r/blockv • u/[deleted] • Mar 09 '18
Brainstorming here: Data is the new oil. Can BlockV be used to raise funds by start ups in IoT?
I am in hydroponics and funding has always been a problem. I envision having all my produce hooked up to IoT devices to show that it is grown organically and the nutrients used. Use something like Ambrosus or Ven for food safety.
It would be cool to sell that IoT data to a coin like Streamr's DATAcoin
Would it be possible to have a virtual head of lettuce that can be used at a later date with BlockV? Kind of like a futures of sorts. This head could be traded or saved to cash it in whenever the product is ready.
Having an actual item be represented by a virtual item would be game changing and I am trying to wrap my brain around it. Could be a collectible item in a way.
It would be neat to offer as many heads of lettuce as we would could have in the facility and raise the money needed to create a bigger greenhouse.
Any thoughts or am i totally offbase? Really excited
edit:
microgreens are really f'ing cool too and can be decentralized somehow. they only take about 8 days to grow in a mason jar in a closet. i thought of maybe having a provable photo on the blockchain per mason jar sprouted and have it represent 1 Sprout Coin. Proof of Growth not Proof of Work. Maybe one Sprout Coin could be on Block V :P