IoT Will Be Huge; Hawk And Travel Companies Build A Smart Travel Network

Kryptarion · October 16, 2019

The market for Internet of Things (IoT) is growing at a rapid pace.

The internet has caused great economic growth across the world. The technology has eased the provision of information and communication of a mass scale and the benefits of this are obvious in the digital era that we live in today. However, as technology has advanced, so has the notion of the internet.

The web is no longer just a weave connecting only people; we are now witnessing the evolution of a parallel web for devices (things). The internet of things (IoT) integrates smart devices and connects them to a network, which makes it possible for theses devices to leverage the same information and communication provisions that people have received from the internet. We’re entering an era where the internet is about to be a resource that is equally valuable for both things and people.

We are also entering an era where the internet for people is evolving due to the introduction of blockchain technology. The blockchain makes it possible to easily connect web interactions with a value — this feature will be equally important for the devices connected over the IoT. Hence, many blockchain projects have focused on blockchain development for people, others have opted for blockchain developments that target the Internet of Things (IoT). However, there is an important plateau in all these developments.

Major enterprises remain the primary players in the IoT market because they have the resources to round up all the qualified developers. This puts start-ups and new entrepreneurs at a stark disadvantage.

It is clear that both blockchain and IoT technologies require adoption into a valid and progressive use cases. Use cases that genuinely solve both economic and social problems of the Society. Travelling is a social activity that is done by different means. Although more of these movements are done within the cities — from homes to offices, café shops, grocery stores, a friends place or even movie theaters. Most of these movements are done using shared transport such as taxis, bicycle ls or scooters. Shared travel industry is another market where blockchain and IoT technologies can be integrated.

Leveling the Playing Field: Hawk Network to break into Shared travel market.

One of the major goals of the blockchain revolution is to provide opportunities on a wide scale — the Power of decentralisation. A new blockchain project aims to extend this vision towards the IoT sector.

The market indices shows that shared travel is a massive market where centralised companies such as Uber, Lyft, Didi, Grab and Go-jek has racked home close to $130 billion.

Hawk Network is developing a new blockchain project that is cored on development of distributed intelligent internet if things. The network aims to integrate shared travel, IoT and blockchain technologies together. Hawk Network will apply cutting-edge protocols such as edge computing, user digital identity (UID) and multiple encryption technology to make devices, users and enterprises unimpeded in Hawk Network, thus ensuring the security of assets and data. While the blockchain sustains all the value transfer, security, and decentralization aspects that the technology touts, it makes an important effort to not sacrifice ease of adoption.

Hawk Network Approach And BHK Electronic Scooters

The company has indicated it focus and dedication to deliver by developing an application that power electric scooters to the masses — Hawk network developed black Hawk knight which is the first application on Hawk network. BHK will provide users with decentralized electric scooters which can be used to intelligently travel short distances within the city. The scooters are designed to be very efficient with a ratiobof 60% higher than regular scooters— the hardware performance is superior to similar products.

The team has planned to distribute the BHK electric scooters across over 50 countries while utilizing the decentralised features of blockchain technology as the basis of the strategy behind the distribution. The dividend from the BHK franchise will be fairly shared among the BHK investors around the world thanks to the distributed ledger technology of blockchain.

Market Strategy And Deployment

Instead of shooting a sketchy and undefined plans as in the case of vast majority of projects that aims to develop a product for the internet of things Hawk network is making an enterprise solution that is focused on enhancing how people commute within the cities using very safe and cheap solution for both the people and the environment.

Enterprises can certainly use Hawk network to develop IoT solutions that allow them to advance their own value offerings.

However, the standout aspect is that Hawk Network levels the playing field and ensure there’s an even opportunity for the masses. Every individual can easily afford and utilise the BHK scooters by Hawk network.

Wrap Up

The future of integrated IoT and blockchain developments is ripe and the market is still in a nascent stage. Hawk network can play a very crucial role in carving out the future of IoT with a positive mark — ensuring that opportunities are accessible. The company is making sure that every bit of innovation can be captured. The attempt into shared travel market is a strategy of the future that will only bring growth both financially and technologically.