Hurify Wants to Better the IoT Industry

The modern day 21st-century world is one in which advancements and innovation emerge at breathtaking speed. No sooner has the world been introduced to a game-changing piece of tech that another even more advanced solution appears on the scene. The result is a seemingly constant flow of paradigm shifts that is almost dizzying. The leap in advancement since the late 90s to the present day has been nothing short of astonishing. In virtually every aspect of science and technology, the scene today is completely different from what obtained back in the hay days of flip phones and AOL screen names.

With all of these monumental and astonishing feats of technological advancements, many experts are beginning to speculate the imminent emergence of some truly remarkable concepts. For decades, scientists have toyed with the idea of an Internet of Things (IoT), Artificial Intelligence (AI), Machine Learning, and many other sci-fi worthy concepts. Right from early days of distributed computing technology, the dream has been to integrate all matter with the internet in the so-called IoT. Needless to say, there have been many issues that have plagued the successful implementation of the IoT framework. While solutions have been found for some of them over the years, there still remain some thorny fundamental issues that persist till today.

Introducing Hurify

One of the biggest challenges plaguing the IoT scene is the availability of sufficiently skilled people who are adequately proficient in the core service areas of the IoT framework. The concept of the IoT is broad, and it is virtually impossible to find people who possess expertise in all the different knowledge areas. Some of these areas didn’t even exist a few years ago. They have been of necessity been created in order to address a new concept that must have emerged by virtue of a few advancements here and there. It is difficult to imagine a marketplace growing if there is no adequate service support structure.

Hurify is an intuitive decentralized platform that is being pioneered by a team of ex-Intel veterans. Their aim is to create a marketplace that specializes in IoT service solutions. The Hurify marketplace is designed to cater to client organizations, developers, inventors, programmers, all other stakeholders. Hurify is tapping into the power of blockchain technology to provide a secure marketplace platform that will disrupt the global IoT scene. With such interactions between market participants on an unprecedented scale, Hurify hopes to accelerate the emergence of workable IoT solutions.

The project is based on the Ethereum blockchain network and is the brainchild of Hurify Inc., which is based in Halifax, Nova Scotia, Canada. The company was established in 2017 and it also has regional offices in the United States and India. The company is co-founded by Mouli Srini & Kavitha Gopalan. The pair of them have amazed many years of experience working with Intel.

The Hurify Solution Framework

Imagine a marketplace where client organizations can literally shop for top talents and state-of-the-art IoT solutions. The key value proposition of the platform is the utilization of blockchain technology to disrupt the mammoth IoT industry. The current state of the market is one in which there is a lot of difficulty in getting expert solutions for IoT related problems. There are massive knowledge and skills gap and the areas of specialization are fast becoming greater than the available workforce.

The fragmented nature of the industry makes it difficult for many developers to make major headways in developing their products. Every product or solution protocol usually involves multiple skill areas which means that collaboration with numerous partners is almost unavoidable. All of this fragmentation greatly affects the integration process. At the end of the day, no IoT solution can exist on its own. Everything rolls up into the main construct but when so many hoops have to be jumped in order to create one micro solution, the overall process becomes that much more difficult.

Hurify is building a Smart Contract platform that brings all stakeholders together. Within this IoT hub, connections and partnerships can easily be fostered between client organizations who require specific services, and expert developers looking to sell their products/service solutions. Clients can advertise for specific skills and talents and have qualified developers apply for such positions. Alternatively, developers can list their skills, expertise, and services on offer for clients to examine. Hurify provides a blockchain-powered platform that ensures the smooth performance of all of these activities.

Why Blockchain?

While blockchain technology is definitely one of the most exciting emerging technologies in the world today, it is not without its detractors. The overall aim of the Hurify project is to disrupt the IoT market by creating a blockchain-powered marketplace for developers and clients to interact. The key value proposition of the project ties well with the benefits of blockchain technology.

A venture like this requires a secure framework and blockchain technology provides a robust security framework. There is also the added advantage of smart contracts which become especially useful on a platform like Hurify. A lot of collaboration and partnership is required in IoT development. With smart contracts, clients and developers can create Decentralized Autonomous Organizations (DAOs) and decentralized Applications (dApps). Finally, being a blockchain-based start-up, the company can make use of Initial Coin Offerings (ICOs) as means of crowdfunding for the project.

The Brains Behind the Project

The project is headed up by Mouli Srini & Kavitha Gopalan. Chandramouli Srinivasan (Mouli Srini) is the CEO and President at Mobodexter Inc., which is a Smart City Platform. He has previously worked at Intel. Kavitha Gopalan is also formerly of Intel. She is the CIO of Hurify Inc. and a serial entrepreneur. Ian Scarffe, a noted blockchain advisor who has helped many successful ICO like Coinlancer and CanYa has joined the team as an Advisor. There are also a number of experienced blockchain IoT and blockchain technology experts on the project team.

Final Words

A working version of the platform is already undergoing Beta testing. It is currently being hosted on the Ethereum Test Network. The plan is to open this version to developers from all over the world in the next few weeks of this month January 2018. Users will get a glimpse of the platform as well as the HUR token which is the native token for the Hurify marketplace. It is an ERC20 compliant token which means that it can be stored in most wallets.