Consumer demand for healthier, more sustainable and personalised products is creating a huge opportunity to innovate for fast moving consumer goods (FMCG) companies. This is especially true when paired with other changes, such as the millennial influence and the opportunity to enhance and amplify aspects of the experience journey.
As well as creating inventions for FMCG companies, Iprova has also innovated for companies in other sectors who want to launch products and services which are relevant to FMCG consumers.
Iprova worked with a leading technology company that wanted to develop technologies and new products to bring benefits to consumers based on the growing convergence between IoT devices and FMCG and related areas. Our inventions have lead to over 20 patent filings in this and related areas which drive consumer benefits by enhancing the quality of their interactions with FMCG.
Patents based on our inventions in the IoT and related areas have been cited by companies including Cisco, Microsoft, Apple and Google.
The distributed ledger required for blockchain may be maintained by multiple electronic nodes, each of which include multiple blocks. A block can be added to the distributed ledger based on a mining process by at least some of the electronic nodes. When the electronic nodes include IoT devices they must, however, work in environments in which very little power is available and which necessarily, therefore, have very limited hardware resources such as memory.
This invention enables distributed ledgers to be maintained by multiple IoT devices by compressing the data of the block to be added to the distributed ledger – thus reducing memory and power requirements.
Patent: US10846281 (B2) Electronic node and method for maintaining a distributed ledger