Create Smart Textiles With Technology (Loomia ICO Review)
As the society and human population grow in number the need to solve the increasing human problems and challenges arise. Technology and human life cannot be separated; society has a cyclical co-dependence on technology. We use technology; depend on technology in our daily life and our needs and demands for technology keep on rising. Humans use technology to travel, to communicate, to learn, to do business , to live in comfort , to secure our self, to manage our data and many more.
This year alone has witness many new technology in different areas of human life. And one of such new technology that will blow your mind away this year is called Loomia.
What is Loomia Project all about?
Loomia is an online decentralized platform used to track the data or information related to the personal identity of belongings of a user. In addition to tracking, this platform provides security and performs verification of those data as well. It delivers a variety of user identities like their habits, digital identity and physical (individual) identity and so on. This is achieved through It's unique hardware element called TILE
What is Loomia TILE:
Loomia TILE is a device that transforms clothes into data-collecting and identity tools. It works in conjunction with the LOOMIA Electronic Layer (LEL), a soft flexible circuit embedded into textiles with the ability to sense changes in its environment, such as heat and touch.
How Does Loomia Works:
Basically what loomia has done is to integrate their technology into a textile to enable the user to be able to collect personal data and be in-charge of the data. The user can monetize the data if wish. The data can collect through clothes, shoes etc. Users can transfer their data to a desktop application that allows them to manage and sell their data to market researchers.
Watch Loomia CEO Janett Liriano Interview On NYSE Floor
Loomia is decentralized and leverages the blockchain technology for security and data integrity.
Area Of Application
Loomia can be used in a variety of applications which icludes but not limited
- commercial and industrial can use to track the reach of their goods and produts
- automotive interiors it can be use to track vehicle in the case of car thief
- home furnishing it can be use in the home for beautification etc
- Personal it can be use for any personal purpose like tracking your kids, sports, etc
- among others.
Currently, LOOMIA has working prototypes of the LOOMIA Electronic Layer (LEL) integrated with apparel. In particular, LOOMIA has demonstrated the use of LEL inside a boot, where the LEL is used to generate heat as well as collect data. LOOMIA also plans to create a data exchange or online marketplace where consumers will be able to buy/sell/share biometric data
What is TILE Tokens:
Tile Token should not be confuse with Loomia TILE. TILE Token is the token to be issued to investors who invested or willing to invest in their upcoming ICO.
I will keep you informed about their ICO date.
To learn more about Loomia and how it works
White PaperVisit Website
ANN THREAD
Follow On Twitter
Like On Facebook
Join Telegram
Note: This is not a financial advice I am just sharing my personal opinion on the ICO I want to invest on. Do your own research before getting into any ICO. Investing in ICO is risky and you could lose your money.
