4 Areas Where Space-based Blockchain+IoT Can Be A Game-Changer: From Land Claim Disputes to Voter Fraud

By August 21, 2018Blogs, Case Studies

The Internet of Everything

 

As the worlds of IoT and blockchain merge, new and transformative case studies are revealed almost daily — and sometimes at global scale. Some of these are what-if revelations, while others are already ticking along. But of course, technology has always been part practical, part audacious.

And as IoT and blockchain become increasingly accessible and affordable — in part, thanks to space-based networks — it’s hard not to be impressed, while the level of problem solving ability scales in complexity. Already, whether we realize it or not, the majority of us in the developed world interact with IoT everyday in some form and blockchain is being added to that mix as well. Just as ‘smart phones’ now have become ‘phones’, soon too ‘smart cities’ could become ‘cities’, ‘ smart contracts’ could become ‘contracts’, and ‘bitcoin’ could become ‘coin’. Soon, connectivity, smart-ness, and distributed networks may well just be…implied.

Together, IoT and blockchain technologies are already raising the bar for our expectations of efficiency. From better crop growth predictions and on-the-fly soil moisture analytics to streamlined milk supply chains and oil tanker instrument tracking, IoT and blockchain are showing great potential for better systems, across any number of industries, both individually and as they overlap.

While the use cases are numerous and expanding, we wanted to take a look at several key areas where we believe space-based IoT and blockchain will make the most headway in the near future. What’s common to all of these applications is the potential for affordable space-based connectivity options, where individual owners have affordable control over their own data collection and usage.

IoT and blockchain for supply chains: “Essentially, the connected sensors collect irrefutable evidence as to how the milk has been handled at each stage in its journey. Because the sensors automatically collect and transmit data to the blockchain, there’s no chance of recording incorrect data. Instead, the information is accurate, timely, and non-partisan.” — IBM

 

Land Law

 

People in developing countries are particularly prone to the taking the brunt of conflict from land right claim disputes and corruption. While on a larger scale, it’s land claim disputes that cause the majority of the world’s tensions and confrontations stem from.

Places like India — a hotbed of land claim disputes and theft — are looking to IoT and blockchain as a tool to combat the country’s land register bribes, which are estimated to amount to a staggering $US700 million.

Space-based remote sensing and blockchain connectivity in particular can act as an important tool to combat land right disputes and aid in settling confrontations, as it allows for monitoring in the most remote locations — all at a reasonable rate and can be carried out regardless of the climate or location. Rural and remote places areas are particularly vulnerable to farm land disputes, with larger entities pushing out smaller farmers. Many connectivity providers simply can’t operate in these locations, and certainly not at low costs to consumers. But with space-based connectivity, smaller farmers can be equipped with the tracking and analysis tools that will allow them to have more autonomy and protect themselves.

“Whether it is the corrupt official who takes kickbacks for authorizing development in the rainforest or a clerk who asks for a bribe to register a small plot, corruption can endanger livelihoods, promote inequality and distort markets.” — Transparency.org

 

Insurance

 

The insurance industry is old and notoriously considered to be a dusty process by most who require it. In some cases, people perceive it to entail a lot of smoke and mirrors and high costs for the end user — another notorious stereotype. But by placing the data (the power) in the hands of the end user with IoT integration, that can be mitigated.

In addition to putting the power of monitoring into the hands of the individual, there are some key functional aspects of insurance that can directly and concurrently benefit the insurance receivers and providers, with help from space-based technologies:

  1. Location is no longer an issue, as space-based connectivity allows for worldwide coverage no matter how remote.
  2. User trust in the system is bolstered, as it can provide more points of measurement and visibility and coverage, at a lower cost.
  3. Massive scale of data ingesting, transmission and usage will provide better analytics.
  4. Smart homes can be connected no matter where they are, which allows for ‘smart’ features to work at lower connectivity rates.
  5. Cars can be monitored no matter where they travel.

“Big data analytics, sensor technology and the communicating networks that make up the IoT will allow insurers to anticipate risks and customer demands with far greater precision than ever before. The benefits would include not only keener pricing and sharper customer targeting, but a decisive shift in insurers’ value model from reactive claims payer to preventative risk advisor. Companies who use data to their advantage will be able to price products based on a deeper understanding of risk; those who don’t will merely compete on price, compressing their margins with lower revenues and proportionately higher payouts.” — IBM 

 

 

Government 

 

We now know that there is no corner of the planet that is immune to voter fraud. Our growing number of internet connections come with some high-stakes challenges and blockchain is built for securing and making that transmission of small, high-value data more easy. Combined with space-based IoT that allows for connectivity in volatile and remote hot spots, that combination become highly potent, and could have political impact worldwide.

By combining space-based IoT with blockchain, voter fraud can be especially reduced in volatile areas with insecure network coverage, also in remote areas. Blockchain is often associated with cryptocurrency, and while its applications spread far beyond money, this capability can help rein in the hacking of voter machines: Votes are essentially small pieces of high-value data, just like money, so each vote can be issued as a transaction.

Voter apathy has seen the number of people show up to cast their votes dwindle in recent years, even as it has become more important to do so. By providing an irrefutable and easy way to vote from one’s phone or PC, these numbers would likely rise. Even governments have a reason to change the status quo: a single vote currently costs between $7.00 and $25.00, when all factors are considered. A blockchain product like this costs just $0.50 per vote.” — Investopedia

 

Medical Access

 

With the ability to provide connectivity anywhere, the drug supply chain becomes more secure, saving assets from being stolen for the black market, saving insurers and users money, and keeping expensive drugs in the hands of those who are waiting for them.

What’s more, by broadening our network connectivity, medical coverage in rural and remote areas can be bolstered in terms of affordable data acquisition, analysis, and safe storage — in part, thanks to IoT and blockchain. By removing administration fees from money transfers, blockchain can allow people to better afford better health insurance, regardless of where they live.

“For life and health insurers, wearable computing (building on the technology already widely used in fitness sensors), could make the underwriting process more collaborative. For example, insurers may use real-time insights into policyholder health and behaviour to offer discounts, eliminate the need for lengthy medical checks and simplify the contract process.” — IBM 

 

To learn more about the Helios system, please email us: info@helioswire.com


Sign up below to receive updates from Helios Wire: