Sustainability requires modernization and the implementation of innovations into production based on the circular economy, a long life cycle of goods and raw materials, restoration, reconstruction, the possibility of joint consumption, waste management, and traceability.
Never before have there been technologies that can change many sectors of the economy so much. Now, due to the integrated application of artificial intelligence technologies, the Internet of Things, and blockchain, public and private organizations can solve the full range of current complex problems with dynamically changing conditions. The challenges for business today are sustainable development in times of crisis, traceability, careful management, building a circular economy, and secure information space. The FCE Platform is an advanced and flexible tool for these challenges.
The appearance of the Internet of Things and its combinations with blockchain and AI reveals breakthroughs, unprecedented social benefits, and massive productivity growth. It will take several years to realize the real pace and scale of the consequences of the transformation that has begun now. Open innovation, sustainable development, blurring the boundaries between industries and the Internet of Things work together, strengthen each other, defining the process of change in business ecosystems.
By linking trillions of smart objects, from implants to industrial equipment, the Internet of Things connects the physical and virtual worlds. Companies, authorities, and consumers face unlimited new opportunities and challenges. The data provided by IoT enables businesses to develop new offerings for consumers, improve efficiency and gain unique insights on how to create value for customers and grow sustainably.
IoT has a huge positive impact on the environment, and over time it will only increase. The advent of smart manufacturing and transport systems promises to significantly reduce inefficient consumption of fuel, water, and electricity.
Smart sensors are the key to monitoring and improving agricultural processes
based on weather, humidity, sunlight, and other factors. For example, farmers can reduce the amount of water used to hydrate growing crops, as sensors detect when moisture levels in the soil are ideal, thereby increasing efficiency and reducing environmental costs for food production. Sensors from each site send information to the cloud server, where the data comes to the operator, displaying the state of the seedling and recommendations to improve its fertile properties.
Sensors can also control agricultural equipment, automatic watering, sprays, and storage facilities. The best time to process, plant, water, harvest, and ideal storage conditions means the perfect product. Smart farm, controlled from a smartphone screen, accurately calculates, and saves resources.
Sustainable development is now the main challenge
IoT and DLT create space for sustainability
FCE Platform empowers companies and communities
The same applies to livestock farms, food production, and many other vital industries. Proper allocation of resources is to get rid of overproduction and prevent environmental catastrophe. With IoT, smart networks in the energy sector can reduce CO2 footprint by introducing smart meters and demand response systems. Smart waste management and recycling systems will turn production into cyclical. AI processes information about each point in the enterprise and optimizes solutions in real-time.
Using collected data, AI offers
optimal delivery times and routes, storage conditions and time, provides reports and forecasts the workload to allocate resources to where they need in time. Sustainable development today cannot do without waste management. Whether it is a small farm or a large enterprise. Improper waste management can lead to environmental pollution, and the right approach can lead to the development of a circular economy and the correct allocation of resources. IoT waste management smart equipment accumulates statistics on waste collection and processing, and regular measurements of the container filling level allow coordinating the route of garbage trucks and, accordingly, saving on fuel and operating time.
Blockchain increases the confidence of participants in IoT-based applications. For example, supply chain participants - manufacturers, transport companies, and retailers - need reliable data on the location and state of goods. The distributed ledger can give them access to a single source of reliable information. The specifics of blockchain make global supply chains more environmentally friendly and can prevent illegal activities. For instance, DLT enhances tracking the delivery of fish from fishing to a plate, or the origin of products such as palm oil, beef, and soybeans, to ensure that these products are produced without harming the environment and using slave labor.
Transparency is critical
to influencing consumer decisions, increasing accountability at all levels of the supply chain. Combining blockchain with the Internet of Things improves monitoring and storage of data on temperature changes, air pollution, water, and land use. DLT provides a trusted framework for registering rights to the use of resources for local communities.
FCE Platform unlocks the significant potential
of IoT and blockchain for sustainable and resource-saving solutions and empowers companies and local communities.
MediaArticlesFCE Platform: Sustainability, Internet of Things, and DLT