March 27, 2019 – Smart Riyal Technology Pte. Ltd, a technological based company and proud owner of CryptoRiyal announces the CryptoRiyal project, which is an ambitious work that involves a variety of sub projects with the aim to revolutionize the use of Artificial Intelligence and technology in designing the modern Smart Cities. The SmartRiyal platform and the CryptoRiyal token are innovative means of trade, payment and the underpinnings of technological advances especially developed to fulfil the needs of the businesses and residents of any Smart City.
The CryptoRiyal platform will integrate with IoT devices, sensors and different data aggregators to capture data. The platform will calculate the CryptoRiyal token reward amounts through an “oracle”. This will leverage the current standard IoT hardware and data centre infrastructure and create a proof of validation of the data.
CryptoRiyal tokens can be transferred from one electronic wallet to another, kept and saved or converted into fiat money or to other crypto-currencies on the SmartRiyal platform. SmartRiyal is built to enable fiat-to-crypto, crypto-to-crypto and data-to-crypto transfers based off the Ethereum Blockchain. It is a platform that can be accessed by anyone, everywhere and presents the ultimate solution for avoiding time-consuming face-to-face meetings for money transfers, expensive money transfers via banks and money transfer agencies or trust issues, due to the smart contract implemented in the system and the fully protected encryption method of the Blockchain.
SmartRiyal platform is based on the CryptoRiyal token that manages the transfers of tokens between wallets of users, investors and companies that operate in every sector that will be present in Smart Cities. The platform offers multiple technical elements that will support the full automation of services and operations of the city, in particular in its defined priority sectors.
Within the CryptoRiyal network, business and consumer devices are incentivized to provide compute assistance to cloud, fog, and other compute nodes in return for CryptoRiyal Token. As a result, devices become interdependent, and the utility of the CryptoRiyal Token would be closely linked with the compute needs of the network. As the network grows and devices are added and further linked, linked devices, mining, and CryptoRiyal Token would reach a network effect of mutual growth.
Furthermore, SmartRiyal leverages advanced Artificial Intelligence and Machine Learning algorithms to collect, process and learn from data which users transmit and to generate real time recommendations to them in every sector relating to business and technological activities. The CryptoRiyal token supports all the financial requirements that are derived from the futuristic vision and characteristics of Smart Cities and provides the state-of-the-art technological solution for all target sectors, as well as to any other financial, economic or business needs.
For more information, please visit https://www.cryptoriyal.io