Lumens Based Sensor Network

MVees

The LBSN Is a concept we have been operating on other platforms but we believe would be great to adopt to a fast low cost crypto like Stellar. The basis of the system is to monetize on sensor data be it temperature / Humidity/ UV / Velocity / location etc. Users can volunteer sensor data from IOT nodes , smartphones and other devices to a pool at a price. An Endnode can request the data by paying the fee to single or multiple nodes.

An example would be say a company wants to carry out a traffic analysis. Users passing through the area to be tested can submit travel data via their smartphones and the company can purchase multiple sets of data at different times. Nodes from which data is collected can be at random / price dependant or according to relevance.

Server handling the requests will keep a percentage commission of the fee and the rest is passed on to the sensor node. Each sensor node will have a lumens account where the fee is transferred before the node replies with the data requested as part of the payment transaction. Each Iot node / sensor can offer single or multiple parameters. We are currently transferring the concept to demo stellar based system and will upload the link very soon

Please let us have your feedback and thoughts!

Thanks

bnogal

That is not what IOTA aims for?
That could be a use case, with the low fees and performance of stellar i think it is possible.

As i published, Qt is targeting IOT protocols for next version (5.10), and i ported stellar horizon SDK to Qt, so it should help to integrate sensors, IOT protocols and stellar.

Nowdays google and apple has the monopoly of users data, i will not care about sharing these data if i am sure it is anonymous and people get rewarded.

MVees

Thanks for your feedback and sorry for the delayed response. Yes it does resemble the use case for Iota in ways however it brings a new dimension to stellar and as you said the low cost and the fast speeds definitely help in this scenario. I will post a link to the demo soon so that can try out some real life scenarios

LukeSkywalker

I dunno about that. Imagine if we monetized the internet and people would have to pay each time they requested a web page on the internet.

Also Big brother surely already has such capacity and infrastructure.

Google has a review system for when you go places and they can't even afford to pay the people making reviews. We get brownie points and achieve levels but that is it. Not even a free ice cream here and there at the local parlour.

CarbonMan

Sorry if this is a bit naive, but for a IoT device to send messages through the Stellar network wouldn't the device have to contain a wallet? If so that would pretty much rule out all the low cost Arduinos and Wemos devices? Also isn't there a rather small limit to the number of bytes in the message memo which would limit its ability to transmit data?