Connectify revolutionizes IoT with blockchain as adoption enabler

The Internet of Things (IoT) continues to grow at a breakneck pace. Last year, the market was estimated to be worth $660 billion, with growth forecasts suggesting a five-fold increase in value in the near future.

However, challenges remain in realizing this potential. Against this backdrop, IOTY protocol, developed by CONNECTIFY, is positioned as the missing piece for mass IoT adoption. By integrating blockchain technologies at the heart of this ecosystem, IOTY protocol promises to overcome current obstacles and pave the way for a new era in the Internet of Things.

Editor’s note: This article is in partnership with Connectify. This is not a financial advice (NFA), do your own research (DYOR).

IoT: a fast-growing market facing complex challenges

The IoT is undergoing unprecedented expansion, with a projected 75.44 billion connected objects by 2025. This proliferation generates a colossal volume of data, impacting many sectors of human activity, from industry and healthcare to smart cities and agriculture.

However, despite this impressive growth, the IoT ecosystem faces major challenges that are holding back its widespread adoption:

1. Management complexity due to the multiplicity of product identities and communication technologies dedicated to the IoT
2. Lack of interoperability and universal standards
3. Barriers to innovation due to high production and implementation costs
4. Integration difficulties for IoT systems
5. Data security and confidentiality issues.

Connectify use cases

Connectify can be adapted to a wide range of practical applications in several key sectors, such as :

– Supply Chain: Thanks to the precise identification of each device via Connectify, all data relating to a goods shipment or even a parcel can be tracked easily by the various logistics operators or the end customer. This guarantees total traceability and optimized management of goods flows, with visibility for the end customer.

– Med Tech: Imagine that someone close to you falls and can’t get up. His or her connected watch can automatically send this information and alert the emergency services without human intervention.
This type of solution can be applied to many other areas of healthcare (for example, monitoring sugar levels for diabetics) without private data being shared.

– Smart City: Every year, nearly a billion m³ of drinking water are wasted, representing 20% of annual production. Thanks to the IoT, every citizen and every infrastructure can relay information crucial to solving a problem, such as targeting areas where water is being lost.

IOTY protocol: the blockchain solution to simplify IoT

Faced with these challenges, CONNECTIFY an innovative startup, offers a revolutionary solution: the IOTY protocol, designed to revolutionize the IoT ecosystem and drastically simplify IoT infrastructure, while reducing integration and operating costs by up to 90%.

IOTY protocol creates a lightweight infrastructure layer that :

• Identifies connected objects
• Manages data routing
• Stores and makes data available
• Reduces industrial and operational costs
• Optimizes the efficiency of IoT devices

By leveraging blockchain technology, IOTY protocol ensures secure, immutable storage of device identities and data, fostering innovation and democratizing access to IoT technologies.

The CONNECTIFY platform: the heart of the IOTY protocol ecosystem

The platform CONNECTIFY is designed to support designers, manufacturers and users in the design, industrialization, ease-of-marketing and use of connected objects, while efficiently managing the lifecycle of IoT devices. Among other things, it offers a comprehensive dashboard and services tailored to each phase of industrialization, enabling optimal management of serialization and production batches.

Its flexible architecture enables the integration of multiple technologies, such as Sigfox, Kineis, LoRa, LTE and many other technologies, offering remarkable versatility. And more, CONNECTIFY provides a knowledge base and SDKs to facilitate and accelerate the development of applications and smart objects, facilitating innovation in the IoT ecosystem.

Key components of the CONNECTIFY ecosystem

The CONNECTIFY ecosystem is based on four fundamental pillars, each playing an important role in creating a robust, secure and scalable IoT infrastructure. These components interact synergistically to offer a complete solution for the Internet of Things.

1. The IOTY network :
   A decentralized network built by contributors using their smartphones and gateways, enabling seamless connectivity and communication of IoT devices.
2. The CONNECTIFY platform :
   A complete platform for device serialization, network ID management and data routing.
3. Blockchain integration :
   Using blockchain to store device identifiers and messages, guaranteeing data integrity, security and interoperability.
4. SDK and services :
   Provision of SDKs for embedded firmware and web and mobile applications, enabling direct integration with the blockchain to manage operating models or connectivity subscriptions.

How the IOTY protocol works

The IOTY protocol operates according to a sophisticated five-step process designed to ensure efficient, secure and transparent management of IoT devices and their data:

1. Device serialization :
   Each device receives a unique digital identity, including its serial number and the identifiers needed for its secure use on various IoT networks.
2. Standardized message structure :
   The IOTY protocol uses a standard message structure, facilitating data processing and routing.
3. Storage on the blockchain :
   Device identifiers and critical data are stored securely and immutably on the blockchain.
4. Intelligent data routing :
   The CONNECTIFY platform routes messages from various networks and technologies to the blockchain.
5. Advanced user services :
   Services for proving ownership of a device, accessing and interpreting associated data.

A team of visionaries at the head of the project

The IOTY project is led by an experienced team, headed by Pierre Fourmestraux (co-founder) and Rejeb Zorgani (CTO and co-founder). They are supported by experts in Web3, design and product management.

The project also benefits from the support of renowned advisors, including Christophe Fourtet, inventor of Sigfox, and LoRa ecosystem expert Pierre Gelpi.

An ambitious roadmap to transform IoT

CONNECTIFY has drawn up a clear roadmap for the deployment of IOTY:

1. Launch of decentralized IOTY (BLE) network as proof of concept
2. Multi-network integration on the CONNECTIFY platform
3. Development of an IoT SDK to facilitate blockchain adoption

This phased approach aims to conquer the market, starting with early adopter technology and industry partners, before expanding to major accounts and government projects.

Tokenomics and ICO

The Connectify project is based on a carefully designed tokenomics structure, centered around the $IOTY token. With an ambitious total capitalization of 3 billion tokens, the distribution of $IOTY has been designed to ensure a balance between the various stakeholders in the ecosystem.

The breakdown is as follows:

• Founders: 7%
• Early sales: 1%
• Strategic sales: 7%
• Private sales: 12%
• General public: 10%
• Advisors: 3%
• Treasury: 10%
• Liquidity: 10%
• Community: 10%
• Staking : 30%

To realize this vision, CONNECTIFY is planning an IDO for the first quarter of 2025, with public sales to raise funds to develop the project.

IOTY’s business model

IOTY’s business model is based on three main sources of revenue:

1. Annual subscriptions from manufacturers
2. Fees for device identity creation and message routing
3. IOTY services, including the decentralized BLE and LoRa networks

Financial projections are encouraging, with break-even expected in 2027 and revenues estimated at $3.658 million.

As you can see, IOTY is positioned as the long-awaited solution for overcoming the challenges of the IoT ecosystem. By integrating blockchain technology, CONNECTIFY promises to drastically simplify infrastructures, reduce operational costs and foster innovation in the IoT industry.