Leveraging IoT and Blockchain Technology
Ahoy is a next-generation peer-to-peer ecosystem designed for the ownership economy of the marine industry , setting the standard for marine-based Web3 utilization . Web3 is a set of values and technical applications that define a new era of the World Wide Web . Prime Web3 examples include ubiquity , decentralization , artificial intelligence , IoT , connectivity , blockchain technologies , and token-based economics .
For boat enthusiasts , the traditional barriers to entry are immense . To properly enjoy it , newcomers must first overcome a steep learning curve and then eat huge ongoing costs . Ahoy is removing these traditional barriers , standardizing business systems , and creating opportunities for engagement across the entire boating ecosystem . Furthermore , Ahoy can dramatically drop the costs of an initial boat purchase and give control over personal data back to the user . In doing so , Ahoy hopes to better the overall boating experience for everyone .
By utilizing the decentralized architectures as discussed in the following subsections , Ahoy can reduce costs and friction in risk management processes for nautical vessels . The ecosystem offers weather data-capturing oracle solutions for boats to initiate claims through smart contracts that account for maritime weather conditions in real-time , via IoT , which will ensure voyages and modernize predictive logs .
78 April 2023