The latest product from IoTeX, a privacy-focused IoT platform, is said to bring the concept of a secure smartphone operating environment with real-time data into the cryptographic space.
IoTeX business development manager Larry Bang told Cointelegraph that the company’s Pebble Tracker, a device that can record and encrypt data from the physical world, provides a new way to give users ownership of the data. The Pebble Tracker is said to be able to collect data, including location, temperature, air quality, movement, and even light levels, and securely record it for a variety of blockchain-related applications.
The technology aims to allow device owners as well as third parties to validate data. This will reportedly allow for use cases, including by healthcare professionals checking the temperature of COVID-19 vaccines as they go from manufacturer to injection, but it will also provide a new way to incorporate real data into non-innate codes or NFTs.
Comparing IoTeX’s Pebble Go project to the popular smartphone game Pokémon Go, Pang said the technology is designed so that users cannot easily fake locations – as many have done to capture rare Pokemon in the game – but instead “used verifiable GPS” . … invests data for NFTs that prove that you were in a specific place at a specific time. ”
“This technology can be used to fully verify evidence of a person’s presence,” Pang said.
“NFT is mainly used for influence -” I own it, and I own it “- although you can see this JPG file online […] The next step for NFT is not to prove that you have a reputation in transition from someone else, but if it is You have a reputation for saying, “I have a bunch of NFTs that were just coin scales under testable conditions.”
While this approach does not necessarily apply to some popular NFTs, such as Jack Dorsey’s tweet, it can easily be applied to the sports digital collectibles released in the games, with emphasis and inscription on the venue’s location. As the space is experiencing an upsurge in the quantity and cost of NFTs, the demand for quality in terms of verification and additional data may increase.
“If we didn’t have such a model, then a group of auditors would have to be present at each checkpoint to validate the data,” Pang said. “This is the level of verification that really connects the physical and digital worlds in new ways.”