The creators of 1Sheeld, a tool designed to connect smartphones to Arduino boards, have created something even more interesting. Their latest product, Elkrem, is a smart kit for creating IoT blockchain devices and has raised $ 250,000 from Endure Capital and Consensys to build the project.
The founders are Amr Saleh and Islam Mustafa has launched 1Sheeld at TechCrunch Disrupt 2013 and sold tens of thousands of units in 120 countries. Now they are building a new tool entirely based on blockchain.
"Elkrem is a Blockchain hardware development board that allows Blockchain developers to integrate Dapps with hardware prototypes in an easy way without having a thorough understanding of hardware development and also allows electronic engineers and hardware developers to connect Blockchain to their hardware projects without having a deep understanding of how Blockchain works, "said Saleh. "So both can activate actuators through smart contracts and record sensor data even on smart contracts."
The board is similar to an Arduino and has two processors, storage and WiFi model. A processor runs a specialized Linux variant with interfaces for Ethereum, IPFS, Swarm, Whisper, Bitcoin, Status.im and others.
"Our advantage is faster development, faster prototyping and faster start-up on the market," said Saleh. "The board allows you to send private and decentralized IoT messages via peer-to-peer communication"
What does all this mean? Basically it's a small board that makes it much easier to manage your Blockchain efforts. Use a library called Koyn to allow you to accept Bitcoin payments with a single line of code and have also created some interesting projects including a Bitcoin-enabled dessert machine and an electrical outlet that you can rent with Bitcoin. The team plans to go live on Kickstarter by the end of the year.