What is GADGETcoin and GADGETaccess?
The GADGETaccess crypto payments platform operates as a private blockchain-within-a-blockchain. The platform’s consensus technology combines Proof-of-Stake with a sidechain infrastructure to create a privacy-centric blockchain that is both fast and scalable.
It eliminates many of the problems associated with the mass adoption of IoT technology, including lack of functional value and high operating costs. Below is a closer look at the features that give GADGETaccess an advantage over other IoT cryptos:
Separation of duties: Since different IoT applications have different needs, putting every IoT node into a single blockchain creates bloat and reduces performance. GADGETaccess solves this problem by spinning up sidechains for new IoT functions. Sidechains operates when needed, increasing efficiency.
Security & privacy by design: Separate sidechains and segmentation of security increases security and client privacy. Each sidechain handles a different client and function. Sidechains only interact when necessary. GADGETaccess optimizes client and transaction privacy with individually signed payment codes that hide addressing.
Simple to Integrate: GADGETaccess’s design reduces time-to-value, which means more transactions and lower failure rates in the field. Processes are fast as each device has what it needs to complete a process. Connected devices are no longer reliant on a single blockchain for resources.
The GADGETaccess real-time crypto payments platform and exchange is now under development. GADGETcoin is evolving as the IoT payment option of choice and our team is working hard to deliver the launch in Jan 2022.
The GADGETcoin token ICO is ready to launch to fund the next phase of development….
- IOT: Blockchain-driven data streaming
- Fostering trust among users
- Expanding the IoT ecosystem with Blockchain
- Encouraging open exchange of data among users
- Ethereum ERC-20 Token based
- Realtime network
- API
- Hardware integrations
- Accelerated performance
Blockchain has gained interest recently because of its transparency and immutability. This also helps in IoT integrations as the mobile economy rises. The Ethereum Blockchain is a secure place when compared to traditional systems against hijack and botnets. Developers are using Ethereum smart contracts to manage integration monetization, streamlining IoT device integrations – linking smart contracts with automated tasks.
Ethereum and IOT: Blockchain-driven data streaming
Everyone has concluded that Blockchain is more democratic than traditional platforms. Blockchain integration streaming platform, GADGETaccess, provides a decentralized means for just about anyone to buy and sell in the field using crypto. The platform allows data owners to connect to the network and stream their data, the access to which others could readily purchase. Gadget Access’s marketplace uses blockchain smart contracts and tokens to facilitate transactions and incentivize data exchange respectively.
The GADGETaccess platform provides a single interface for real-time crypto integration, delivery and payment, making in-field IoT integrations viable between people and machines using the cryptographic token called GADGETcoin which lives on the Ethereum blockchain. In-field systems can autonomously interact, initiate transactions and pay instantly. In turn, the devices can sell or participate in data exchange.
Gadget Access aims to tokenize the value in real-time exchange and IoT transactions in real-time data. A good example of Gadget Access’s offering is solar installation integration. “For optimal operation, it constantly needs data from devices, such as environmental information from sensors, electricity prices, weather forecasts, and so on. Gadget Access provides an interface for real-time data delivery and bi-directional payment, making data streams tradeable by people and machines using the cryptographic token called GADGETcoin which lives on the blockchain. The plant can autonomously get the data it needs and pay for it. In turn, the plant can sell the data it produces, such as environmental or grid data and battery level to advertisers, and so on. A data based IoT economy is possible.
IoT and Blockchain
The advantage of this decentralized approach is that it empowers data owners to control the monetization of the data they collect and generate. They can do it safely and earn directly from their data without having to involve or be subject to conditions set out by intermediaries to do so.
Blockchain fosters trust among users
The transparency of blockchain also fosters a sense of trust among users. Mechanisms such as a reputation system can be put in place to help potential buyers identify sources of high quality data. Since the market is open to all, it could aid in creating market-driven pricing rather than having prices be dictated by a limited number of dominant entities.
More Places for IoT with Blockchain
This approach also has the potential to create a more inclusive ecosystem for the IoT where high quality data is exchanged more freely. More participants also mean more data sources become available. This, in turn, helps fuel improvements in apps and IoT devices so that they can perform better.
Blockchain will encourage open exchange of data among users
Integrations of blockchain services with IoT could just be the catalyst that would encourage open exchange of data among users. Blockchain’s decentralization could help inspire the breaking down of silos that limit access to useful data. More exciting innovations are bound to be developed given these new means of data exchange alongside the continued improvements in hardware and AI.
How GADGETaccess and GADGETcoin Work
The way the platform operates is by tokenizing transactions and data. It is a realtime IoT platform that connects devices and users to data sources. It works in conjunction with Ethereum’s blockchain by utilizing smart contracts to help with security, monetization and control. Because GADGETcoin is on a decentralized network, the bandwidth it uses to operate isn’t hosted by a single company making it less susceptible to security threats. Instead it is controlled and run collectively by its users. This provides security to the data while while simultaneously allowing anyone to transact on the blockchain.
Our world and the technology that run it is evolving. But in order for it to continue to evolve, there are challenges. The ability to generate, process, and utilize information is one of those hurdles. Thankfully, GADGETaccess is here to bridge the gap between IoT and Blockchain, making our world connected, and evolved.