Augmate allows enterprise corporations to manage all of their company’s IOT devices, including glasses and other wearables, from a single blockchain-based platform. Blockchain and distributed ledger technology allow IOT devices to not only be secured with the latest protections, but also allow devices to work with each other, and to create standards for interoperability.
In order to accurately be able to charge their consumers, Augmate functions on a fractional license access token called MATE, which has cryptographic coupon attributes. This means that the token is able to be used internally as part of their point system for charging companies for the use of the devices, but also functions as a utility token to give individual users access to the platform.
Augmate hopes to be able to expand to the consumer marketplace shortly, as it is estimated that the 4th Industrial Revolution will create 50 billion IOT devices by 2020.
For more information, visit www.augmate.io.