Vodafone has launched a new global platform that takes the world of connected devices to a new level, allowing users to trade securely with each other. After the Internet of Things, a new global platform called the Economy of Things (EoT), it will be responsible for trade and economic relations. For example, EoT allows electric vehicles to trade securely with each other on behalf of the user through Mastercard and Energy Web systems by connecting directly to charging points and many other devices.
Vodafone has launched a new global platform that takes the world of connected devices to a new level and allows devices to trade securely with each other on behalf of users. The new interface, called Digital Asset Broker (DAB), builds on the features offered by one of the world’s largest IoT networks with more than 140 million connections, which Vodafone customers can leverage more effectively with EoT. Thanks to the development, companies in more industries will be able to transform physical goods into tradable digital devices that can compete in various revolutionary and online markets through the platform.
Today, most connected devices and sensors collect and transmit information over the Internet. Vodafone’s new EoT platform goes beyond that. It allows devices, vehicles, vehicles, smart street furniture, and monitored and connected machines to conduct transactions smoothly, securely and without human intervention but with complete ownership control.
New business opportunities on the Vodafone platform include the ability to rent a car, a family car capable of purchasing infotainment content on an occasional payment or subscription basis, smart meters and industrial alarm billing on a group payment basis, and authentication of medical equipment and other goods to detect counterfeit products. In the future, it will also be possible for coffee machines to automatically request a recharge or for a street lamp to share traffic data with other “smart” city objects.
The number of connected devices is expected to rise to 30 billion globally by 2025. Instead of having to build their own complex system, companies can assign a unique digital identity to any device, drawing on Vodafone’s platform and broad global reach. The device can then securely connect and transact with other devices using the wallet and payment technology provided by the mobile SIM card. In addition to the assets on Vodafone’s global Internet of Things platform, the company will provide secure connectivity to a number of other third-party platforms and related device ecosystems across a wide range of industries in 2022, from the automotive and energy industries to manufacturing.
In terms of platform security issues, DAB uses the latest blockchain technology. This means that all connected and trusted devices are scanned and then automatically allowed to trade through secure and encrypted connections, allowing trusted devices to communicate with multiple systems simultaneously through a single point. As a result, companies are able to introduce new products that can be quickly identified if they can be traded securely and are ready for real-time financial transactions, no matter where the physical assets are.
“Vodafone’s latest EoT platform will build on the previous IoT platform and bring the retail network. Our latest platform will boost the economy of things, where everyday things and tools can negotiate, buy and sell services on our behalf. We are also in active negotiations with a number of other companies to rapidly expand our partnerships and expanding our ecosystems globally, while complementing them with other features and payment systems.” – Matthias Dubo, Executive Vice President of Vodafone Hungary’s Corporate Services Business Unit, said regarding the introduction.
The service recently began a trial in which a grid-connected electric vehicle independently and securely communicated with a charging station in Newbury, UK. With Mastercard and a partnership with Energy Energy, a non-profit organization dedicated to decarbonizing power grids, motorists can obtain real-time information on the status and compatibility of the nearest free charging station and easily allow vehicle charging. Vodafone believes the platform will remove fear of “distance”, concerns about running out of batteries, and allow customers to make informed choices about electricity providers that focus on renewable energy.
“The switch to electrification is an important part of global decarbonization efforts. However, at present, electric vehicle drivers cannot guarantee that all the electricity used to charge their vehicles comes from renewable sources. However, with the democratization of access to green energy solutions, With our solution, we can ensure that people and businesses can use the clean energy of any electric street charger, which will be a huge relief for electric vehicle users as well as companies with an electric fleet.” said Jesse Morris, CEO of the Energy Web Foundation.
