Digital Asset Broker platform

Challenge

• Vodafone operates a network of 150 million IoT devices (i.e., SIM cards) and the number of IoT devices is predicted to grow globally to 30 billion by 2025
• Growing trend of IoT requires devices to exchange data and value in a secure and automated manner

Solution

• DAB allows verified devices, vehicles, smart street furniture and machines to transact seamlessly and securely without human intervention, but with full owner control
• DAB assigns unique digital identities to devices so it can communicate with other devices
• Example: Allows electric vehicles (EV) to transact directly with charging points

Why Corda?

• Corda provides an immutable source of truth for all transactions and enhanced security

Results

• Enables interoperability between previously siloed devices
• Brings end-to-end trust and security
• Integrated payments and smart contract capabilities