Still at seed stage, Cometa is a proof of concept of NFTs, cryptocurrency and smart-contracts for
pay-per-use business models.
Cometa is targeting IoT and industrial IoT devices such as robots and autonomous systems, as well as renewable and energy efficient systems in distributed generation, commercial heating, refrigeration, and LED lighting.
Examples of pay-per-use business models include cooling-as-a-service for air conditioning and commercial refrigeration, work produced by industrial robotic systems, illumination by commercial LED lighting, mobility by electric vehicles, energy generated by DER.
Pay-per-use business models for industrial and commercial devices provide incentives and motivation for manufacturers to design and make more durable products that are easy to maintain, are energy and have a longer life, with components that are easy to recycle and spare parts promptly available.
From the user side, there are advantages in adopting newer and more energy efficient products that have lower costs to adoption.
Every device is tokenized as an NFT in the blockchain and usage is tracked in the NFT by firmware in the secure hardware module of the product that measures performance, and with dedicated blockchain transactions sent by the hardware module to the blockchain at regular intervals.
For device with energy as unit of consumption, an oracle brings into the blockchain readings from smart-meters.
Pay-per-use service contracts in Cometa are based on the ability to measure and
track product performance and are implemented as software in the blockchain which provides the
decentralized, scalable, and secure infrastructure for trustless interactions.
As a result of acquired product performance, the service contract automatically performs all the payments in the blockchain automatically and in a transparent, secure way.