Basic technical overview, more of it will be released later…
So Apostille > HD Account > IoT Device gets key of HD Account
HD Account is “owned” on chain by your personal account
Device accepts controls that are signed by your private key.
There are some catapult-only features we’re using for other things such as…
- Real time negotiation and sale of resources (i.e. solar panels > electricity, in the format of grid credits).
- Company pays fees instead of storing the initial registration cost on device.
- Communication with businesses (e.x. your smart lawn sprinklers break, things happen on chain, someone comes to fix them after your approval.
The catapult features are expected to utilize the chain more, but they also provide cost savings so there isn’t a problem in paying the 10 cent fee once in a while.