LFER
SmartAxiom
Delivering
Game Changing
BlockTracker
In $23 Billion
Supply Chain
Management Industry
August 2, 2021 -- InvestorsHub NewsWire -- via
BioResearch Alert --
- 2020 Supply
Chain Management
Market of
IoT
Device RFID Tags,
Readers, Software, and Services estimated at $23 billion
with
CAGR
over 10%
- Hackers target
IoT devices that
are
used in Supply Chain Management -
84% of security
professionals believe IoT devices are easy prey
and more vulnerable
than computers
-
Existing IoT
security
is unmanaged and unsecured creating fertile ground for
hackers
-
93% of enterprises
are planning to increase their spending on security for IoT and
unmanaged devices
-
LFER SmartAxiom
now
packaging
and offering
their
game-changing,
patented blockchain security
technologies in BlockTracker
with
cloud based
applications,
mobile phone application and edge
technologies
-
BlockTracker is being deployed
to Secure High-Value shipments such as
pharmaceuticals, container shipments and other environmentally
sensitive products
-
LFER shares trade at about 12
cents with a market cap of close to $5 million in a
$23 billion Supply
Chain Management
market
SmartAxiom
Inc, a
subsidiary of Life on Earth Inc (OTC:
LFER) announced BlockTracker, the first logistics
management solution that is blockchain-secured from the tracking
device to the cloud. SmartAxiom has developed and deployed an
innovative, light blockchain that can run on and among IoT devices
to secure their identity and communication, and which is being
embraced by organizations to track high value-goods.
More information on the
solution can be found at:
https://www.smartaxiom.com/products/blocktracker
The logistics solution consists
of a multi-tenant cloud system managing BlockTracker
cellular tracking
devices, which sense location, temperature, vibration,
pressure
and light level.
The device can also act as a gateway and connect to additional
nearby sensors via Bluetooth Low Energy (BLE), for example with one
temperature logger per box of pharmaceuticals reporting to
one BlockTracker
per pallet of
boxes. The management system, built with SmartAxiom's
Tenacious cloud
backend, shows shipment location and condition, will notify by SMS
if parameters like temperature are exceeded, has geofencing and
tools to activate devices and assemble shipments.
With every encrypted and signed
data transmission, the identity and integrity of every tracker is
authenticated using blockchain security techniques. All provenance
data (where a shipment was at a given time, under what conditions,
owned by whom etc.) is permanently recorded in an immutable
blockchain. Additionally, SmartAxiom's
IoT Smart Contract
feature is used to securely push automations to devices. They run
on BlockTracker
and are used to
change ownership and send notifications based on location or sensor
triggers (e.g. the temperature is too hot or
vibration too high). The IoT Smart Contracts can also safely
install Over-The-Air (OTA) firmware updates.
Amit Biyani, SmartAxiom founder and President,
commented "Many enterprises love the idea of storing provenance
data permanently in blockchains. Unfortunately, these systems
suffer from the proverbial garbage-in, garbage-out problem and
there is no value in an immutable record of bad data. Now
SmartAxiom
has delivered the
world's first logistics solution that is blockchain-secured from
tracker-to-cloud, and we are deploying it, right now, to track
high-value COVID vaccine shipments in developing countries. When a
vaccine shipment is worth over ten million dollars, it motivates
evil behaviors like theft and forgery and it's exciting to play a
key role in keeping people safe!"
Mahmood Khan, LFER CEO added
"The BlockTracker
Logistics solution
fits perfectly with our strategy of delivering safe, compliant
cloud systems that raise business productivity and innovation while
ensuring data is secured from hackers. This end-to-end solution is
exactly what the Supply Chain industry need today."
About
SmartAxiom
Inc.
SmartAxiom's
software manages
and secures the Internet-of-Things (IoT) through patented, lite
blockchain technology running among those devices at the edge of
the Internet and enabling them to defend themselves. Our
peer-to-peer distributed ledgers improve security, latency,
reliability
and manageability.
We uniquely create the first true endpoint-to-cloud blockchain
solution, while our IoT Smart Contracts manage NFTs and push
intelligence to the edge. SmartAxiom technology is proving valuable
in many verticals such as smart buildings, manufacturing lines and
shipment tracking. It interoperates with enterprise systems such as
IBM Blockchain and Microsoft Azure and is proven on many
ARM
and Intel
based microcontrollers such as those
from Intel, NXP, Renesas, Marvell, and Broadcom. https://www.smartaxiom.com
About Life on
Earth Inc.
Life on Earth, Inc. (LFER)
is a cloud enterprise software developer and a provider that
enables rapid innovation that keeps the enterprise operations safe,
compliant and manageable. The products were designed to help
organizations innovate and modernize legacy systems while
minimizing cost and risk of business disruptions and ensure
regulatory compliance. For more information, please visit our
corporate website - www.lifeonearthinc.comInvestors
and corporate inquiries, please contact: info@lifeonearthinc.com |
(646) 844-9897
Forward-Looking
Statements and
disclosure:
This release contains statements that constitute forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. These statements appear in a number of places in this release and
include all statements that are not statements of historical fact
regarding the intent, belief or current expectations of Life on
Earth, Inc. its directors or its officers with respect to, among
other things: (i) financing plans; (ii) trends
affecting its financial condition or results of operations; (iii)
growth strategy and operating strategy. The words "may," "would,"
"will," "expect," "estimate," "can," "believe," "potential" and
similar expressions and variations thereof are intended to identify
forward-looking statements. Investors are cautioned that any such
forward-looking statements, including those relating to the LFER's
financing being adequate for it to develop and market its software
products, and to launch its growth and expansion plans, among
others, are not guarantees of future performance and involve risks
and uncertainties, many of which are beyond Life on Earth, Inc.'s
ability to control, and actual results may differ materially from
those projected in the forward-looking statements as a result of
various factors. No information in this press release should be
construed in any way whatsoever as an indication of Life on Earth,
Inc.'s future revenues, financial performance or stock price. More
information about the potential factors that could affect the
business and financial results is and will be included in Life on
Earth, Inc.'s filings with the Securities and Exchange Commission
at www.sec.gov.
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has been
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SOURCE: BioResearch
Alert