BUSINESS

ReapChain BaaS

ReapChain is a Blockchain as a service (Blockchain as a Service), and consists of Reap SDK for connecting and authenticating devices, ReapMiddleChain and ReapChain for data processing and storage, and Reap Platform for operating and managing all services.

ReapChain BaaS
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ADVANTAGE
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Reap SDK

Prevention of data

forgery through object PID.

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ReapMiddleChain

Providing services specialized for

distributed processing and security of large data.

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Reap HUT

Provides reliable and flexible private

temporary data storage.

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Reap Platform

Easy and fast

IoT-only system construction.

Use Case

01 Distribution and Logistics

IoT can be applied to logistics operations to increase supply chain visibility and efficiency, and to prevent disruptions in a smooth delivery.

ReapChain collects, analyzes, and shares information from freight shipments, pick-ups, and transportation to the right delivery to consumers, optimizing reliability, efficiency, and processing speed to achieve innovation in the distribution and logistics industries.

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step 1

Product production and data (basic information) input based on IoT sensor applied with Reap SDK

step 2

Continuously transmit and verify product status data through sensors

step 3

Transmission and verification of additional data such as location information and record of delivery and receipt in the entire distribution process

step 4

Receive and confirm reliable data on products purchased by end consumers

02 Energy

The energy sector is pursuing domestic automation and energy management efficiency by integrating advanced information and communication technology (ICT) such as IoT.

The energy management system utilizing ReapChain BaaS can improve the above problems and build an efficient system.

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step 1

Aggregate various data and power generated from smart home devices with Reap SDK through smart meters

step 2

Continuous transmission and verification of device status and power data through smart home device control devices

step 3

Through the Reap Platform, the electricity producer checks the amount of electricity required in each home, and the service provider checks the device status data to improve service quality

step 4

eceiving reliable data and checking information on individual devices in the smart home at home

Business Model

ReapChain's business is a platform and DApp business composed of various IoT-based business fields.

ⅰ) Combination of each business area through platform activation

ⅱ) Establishing a reasonable fee and incentive system

ⅲ) Establish a business model by building a competitive infrastructure through token economy with competitiveness and profitability.

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License cost

ReapChain BaaS Service fee

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Reap HUT usage fee

Reap HUT service fee

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Transaction Fee

Fees for data transfer

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Data purchase information

Required data purchase cost

Ecosystem

Participants in the ReapChain ecosystem will be a member of the IoT-based 4th industrial ecosystem and will contribute to the development of the IoT industry while gaining economic benefits.

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  • Device manufacturers Companies that provide services including hardware resources provided by IoT devices such as sensors and drivers, and operating systems (OS) and software that connect these hardware resources.
  • IoT operators services that facilitate the creation and execution of various application services, application implementation and network service providers that support the deployment of IoT-based application software
  • Data analysis companies companies that process, analyze and utilize data obtained from various devices
  • IoT users individuals or subjects who use IoT services through applications
  • ReapChain BaaS An integrated platform that supports various standards / non-standards as a connection platform between devices and devices and services and application platforms.

Benefit

Participants in the ReapChain ecosystem will be a member of the IoT-based 4th industrial ecosystem and will contribute to the development of the IoT industry while gaining economic benefits.

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Additional Incentive 10%

Apart from the reward for total commission income, 10% of the total amount of REAP issued is rewarded for participation in the ecosystem, and is provision 1% annually over 10 years. When the 1.2 millionth block is created, it is paid to all REAP holders in proportion to individual REAP holdings.

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WHITEPAPER

The objective of this Whitepaper is to present a brief summary of the business model,
technology, and value proposition of the ReapChain.

Whitepaper

ENG KOR

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ReapChain

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MiddleChain [IOT]

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Businesspaper

IOT

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Fintech

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Onepager

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Thesis

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