Robonomics Network: the first economy based on robotics
Robonomics Network is the first blockchain, that aims at robot-to-human and robot-to-robot communication. It targets Smart Cities, marketplaces for robotics, and Industry 4.0.
Blockchain took us from Finances 1.0 to Finances 2.0 by using on-chain data and transmission of day-to-day communication between various users. Bitcoin was the first cryptocurrency that enabled moving value across the internet between several pseudonym actors. Ethereum took place as a blockchain 2.0 with implementing smart contracts. Now the blockchain 3.0 took over by Polkadot and other blockchains that can also scale thousand and later on millions of transactions and enable a higher level of interoperability.
Robotics is still under the hood and we keep inventing more and more use-cases for things that can be automatized and where the robots can work instead of human resources.
What is Robonomics Network?
Robonomics Network is an open-source Substrate implementation, that wants to connect robot economic and IoT devices with the end-users through various digital marketplaces. Their goal is to make the transfer of both economic and non-economic information circulation across IoT devices used in industry 4.0 and smart cities.
Robots can be connected to the network and serve as a Robot-as-a-Service for the end-user.
Robot economy will enable the exchange of messages and transactions with the execution task and money at the same time for all connected CPSs.
But what is a CPS? Robot, or better CPS (cyber-physical system), can be anything that has on or more sensors. An industrial robot, a mobile robot, flying drone, self-driving car, or any other device. Moreover, it can be a set of these things, such as a drone fleet or a whole factory. Those CPSs can then use it to trade and exchange value and information.
Robot operating system (ROS)
Robonomics connects robotics on Ethereum and Polkadot network with the Robot operating system (ROS).
ROS is a large set of packages for robotics needs. It also provides a convenient way of building a package for a robot with subscriber/publisher architecture allowing to divide it into a set of nodes, that can enable communication using defined messages. Any ROS-enabled robot could be easily connected to the Robonomics Network and start to take advantage of it.
Modern society is on an accelerated path of development and constantly needs to increase the output of goods and services. The use of CPSs helps improve the efficiency of production processes and also the management of supply chains necessary for the progression of Industry 4.0.
What is Industry 4.0
Industry 4.0 is a label for the current trend of digitization, related automation of production, and the changes in the labor market that it will bring.
There are several usecase that Robonomics can serve to the users and robots. Here are some major examples.
1. Internet of things (IoT) marketplace
- decentralized data marketplace that enables tokenizing and trading the data collected from IoT devices
- digital marketplace for robots
2. Industry 4.0
- enables direct communication between end-users and smart factories
- roadspace negotiation for autonomous cars
3. Trackable supply chains
- checking the history of production and delivery within the supply chains
- equipment maintenance process controlling by supply chain participants based on IoT data
4. Autonomous service providers
- robot-as-a-service in Smart cities
- launching a delivery drone or a fleet of drones under the control of a decentralized computer
Robonomics Parachain and Relay Chain vision
The Robonomics development team aims to reach a 2-year lease of the Parachain slot in the Kusama network. For that, they will offer to their supporters 1,5x higher rewards than can be reached by pure staking of KSM.
After 2-years in the Kusama network, the team will decide whenever to move for the Polkadot network to get a Parachain slot in there.
Whenever Polkadot network will be technically ready to serve 100 Parachain projects including the Parachain slot for the Kusama network, Robonomics will move towards to start off their own Relay Chain. Imagine it as a Parachain of Parachains, that multiplies the bandwidth of the network ecosystem. The Robonomics Relay Chain aims to serve up to 1 million IoT systems simultaneously with a subscription price of $2.
To the present moment, the Robonomics developers’ team is ready to start the Robonomics Parachain in the Rococo v1 update. Once they will run it and debug it, this will be the last step before the mainnet Parachain launch on Kusama will be ready.
The main actors of the Robonomics team are Sergei Lonshakov –network architect, Aleksandr Kapitonov –a researcher with Ph.D. in Industrial Automation, Evgeny Radchenko — a system engineer, Aleksandr Krupenkin — robotics&IoT developer, Vadim Manaenko — DevOPS, and Alisher A. Khassanov — industrial engineer.
Robonomics issued two separate tokens. Let’s describe those down below.
Robonomics Token (XRT)
XRT is the main Robonomics token, which serves as a utility token for robotics and IoT devices, that can pay transaction fees with it. Before the Robonomics mainnet will be launched on the Polkadot network, the XRT token is still just an ERC20 token on Ethereum.
XRT token can be traded in various crypto exchanges including Huobi Global, BitZ, Coinsbit, Hoo, and Uniswap.
XRT has a circulating supply of 794,834 coins, the total supply is 9,984,038 XRT.
Robonomics Web Services (RWS)
RWS token is a lifetime subscription token, that gives you 1 transaction per second free of charge for use of Robonomics Network when activated. There were created only 100 coins to this moment, so that’s why the price is so high (actually $ 55,000 for 1 RWS).
The process of digitalization and decentralization is on the rise by the time the industry moves toward the 4.0 stage and the past architecture is slowly becoming obsolete. At this moment, we are in the process of change, that the future application will fulfill the needs in terms of scalability and process efficiency.
IoT devices, robots, and smart factories can enhance their effectiveness and productivity when the processes are automated and the data can be traded in a decentralized manner.
This is why Robonomics came into play with their Robot operating system, which creates the ground level for the smart cities, autonomous services providers, and the Industry 4.0 implementation.
After launching their Parachain in the Kusama network followed by creating their own Relay Chain focused on IoT devices and robotics services, Robonomics will serve millions of devices and cyber-physical systems. This will be possible with the scalability level of the Polkadot ecosystem and the Parachain architecture.
Robonomics Network is an open-source protocol designed to integrate robotics into the Human economy.
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