject of conversation has become utility; what use cases does blockchain have, and what purpose can it serve for the advancement of the human race? Nitro Network seeks to answer that question by exploring how blockchain could touch every aspect of daily life when combined with the rapidly growing IOT industry.
With the possibility of blockchain-integrated IOT touching every aspect of daily life, the potential for utility is essentially infinite. A number of use cases have been conceptualized by crypto philosophers for years, but only now stand ready to be realized due to IOT integration. Some of these use cases include:
- Smart buildings
- Customer identification
- IOT integrated brick n mortar retail and services
- Smart supply chain logistics
- Smart healthcare and emergency services
The future that these innovations will bring is one where a network of data flows between IOT integrated items, businesses, and consumers. There is tremendous upside to these developments, a few examples of which are considered below.
Nitro Network Will Establish Verifiable Trust Into Supply Chain
Take smart supply chain logistics in the diamond industry, for example. The diamond industry has historically been plagued by issues with unethical origins, counterfeits, and theft. End consumers typically have no idea where the diamond was mined or what journey it undertook in order to finally end up in their hands. There isn’t a clear and verifiable record of the diamond’s history. Using blockchain-integrated IOT on the Nitro Network could solve these issues. The entire process, from mining, to refining, to each subsequent sale on its way to the end consumer, could be tracked and verified on blockchain. Imagine a diamond is mined and immediately integrated with IOT. As the diamond is refined and proceeds to exchange hands along its supply chain journey, more data would be added to its strand of information on the blockchain. Each time the diamond is resold and enters a Nitro Network-integrated smart brick n mortar location, the data could be automatically updated. The same principles apply for each time the diamond passes through a distribution center or ends up in a storage facility for a period of time. The end result is a verifiable, tamper-proof, record of the diamond’s history for buyers.
Nitro Network and Brick and Mortar: The Refresh Retail Has Been Needing
Another potential use case of the Nitro Network falls in the category of IOT integrated brick n mortar retail and services. The center of this concept is user data that they choose to share with retail. A person could walk into a fast food store at a mall and receive a prompt on their mobile device asking to receive data. Upon selecting to share data, a new prompt could appear asking if the user wishes to order their usual food selection; the user presses yes and their food is ordered. That entire process could possibly occur in 10 seconds or less. The same concept of prompted information sharing made possible by Nitro Network retail integration could also apply to sharing medical records with doctors (no more filling out pages of forms!), car servicing where live vehicle data could be shared to diagnose problems, and every type of retail shopping experience.
The Focus is Pushing Humanity Forward
Nitro Network is building their project with value in mind. Value for users, value for businesses, and value for society as a whole. Utility, like what Nitro will provide, is why crypto matters. Blockchain isn’t about people getting rich or technical analysis price speculation; the value that the underlying technology provides to humanity has always been most important. Nitro Network fully embodies that ideology and they are positioning themselves to solve many problems in the world and improve upon the current systems and structure that our society operates on. Nitro Network is seeing its full potential with infinite utility, everyone should be excited to watch the progress in the coming years.
About Nitro Network
Nitro Network is building a world of private communication networks powered by IoT together with LoRaWAN/3G/4G and 5G. This hyperconnected world is the IoT alternative to cellular networks unlocking a $3 trillion market opportunity. We believe our decentralized private telecom networks is a gamechanger built on a blockchain with our proprietary token NCash at the core that drives utility and value from unlimited use cases. We are creating an inclusive ecosystem incentivizing users to own, operate and earn from the private networks of the future.
Disclaimer: This is not investment advice. Please do your own research before investing in any avenue. The information contained in this post is for informational purposes only. You should take independent advice from a professional or independently research and verify any information that you find in this post and wish to rely on, for the purpose of making any decision. Through this post, you may be able to link to other websites which are not under the control of Nitro Network. We have no control over the nature, content, and activity on those sites. The inclusion of any links does not imply a recommendation or endorsement of the other website, its products, or views.