The rapid development of technology and machines affects all of us, whether we like it, dislike it, or do not realize it at all. There are already more than 3 smart devices for every person on this planet, and the number is growing …
We at AKITA have made it our mission to build concrete prototypes. Instead of engaging in a theoretical discussion, we want to see, touch and experience what combinations of new technologies, machines and human interaction are capable of. On our journey through Distributed Ledger Technology (DLT), we've already connected a smart watch that stores your heartbeat in a blockchain, experimenting with distributed voting mechanisms, combined biometric identification with traditional hybrid systems and distributed networks to see if we can Users can create friendly and safer ways to identify us. All these experiences since 2016 are now incorporated in the showcase for the machinery industry, which we build in the spirit of co-creation with the community and business partners and are made possible through the support of the IOTA Foundation and its Ecosystem Development Fund.
What is a machine economy?
The search for the specific requirements and a goal for this project has been a long time and all the above mentioned parties have been involved. To start with a few simple but essential facts that we can all agree on:
- There are already machines or intelligent devices that can operate completely autonomously without the need for human interaction
- You can not open a bank account for a machine
- There are already hundreds of different DLTs that transmit a daily value of $ 20 billion daily (even during the bear market).
All of these smart devices can generate value, sell services, and require at least energy to function. Let's say we have a self-driving car that drives people from A to B and requires a service charge that needs to be paid, and it has to get gas or electricity for operation. This means that the machine offers and demands services and exchanges value. Imagine now, you go to a bank like this: "Hello, I would like to open a bank account for my self-driving car." Even if you have found an open-minded person in the bank, this would not be possible for technical or technical reasons Regulatory point for doing this. Obviously, this is a rather complex topic that can be discussed again and again on so many levels and goes on forever …
When we consider the purely technical dimension of this challenge, we have found that the technology is already mature to some degree today. This would allow each machine to have its own "bank account". With digital currencies, blockchain, or even enhanced DLTs, there is already a native machine-level network (no cash or no credit cards). The "machine bank account" would also only be the starting point for several other services and economic interactions that could link machines together. This could easily change society and change the roles of active people and passive machines. Imagine shopping in the city and do not worry about parking tickets, but if you let the car and parking alone with it, would that be great ?!
The M2M prototype
The applications, business models and the new possibilities of interaction between man and machine as well as machine-to-machine (M2M) can change enormously. However, if you search the web for real experience in this field or for actual products, you will be disappointed. We said we just have to build a concrete prototype:
M2M prototype of machine elements and architecture by AKITA
- A first step would be to take a few machines, such as two industrial robots that we have previously used in previous projects, and provide each with their own wallet (shown as a green box with an IOTA logo and a key symbol).
- Once we have developed a working alpha version of it, the robots will need energy to work and provide services (packaging, laser cutting, 3D printing, transporting, etc.). Therefore, we also needed the utility company or the power source to have dedicated purses. This would allow any source of energy to sell their energy directly to each robot. (In another iteration, there could be simple to complex preferences for each robot to source energy from different sources depending on the type of energy, price, distance, etc. At the same time, the energy sources can also define their own characteristics and offer time prices depending on demand, supply, Market situations, preferences for green energy, etc.)
- Since the appearance of distributed networks, there has been much debate as to whether centralized organizations such as governments, banks, etc. are still necessary or not. We do not want to interfere in this two-dimensional debate, but integrate the government and provide them with a purse. This would allow real-time automated energy tax payment for any transaction made within the machinery industry. This could certainly accelerate the process of tax payments, reduce bureaucracy and possibly even be tax evasion or fraud. In any case, we only integrate a fictitious state tax authority in our prototype. In this way, we can perform all kinds of scenarios and tests in a specific machine environment and gain actual results and experience.
- The infrastructure has been selected as IOTA Tangle mainly because of its current major advantages over block chain-operated DLTs: we can use the core network for value and non-value transactions with no mining or transaction costs. In addition, the DAG structure promises scalability that is absolutely necessary for further practical application outside of use cases, PoCs and prototypes. Third, it's a full open source and no entitlement network that anyone can join. This means that the integration of all current and future stakeholders with minimal effort is possible. (We already host different types of nodes and will increase the variety and number of AKITA nodes during the project.)
- Last but not least, as human beings we still want to see what is going on in the machinery industry and we want to buy services. Therefore, we will have regular, man-controlled purses and a dashboard to control and overlook the operations.
This is the current, modular scope of the M2M prototype project, whose key milestones will continue until the end of 2020. During the project, it is very likely that we will expand this prototype and include different machine types and see how they can interact with each other on a larger scale.
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Post-source: machine-to-machine ecosystem
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