Cliot: Cliot is a low cost IoT tag, which works on the principle of backscatter technology. This tag does not require any power and self-charges itself. This is being developed at a cost of US$0.10 which makes it highly affordable to even daily use products like shampoo bottles or cereal boxes. Brands would be required to affix a cliot on every product that they wish to track. The base Cliot is a passive device, but any sensors (like temperature sensors, pressure sensors etc.) can be built on top of the Cliot infrastructure to record relevant information.
User Community: We are building a community of public users, who would have our mobile application installed on their smartphones. These community members act as the data collection nodes and DiscoveryIoT works on the principle of distributed data harvesting. In other words, it uses the cellular data network of the user community is used to power the data transfer from the Cliot to the central servers. When a community member reaches within the proximity of the Cliot (within 30 metres), the Cliot and the smartphone automatically enter into a smart contract and the presence of the Cliot is recorded on the blockchain.
Data Analytics and Artificial Intelligence Layer: The third layer to the DiscoveryIoT solution is the data analytics and AI layer, which converts all the data collected, into meaningful and actionable information for brands. This could include insights like “Store X will probably run out of stock of Item A tomorrow – plan to replenish stocks to prevent sale loss” OR “Store Y has too much stock of Item B – some of the stock expires in a week. Plan some marketing activity there”