LOMIKO'S SHD SMART HOME DEVICES ADDS RECURRING REVENUE POTENTIAL WITH BLOCKCHAIN SECURITY FOR IOT PRODUCTS
20 Décembre 2017 - 3:00PM
InvestorsHub NewsWire
Vancouver, B.C -- December 20, 2017 --
InvestorsHub NewsWire -- Lomiko Metals
Inc. (“Lomiko”) (TSX-V:
LMR), (USOTC:
LMRMF), (FSE: DH8C) is the lead investor in SHD Smart Home
Devices, a company involved in the design, manufacture and
distribution of Internet of Things (IoT) enabled products. In
the near future, millions of consumers will purchase devices that
have the ability to wirelessly connect to the internet through a
home or office Internet Service Provider (ISP) or Local Area
Network (LAN). Today, wireless keyboard and printers are
standard for computers. The extension of this connectivity to
many other devices and machines has created the new IoT
industry, enabling homeowners, office workers and
manufacturers to monitor and perform tasks remotely using connected
devices such as smartphones, laptops and
tablets.
The IoT will transform how we live and work,
connecting homes, offices, and cities. However, the current
security model for IoT will struggle to scale up to meet the demand
for millions of connections required by this new IoT-based
world. International Data Corporation estimates that 90%
of organizations that implement the IoT will suffer an IoT-based
breach of back-end IT systems.
SHD has engaged MegaHertz Power Systems to expand
its IoT hardware platform to incorporate Blockchain Security level
communication firmware within its
products, which
will expand connectivity and ensure generic compatibility without
compromising security for its WIFI and USB IOT
Products.
"Not only does SHD have an incredible
opportunity to participate in a burgeoning IoT and Smart Device
market, but we will add an essential security component which
brings in recurring revenue potential," stated A. Paul Gill, CEO. "Major companies
such as IBM, Amazon and Google have recognized this new market and
have launched IoT Products and a major goal of SHD opportunity to
license both hardware products and embedded software
solutions."
Blockchain’s cryptographic processes offer an
alternative to expensive, in-house processing of encrypted security
protocols using dedicated servers alone. SHD will investigate using
both in-house solutions and a network of eligible blockchain
processing units that will be paid with cryptocurrency.
Blockchain is built for decentralized control, a security scheme
that is more scalable. Blockchain’s strong protections against
data tampering would help prevent a rogue device from
disrupting a home, factory or transportation system by relaying
misleading information. For this reason, Blockchain is
promising for SHD Smart Home Devices IoT
security.
Blockchain protocols provide assurances a
request for access is legitimate. The IoT smart home may use
a simplified version of the blockchain by reducing the
proof-of-work computational requirement typical of other
implementations. Standard IoT devices are not designed for heavy
computational work. Standard SHD Designs focus on creating
WIFI mesh connectivity rather than processing
data.
There are currently 130 million established
households in North America and a healthy seasonally adjusted
annualized rate of 1.3 million housing starts. In addition,
offices, hotels and coffee shops are also potential markets for
smart devices. If only one or two devices are installed in new
homes and retrofitted into current homes undergoing renovations,
there will be a healthy demand for these
products.
For more information on Lomiko Metals, review the
website at www.lomiko.com,
contact A. Paul Gill at 604-729-5312 or email: info@lomiko.com.
On Behalf of the Board
“A. Paul Gill”
Chief Executive Officer
We seek safe harbor.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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