Internet of things combined with blockchain, NGK network reshapes the bridge of trust
Under the rapid development of mobile Internet technology, the application scenario of online network and link offline transaction is also gradually enriched. The development of technology provides us with a more diversified way of life, but also becomes a mirror of people’s spirit of contract. As a result of rampant fake sales of NIKE on Amazon, an e-commerce platform, in November 2019, a large number of consumers were cheated, which also caused Nike to decide to stop selling its products directly on Amazon, completely ending the two-year retail cooperation project between the two sides. The rampant online fakes in the market greatly affect the interests of enterprises and consumers, but cannot be effectively contained, resulting in a “trust crisis” between people.
After the emergence of blockchain technology, whether it is the transparent, non-tampering database feature represented by Bitcoin, or the first smart contract developed by ETH, it makes people have an infinite reverie about the role of blockchain in trust crisis.
Affected by the development of blockchain and Internet of things technology, the role of blockchain in solving trust crisis still stays on smart contract and “online traceability”. Offline fraud cannot be avoided, and has become a major problem in the eyes of blockchain industry practitioners. The Internet of things, as a link between virtual and real technology, is the perfect solution to make up for this defect. Through the Internet of things combined with blockchain, the product is connected from the source of production to suppliers, logistics, vendors and other supply chain links, so that assure the information is true and traceable, ensure the safety and reliability of products in the daily consumption from all aspects.
It is conceptually feasible while technically constrained. Hackers attacked its repo wallet and 1.1 billion VET tokens were lost on December 14,2019, raising questions about the security of the blockchain. Through blockchain technology combined with blockchain to help solve the real trust problem, the industry seems to encounter a bottleneck in security.
Spirit Stone, one of Silicon Valley’s top blockchain technology teams, has also focused on this world-class puzzle, proposing revolutionary solutions with its own rich experience in software programming to AI artificial intelligence, the internet of things, blockchain and many other advanced industries. Asymmetric digital signature ensures that the service request cannot be tampered with in the transmission process, and will be upgraded to the anti-quantum attack cryptographic algorithm in the future to further ensure the security of network and data.
In the future, when the technology development is further mature, it can truly realize “one thing, one code”, fundamentally cracks down on fake and inferior products, and helps consumers and enterprises to establish an effective trust system. After uploading the information to the non-tampering blockchain network, the enterprise can also quickly trace the supplier or consumer in the event of a sudden situation, so as to avoid causing harm to consumers due to product quality problems.
As to ecological application, NGK has supported the United States’ largest farmers cooperative “Dairy Farmers of America” pilot at present, to initially realize food safety traceability. Based on the blockchain technology to build traceability cloud platform, DAPP is applied to address information traceability, anti-counterfeiting verification and other problems in the enterprise from raw materials to the terminal sales. As soon as the manufacturer finds something wrong with the food, it can effectively and quickly track all levels of distributors or consumers to indicate or confirm whether the food poses a health risk to consumers.
As the NGK team continues to push forward the development of project technology, it enables more enterprises and users to enjoy the convenience brought by blockchain. After the future Internet of things and blockchain technology further mature, NGK will further combine the two, through its team members in blockchain and Internet of things senior technology as well as rich industry experience, to reshape the trust bridge between people.
