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      "body": "![man -half a human.jpg](https://cdn.steemitimages.com/DQmaaiTHMmtemFGR8UNrfMpWhvVoYJofiSYhTdfeNZqpadb/man%20-half%20a%20human.jpg)\n\nWhat was once just a segment of imagination for almost every science fiction writer, Artificial Intelligence (AI) is today taking roots in our everyday lives. We are just a few years away from having robots at our beck and call. However, AI has already started impacting lives in subtle, yet profound ways like that of email spam filtering, weather forecasts, search predictions, voice recognition etc.. All these variant technologies work on Machine Learning algorithms which allow their responses and reactions in real time. The evolution of the AI technology will bring in positive effects which could provide immeasurable efficiency. As per estimates, in 2018, the global AI market is expected to be worth approximately 7.35 billion U.S. dollars. In the next four years, we expect the AI industry growth to explode and its impact on business and society will then emerge. Statista estimates the following size of the Artificial Intelligence market worldwide, from 2016 to 2025.\n\n![human man.PNG](https://cdn.steemitimages.com/DQmcTkYGW8C2paSWACrTNLpdYMay2g3jZiUV4pc7MiTKH65/human%20man.PNG)\n\nIs AI really artificial?\n\nHas AI become more of a marketing tool, a buzzword that gets attention and makes companies look like they’re on the cutting edge? Ian Bogost dove deeply into this matter and cut to the chase by defining what qualifies as AI. He said, “Machines warrant the name AI when they become sentient — or at least self-aware enough to act with expertise, not to mention volition and surprise. In most cases, the systems making claims to Artificial Intelligence aren’t sentient, self-aware, volitional, or even surprising. They’re just software.\n\nThe term Artificial Intelligence is a misnomer. Considering the nature of intelligence, it is not really a thing. In fact, it is a property of the system. For instance, a machine can have a blue cover where blue is its property and not a component of the system. ‘Intelligent’ in itself is a property of animal species, specifically humans. At this point, even the computers are not adequate enough for the AI architecture. There are many components in computing which belong to AI but need to be reviewed. Most among them are heuristic techniques which are closer to numerical or symbolic models. Thus, the term “artificial” needs to be dropped from the subject. Even the term “intelligence” needs to be defined clearly and consequently separated from the computing domain. An unreal, yet necessary distinction made was that it’s only artificial if it is made by humans. AI is evolving from science fiction to reality, therefore, it should no more be termed artificial.\n\nAI’s impact on different sectors\n\nBlockchains can be managed better by AI: There’s a reason why humans are called similar to the stupid conventional computers. They cannot get a job done unless instructions are provided to them explicitly. Thus, managing blockchain information on computers would take up a lot of processing power. The incorporation of AI will help operate on jobs with an intellect.\nDifferent organizations across the country are realizing the actual power of this technology and are using it to enhance their decision-making, alongside the provision of actionable intellect. We at DiscoveryIoT have come up with a futuristic innovation in order to revamp the technology of blockchain and proliferate it across the country. We have set up Discovery Labs which are some completely distinctive research centers, allowing the exploration of the organizational use cases of the blockchain; the Backscatter X-Ray imaging technology; and of course the multitude of Artificial Intelligence in the field of Blockchain.\nPredictive analytics in Healthcare: Predictive analytics in healthcare refers to the ability to monitor patients and prevent patient emergencies before they occur, by analyzing data for key indicators. Real-time data collection helps monitor the health status of patients.\nWhile currently in the R&D phase, the initial goal is to use the results of these analyses to help inform more customized treatment options for Mayo’s cancer patients. Mayo joins a small consortium of healthcare organizations in partnerships with Tempus including University of Michigan, University of Pennsylvania and Rush University Medical Center.\nAgriculture: Through Crop and Soil Monitoring, companies are leveraging sensors and various IoT-based technologies to monitor crop and soil health. Along with the means of predictive agricultural analytics, various AI and Machine Learning tools are being used to predict the optimal time to sow seeds, get alerts on risks from pest attacks, and more.\nThe Singapore-based company, ADDO AI launched a pilot program in Lahore, Pakistan aimed at assisting farmers in improving their crop yields this summer.\n\nWill AI take over humans one day?\n\nHumans are not the strongest or the fastest species on the planet, yet, they are the most dominant ones owing to their intellect. Our ability to communicate, share information, learn from mistakes, make rational decisions, and increase our standard of living is exponentially better than that of any other species and makes up for our lack of physicality. Knowledge is power. Through our intellect, we are able to domesticate other species for our own selfish needs, such as entertainment and food. What happens when a new species that outperforms us, both physically and intellectually, is introduced into the ecosystem? That species will domesticate us, exactly how we domesticate other animals. That’s what AI is.\n\nMachines do all the strenuous physical labor for us, from cranes that carry metal beams to building skyscrapers to car crushers that squash old cars like printer paper. Undoubtedly, they possess more strength than us, and their limits are endless. Machines are very durable. If a robot’s arm is blown off, the robot does not die. We can simply replace the arm with a new arm as if nothing happened. If a human’s arm is blown off, he/she will die of blood loss. Machines are starting to get smarter too. A computer can do millions of computations in a matter of seconds, and Machine Learning allows robots to learn with experience, just like babies learn from the scratch. Put those two things together and it is possible for a 30-minute old robot to have as much experience as a 100-year-old man, given the abundance of data on the web. Now put this intellect into an iron, replaceable body and boom! You have the next ruler of the universe! Now, even if a scientist tries to shut down the robot for being too smart, he would be reverse manipulated by the robot which has the power to analyze every single outcome. Humans cannot do that as they react to events in real time. We aren’t at this stage yet. Hence, as of now, AI cannot take over humans. Someday it will, even if not in our lifetime.\n\nTo Conclude\n\nThe answer to this question might be contradictory. In the past few years, Artificial Intelligence has become a big controversy among scientists. Some believe that AI can immensely benefit humankind, while some fear that it will destroy humankind and become an ‘Immortal Dictator’. We are growing at a huge rate in all aspects, say it in terms of population, scripted knowledge, tasks etc. Increasing in scale also increases entropy in the system, thus demanding a huge number of tasks to be automated and centralized. Essentially, AI is implementing human senses in machines. Humans will surely benefit from AI. Even though the automation of tasks is causing job cuts in the present, the long term viewpoint says that it will turn out to be a major benefit. AI can process all trivial tasks at a much higher pace than humans. Even though an existential threat to the humanity, AI is a boon.\n\nRead More: “Is the man a half machine or the machine a half man”\n\nOriginally published at https://discoveryiot.com\n\nJoin DiscoveryIoT for more details.",
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      "body": "![pyramid.jpg](https://cdn.steemitimages.com/DQmXnFTw3eWw5ASziGitZ8LSbarmBZQMdmdr3rBy1MLc2Qt/pyramid.jpg)\n\nThe bottom of the pyramid is a socio-economic phenomenon, allowing the grouping of the vast segments of the world’s poorest citizens, who constitute an invisible and unserved market that is hindered by innumerable barriers, preventing those citizens from realizing their true potential at all levels. With the fast-paced changing customer goods and the emerging companies in economies seeking growth, the people at the bottom of the pyramid are the most potential customers. To capitalize on this market, many entrepreneurs and companies are in search of producers, suppliers, distributors, and retailers in this segment. These opportunities come with challenges regarding the building and operation of the supply chains that take place at the bottom of the pyramid. For supply chain influencers and scholars, these supply chains, alongside their interaction with the bottom of the pyramid, the segment present many prospects for research. The below-mentioned illustration is taken from impactpreneurs.\n\n![p2.PNG](https://cdn.steemitimages.com/DQmQiean1cqR5fgfq764vpFLjoa5tR85mVQrsMJUTA6XvQk/p2.PNG)\n\nDistribution strategies for supporting the Base of Pyramid retailers\n\nBuying from or selling to the BoP segment involves a huge number of transactions for large corporations because each of these transactions is relatively small. There are two eminent research opportunities involving the micro-retailers in the country. One is to design and operate supply chains using BoP micro-entrepreneurs and the other is to devise ways to share the value created between the company and their micro-retailers. In developing countries, due to the lack of large retailers with supply chains, the distribution infrastructure is insufficient and the formal distribution channels do not reach most customers, as they do in the developed countries.\n\nThere are two fundamental approaches to the distribution involving BoP distributors. The first one is the ‘Hub-and-Spoke’ strategy, wherein, an enterprise can set up a center in a larger village as a hub from which the micro-entrepreneurs can travel to more remote areas, termed as the ‘Spokes’, in order to sell goods and services. The second one is the ‘Piggy-bank Strategy’ which suggests the use of existing networks for transfer of goods to the micro-entrepreneurs, alongside providing additional services at the hub or selling more products, thereby, creating a larger supply chain surplus. For this type of distribution, the sharing of value between the owner and the micro-entrepreneur is not yet clear. Meanwhile, for the Hub-and-Spoke type, some inventory issues arise as the Spokes provide immense research opportunities. These approaches thus furnish a big room for research.\n\nFinancial Strategies for supporting the Base of Pyramid segment\n\nWorking capital is often the main drawback of cash-strapped BoP businesses, as there is a constant requirement for cash to stay afloat. The micro-entrepreneurs are often viewed as risky borrowers with insufficient collaterals, due to which many financial institutions deny them credit. Micro-finance emerged as a way out. Risk reduction in group lending was heavily researched upon. This was then applied to micro-entrepreneurs, in the form of distributors who are given goods on a credit basis. Another such research opportunity involves optimal loan repayment where frequent repayment schedule reduces the amount of defaulted loans but increases the lenders’ cost of collection. The third opportunity in research is the screening of micro-entrepreneurs for lending to reduce the cost associated with the defaulted loans.\n\nA question for research and a business opportunity which is supported by these examples is the prospective role which large companies play in the supply chain. Companies can offer micro-finance as working capital for the suppliers and distributors of the lower strata, by making the pre-payment for the supplies procured from them. Hereby, the collection costs can be cut down with the collection being piggy-banked on the goods’ transfer. Micro-lending the actual transactions can further reduce the lending transaction costs as well.\n\nStrategies for improving productivity for the Base of Pyramid segment\n\nProductivity in the BoP segment can be relatively low, owing to the poor health and the deficiency to sufficient means of production. Entrepreneurs and researchers can learn from social enterprises that have sought to meet these challenges. It’s critical to improve the skills and knowledge of the poor workers who are based out of the rural areas and working in the semi-industrialized cities. The provision of services is becoming important in the supply chain where the number of skills and knowledge matters more in the assembly-line jobs of the Ford system. There are two different education aims for productivity. The first one is to deepen the skills in a specific manufacturing domain and the second is to provide a breadth of skills and knowledge for the knowledge economy. For service-driven estates, this type of an education plays a vital role. To make this education a research opportunity; the investigation of the role of different platforms which enhance the education of BoP people who cannot afford formal education; is a crucial possibility. Since these people cannot afford access to the internet, strong business models need to be established. An example of such a business model is the “train the trainer” model which elevates the number of trained individuals. We at DiscoveryIoT, have come up with an inextricable innovation in order to enhance the technical knowledge across the country. We have set up ‘Discovery Labs’ which are distinctive research centers, allowing the exploration of various fields of technology. Discovery Labs are not just experimenting with these technologies but are also encouraging students across the country to learn about them while providing them with the desired exposure.\n\nConclusion\n\nThe design and implementation of BoP solutions or products require multinational companies to make adjustments to their business strategies and processes. Further, the importance of specific strategy process elements needs to be assessed. While it seems obvious that strategic management thought can be applied, the analytic criteria put forward are particularly geared towards the BoP solutions. While previous literature centers around analyzing needs, the case-based research provides the insight that aspects of internal organization, supply chain management, and sustainability outcomes are of equal importance. Thus, the bottom of the pyramid provides many opportunities to be exploited as well as to extend supply chain research.\n\nRead More: “Supply Chain Innovation for the bottom of the pyramid”\n\nOriginally published at https://discoveryiot.com\n\nJoin DiscoveryIoT for more details",
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      "body": "@@ -998,16 +998,18 @@\n lication\n+.%0A\n %0ADistrib\n@@ -1982,16 +1982,17 @@\n t side.%0A\n+%0A\n Discover\n@@ -2445,16 +2445,17 @@\n  etc.ii%0A\n+%0A\n Customiz\n@@ -2991,16 +2991,17 @@\n etwork.%0A\n+%0A\n Automati\n@@ -3385,16 +3385,17 @@\n sed up.%0A\n+%0A\n Disburse\n@@ -4008,16 +4008,17 @@\n etwork.%0A\n+%0A\n Invite c\n@@ -4026,16 +4026,16 @@\n ntacts%0A%0A\n-\n The appl\n@@ -4454,16 +4454,17 @@\n  later.%0A\n+%0A\n Predicti\n",
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      "title": "Discovery’s mobile application as a part of supply chain solution"
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      "body": "![mobile-app-for-blockchain.jpg](https://cdn.steemitimages.com/DQmT32Gs6tPAPv7rskXMVbRnrQ4ggQPec5eBVBqb2wESgP1/mobile-app-for-blockchain.jpg)\n\nPowering the user community through discovery’s mobile application\n\nLooking to disrupt the traditional supply chain management, Discovery is building a network that is constituted of three layers. The layers are namely, an IoT tag called Cliot, a user community and data analytics. Although all the three are equally important in developing a robust supply chain solution, the user community is what facilitates the growth of Discovery’s network. Each member of the community forms the nodes in this network by installing Discovery’s mobile application on their smartphones. These phones or nodes are the point of contact whereby Cliot transmits data to them via Wifi or Bluetooth where after the cellular network is utilized to transmit the processed data from phone to a cloud or central server. Following is a peak into the features of Discovery’s application\nDistributed App (D-App)\n\nThrough a blockless DAG network Discovery intends to connect the user smartphones of the community. According to Statista, smartphone users are estimated to reach 2.87 billion by 2020. Due to such massive penetration of smartphones, Discovery can create a massive community base to support the network.\n\nA distributed app or D-App forms the front end of Discovery network. This app facilitates the transmission of data from IoT tags to phones and thereby to the cloud. Transmission link is established between tag and phone via blockchain functionality called smart contracts. When a user is within the vicinity of a tag, the phone and tag enter into a smart contract by means of which public or private key of tag is shared with the phone to be tracked and a ping is recorded on the network along with its details. Once the data is transmitted to the phone, the data is processed at the phone itself and then pushed to cloud or server on the client side.\nDiscovery Zones\n\nDiscovery zones are the places where IoT tags are located within the proximity of a user. The D-App will keep a regular update of these zones for the users through an AI interface based on historical data and the pings received from other users. The feature of Discovery zones is incorporated to facilitate user support for the network. Besides, zones are also shown based on the routes taken by the user, location frequently visited and etc.ii\nCustomizable data limit settings\n\nTo provide more flexibility to users with respect to the utilization of data, the application will have a user configurable setting to limit data usage as per their own preference. The users can have the option to set their data limit based on a periodic or daily basis and by setting apart a percent of data available from their telecom package. This level of customization therefore enables users to get benefits by being in the network and be in control of how much they want to lend to Discovery’s network.\nAutomatic pairing and data sharing\n\nOnce the application is installed and the user details are verified, the app will constantly monitor signals from tag, which upon detection, the phone and tag automatically pairs and shares relevant data. To ensure high security, the data residing in user’s phones are periodically erased which additionally ensures that phone storage space is not used up.\nDisbursement of tokens\n\nThe users get rewards in the form of tokens depending on the amount of data that is being lent to the network. The data lent in turn is directly proportional to the number of pings since for each ping, a defined amount of data is being shared. Therefore, the reward is pegged with a certain number of pings as per the prevailing market. The reward is disbursed in the form of tokens that in turn will be based on the market price of DIS token on crypto-exchanges.\n\nThe disbursements will be made in the form of micropayments for user gratification based on smart contracts on the ethereal network.\nInvite contacts\n\nThe application also provides a way to invite new members in their contact to join the network. As more members join, the visibility of tags in the network gets more accurate. Besides, the identity of each user is stored on geographically specific ledger in the blockchain. Hence in the event of phone crashing, the data and token amount of the user is saved in the ledger as a backup which can be automatically restored later.\nPredictive transactions\n\nUtilizing high powered machine learning techniques, the location of IoT tags are predicted and nodal traffic is regulated accordingly. This predictive capability enhances network transactional capacity to handle 1000x the traffic that is not currently available in any blockchain based platform.\n\nRead More: “Discovery’s mobile application as a part of supply chain solution”\n\nOriginally published at https://discoveryiot.com\n\nJoin DiscoveryIoT for more details.",
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      "body": "![discoveryiot.jpg](https://cdn.steemitimages.com/DQmb6wgCC4unZgRNoRDzgy9bKBSEshaAXWBD9P2VPnq93Yu/discoveryiot.jpg)\n\nWhat could be more efficient and effective in the supply chain than predicting the demand and shipping products even before it is ordered? This is what predictive order fulfilment is all about. Unlike making guesswork or trying to be a psychic to predict future, forecasting the demand for products with the help of artificial intelligence can let businesses make informed decisions accurately enough that they can risk packing and shipping the products before getting an order. According to a report, it is estimated that the predictive analytics market will be worth $12.4 billion by 2022. But why is predictive analytics important? There have been countless instances where smartphone makers have run out of stock within the first few days of the release of their smartphone rendering the prospective buyers to a frustrating period of wait until restocked. While for some, it could be a strategy to create hype but for many, it is certainly not the case. Running out of stock is an issue faced across many industries such as FMCG, fashion etc. This problem ultimately comes down to the inaccurate demand forecasting which is where predictive analytics can become the game changer. In addition to the efficient management of stocks, there are various issues experienced in the order fulfillment process and these issues can be related to billing, delivery, incomplete data, shipping and etc. Any issues experienced among these can lead to delay in delivery. Order fulfillment process might vary depending on the type of order. For instance, wholesale procurement order for large-scale businesses varies from individual customer orders. Nevertheless, order fulfillment is roughly comprised of receiving items followed by warehousing and inventory management which is followed by processing the orders and finally shipping it to the customers.\n\nHow does Discovery's IoT solution incorporate predictive analytics?\n\nDiscovery's innovative IoT solution for supply chain management has already garnered significant interest. By bringing together IoT, blockchain, edge computing and artificial intelligence in an unprecedented feat, not only does Discovery's solution puts an end to the issues of stock-outs and stock-obsolescence faced by various industries but it also makes way for the much-needed technology assisted the transformation of the supply chain. A three-layered network comprised of an IoT tag named Cliot, a community of smartphone users and a data analytics component, Discovery essentially provides enterprises with a one-stop solution that can shape their business with a competitive edge. By attaching the Cliot tag on products, Discovery can gather information on products such as its whereabouts and condition. This data is then transmitted to the nearby smartphones that are registered in the Discovery network. Upon receiving the data, it is then processed on those phones and the processed data is further sent to the cloud for performing analytics. While AI is employed in the network to automatically manage the devices registered in the network based on its geographical location, it is in the third layer where analytics is performed. Based on the enterprise requirement, any type of analytics such as predictive, descriptive, diagnostic and prescriptive analytics can be performed. Predictive analytics makes use of AI; specifically, machine learning, to gather insight into the data received. It does so by recognizing patterns in the data without requiring the system to be explicitly programmed for the purpose. As suggestive of its name, this method improves with time as more and more data is fed into the system. Considering a very simple scenario, if Cliot with appropriate sensors is attached to a bottle of juice, as its quantity decreases below a certain limit, the tag can transmit the information to the company. If it is a regular customer, the company can preemptively send another one. Although this scenario where companies attending to each individual seems like a farfetched idea, this can be a realistic application on a macro scale where individuals can be replaced with local retailers with the insight received from data being the stock levels.\nBusiness is a numbers game; it is all about having the most accurate data or numbers and crunching those to get the best insight into the factors affecting a business. Today, while the majority of the businesses are conducted by answering the immediate demand for products, with the ever-expanding capability of technology, soon forecasting the demand through data and answering it in the present will be the defining factor for a successful business.\n\nRead More: \"How Discovery's solution help in predictive order fulfilment\"\n\nOriginally published at https://discoveryiot.com\n\nJoin DiscoveryIoT for more details.",
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      "body": "![supply chain.jpg](https://cdn.steemitimages.com/DQmYxcHki1RGUbdXTrLVFUorYJHtPyophSAocLK1CYKxAw8/supply%20chain.jpg)\n\nCentralization, or the control of an organization by a single authority, has been prevalent in several organizations over the past few decades. In fact, even today, most organizations have centralized systems. To understand centralized systems fundamentally, let’s take the case of the Central Government. The problem with the Central Government is not just the physical distance or the deficiency of awareness about the local problems, but also the psychological separation of the government from its citizens. This commonly leads to the government taking a course of action which is not favored by the community at large. Due to this, their credibility also becomes questionable. This is an instance of centralization, wherein a single authority directs, controls, and makes decisions. A noteworthy example of this kind of system is the US Government. Even the US dollars are printed by the country’s Mint only after the Congress permits. If ever, due to a miserable twist of fate, the US Government disappears someday, so will their currency. Technically speaking, this is more like one machine telling the other devices what is to be done.\n\n![centralized.png](https://cdn.steemitimages.com/DQmQHLYTqeUTsqhxWxw1V1B9fZfmdo27S3Jvc7HX8VzS6La/centralized.png)\n\nWhy Decentralization?\n\nIn layman terms, decentralization is the uniform, systematic and symmetric distribution of authority at all levels of management. Focusing on the problems discussed above, had the government been decentralized; the administration would have been more efficient and reliable. Even the local community would have had a voice and right in the government. Let’s have a look at the other benefits of decentralization.\n\nDecision making is quick: As over here, the right to make decisions is not restricted to a few hands; all officials get to participate and take decisions concerning the activities they perform.\nCreation of upcoming managerial talent: The officials working at the lower levels also learn the art of decision making, which is an essential element of management. This enhances their experience of working as the managers at the top do. Thus, they can be promoted to higher posts, without a doubt regarding their abilities, as and when the vacancy arises.\nFacilitation of growth and revenue: As the lower levels get enough autonomy, they choose whatsoever suits their department the best. The productivity increases with the departmental growth, thereby generating more revenue for the company.\nRoom for creativity: Every employee gets the chance to take his/her respective initiatives. While taking the decisions concerning them on their own, the workers at lower levels start showing creativity in the manner of getting the jobs done.\nBetter teamwork: The sharing of decisions and the freedom to act, integrates the employees into a single team, thereby developing a strong team spirit among them.\n\nImplications of Decentralized Nodes in the Supply Chain\n\nSupply Chain Management plays a crucial role in every organization in order to meet the ever-increasing expectations of customers at a reasonably low cost. For the same, the companies need to study the sectors of their supply chain which are competitive and thus make the required improvements to fit the customers’ needs. To be able to map out the supply chain sectors, decentralization is a must.\n\nWe are providing Supply Chain solutions through DiscoveryIoT; which are run through a network of decentralized nodes, residing on the users’ smartphones. We have come up with more than one revolutionary allowance that lets different companies track their goods through the supply chains, precisely alongside, giving equal importance to the factor of their timings. The company is solving various supply chain issues with the convergence of many technologies. Our solutions are well under budget and hence the best suitable in today’s market. Every supply chain industry has an eye on our ICO, which will begin in the September of 2018.\n\nDecentralization as an Ethos of Blockchain\n\nThe greater the number of decentralized nodes in the supply chain; the faster the transactions take place, ensuring full efficiency in a single go. The cryptocurrency system acquires a credit value of its own, once the ledger transactions are established by the nodes. Blockchain works as a congregation of the technologies of asymmetric encryption and point-to-point network. Thus, Decentralization is the outcome of a non-trust mechanism.\n\nIn the cryptocurrency community, decentralization is completely visible. The money no longer gets printed or gets valued by some institution. It is, in fact, created and added value to, by the community that uses it. The Bitcoin Network, with miners, developers, and users, needs to get matured by granting equal privileges to participants across the network. However, if we see Blockchain as a decentralized and non-trust system, it can be utilized only for open source applications.\nA closure\n\nSome companies also follow a combined policy of Centralization and Decentralization. They keep important matters like financial and infrastructural decisions with the top levels of management while the general ones are shared with people working at different levels. Centralization gives the controlling authority an undue power to determine almost everything for the system, further taking away the decision making power and the autonomy of the lower levels of the organization. Essentially, no company can be solely centralized or decentralized, it has to be a mix of both. However, the merits of decentralization definitely outweigh its demerits. Therefore, Decentralization is the way forward.\n\nRead More: “Decentralizing is the essence of an efficient supply chain”\n\nOriginally published at https://discoveryiot.com\n\nJoin DiscoveryIoT for more details.",
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      "body": "@@ -1286,16 +1286,17 @@\n ustry. %0A\n+%0A\n Supply c\n@@ -1330,16 +1330,18 @@\n olution \n+:%0A\n %0ATrackin\n@@ -1948,16 +1948,17 @@\n urchase.\n+%0A\n  %0AToken \n@@ -1969,17 +1969,18 @@\n  details\n- \n+:%0A\n %0AICO pre\n@@ -2206,24 +2206,25 @@\n illion DIS %0A\n+%0A\n Token Struct\n@@ -2226,17 +2226,18 @@\n tructure\n- \n+:%0A\n %0AToken n\n@@ -2362,16 +2362,17 @@\n on DIS %0A\n+%0A\n Media Pr\n@@ -2377,17 +2377,18 @@\n Presence\n- \n+:%0A\n %0ABlockch\n",
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      "body": "Cryptocurrency, blockchain, and ICO has entirely changed the perspective of carrying out a business and completely revolutionized business operations. Previous year has really been great for ICO and ICO enthusiast as well. This year ICO gets a bit advanced with some stringent rules to get followed for companies to hoist their ICO flag in the exclusive community. Companies need to come up with solutions for industries who are facing real-time problems using blockchain and only those ICO companies can survive in today’s scenario. If you ask me about the best ICO to invest in 2018, then I would suggest DiscoveryIoT as the best one. \nAs the most impressive and innovative blockchain executor, DiscoveryIoT has addressed and found feasible solutions for the real-time difficulties faced by supply chain industry in today’s scenario. Through clubbing up technologies like Artificial Intelligence (AI), Internet of Things (IoT), Edge Computing, and Backscatter technology in the right proportion Discovery not only resolves the complexity but also enhance the efficiency of supply chain industry. The USP of DiscoveryIoT is they have implemented the most solid and effective technologies like Backscatter and AI to sort out the real-time complexities faced by supply chain and IoT industry. \nSupply chain issues and Discovery solution \nTracking has always been an issue in supply chain and it has caused huge loss and various setbacks to the entire industry for years. Whether it may be a product tracking during the shipment or order tracking from the customer side there are several issues faced by this industry. Enabling blockchain and IoT, Discovery has really found a solution to sort out this issue in every single phase of supply chain processing. Further through embracing AI and backscatter technology in this scenario, Discovery has also made it possible for the customers to track and find a specific product when they are set to purchase. \nToken sale details \nICO pre-sale 1st round- Jul1-31, 2018- 40 million DIS \nICO pre-sale round 2- Aug1-31, 2018- 100 million DIS \nICO total amount- 256 million DIS \nICO 1st round- Sep1-15, 2018- 120 million DIS\nICO 2nd round- Sep16-30, 2018- 136 million DIS \nToken Structure \nToken name: DIS \nToken value: 1 DIS= USD 0.05 \nTotal tokens: 1000 million DIS \nHard cap: 396 Million DIS \nSoft cap: 100 Million DIS \nMedia Presence \nBlockchain and ICO community finds DiscoveryIoT as a high potential blockchain based startup and this made the media heads to turn its limelight towards this innovative initiative. Some of the highlighted media presences of DiscoveryIoT are: \nBusiness to community \nreadwrite \nIoT now \nDZone\nMedium \nIoT Worm \nICO bench \nCISION \nICO schedule \nBlockchain Magazine \nTG Daily \nIoT Central \nCrunchbase\nSiliconIndia",
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      "author": "discoveryiot",
      "body": "![iot in technological advancement.jpg](https://cdn.steemitimages.com/DQmTbDYsiQE4EPTKhUFHymJawjW1gH5RAXyAhM9vhz4aGBK/iot%20in%20technological%20advancement.jpg)\n\nThe Internet of Things (IoT) is a web of connected physical objects that are accessible through the internet. It has the ability to collect and transfer data over a network without manual assistance or intervention. Internet of Things can become a commonplace in all walks of life. Connecting everything and everyone. IoT is a transformational force that can help companies improve performance and deliver better results through IoT analytics and IoT Security, in order to create a more comfortable and productive work environment, gain insights to achieve peak optimisation and reduce energy consumption and costs.\n\nThere are various aspects of IoT that can really change the face of technological advancement.\n\nImprove the quality of a service or a product and increase the productivity of the workforce.\n\nThere is a need for a smarter connectivity network for the supply chain which can directly or indirectly affect quality of the product and productivity. Connected device data allows the detection of pervasive issues more quickly and accurately so that such issues are contained proactively and customer dissatisfaction is prevented. Identifying issues in small subsets of the product population is a key to improving quality. In an IoT energised network manufacturing environment, the machine can communicate its output variation to downstream equipment, which automatically makes adjustments to ensure the final product is within specifications.\n\nIncreasing reliability of operations and Tracking supply chain logistics\n\nThe ability to identify hidden patterns, predict future events, forecast usage and costs. Deriving insights makes analytics priceless. IoT revolution will allow us to enhance those solutions by intelligently connecting people, processes, data, and things via devices and sensors. Data gathered from GPS and RFID technologies allows supply chain professionals to automate shipping and delivery by exactly predicting the time of arrival. We will be able to track ambient temperatures, the amount of inventory, and the performance of equipment all coming together.\n\nReducing cost of materials, wastage and the risk of theft and other losses.\n\nIoT can accomplish efficiency as the presence of a single software platform ensures accuracy of safety performance. The solution can notify a potential risk , faster detection so they can take action. With improved safety management and risk mitigation, organizations will note a decrease in claims, which can save companies millions in workers’ compensation or lawsuits. Iot enables you to automatically lock doors using just an app, and receive alerts on unusual movements and then use the data captured to identify areas of concern and improve them. When IoT is on the floor, less human interaction is needed. Thus, the risk of accidents is greatly reduced.\n\nAccessing new customers and Increasing customer satisfaction\n\nCustomers are the most vital part for the functioning of any organisation. There are various aspects that specifically attract customers, such as- Product design and timely delivery. Collecting data about consumer behavior can highlight the features that customers find the most relevant, and helps in identifying any potential issues in the current processes. Understanding buying trends can determine better in-store product placement. Inventory and logistics are other areas where this level of real-time information can play a vital role. By connecting through phone or email, companies can refine and target their marketing specifically to the individual consumer.\n\nUnraveling the full potential of IoT for innovative powered solutions could possibly revolutionize the approach to technology. Internet of Things has reached down into every sphere of a business. Manufacturers around the world have confidence in its abilities now. About 40% of the total survey respondents believe that smart manufacturing along with its foundational technology, the Internet of Things, is ready and that it’s the right time to invest. Only 3% dismiss smart manufacturing and the Internet of Things as pure buzzwords. IoT has the ability to actually create a positive impact on the planet. The power of the Cloud enables intelligent feedback loops that personalise experience in remarkable ways. IoT will make the world smarter and better than ever before.\n\nRead More: “The comfort of IoT in technological advancement”\n\nOriginally published at https://discoveryiot.com\n\nJoin DiscoveryIoT for more details.",
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      "body": "![impact-of-blockchain-technology-in-supply-chain1236.jpg](https://cdn.steemitimages.com/DQmadKjhWvEQxuC8zScq2y1WJ8qSXVSSTqsz1qeCEc5aNNa/impact-of-blockchain-technology-in-supply-chain1236.jpg)\n\nRising into prominence with the cryptocurrency hype, the scope of Blockchain technology is now being explored outside financial services. While the market value of Bitcoin, Ethereum and Ripple has skyrocketed to over 10,000 percent, the global blockchain market is estimated to reach $7.59 billion by 2024. According to the report, demand for blockchain is set to rise across various sectors such as media, telecom, healthcare, transportation and consumer or industrial products.\n\nWith several banks already experimenting with blockchain so as to deploy it in their services, blockchain has a convincing use case for the finance sector. However, arguably the next biggest transformation it could bring, would be in the supply chain management. According to a report by IndustryARC, blockchain’s supply chain market is projected to reach $424.24 million by 2023 with compound annual growth rate (CAGR) of 48.37%. The many benefits of blockchain such as automation of contracts, reduced costs, better visibility into the process etc., have made it a promising solution to the existing problems faced in the management of supply chain. The traditional SCM is wrought with issues that impede it from efficiently delivering the needs of the global market. To see how blockchain could make an impact on the supply chain, an overview of these existing problems in SCM becomes necessary.\n\nLack of Transparency — With globalization, managing supply chain has become an incredibly complex task. Neither customers nor enterprises have a clear visibility of all the elements in the management. As products have to travel multiple geographies, it is extremely difficult to keep track of every channel that the product passes through. Due to this lack of visibility, companies have no way of identifying the inefficient intermediaries in the process and as a result expenses rise for the enterprises, which in turn hampers customer satisfaction and inflates prices for the consumers.\n\nLong Lead times — Lead time refers to the time between the initiation and the execution of the production process. When suppliers, manufacturers, distributors and customers are spread across multiple geographies, longer lead times are experienced. This is particularly the case with global supply chain where supply chain parties are located in different countries. As the demand for their products rises, enterprises cannot afford to have longer lead time. Thus, it becomes a critical appealing factor to the customers.\n\nMaintaining trust across supplier networks — A crucial factor to handling supply chain is maintaining good relationships with suppliers involved in the network. While it is a smaller issue for domestic players, it is a key element for handling global supply chain networks. When globalized, enterprises need to maintain good trust with a wider number of suppliers, while at the same time having no control over them. As a result, enterprises cannot manage their businesses efficiently as they are reliant on the supplier to deliver items. Therefore it becomes crucial for companies to weed out unreliable suppliers.\n\nUncertainty — Having to send products over various geographies, the supply chain, severely suffers from uncertainties in logistics and production due to political and economical instability of a region. In addition, an enterprise managing suppliers in multiple countries has to take into account the region-specific factors such as transport connectivity, weather etc., in order to be able to effectively manage the supply chain without hindering their business operations.\n\nSecurity — Without visibility into the supply chain and proper accountability of who handles what, passing products over different channels implies that they are subject to several risks, such as, theft and piracy. For instance, items while in transit can be taken through illegitimate channels in which unauthorized replacement of items can take place or they can be tampered with. Besides, those enterprises that rely on sub standard IT management systems may be subjected to hacking, thereby, posing a threat to the entire supply chain network.\nHow can Blockchain Technology help?\n\nWhile some forms of the Distributed Ledger Technology (DLT) has been around for over a decade, such as the Peer-to-Peer (P2P) Torrent technology, what makes Blockchain worthy of the attention, is its unique combination of various concepts. Blockchain is a distributed ledger that works upon the principles of game theory, P2P technology and cryptography.\n\nA distributed ledger is nothing but a registry of digital data or a database distributed or spread across nodes in a network to be shared and viewed. It is essentially a decentralized network that works without a single central authority. Following are the key features that make blockchain appealing as a distributed ledger platform for supply chain:\n\nDecentralized — Having a ledger replicated over all the user nodes in the network implies that the transactions are always verified by users to be legitimate. For supply chains, decentralization is the ideal solution to tackle the issue of transparency. For instance, enterprises can record location, price, date and other relevant information of items in the supply chain and this information, shared via public ledger, can provide all the stakeholders with the information and status of the transit and origin of items.\n\nImmutability — One of the striking features of blockchain is that once the information is recorded on a block in the chain, it cannot be tampered without altering the subsequent blocks and without the consensus of the majority of users in the network. The level of security that blockchain allows, owing to its immutable nature, ensures that the recorded information is not altered. In the case of supply chain, trustworthy and shared records ensure stakeholders to maintain trust among partners.\n\nSmart Contracts — Opening up blockchain’s application across other verticals, the Smart Contract is a feature that allows two parties to enter into a contract and have the terms in the contract execute automatically once an event is triggered. It is essentially a piece of code that is encoded into a block and distributed across the network. This is highly relevant in supply chains, where financial transactions can be easily managed between multiple parties instantly at the time of product delivery, thereby, enabling transactions efficiently in a faster and cheaper way.\n\nRecognizing the potential of blockchain, enterprises are becoming more positive towards its adaption into the supply chain management. For instance, IBM has paired up with Maersk, a leader in logistics and has used blockchain in its initial pilot to digitize, automate and store paperwork. Hence, it is evident that blockchain has certain advantages and understanding the key benefits is vital to know its potential.\n\nPotential benefits of using blockchain in supply chain:\n\nUndoubtedly the key reason to implement blockchain in supply chain is to increase transparency, improve security and reduce costs, and in particular, following are some of the benefits it provides:\n\nReduced paperwork and administrative costs\nStreamlined business processes\nImproved visibility of supply chain channels\n Increased traceability of materials in the channels\n Prevent theft and piracy\n Improved trust and transparency between business parties\n    Increased customer satisfaction\n\nIt is evident that adopting blockchain provides numerous advantages for the supply chain industry. It also gives a competitive edge that is much need for any enterprise to stay relevant in the market. In addition to the benefits highlighted above, blockchain enables enterprises to reduce communication errors and improve collaboration between parties, as all those involved have access to the same information.\n\nTo conclude, blockchain technology has an immense potential in the supply chain management practices. For any industry, supply chain forms a major part of the business and coupled with globalization, an effective business strategy always prioritizes streamlining the supply chain. Blockchain, therefore, comes as a solution that can completely tackle the issues of transparency and security that currently exist in the supply chain. For enterprises looking to gain a competitive edge, early adoption of innovative solutions, such as the blockchain, becomes a key to the business growth.\n\nRead More: “Impact of Blockchain in Supply Chain”\n\nOriginally published at https://discoveryiot.com\n\nJoin DiscoveryIoT for more details.",
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      "body": "![use-case.jpg](https://cdn.steemitimages.com/DQmcNWrmtXQzC4W9TvEXkeVPbfcQyX3vzGq9TgTJsA8nw1d/use-case.jpg)\n\nBlockchain has been recognized as the solution for everything, from fixing global financial inequality, enabling people to sell their houses without an estate agent to rendering IDs for refugees. Technological innovation can impact many industries and change their way of functioning. As new technologies are developed, industries try to implement the technology in their industry to operate efficiently. Since the applications of the blockchain are tremendous, it can change the functioning and the way business is done. Blockchain is a public ledger system which records and validate each and every transaction and makes it reliable and secure. It also discards the need for any third-party or central authority for peer-to-peer transactions. Here are some prominent industries that will be overhauled by blockchain technology in the near future.\nFinancial sector and share trading\n\nUtilizing blockchain technology potentially allows for greater trade accuracy and a shorter settlement process. Financial Institutes and banks are actively investing as it will soon be influenced by blockchain technology. It has the potential to develop many processes within the financial sector, including share trading. It involves middlemen like brokers in the process of buying and selling stocks. Creating a decentralized and secure ledger gives every party a valid transaction, speeds up the settlement process, allows for greater trade accuracy, and can cut out some of the middlemen while changing the role of others.\n\nTrading has changed significantly with the initiation of computers. In the coming future, blockchain technology will not only exclude intermediates but also make the stock exchange decentralized, without a need for the central system to bring supply and demand together. Since blockchain is shared by all the associates, it is easy to prevent double-spending and verify who owns tokens at some particular point in time. They can be implemented in this sector by using digital currency like bitcoins that can be stored and carried in the form of cryptographic tokens. For instance, since bitcoins uses a peer-to-peer network to broadcast information about any transactions taking place, they can be added to blocks that are cryptographically secured, forming an immutable blockchain. Also, they can be tracked and ‘colored’ to distinguish and can be associated with the ownership of certain assets like stocks, bonds etc. In this way, many different assets can be transferred using the bitcoin blockchain, but there are also other cryptocurrency networks that are authorized for exchanging multiple assets, such as Ripple.\nSupply chain management\n\nSupply chains embrace the end-to-end flow of information, products, and services. Managing these components affects the organization’s competitive positioning in areas such as product cost, working capital requirements etc. Organizations aim to adopt innovative methods so as to streamline their supply chains, optimize efficiencies and meet consumer demands. Issues like paper-based processes are still common resulting in reduced transparency and collaboration across networks. Further, decision making amongst the member is complicated by different systems which provide limited visibility of other functions. The current supply chain process faces four key pain points.\n\nTraceability- Capability to control events and data linked with a product\nCompliance- Standards and controls to prove that regulatory conditions are met\nFlexibility- ability to adapt changes without any increase in operational cost\nStakeholder management– effective governance to enable risk reduction and trust among parties\n\nDavid Dalton, Partner, and Deloitte EMEA Blockchain Lab sponsor considers that “Traceability across supply chains are one of the most compelling use cases for blockchain technology” Blockchain allows organizations to effectively tackle these problems. It holds the benefits of providing greater information transparency, distributed digital ledger and relies on cryptographic principle. The implementation of blockchain in the supply chain can solve all the issues including the pain points as mentioned above. It solves the pain points in following way\n\nBlockchain renders a full audit of data, making it traceable and keeps record keeping along the supply chain.\nAll blockchain transactions are tamper-proof and timestamped, hence solving the problem of compliance and providing a single source of data integrity.\nThrough the use of smart contracts across the supply chain, a continuous real-time tracking of data is facilitated and hence enabling flexibility.\nBlockchain enables peer-to-peer interactions which can be trusted based on the digital signatures.\n\nDiscovery aims to solve such supply chain issues by implementing blockchain with the convergence of IoT, AI, and edge computing. Our solution will soon be adopted across the supply chain industry as it solves the critical issues at a very low cost.\nIdentity management\n\nOnline identity management has always been a time-consuming and costly process. For any purposes, there is a need for registration. A consumer can also register online but financial services like loans, mortgages or insurance require a higher level of security for the financial institution to co with Know Your Customer (KYC) regulations.\n\nAuthentication and authorization involve some form of face-to-face checking and/or examining official government identity documents will be required. Second, the client requires a means of authentication: users need to show that they are who they claim to be each time they log into a service. Third, authorization — there needs to be evidence that they are entitled to do what they propose to do. This procedure is followed again for every new service provider.\n\nWhen identity management is influenced by blockchain technology, users have the choice to decide how they want to be identified and who will be notified. There is a need to register their identity on the blockchain initially and hence can be used for other services too.\n\nA number of startups are generating blockchain technology applications in the field of identity management. Users have to register and identify themselves once to banks or insurance companies connected to this platform, they are then recorded on the blockchain so they do not need to be registered by the other parties as well. One of the benefits of blockchain technology is that it has the potential to cut out the middlemen and provide every party the information that does not need to be verified.\nDigital voting\n\nDigital voting uses electronic devices, such as voting machines or an internet browser, to cast votes. These are sometimes referred to as e-voting when voting using a machine in a polling station, and i-voting when using a web browser. The biggest concern when considering to implement a digital voting system is security. One way the security issues can be potentially solved is through the technology of blockchain. Blockchain technology originates from the underlying architectural design of the cryptocurrency bitcoin. Since it is a framework of the distributed database where records take the form of transactions, a robust and secure system for digital voting can be devised. It helps to reduce voters frauds and increase compliance for government officials.\nSummary\n\nAs innovative technologies are developed, industries try to adopt them to change the functioning and also gain a competitive edge. Blockchain technology is one such that holds the capability to optimize the global infrastructure to deal with global issues that are efficient than the current system. It is the most promising technology that holds the ability to solve the issues, like transparency and frauds, being faced in the current functioning. Organizations and enterprises are now aware of the potential benefits of blockchain technology and are thus implementing them in their industries.\n\nRead More: “Use Cases of Blockchain across various industries”\n\nOriginally published at https://discoveryiot.com\n\nJoin DiscoveryIoT for more details.",
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      "body": "@@ -3481,20 +3481,16 @@\n a.PNG)%0A%0A\n-    \n Decentra\n@@ -3809,20 +3809,16 @@\n ledger.%0A\n-    \n Verified\n@@ -4022,12 +4022,8 @@\n ed.%0A\n-    \n Immu\n",
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      "body": "![impact-of-blockchain-in-supply-chain-management-and-logistics.jpg](https://cdn.steemitimages.com/DQmZZEWWEy43GkiKof6mgDPtjC4SSL6aeXQSubqcGhFudkG/impact-of-blockchain-in-supply-chain-management-and-logistics.jpg)\nBlockchain is a technology for decentralized storage of transactional data. It has been flourishing, in particular, in the finance sector for a while now and is often described as ‘disruptive’, ‘game changer’ or ‘revolutionary’. In September 2015, it was known to a large audience, and nine major financial companies, including Goldman Sachs, JP Morgan, Barclays, and others, joined forces to develop a new blockchain-based foundation for financial services. With over 2400 startup companies as per Angel.co, Blockchain has become the cultured hype with almost daily announcements of new projects. It took long till the supply chain management (SCM) and logistics community intercepted on and realized the impact blockchain could have on their industry. One major promise of the Blockchain technology is to create transparency –every member involved in the network has access to the same data, providing a ‘platform for truth’ as said by Tapscott in an interview with McKinsey’s Rik Kirkland.\n\nTransparency is one of the most important and laborious element that is required for logistics and SCM. Being an integral part of the business, it decides the outcome of any business or product. Blockchain is the solution to the issues and shortcomings associated with transparency. It solves all the major issues, such as, lack of transparency, security, accountability, reliability etc.that can be easily tackled by investing in the this technology. Blockchain consultants believe that it is only via blockchain that a trust factor can be developed between the service provider and the user. Logistics expert, O’Marah views blockchain to offer “enormous potential“, while Dickson comments that “blockchain has the potential to transform the supply chain and disrupt the way we produce, market, purchase and consume our goods”. However, the hype around blockchain seems to be driven by technology providers, journalists and consultants. SCM and logistic operators of small and medium-sized companies show little knowledge about the impact of blockchain on their industry. Hence, there is a need for convincing use-cases and benefits of blockchain overcurrent IT solutions.\n\nBlockchain’s Potential Opportunities in Logistics and SCM\n\nMost of the businesses are now realizing the importance of this pioneering technology and the Logistics and Supply- Chain industry are gently and firmly catching up with this technology. It has now become a stairway to immense success. Blockchain consultants consider blockchain as the safest place to store data and companies often boast about the hassle-free access to the information.They do so because all the data is assembled and saved in a single ledger. This comes as a sign of relief, as the companies do not have to get into the complexities of multiple ledger systems. Awareness regarding the blockchain technology’s potential is a necessity, as only a few logistics experts are aware of the importance of integrating the Blockchain technology into their industry. The fundamental properties of the Blockchain technology- decentralized, verified and immutable, are shown in the infographic below:\n\n![Captureaaaaaaaaaaaaaaa.PNG](https://cdn.steemitimages.com/DQmeG5QTE8F1Qr1tjd1PfwT6BcMv69XtPfeiCFrx9RZHkBk/Captureaaaaaaaaaaaaaaa.PNG)\n\n    Decentralized– The Blockchain technology is decentralized as the network is run by the members involved, without any dependence on a central authority. Whenever a transaction is added to the ledger, there is a need to share the transaction on the peer-to-peer network, where all the members hold their own copies of the ledger.\n    Verified– Before sharing the transaction on the network, it is signed by the members using a private-key cryptography and only the owner of the private key can initiate it. Hence, the transaction is verified.\n    Immutable– Immutability of the blocks is one of the prominent features of the Blockchain. As the Blockchain technology is based on a consensus mechanism, the contents of the blocks cannot be tampered without prior agreement of the majority of nodes in the network.\n\nBlockchain has promising applications in supply chain and logistics industry. Many companies have regarded blockchain as profitable and drove enough revenue by making it traceable and holding safe transaction. It allows one to track the ‘journey’ of data, including a valid timestamp. In combination with Smart Contracts, the potential is even larger. Smart Contracts are electronic contracts, based on automated actions that are triggered by predefined events. Understanding blockchain’s potential is vital and the following use-case exemplars convey its huge potential.\n\nFacilitate Origin Tracking\n\nIf met with a foodborne disease crash, the company has a hard time figuring out the source of bad ingredients and to which stores were they delivered. It might take a week or more in figuring out the cause, but it takes a long time to restore the consumer’s faith in the product. In 2016, Walmart entered into a partnership agreement with IBM and applied Blockchain technology for food safety and traceability, in order to support offline and online customers in China. With a foodborne disease outbreak, the data derived with the help of blockchain, enabled Walmart to track down the origin of the disease in a matter of few seconds. Company giants like Walmart also believe that the Blockchain could also contribute towards reduction of food waste, if the available data on shelf life is used as a parameter for supply chain optimization.\n\nIdentifying Counterfeit Products\n\nThe origin of high-value items, often relies on paper certificates, which are prone to being lost or tampered with. The products in consideration could be expensive watches, handbags or diamonds. To hold a provenance of these high-value items and by using publicly available records on the blockchain,for instance, in case of a diamond, a potential buyer can clearly determine if the seller is the actual owner of the diamond. In the medical sector, for example, with anticancer drugs, counterfeit drugs are a known obstacle that can have fatal consequences if patients do not receive the treatment as directed. Blockchain could raise patient’s safety by establishing supply-chain transparency from manufacturers through wholesale and pharmacies to the individual patients. It also helps the supply chain members in gaining information regarding any malpractices such as thefts, until the drugs reaches its destination. Through the Auto-ID technology or barcodes, patients can be authorized to check whether they received the actual drugs. Blockchain is expected to make the tampering of products or to channel in products of illegal origin much more challenging.\n\nOperate the Internet of Things\n\nThe Internet of Things means everyday objects- from those that are connected from plugs to devices- so as to enable data exchange over the internet. A Gartner report predicts there will be over 20 billion connected things by 2020, but the prevailing internet architecture with its server infrastructure might not be adequate to manage such an amount of data and devices. Single servers render a single point of failure that eventually raise data security concerns. The public blockchain ledger is recognized as a solution to connect and operate IoT devices reliably. If provided with a large amount of possible IoT objects, say shipments or vehicles, logistics might be one of the most promising applications for blockchain and IoT.\nWhere can we see blockchain technology use-cases in future SCM and logistics?\n\nCreation of a platform for uniform traceability of goods will outlast a major objective for future supply chains. To obtain reliable and transparent documentation of all transactions, end-to-end communication in supply chains must be taken to a new level of maturity. In existence, most networks already fail at the creation of communication or data exchange between the members.\nDiscovery is one such company that is based on the Blockchain technology and has developed a prototype on backscatter technology that aids in connecting devices with embedded sensors. It is set to revolutionize the supply-chain management process by adopting the core technology-edge computing and IoT. Based on the use case, every product can be affixed with the Cliot tag which will convey all the quality related data (e.g. temperature, pressure, vibrations) to an integrated IoT-Platform. The data is visible in real-time to all members of the supply-chain. This enables companies to minimize the response time. Sensors aid the company to take real-time decision, say, quality affecting temperature decreases below a given point during transit, then a shipment of replacement product can be triggered real-time, or an additional quality check can be assigned at the destination. Discovery is a startup company whose solution will soon be adopted by the supply chain and logistics industries, to avoid issues like stock-outs and stock obsolescence.\n\nCONCLUSION\n\nWith an increasingly competitive market, enterprises need to look for ways to gain a competitive edge. Gone are the days where enterprises could maintain their revenue flow, by only taking into account services they offer, rather, the time has come where every aspect of business needs to be efficiently managed so as to stay relevant in the market. While there are many aspects in a business to be managed, arguably, supply-chain and logistics form a significant part of the business strategy, hence, streamlining this component can bring enormous benefits to enterprises. With decentralization and immutability forming its core feature, Blockchain therefore comes as an innovative solution,where the traditional supply-chain and logistics can be completely revamped.",
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      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://discoveryiot.com/2018/05/30/supply-chain-challenges-and-solution/",
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      "body": "![discoverys-answer-to-supply-chain-challenges-new.jpg](https://cdn.steemitimages.com/DQmRwyR5dtXxSdPi7YBu7iyUTrVm4UZrRnN1dBMT76NREms/discoverys-answer-to-supply-chain-challenges-new.jpg)\nThe internet of things or IoT has been touted as one of the most hyped up technologies that is seen to be significant in the near future. IoT will affect every space from smart homes to connected cars. The largest beneficiary of the connectedness is likely to be the supply chain. In a report released by Cisco and DHL, it is estimated that IoT will boost supply chain by $1.9 trillion of the $8 trillion market that IoT would generate. That is approximately 25% of the gross value that IoT would generate. Hence, Discovery is tapping into this trillion dollar market with its innovative IoT solution. Following are some of the supply chain challenges in retail industry which our network shall address:\n\nAsset Tracking\n\nAs a consequence of globalization, companies in almost every industry cater to consumers spread across the globe. As a result, companies adopt different supply chain strategies for different geographies of operation. For instance, the supply chain strategy opted by Amazon in the US would be entirely different from that in India, owing to the fragmentation of retail in the latter’s geography. Asset tracking, therefore, is an issue owing to which companies cannot adopt a uniform solution across different geographies. Lack of visibility of products due to long channels of suppliers, importers, wholesalers, franchisees therefore causes inflated costs at both ends thereby affecting company’s revenue strategy and consumers alike. Due to this visibility issue, quality and delivery of products is also affected.\n\nStock Management\n\nStock-out and stock obsolescence are major problems faced by retailers. Stock-outs refer to situations when an item is no longer available at a retail store and stock obsolescence refers to situations when an item remains on the shelf due to lack of sales or early expiry dates. Currently, there is no optimal way to manage these issues without facing some delay in restocking the inventory. This has considerable impact on a company’s business, to the extent that, a survey about stock-outs concluded that a billion-dollar retailer would lose $40 million a year due to these hindrances.\nRetailer and Customer relations\n\nBeing able to track assets would enable companies to distinguish retailers on the basis of performance. Connectedness enables companies to receive insights into the way products are being handled as well as the degree of supply chain management. At the same time, ensuring the quality of products being delivered and allowing customers to receive timely alerts of the status of an item, companies could improve customer retention rate and improve their brand name.\n\nHow Discovery addresses supply chain challenges\n\nDiscovery’s network involves three layers, namely- Cliot-IoT tag, the user community and data analytics. While the user community and data analytics form the software support for this network, Cliot forms the hardware solution.\n\nCliot is a revolutionary self-charging printable IoT tag that utilizes backscattering technology to absorb surrounding electromagnetic waves to power itself up. The tag is being developed such that it can be mass produced and be affordable at a rate of $0.10 per tag. It is being developed to handle around 100 pings per day. Cliot works by transmitting data to user smartphones installed with Discovery application, that are within 30m range via protocols like WiFi and Bluetooth. Besides, Cliot can also house sensors like IR, gyro, temperature sensors depending on the intended use. Without additional infrastructural support requirements, Discovery offers a solution that is highly scalable than any of the existing IoT solutions. In essence, Cliot offers the following benefits to adopters:\n\nInexpensive tracking solution:\n\nWith a cost as low as $0.04 per month for each product that is tracked, Discovery is undoubtedly a solution that has the potential to be massively adopted.\n\n Real time visibility:\n\nOffering a network that can be utilized for visibility of inventory and sales data, Discovery enables businesses to get real time insight in supply chain workings. This insight is more effective for taking critical business decisions than adopting the traditional market research methods.\n\nTracker development progress\n\nDiscovery has launched a semi automatic tracking solution in March 2017 where products were tagged and captured manually through mobile application interface. Currently, a beta version of the tracker based on Bluetooth architecture is under development and is set to be launched in the second quarter of 2018.",
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      "body": "![imsn.jpg](https://cdn.steemitimages.com/DQmSaCwPFTEFfbd2Gibu2vrLRBh6wB2JB8s5ub2pE13jYU1/imsn.jpg)\nA supply chain management (SCM) system is a set of software solutions that manage the movement of goods, finances, and data as a product/service move from point of inception to its ultimate destination. SCM activities incorporate everything from product development to logistics. There is a need to track the item as it moves through the supply chain — from the manufacturer to the transporter, then to the warehouse and finally makes its way to the store. While traditional supply chain solutions faced the early challenges of a globally minded and rapidly developing world economy, they eventually reached their limits. The food we eat and the medicines we use all come from remote suppliers which are transported and stored in warehouses. There arise many inquiries, such as\n\n    How can perishable commodities be tracked from suppliers to customers?\n    How can the temperature be monitored during shipment to avoid contamination?\n    How can spoilt products be quickly suspended even if they are in transit or stored in a warehouse?\n\nOrganizations have been demanding more insights into real-time views across the entire supply chain. Goods and information could not traverse easily from one part of a supply chain to the next without manual efforts. Inventory visibility and transportation management across the supply chain were limited by systems that were not connected.\n\nIn this dynamic business landscape, the traditional supply chain management model is not suitable for efficient working and thus we are driving IoT, blockchain, AI and edge computing into the image to solve the problem of visibility, agility, operational cost, security etc. Let us compare Discovery’s solution with traditional supply chain model.\n\n![sn1.PNG](https://cdn.steemitimages.com/DQmbo5dhmgutChWokqemp1jYRgASGFzN4sCtBiJPuJau8iC/sn1.PNG)\n![sn2.PNG](https://cdn.steemitimages.com/DQmY95xc7AiRGSvzxgzCbPzTupXc8GoK7dcvuZMcJLnD3eB/sn2.PNG)\n\nWith respect to all the attributes, our solution proves to be beneficial to any supply chain industry. Apart from the above information, it is an IoT led supply chain solution that is run through a network of decentralized nodes, residing on the smartphones of a community of users. Discovery makes IoT an affordable solution for tracking daily products by disrupting the costs of the hardware and tracking simultaneously. Our self-chargeable tag, Cliot, helps in monitoring goods-in-transit to gain information regarding temperature, spoilage, damage etc. We are providing this at a very affordable rate which costs as low as $0.10 and brands can track the goods at just $0.04 per month. We solve the latency problem by processing on edge instead of sending to the cloud and waiting until it is processed. There was a need for such a solution since various problems were identified in the market frequently.\n\nKeeping in mind the problems faced by companies who adopted traditional supply chain model, we are building a solution which uses all the innovative technologies like blockchain which makes supply chain process traceable and secure, IoT which helps in inventory management and automation of manufacturing process, which solves the problem of latency on the cloud. The Discovery team holds tremendous domain knowledge and has also excelled in the areas of supply chain and technology. Supported by a strong team, Discovery’s solution will soon disrupt the market as it is a one-stop solution to all the problems at affordable rates.",
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      "body": "![1 DecAZRJ0NPViKQqXcZE8pg.jpeg](https://cdn.steemitimages.com/DQmTzGfyZSchBkpwssE1DtDRp6hTpcGsrij2DpB7DdqQAkr/1%20DecAZRJ0NPViKQqXcZE8pg.jpeg)\n\nWith the world spending on IoT to reach an astounding $772.5 billion in 2018 as per IDC, IoT is set to become a game changer in technology space in the future. One of the major areas where IoT can make an impact is in supply chain and according to a report by Cisco it is estimated that IoT will generate a staggering $1.9 trillion market in supply chain alone. Hence, Discovery is tapping into this trillion dollar market with an innovative IoT solution setting itself apart with an assurance of success due to the following reasons:\n\n    Network Effect- Unlike the existing two-way business, whose value accrued from the product is proportional to the number of players in the market, we are aiming to have an ‘escape velocity’ which will hold a competitive edge and will make difficult for companies’ to replicate. We are making our network self-sustainable where the user community will directly contribute to the enterprise’s growth. The user community will lend cellular data to the enterprises aiding them to expand their company and drive revenue opportunities.\n    Affordability and Right Incentives- We ensure to benefit every player i.e the user community as well as the enterprises. The user community is the service providers of the cellular network who are rewarded higher than the amount charged by the telecommunications network which eventually motivates users to lend more of their network bandwidth to our Discovery community. Also, from the enterprises’ view, they are able to access the information related to stock and sales data which aids them in making real-time decisions at a highly affordable rate thus proving beneficial to both user community and enterprises.\n    Upgraded Technology- As the evolution of IoT continues, it is crucial to progress from the existing solutions and holds superior technology to solve all the issues in the current supply chain management process. The current SCM process is in need of innovative technological solutions like IoT and edge computing to improvise and solves the challenges being faced say, monitoring good in-transit, automatic manufacturing process etc. DiscoveryIoT solutions are 100x superior and advance when compared to existing solutions which will upgrade with respect to the dynamic environment and holds a higher chance of mass adoption.\n    Democratization- Due to high hardware and solution cost, IoT solutions was restricted in industries which hold upmarket goods. However, we are providing IoT solution at a highly affordable rate to make it democratize. Our self-charging printable tag, Cliot,coat as low as $0.10 by making it affordable for any industry to use and secure the supply chain. With industries, even the consumers can use to track and gain information by placing this tag on daily products.\n    Smarter AI- As AI will be given to store plenty of information, it will become smarter and further help the businesses by providing accurate information of stock, sales for the year, revenue generated etc. Also, it aids the clients in getting a clear vision of the company by gaining information like progress for a particular period of time and other relevant historical data.\n    Strong Team- Our team consists of experienced professionals, technical experts, and business development managers. The team has tremendous domain knowledge and excel in the areas of supply chain and technology. The Co-Founder & CEO, Selvam VMS is a veteran in the area of supply chain management with more than 10 years in the domain and is accompanied by Kumar T, Co-Founder & CTO, a techie with more than 15 years of knowledge and experience in the areas of IoT and AI. Also, they are supported by various high professionals, experts and senior advisors say, Aly Madhavji and Nandakumar Balanujan with 36+ years of experience in supply chain.\n\nWHY INVEST IN DISCOVERY?\n\nSupply chain management is an extremely relevant process in every industry. Order fulfillment can be delayed by a number of factors like traffic, stock out and also holds issues like temperature stability for perishable goods, inventory management etc. Discovery is building a solution that can make an impact in a trillion dollar supply chain market. Following are some of the reasons why investment in Discovery assures an excellent ROI:\n\n    Scalable solution– According to Gartner, there will be 20 billion connected devices in 2020, which eventually means that IoT networks must be scalable in order to accumulate these devices. In spite of residing on a crowded source, smartphones, our blockchain 4.0 technology can handle a large number of devices and also manage millions of transactions per second which will make our network massive and scalable. The DiscoveryIoT solution is truly disruptive in nature and there is no requirement of any infrastructure like towers, scanners or readers required for the solution to operate, it is easily scalable and expandable across geographies.\n    Real and existing problem- DiscoveryIoT solves the current problems of supply chain management like product obsolescence, stock-outs and lost of shelf space, suboptimal trade marketing spends etc. These problems are been identified in the market frequently and hence there was a need for a solution.\n    Existing business- This solution is built on top of an existing business. Working with some of India’s leading consumer brands the team already handles more than 150 million lbs of products through its supply chain. In other words, DiscoveryIoT is an existing solution which is being moved into the blockchain for transparency, scale and cost optimization.\n    Massive market- According to Statista, the supply chain market will increase from $3.4 billion in 2017 to $9.4 billion in 2023 stating much scope. This market also suffers from tracking problem which leads to huge loads of losses. It is estimated that industries waste more than $1 trillion due to stock obsolescence, stock-outs, and wasted marketing expenditure. Cliot tag helps in tracking products with smart AI to provide accurate information.",
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