Yarden Avishai, Justin Heeren, Asaf Kanari, Melody Qiao Team 16

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Presentation transcript:

Yarden Avishai, Justin Heeren, Asaf Kanari, Melody Qiao Team 16 DigID Stay Connected Yarden Avishai, Justin Heeren, Asaf Kanari, Melody Qiao Team 16

Smart home devices face bottleneck Smart Digital identity High infrastructure and maintenance cost associated with the current centralized model There is no single platform that connects all devices Too many online accounts and passwords Our information online is not secured Proposed solution Smart Digital identity 1 Connection Operates as a main hub that connects all devices together Connection of any smart device to another Only one account (identity) that replace all online accounts Customized service based on the identity’s preferences and history Reduce the costs associated with installing and maintaining large centralized data centers 2 Efficiency 3 Communications between devices go first through the digital identity and are executed as Blockchain transactions The Blockchain technology creates ledgers that are tamper-proof and cannot be manipulated Security

Technology

Identity-as-a-Service (IDaaS) Business Model Identity-as-a-Service (IDaaS) Service Portfolio Target Market Account Management Risk Management Millennials Tech savvy Home owners Channel Pricing 24% of respondents cited security concerns as the reason why they have not yet purchased a smart home device. (BI report) Apple announced partnerships with three home builders, whereby Apple would equip the home builders' new homes with the infrastructure for HomeKit, Apple’s smart home platform. Direct sales White-label partnership Home builders, insurance companies Cable & Telecom providers Freemium Free up to 10 devices

Partnerships and Future Applications Developing Collaborations and Partnerships in a Complex Environment How can we get everyone to sign up when the business objectives of all parties of the business network are not completely aligned? Examples of Blockchain Internet of Things Use Cases: Smart Appliances Connected Vehicles Supply Chain Sensors