Use Cases.
Fast Food Drive Thru
Industry: Quick Service Restaurants
Most major fast food chains with drive through options generate over 70% of their revenues from drive-thru purchases. A car equipped with a Digital Wallet can now transact with a Fast Food drive through counter using this wallet. This improves service times, reduces wait times and long lines and has the potential to improve customer satisfaction and impact topline and bottomline financial metrics.
Counterfeit Prevention
Industry: Retail—Luxury Goods
Manufacturers of high end luxury merchandise have always sought to fight counterfeiters through a variety of means. Now, blockchain technology combined with our UBC code helps thwart counterfeiters.
Our UBC mechanism also reduces or prevents counterfeits being sold in place of genuine products. Buyers can now verify the UBC on a product in real time on the blockchain versus replicas.
Appliance Warranty & Recalls
Industry: Consumer Electronics
Every manufacturer today has fragmented data as far device warranties, software updates, user guides, and more. When appliances change hands, many a time, warranty information is not updated and ownership changes not reflected in any official records.
This applies to cars, appliances, and most equipment. With all equipment, universally adoption our UBC Code, it is becomes easy to trace and track information related to any device and ensure that relevant information is up to date.
Drone Delivery Logistics
Industry: Supply Chain & Logistics
Drones are autonomous devices that being used for a number of different applications from surveillance to product delivery. In the product delivery use case, we anticipate that similar to the FedEx or UPS rep having to need some form interaction at the point of delivery, drones will have to have a handshake with drone pad at the destination prior to a dropoff. IoToken would be a perfect mechanism for such an interaction.
Royalty Tracking
Industry: media
One of the challenges in media is the tracking and tracing of video and audio playbacks for the accurate computation of royalties.
This use case requires the media player to interact with the media digital asset prior to playback, a handshake is performed for validating digital rights and an authorization is given for playback to occur and a potential transfer of cryptocurrency per play.
Transportation Coordination
Industry: Smart City/Transportation
Many cities and countries around the globe have espoused the concept of smart cities. In Smart City transportation, there are several examples of transportation coordination that needs to happen. Interactions may involve Parking Meters, Traffic lights, Toll booths and more.
IoToken coupled with Digital Wallets for these devices can help traffic move more fluidly by reducing the time it takes to transact, narrowing the scope for violations and much more.