NFT tokens are taking the investment scene by storm these days, with incredible valuations and all sorts of brands and major artists jumping on board. The SmartKey side of the technology demonstrates that NFT tokens can be used for more than speculation and provide real value and benefits to the world. The project is now listed on KuCoin and SKEY trading support will begin on the 19th. March 2021.
The smart key to blockchain in real life
SmartKey is a platform that connects theFi revolution to objects in the real world. Unlike many projects in this field that promise a lot but have nothing concrete to show for it, SmartKey has a working blockchain technology that is already being used, not only by businesses but also by government emergency services to save lives. It gained global attention last year when the city of Olsztyn, Poland, used blockchain technology to streamline the work of its fire, ambulance and police crews and reduce response times in critical situations – with SmartKey.
The advanced technology behind SmartKey is essential to the 21st century sharing economy. The platform combines Oracle’s second-generation technology with blockchain of things (BoT) technology – creating digital contracts that provide access to specific assets, such as office and residential rentals, parking spaces and ride-sharing programs. The combination of these 3 technologies creates a single smart contract in the form of an NFT token called SmartKey, which defines the rules for accessing a specific value controlled by the accessing IoT sensor. The NFT – SmartKey contract is the computer record of the device and manages locks, sensors, user authentication, pricing, time and more.
Simple practical examples: Think of a car that only unlocks with a specific NTF token, or a hotel where visitors can unlock the doors with a SmartKey device, so IoT sensors record how long they’ve been in the room and automatically charge them. The system is so sophisticated that it can add value to a contract by setting access times and prices for rooms, defining user verification rules, adding a security deposit, or selecting other elements that affect the value, such as B. The weather, seasons, which come from Oracle.
Why Invest in SmartKey?
SmartKey technology will create hundreds of new business models that were previously unthinkable. But you don’t have to start a smart city project yourself or anything to benefit from it – you can be part of the success today. The SmartKey (SKEY) token is now available on the KuCoin crypto-currency exchange, with support for the SKEY/USDT trading pair starting on the 19th. March 2021.
This technology is trusted by such impressive partners as… Teltonica, Ferguson, Chainlink, Geodb and Ferrum. Teltonika is a company that has sold over 10 million IoT devices and is an active supporter of the project, with over 1,000 companies around the world using its devices. Ferguson is a leader in smart home solutions in Europe. The other projects provide support for blockchain processes, for example. B. active repositories or the ability to geographically locate blockchain records.
Many proponents of SmartKey believe that it has what it takes to get into the top 10 crypto assets in terms of market valuation because it has a lot to offer. The project has been operational since 2018 and was started by an experienced team of IoT and blockchain entrepreneurs. This technology is actually usable in the real world today, and the number of potential adaptations planned for IoT devices runs into the tens of millions.
There is also little competition in this area, only 4 of the 4,000 projects listed on CMC or Coingecko are working on a similar technology. It has a wide range of products (cloud, enterprise and rental applications, rescue solution, wallet and key manager), a growing community of more than 50,000 users and has grown steadily since it became active on DEX. The leading project in this segment, Chainlink, currently has a market capitalization of over $12 billion. So there is plenty of room for SmartKey investors to expand on a similar scale and beyond.
To learn more about SmartKey, visit the project website and follow the latest developments on Twitter and Telegram.
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