Business

Reap Platform for operating and managing all services.

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
Advantage

Reap SDK

REAP SDK
Prevention of data
forgery through object PID.

Reap
MiddleChain

REAP MiddleChain
Providing services specialized for
distributed processing and
security of large data.

Reap HUT

REAP HUT
Provides reliable and flexible
private temporary data storage.

Reap Platform

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.
Distribution and Logistics

Step 01

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

Step 02

Continuously transmit and verify product status data through sensors

Step 03

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

Step 04

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.
Energy

Step 01

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

Step 02

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

Step 03

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 04

Receiving 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. 1.Combination of each business area through platform activation. 2.Establishing a reasonable fee and incentive system. 3.Establish a business model by building a competitive infrastructure through token economy with competitiveness and profitability.
Business Model

License cost

COST
ReapChain BaaS Service fee

Reap HUT usage fee

HUT usage fee
Reap HUT service fee

Transaction Fee

Transaction Free
Fees for data transfer

Data purchase
information

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.
Reapchain Ecosystem
  • 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

ReapChain is a service-type blockchain BaaS (Blockchain as a Service) that consists of Reap SDK for connecting and authenticating devices, ReapMiddleChain and ReapChain for data processing and storage, and Reap Platform for operating and managing the entire service.
Benefit

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.