P2P IoT Marketplace - dApps & Integrations

A proposal to utilize Heidrun and Plutus smart contracts to scale out and build up the Adosia IoT profile market. The next frontier of IoT devices is blockchain integration and Cardano is the pioneer.

Adosia enables users to create, define and deploy custom WiFi control systems. As of right now, users will need to create their own IoT profiles for these systems. There does not exist a decentralized means to distribute these customized IoT profiles to the masses. If there existed a peer-to-peer IoT profile marketplace then it would help accelerate the proliferation of customized IoT deployments around the world by allowing new IoT user to quickly set up their IoT devices with expert grade configurations. The goal of this proposal is to design the smart contracts required for the marketplace, build IoT smart contract integration, and provide the ability for users to monetize their IoT creations on a decentralized blockchain.

How does a P2P IoT marketplace integrate with Cardano?

Every IoT device has nearly endless configurations appliable across a broad range of industries. Each one of these configurations is a customized user-created IoT profile, limited only by the user's imagination.

What we seek to do is to create a monetary marketplace such that these custom configurations could be sold and exchanged on Cardano. Each IoT Profile is textual information which means each configuration can be stored on the blockchain. If the information can be stored on the blockchain in an exchangeable way then it can be traded and sold between users on the chain. It will enable a global economic ecosystem around the world providing users with premade IoT configurations for many different applications.

How do IoT devices and Cardano provide value for end-users?

IoT and blockchain are the future and will be used in many different industries around the world. The ability to securely and safely integrate these technologies will be an accelerant for the rapid deployment of IoT devices and Cardano adoption around the world. Micro industries of profile creation, data aggregation, and data submission will form allowing end-users to benefit by having experts build amazing IoT profiles to satisfy any application and requirement.

Budget Requirements

The budget will be split between hiring and building the infrastructure for this idea to work.

  • We will need to hire frontend and backend developers to help build out the marketplace GUI and RESTful API for smart contract integration.

  • We will need a Haskell developer to build and create the smart contracts in Plutus required for the marketplace and IoT device integration.

  • We will need to hire an IoT device builder to expand the current Adosia board selection and thus expand the IoT profiles that can be used on the platform.

The goal is to build the P2P marketplace by the end of 2021 and a fully-fledged working product going into the new year.

Deliverables

  • Decentralized peer-to-peer IoT profile marketplace

  • IoT smart contract integration

  • Expansion of Adosia IoT available boards

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