A joint venture with a German company, Orex360 enables IoT devices to interact with businesses and aims to develop an ecosystem of trusted machine-to-machine and machine-to-business transactions. Purpose built for the Industry 4.0 and smart manufacturing initiative, Orex360 focuses on measuring, recording and billing the operation of essential infrastructure with the help of blockchain. Smart contracts are employed as public registry mechanisms that validate the devices allocated to a customer without any identifiable metadata being made public, therefore preserving the client’s privacy while maintaining auditability and trustworthiness. Token-based economy is used for automated activation, deactivation and usage tracking of devices.

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