TL;DR: IoT Environment Data > Kenshi > Valuable > Business Incentive > Moral Incentive.
While day dreaming in the office today instead of doing the work I’m supposed to be doing, I thought about projects with real-world use cases that could be built on Kenshi and be 1) Profitable and 2) Provide real-world value. This is what I have come up with so far:
The KNS Environmental Monitoring System
Imagine a National network of IoT sensors capturing useful environmental data like CO2 emissions (And other emissions), air quality, water quality, soil quality, temperature, etc.
Why is this useful?
Data is useful. And this sort of data would be extremely valuable to a lot of industries, as well as to government. For businesses that want to improve their branding or reputation as environmentally conscious and proactive, participating in such a network in a meaningful way - Having their environmental impact data collected and collated in a valuable and tamper-proof way would be the ultimate commitment to saying “Yes, we want to improve on this and do our bit”. Data is useful because you can learn from it. Identify inefficiencies and inconsistencies, analyse and learn from them. And then implement improvements to increase your efficiency rating.
Initially, the incentive for business’ to participate in such a program would be low. “The general public will see just how high our CO2 emissions are”, “Our competition might be able to utilize this data in order to gain insight into our business resource usage…” And probably a lot more reasons I can’t think of right now.
But, the incentive would still be there. Environmental Organizations could start the trend, eventually it would be a domino effect. You’re either participating in the network, or you’re the company or industry to get scrutinized under the microscope because you clearly feel the need to hide the data that shows how toxic you are to the environment.
Government regulation is also moving towards making access to such data mandatory. This sort of data would be worth billions of dollars per year. And Kenshi’s Indexing, Oracle, and IoT capabilities are practically a match made in heaven for such a system.
Additionally, such a system could only be reputable if it was built on a platform like Kenshi. Why? Because the alternative is IoT devices reporting to a closed and inscrutable system of private servers and databases, that could easily be tampered with, making the data unreliable - and therefore practically worthless.
Whereas an Environmental Monitoring System built on Kenshi would have the confidence that comes from the backing and verification provided by a decentralized blockchain.
The beauty of it is, users around the globe would be incentivized to participate and contribute to the building up of the infrastructure to parse all this data with the incentive of being rewarded in KNS tokens - Not to mention the potential for this data to provide enormous value to the KNS token as a result of being incredibly valuable, oracle verified data.
Anyway, that’s a fun hypothetical I came up with. Who wants to help me build this? Who wants to chime in with additional ideas? Criticism? Concerns? Questions?
I (think I) have some idea of where to begin, and that’s by getting a few sensors talking to Kenshi and being validated on-chain. I guess figuring out the Oracle part and the IoT SDK will be important early first steps too.