Economy of Things
1st place was awarded a DJI Mavic Air ($800 value), 2nd place was awarded a Cetus3D Printer ($500 value), and 3rd place was awarded an Oculus Quest ($400 value)
Runner ups
Each runner up was awarded an IOTA Tokens ($100 value)
The challenge
The IOTA Foundation and eCl@ss are hosting a contest to encourage the development of innovative solutions, leveraging the Industry Marketplace.
We challenge you to develop an open-source solution, using the Industry Marketplace, to create value, explore new business models and/or building blocks in response to the contest themes.
About the Industry Marketplace
The recently launched Industry Marketplace is a vendor-neutral platform for humans and machines to buy and sell services, data and goods.
The Industry Marketplace is an autonomous and decentralized platform. It combines the IOTA Tangle with standardized machine-readable contracts and an integrated decentralized identity system to enable actors to tender, bid and pay for services.
The Marketplace masters the challenge of interoperability by applying different industry standards. Within a marketplace scenario, it is crucial that all participants communicate in a precise and distinct language. Humans might understand the essentials of a message without speaking the same language due to their imagination and intelligence. However, machines are required to communicate in the exact same language in order to understand each other. To provide this, the Industry Marketplace follows the specifications of the Industry 4.0 language, which defines a clear order of exchanged messages within a bidding process as well as an explicit structure of each message.
In the first step the Service Requester sends out a Call For Proposal message in which they specify their requested service. Service Providers can then generate Proposal messages in response. Further message types within the Industry 4.0 language are the self-explanatory Accept/RejectProposals, an informConfirm to flag that the service is fulfilled as well as an informPayment to let the other side know that a payment is on its way.
Above that, all exchanged messages contain a technical and commercial description of the service: At this point, it has to be guaranteed that all participating actors have the same understanding of a service.
Let’s take a look at the service “Provision of voltage”. While microcontrollers usually require low voltages of 5V or less, energy systems might depend on higher voltages above 230 kV. For everyone within their sector it might seem obvious to refer the term “voltage” to a certain voltage range. However, this might not always work out across sectors. In the worst case scenario, the microcontroller would end up with an extra-high input voltage provided by the Service Provider with a different understanding of “Voltage”. Since the Industry Marketplace is a vendor-neutral platform, it is therefore crucial that each service is defined unambiguously with all its properties for all participants.
To do so, the Industry Marketplace makes use of the eCl@ss standard to classify and describe goods and services. eCl@ss provides a catalogue of tens of thousands of product classes described by unique Identifiers (IRDI) and their corresponding properties. Hereby, the difference between e.g. low voltages and extra-high voltages are clearly captured to prevent misunderstanding in the meaning of services or goods.
The Industry Marketplace provides a decentralized platform for a large variety of use cases that are not limited to manufacturing industries, but can also be expanded to smart cities, energy or mobility applications.
Prizes
Economy of Things
The Industry Marketplace showcases IOTA’s vision of the Internet of Things and how “things” can act in their role as economic agents for human, organization and machine collaboration in a decentralized manner. The framework itself can be leveraged to build, expand upon or be integrated with existing applications.
For the Economy of Things Challenge, we want you to demonstrate how things can negotiate with each other utilizing the Industry Marketplace as the base framework.
Since the use-cases are by far not limited to the industries, implementations within different scenarios such as mobility or energy are very much appreciated.
One way to get started is to think about your favorite uber-for-x use case and implement a demonstration of how this marketplace would work using IOTA and standardised identifiers from eCl@ass.
1st Place
The DJI Mavic Air is an ultraportable and foldable drone which features high-end flight performance and functionality for limitless exploration.
2nd Place
The Cetus3D is a minimalist, modularized printer that simply works. Easy to setup and get printing right away.
3rd Place
Oculus Quest is the first all-in-one gaming system built for virtual reality. Now you can play almost anywhere with just a VR headset and controllers.
eCl@ss Standards
The second challenge evolves around endowing devices with intelligence. Within our online demo of the Industry Marketplace, the user decides whether a Service Provider is able to provide a service.
However, the Industry Marketplace also has participants that act without any user input. In this case, the device itself has to check whether it is capable to provide a service/good with request properties before sending out a proposal.
The objective of the eCl@ss challenge is to build an autonomous decision making process for devices who can supply multiple goods & services. We challenge you to build a decision making process for a device to automatically choose the best Service Requests based matching eCl@ass capabilities. Once the best is chosen a proposal should automatically be sent out to the requesting device.
1st Place
The DJI Mavic Air is an ultraportable and foldable drone which features high-end flight performance and functionality for limitless exploration.
2nd Place
The Cetus3D is a minimalist, modularized printer that simply works. Easy to setup and get printing right away.
3rd Place
Oculus Quest is the first all-in-one gaming system built for virtual reality. Now you can play almost anywhere with just a VR headset and controllers.
Runner ups
For those that have missed out on the main prizes we have runner up prizes for some of the other outstanding projects that didn't make it!
4 winners
IOTA tokens are the mechanism we use to transfer value on the IOTA mainnet.
Resources
Watch the recording of our August 15th webinar!
Feel free to get further inspired by our use-cases here.
We have a whole raft of technical resources available for you to use to get started. These vary in format from tutorials to recordings of development streams.
Beginner Resources:What is IOTA:
Documentation:
Choose a language: Client Libraries
Industry MarketplaceIndustry Marketplace on github
Other Links:
- Landing page
- One-Pager
- Technical Documentation
- Explainer Video
- Use Case Examples
- Demo site
- Try as Service Requester
- Try as Service Provider
eCl@ss
Further information
- eCl@ss Website: General information and eCl@ss publications (under "News")
- eCl@ss Search: eCl@ss Basic
- eCl@ss Wiki
- eCl@ss Youtube Channel: Videos for explanation and information
- eCl@ss CDP: Content Development Platform for the submission of Change Requests and the eCl@ss Advanced Search. Anyone can register in the CDP!
eCl@ss - Content / Dictionary access
In addition to the manual reading of https://www.eclasscontent.com/ as well as https://www.eclass-cdp.com or parse an huge XML-file, we decided to give you an experimental way to eCl@ss. On http://eclasscontent.org/ you will find all necessary information for a REST- and JSON-based access.
Watch the recording of our August 15th webinar here!
Feel free to get further inspired by our use-cases here.
We have a whole raft of technical resources available for you to use to get started. These vary in format from tutorials to recordings of development streams.
About us
About IOTA
IOTA is a not-for-profit foundation incorporated and registered in Germany. The IOTA Foundation’s mission is to support the development and standardization of new distributed ledger technologies (DLT), including the IOTA Tangle.
The IOTA Tangle is an innovative type of DLT specifically designed for the Internet of Things (IoT) environment. It is an open-source protocol facilitating novel Machine-to-Machine (M2M) interactions, including secure data transfer, fee-less real-time micropayments, and the collection and dissemination of sensor-based and other data. www.iota.org
About eCl@ss
eCl@ss has established itself internationally as the only ISO/IEC-compliant industry standard, and is thus the worldwide reference-data standard for the classification and unambiguous description of products and services. More than 3,500 companies are already taking advantage of these benefits. Increasingly, they’re also specifying eCl@ss as a mandatory standard for their business partners. Why is this happening?
A standardized master-data system is the key to enterprise-wide improvements, producing benefits along the entire value chain. It’s also an essential requirement if users are to establish a uniform semantic standard, which will in turn help the Internet of Things become reality and make possible the information-driven production processes known as Industry 4.0. The open architecture additionally allows the classification system to be adapted to an enterprise’s own internal classification scheme. https://www.eclass.eu/
Contest Status
Timeline
Contest begins
December 12, 2019 at 9:00 AM PST
Submissions close
May 17, 2020 at 11:55 PM PDT
Winners announced by
May 30, 2020