Trustedtrack

The main objective of the TrustedTrack project is to develop (R&D), to test and to produce multifunctional IoT devices, which have geolocation capabilities and various sensors to gauge different parameters of an outside environment or a closed space. Additionally, our solution will allow making photo/video/audio and other types of recordings (humidity, vibration, temperature, etc.). The development of multifunctional platform using Blockchain technologies for recording the results of sensors’ estimates by such multifunctional IoT devices is another objective of our project. Our solution’s primary target market is logistical business in the area where there are issues of trust among multiple agents of the logistical business: the shippers/consignors of the cargo, the receivers/consignees for the cargo, the insurance companies (the one which can insure cargo, be responsible for the logistical company’s operations or other agents of the logistical business such as seaport operators which transship cargo), the logistical company which ships/transport the cargo, seaport operators which transship cargo or transshipping terminals, etc. Our solution allows: • full automatization of the logistical process; • recordings the results of sensors’ readings into the Blockchain such as Tezos or EOS will provide 100% guarantee of the recorded data’s integrity and credibility; • 100% transparency of the logistical process for all involved parties: the shippers/consignors of the cargo, the receivers/consignees for the cargo, the insurance companies, the logistical companies which ship/transport the cargo, such companies as seaport operators and transshipping terminals, etc; • creation of uninterrupted automated supply chain; • development (in future) automated mechanism to enact “smart” contracts with a settlement system that works in the form of an independent algorithm making final settlements depending upon the cargo delivered to the receivers/consignees.