SmartKey (SKEY) Coin Review : It Is Good Or Bad Review

About SmartKey (SKEY)

SmartKey (SKEY) will be the connective tissue for the smart cities of the future. We’re the world’s first platform to successfully bridge DeFi and the Internet of Things, which will allow SmartKey to become the platform for a new economy of physical assets know as the “Blockchain of Things” (BoT). They are developing a range of products, partnerships, and technical solutions. These products use the SmartKey platform to connect IoT devices, technologies, systems, and clouds to blockchain platforms such as Ethereum and Waves. SmartKey was created to maximize the opportunities offered by decentralized finance. The network will allow users to create new business models around traditional services such as carsharing, car rental, or home rental. A simple web page is enough to connect your business to the SmartKey platform.

SmartKey (SKEY) platform combines Oracle II generation technology with BoT technology, This creates a unique smart contract in the form of a NFT token called SmartKey which defines the rules of access via an IoT device. The NFT-SmartKey contract is an IT record and manages activity. Passive digital value. Tokens become traded on exchanges and can be used for digital payments. Working smart contracts are used on the Ethereum network. Decentralized economy (DeFi) projects that can use more advanced systems.

SmartKey (SKEY) Integrating digital assets ​to the physical world through the process of automatic access and management of these values. Ability to process digital payments without intermediaries and for the BoT (Blockchain of Things) to be a bridge to physical values. The use of DeFi projects in the physical world managed by digital technology, electronic data, information from sensors, and automated access.

SmartKey (SKEY) Storage Key Points

An NFT Access token is a Combination of three Different Technologies

The first technology is BoT (Blockchain of Things). BoT is used to connect an IoT device’s unique IT record to the Blockchain. IoT devices can be installed in cars, gates, homes, parking lots, offices, parcel locker systems, and so on. The second technology used to make the unique NFT token is the Oracle system. SmartKey uses a second generation Oracle system. It can be used to verify elements that will affect the value, such as weather conditions or seasonality. It may be also used to verify information about the user such as his credit record. This is especially important when creating smart contracts in order to rent an apartment or a car. Verifying the user and his ability to pay for possible damages to the asset may be crucial in those cases.

NFT Access Token

The third technology that is used to create the access token are the Smart Contract conditions. Those conditions can be decided by the person issuing the contract with various levels of customization. These conditions include (but are not limited to): contract expiration time, time of access, price, rules of user verification, deposit amount, and others. Combining those three technologies creates a unique smart contract in the form of a NFT token called SmartKey. The token defines the rules of access to a given physical value managed by an IoT sensor. This value can then be sold using a simple website or application, traded on exchanges, or used to build new business models. This creates a solution that will become critical to the sharing economy of the 21st century. What is more it will bring NFT tokens to a whole new level where they will be used for more than speculation. SmartKey technology will bring NFT tokens real physical value and utility to the world.

Solutions

SmartKey BoT connector is a platform already operating on the market and used by a number of international companies including Kia, Wekta, and Ferguson. It allows you to safely connect the digital and physical worlds using the BoT “Blockchain of Things” technology. We connect Blockchain Ethereum ecosystem (Waves) with digital devices and software through the SM_BoT gateway The SmartKey BoT connector supports two blockchain ecosystems: Ethereum and Waves. The choice of the gate, i.e. the ETH vs Waves smart contract, is made by the customer of the technology connector. They partner with Chainlink as our oracle of choice, You can learn more about blockchain oracles and the SmartKey network on our Medium.

Smartkey a universal, Standardised communication System

On the one hand it solves the limitations faced by the IoT, and on the other hand, it provides the potential for mass adoption for the crypto asset space. If you want to know how SmartKey technology improves on and brings the age of the Internet of Things closer, you have to watch it!

How Ethereum Blockchain helps to save lives

In a global first the government authorities of Warmian Masurian Voivodeship in Poland adopted SmartKey blockchain technology for their emergency services allowing them to serve their 1 500 000 inhabitants, and more importantly those in need, quicker and more effectively. potentially saving lives! Watch the video to see how smartkey enables the Ethereum blockchain to be used in the real world.

How Does it work?

It’s simple! They have created a connector that allows DeFi projects to expand and enables the smart cities of the future. You can connect Smart Contracts with physical assets and values such as cars and car-sharing fleets, AirBnB and accommodation platforms or rentable office space.

DeFi

Currently 99.99% of all services in the world are paid in FIAT currencies. Millions of companies developing their mobile applications, websites, and so on will be able to use DiFi for payments.

Physical

Decentralized economy services in the form of advanced DeFi Smart Contracts are going to set a new trend in business models and processes between worlds, which is a trend in the development of sharing economy of the future.

Chainlink

Our cooperation with is a combination of technologies: Oracles and BoT second generation (blockchain Of Things), which is the active management of sensors through relational SmartKey connectors. The ecosystem and dozens of companies using the Chainlink solution will receive access to BoT technology that allows for the management of physical values (physical active devices and sensors) thanks to a connector, i.e. a structure that not only collects data, but also manages it, which SmartKey specializes in. is the most widely used and safe way to power universal smart contracts. With , developers can connect any blockchain to high-quality data sources from other blockchains as well as real world data.