IOTPOWER ICO Rating, Reviews and Details

ICO

Sep 25, 2018

Jan 28, 2019

100% completed

Raised funds - no Data

past

Additional Details

About IOTPOWER

IOTPOWER is a cloud based energy monitoring solution, powered by blockchain technology, offering easy and effective real-time energy management.

Consisting of hardware (IoT gateway) and software, needed to monitor the energy usage, IOT POWER will highly improve efficiency of your business. Designed to match the highest standards of Industry 4.0, IOT POWER can be connected to any existing engineering module. IOT POWER allows you to configure the energy blocks according to your individual needs, ensuring effective real-time energy monitoring, measuring and saving.

IOT POWER is an IoT solution, designed to fulfil the energy management needs of wind power, solar power plants, industrial systems, manufacturing plants, transportation, lighting companies and much more. IOT POWER offers an efficient energy monitoring and management solution – IoT gateway – which can be connected to any existing system, such as ABB, Advantech, Siemens or SICK, and used in parallel with it.

Employing the vast features and benefits of cloud computing and blockchain technologies, the data from the IoT gateway is securely transferred to a cloud, then connected to blockchain and returned to the IOT POWER web or mobile application.

Features

Currently, approximately 30% of enterprises are employing the IoT for their daily operations. By the year 2020, more than 65% of companies are projected to adopt IoT products in their work processes.

The global IoT market size is dramatically increasing and is expected to grow to $661.74B by 2021. The Industrial IoT market is projected to reach $123.8B by 2021, and the IoT Cloud Market is estimated to reach $7.15B by 2021.

We are currently witnessing the majesty of the fourth industrial revolution (aka Industry 4.0), and it is definitely much more than manufacturing now. All the spotlight is on the IoT, Artificial Intelligence, Cloud Computing and Cyber Physical Systems. Smart technologies not only influence the way the products are created, designed and used, but they are also capable of transforming the organizations themselves, by empowering them to achieve operational excellence, efficiency and continuous improvement.