Web3-Conf-India / Hack-Web3Conf

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Submission: Interlynk #8

Open Het-Bhavsar opened 2 years ago

Het-Bhavsar commented 2 years ago

Team Name

Interlynk

Project Name

Interlynk network

Contact Details

Het@interlynk.space

Project Track

Blockchain & Cryptocurrencies

Sponsor Bounties

Alchemy

Link to project GitHub public repo

https://github.com/Het-Bhavsar/Interlynk-Hackathon/

Link to project website

https://www.interlynk.space/

Link to demo video

https://www.youtube.com/watch?v=gyvHGZnMHQ0

Contract address

0xd114b528639367869C8FeE741f820cc8aE060589

Inspiration

With already gathered experience of 4 years in the IoT sector we are quite familiar with the challenges and scope of growth in the industry. While researching and talking to various industry experts, we understood the network infrastructure problems that may hinder the connectivity of billions of things, in the coming years. We took inspiration from web3 to find innovative solutions to build a Future Supportive Network Infrastructure for IoT devices.

What it does

We are building a Decentralized P2P network for IoT connectivity, called as Interlynk. Anybody with a Smartphone can participate as a node and provide connectivity to the surrounding IoT devices and get rewarded with our Native tokens. Rather than relying on a dedicated telecom network like 5G and LPWAN operators, Interlynk Network uses existing "Smartphone Infrastructure" for secured communication of IoT devices. Interlynk uses existing infrastructure to deploy a unique IoT network, instead of deploying new antennas and adding to hardware costs.

Challenges you ran into

Our biggest challenge was to ideate and come up with a practical use-case driven web3 product. While researching and talking to various industry experts, we came across the out-of-the-box use-case lies in converging Internet-of-Things with the Web3 world.

Anything else?

We believe in an insight that the network connectivity players would rarely say out loud. We have thought throught and came to the conclusion that a single protocol cannot win the IoT connectivity race, Interoperability is a must feature and we are keeping space so we can support this belief in the near future.