I can see not only pharmacological use of the Smart containers. The food industry could be positively affected as well. And many more. However I don't see it can be utilized in current life, I think 5 years should pass before we can start to adopt IoT fully.
Already we have many smart containers presently and how you are going to compete to those already existing in the market because already they are doing their best with the contracts they are doing. So how you are different from those?
There are a few reasons why SmartContainers is much better than existing market competitors. First of all, it should be noted that Smart Containers already have a running business with their hardware, we are simply trying to marry the blockchain with the hardware.
1. Our patented hardware has about a 0.1% temperature deviation. The market average is 8.5%, making our hardware more than 75x better than the industrial norm.
2. We are already recognized as the safest system in the market.
3. Finally, with the new venture into blockchain, we can decentralize many aspects of logistics. For example, around a hundred or more e-mails can be required in order to conduct one shipment. By automating the documentation through the blockchain, we believe that many tens of man hours can be saved per shipment which will in turn save a lot of money for companies.
4. Transparency. The IoT sensors within the containers will provide real-time information on key information such as temperature.
I hope that helps!