The integration of the Internet of Things into new products has been the marker for an industry elevation. With the advent of cryptocurrency markets, it was easier for new-age inventions to leap forward in updates.
IOTA, the cryptocurrency based on the Internet of Things had a decent 2019 with the development team citing new features in the pipeline. One of the first releases in that roster was the partnership with Lidbot, a sensor that uses IOTA-Tangle for intelligent waste management.
The company claimed that the Lidbot sensor was one of the most intelligent sensors in the market for both solids and liquids. According to sources, the system will be based on IOTA-Tangle and was sold out in four days. IOTA’s latest technology was a way to improve waste collection systems in urban areas.
IOTA stated that the sensor will combine with the hardware to measure the level of waste bins in real-time and send the data to its Tangle system. The decentralized waste management system receives the information and then empties the trash according to commands.
Lidbot’s features can command the entire waste management system to create time slots for taking the trash out. The Crunchbase listing for Lidbot said:
” Lidbot is an IOT sensor that sticks to any waste/recycling bin and turns it into a smart one. In the background, these sensors also create a digital twin. The twin consists of location, fill-level, type of waste and owner. We believe this is the first step towards an accountable and transparent waste future.”
People close to the project have realized that the product will have a lot of use cases. With the Lidbot sensor, truck drivers will be able to save hours of their time not driving to unfilled trash cans.
This process also brings down the costs for both personnel and vehicle fleets. The Lidbot sensor is expected to become a more popular choice for integration because of its facilities.
IOTA-Tangle utilizes the Distributed Ledger Technology which maintains high scalability and opens the market to better economic aspects. The Lidbot sensor was developed in such a way that it will use MIOTA to communicate with the Internet of Things.
Each waste item is given a unique identity that will be managed by the TangleID app. Tangle ID will function as a platform for the drivers to know the pickup points, waste quantities, and disposal stations.
Each Lidbot sensor is equipped with a global SIM card to piggyback on the roaming technology of Japanese firm Soracom. IOTA claimed that the Soracom’s low-cost roaming technology enables Lidbot sensors to work seamlessly across industries. All the smart contracts that run on the decentralized ledger will make use of dedicated energy meters that communicate with one another. \
Cryptocurrency proponents were excited to see this integration as it opened up real-world use cases for cryptocurrencies. Waste management in developing countries has always been a tricky operation and Lidbot may be the answer to solve their problems.