US Navy Exploring Using IoTeX to Monitor Supply Chain Logistics: Report
The US Military is looking into using IoTeX to improve its medical supply lines.
According to a report from Cointelegraph, Consensus Networks, which won a contract with the Navy in May to develop a logistics system called HealthNet, has selected IoTeX to provide the framework for the system.
Using IoTeX, Consensus Networks aims to provide real-time monitoring and logistics to hundreds of thousands of soldiers, all with top-notch security and the ability to scale at will.
Nathan Miller, CEO of IoTeX, told Cointelegraph that the project was 50% complete, and set for release sometime in early 2022.
For now, the project focuses on the Navy, but Miller says the system could be used for a number of different scenarios. He says it uses an “integrated data environment and an interface to track medical suppliers from manufacturer to patient in order to reduce delivery time and waste.”
“For example, it will be great for elderly homes by helping them with better care without driving or being driven to a healthcare facility... The system will help track their health and predict their needs and get them sorted, so they do not have to visit clinics...
It is hard to believe that today automobile manufacturers, such as Ford, have a better network for ensuring the health of their vehicles in the shop or on the road than the medical sector has to monitor and safeguard the health of people.”
IoTeX is a decentralized network focused on the growing internet of things (IOT) sector. Powering the network is its utility token, IOTX, which is able to connect devices like cameras, computers, or sensors with decentralized apps (DApps). IOTX is also a cryptocurrency which can be used for transactions, staking, and registering new devices on the network.
IOTX currently costs $0.40, up over 15,000% from its lows in March of 2020.
Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.