RWAs Tracking

RFIDs

Supply chains are increasingly making use of RFID (radio frequency identification) technology to track goods. RFID systems connect inventory items with tags that can be detected at distance via a radio frequency. This allows for simplified and highly efficient tracking of store merchandise, shipping pallets, and many other common inventory methods. With oracles, RFID data from the real world can be used to trigger a wide range of on-chain transactions, including the initiation of payment upon receipt of inventory at a warehouse, or autonomous insurance payouts for delayed shipments.

IoT Sensors

IoT sensors can be used to ensure that products in transit are properly maintained throughout the supply chain journey. Examples include keeping food at certain temperatures and sealing containers against tampering. Oracles can be used to create IoT integrations by connecting IoT sensors that trigger onchain events, such as payouts and issuing fines depending on whether or not the IoT data confirms quality control standards were adhered to as defined in the predefined purchase order.