Internet of Things (IoT)

Since the application of blockchain to distribution logistics requires external data input, reliability problems may arise for data input from off-chain to on-chain. This is because in the process of putting data into the blockchain, there is a concern about people accidentally or maliciously inserting wrong information, and there is a possibility that tampering may occur before it is written in the block. As a supplementary measure for this part, BYK plans to utilize IOT. IOT is expected to further improve information reliability in that it excludes human intervention in information transmission. In addition, it will provide additional value for securing logistics stability of the parties to the transaction through product quality management through monitoring of transported products while collecting real-time-based transport history information.

Each entity will receive BYK as a reward for block creation. However, it should be borne in mind that a penalty may occur in which the BYK to be paid is deducted in the event that an incorrect block is created or a problem occurs in the distribution result.