Buy Skey Network (SKEY)
What is Skey Network?
Skey Network is a blockchain platform that combines decentralized finance (DeFi) with the Internet of Things (IoT), forming what is known as the 'Blockchain of Things' (BoT). It is designed to tokenise real-world assets on the blockchain, enabling each object to possess a unique NFT token. This innovation transforms ownership and asset management in the digital realm, providing a robust infrastructure for smart cities and IoT applications.
How does Skey Network work?
Skey Network operates on the Ethereum blockchain, leveraging its scalability and security. It integrates BIoT (Blockchain Internet of Things) technology, which links physical devices to the blockchain, permitting real-time data collection and verification through oracle systems. Smart contracts within Skey Network generate access tokens based on the data from IoT devices and oracles, facilitating secure and automated peer-to-peer transactions.
What are the potential use cases for Skey Network?
Skey Network enables numerous use cases, such as:
- Access Control Systems: Managing secure access to IoT devices, useful in properties and vehicle access.
- Smart Cities: Optimising urban infrastructure and traffic systems using blockchain.
- DeFi Applications: Including agricultural lending and logistics, where real-time data helps in risk assessment and tracking.
- Sharing Economy: Platforms like car-sharing use Skey Network for secure transfer of access keys.
What is the history of Skey Network?
Skey Network was founded by Herman Sadik, Radosław Krzycki, and Szymon Fiedorowicz with the goal of creating a scalable blockchain alternative by combining IoT devices and blockchain technologies. Since its inception on December 15, 2020, it has achieved several milestones, including integration with brands and a broadening of its product offerings. As a utility token, SKEY fuels the network, facilitating peer-to-peer transactions and forming the backbone for various sharing economy platforms.
