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Rekord IoT by Rekord AG

PROJECT OVERVIEW

  • Product: Rekord IoT, a hardware monitoring and analytics solution for IoT infrastructure

  • Company Name: Rekord AG

  • Industry: Internet of Things (IoT)

  • Project or app URL: https://www.rekord.io/

  • Geographic Reach: Global

  • BSV Integration Start Date: Early 2023

BUSINESS CHALLENGES

Inefficiencies or Risks in the Supply Chain:

  • Lack of trustworthy, tamper-proof data across devices

  • Data fragmentation and silos

  • Burdensome, manual compliance and audit processes

Why Traditional Systems Were Insufficient:

  • Centralized systems could not guarantee data integrity

  • High integration costs and interoperability challenges with IoT ecosystems

  • Inability to scale for real-time, high-volume data from smart devices

WHY BSV

BSV as the Ideal Solution:

  • High throughput: Proven capacity of 10M+ transactions/day

  • Predictable, ultra-low fees (fractions of a cent)

  • Immutable ledger perfect for compliance and auditing

  • Scalable data infrastructure for IoT's machine-to-machine demands

Comparison to Other Blockchains:

  • Ethereum and similar platforms were ruled out due to scalability limits and prohibitive gas fees

  • BSV’s unchanging protocol and microtransaction capabilities made it a standout

SOLUTION ARCHITECTURE

  • Rekord developed a full-stack solution combining hardware (VortexSV IoT gateway) and software (RIOT protocol) to write machine data directly to BSV’s public blockchain.

Key Components:

  • Data Logging: Real-time IoT data capture and on-chain recording

  • Tokenization: Not in current scope, though potential exists for future digital twin implementations

Partners/Vendors:

  • Collaborations with hardware manufacturers for gateway development

  • Strategic integration via Rekord's open APIs

IMPLEMENTATION PROCESS

Rollout Phases:

  • Prototyping and internal validation

  • Field deployment with early adopter partners

  • Live transaction scaling and ecosystem onboarding

ERP/SCM Integration:

  • Rekord APIs were designed to plug into enterprise systems without replacing them

  • Flexible architecture allows integration into existing compliance and logistics stacks

Stakeholder Onboarding:

  • Educational resources and developer toolkits via the Rekord Medium blog

  • Emphasis on enabling ecosystem developers to build atop Rekord’s infrastructure

OUTCOMES & BUSINESS IMPACTS

Quantifiable Improvements:

  • Blockchain transaction record shattered: 10M+ daily transactions

  • Operational cost savings due to negligible transaction fees

  • Real-time visibility improved auditability and data trust across the supply chain

Before vs After:

  • From centralized, siloed logs to immutable, verifiable records

  • From complex auditing to seamless on-chain traceability

Stakeholder Feedback:

  • Clients are impressed by audit simplification and tamper-proof logging

  • Increased confidence in data used for reporting, certification, and analytics

CHALLENGES & MITIGATIONS

Technical Hurdles:

  • Managing vast data throughput from IoT endpoints

  • Ensuring scalability without compromising speed

Mitigation via BSV:

  • Leveraged BSV’s stable, high-capacity blockchain for continuous uptime and scale

  • Offloaded data validation and persistence to the blockchain layer, simplifying backend requirements

FUTURE VISION

Expansion Plans:

  • Onboarding global OEMs, integrators, and logistics providers

  • Positioning Rekord as the standard for IoT x Blockchain integration

Planned BSV Enhancements:

  • Exploring NFT-based device identities

  • Enabling micropayments for machine-to-machine economic models

Developer Community Growth:

  • The Medium blog will be central to sharing use cases, tutorials, and platform updates to grow the ecosystem

TESTIMONIAL HIGHLIGHTS

  • James Marchant, Founder – Rekord AG:

“Our platform's ability to handle such a high volume of transactions demonstrates the scalability and robustness of the BSV blockchain.”

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