WHAT IS IoT
IoT or rather called internet of things is the network of physical devices, home appliances, vehicles, and other items embedded with electronics, software, sensors, actuators and connectivity which enables the objects to connect and exchange data. These items are uniquely identifiable through its embedded computing system but are able to inter-operate within the existing internet infrastructure.
WHO ARE HURIFY INC
Hurify Inc company was founded in 2017 and based at Halifax, Nova Scottia, Canada. It has a decentralized IoT project called Hurify which is based on the Ethereum platform and developed by ex- Intel Veteran in the likes of Mouli Srini, an ex-Intel veteran(Presently the CEO and president of Mobodexter Inc, which is a smart contract company). Kathiva Gopalan who is an ex Intel veteran, a perpertul entrepreneur and strategist with many years of experience and also the CIO of Hurify Inc. On advisory Board is Ian Scarffe, a seasoned blockchain advisor whom has helped many successful ICOs like CANYA and CoinLancer to his belt and Nasser Rahal a Veteran Crypto economist with keen interest in IoT and digital assets. Hurify seeks to solve the barrier facing consumers in adopting IoT technology because of market unavailability and the problem of interoperability through provision of marketplace services that connects the IoT developers to its end use consumers through smart contracts.
THE CHALLENGE AND SOLUTION
The IoT industry has been apprehended by two major challenges such:
Technology:
This challenge involves all technologies needed to make IoT systems function smoothly as a standalone solution or part of existing systems and that’s not an easy mission. Some of the technological challenges include security, connectivity, compatibility, standard and intelligent analysis and actions.
Business:
This is the most important aspect of all innovations and developments. One question usually arise: Does the product meet a need and if it does, where can it be sold and what could be the demand rate. is a big motivation for starting, investing in, and operating any business, without a good business model for IoT. This business model must satisfy all the requirements for all kinds of ecommerce, vertical markets, horizontal markets and consumer markets.
SOLUTION
End to end solution providers such as Hurify is designed to solve all the business needs of IoT developers, inventors and consumers buy keying into the power of blockchain technology through smart contracts on Ethereum platform to provide a dependable and secure marketplace for IoT industry. The IoT industry is believed to house over 30 billion objects by 2020 with an estimated global market value of IoT to reach over $7.1 trillion by 2020 therefore investing in Hurify simply means that you have secured your financial future and and through your investments you have the ability to make positive changes to the IoT industry in alignment to Hurify’s Vision.
http://Https://ico.hurify.cohttps://ico.hurify.co/#hurifyworks
