Jasper Tan Jian Ming, team leader and solution architect from Team Quartz, the champion at Web 3.0 Hackathon, has a close affinity with data. Being in the IoT industry for the past five years, he says that he felt “a gradual shift in the type of data that is in demand.”

“Volumetric data such as a higher number of data points or a higher sampling rate used to be key,” he explains. “But that has changed in recent times. The value of data and data veracity are becoming increasingly important for stakeholders. I think blockchain has a unique proposition here.”

His project – Quartz – addresses the issue of data veracity for the fast-growing IoT industry, where a significant portion of data verification is still performed manually. Quartz incorporates a wide range of technologies – edge computing, device management, containerization, and smart contracts – to deliver an end-to-end solution for IoT data delivery. The solution introduces efficacy in some of the most data sensitive domains such as regulatory compliance and certification, facilitating investor confidence as well.

Wide applicability

Team Quartz believes that their solution can be applicable to any IoT usage or situation. “Yes, that is the plan, and we are confident of achieving it. IoT and big data will always be horizontally spread across multiple domains.”

Team Quartz’s experience with various verticals – smart buildings, utilities, transportation and maritime – bolsters their confidence in the wide applicability of their solution. “While each industry has its own sets of unique issues, we have identified common core features relevant across the board,” he says.

He adds: “For example, when it comes to green financing, being able to autonomously influence the trust factor of a particular deployment has immediate monetary impact, both to the lender and borrower. This is surely a step in the right direction, and I believe this will, to a huge extent, accelerate the process of loan reviews and encourage more asset digitalization.”

Rollout plans

Team Quartz plans to roll out the solution in an agile manner, through industry-specific iterations. Starting with a closed beta test in Q3 of this 2022, they aim to go to market by Q1 of 2023, with all or most of its core features in place.

Jasper says that the most important validation will come from actual users. As such, he is looking forward to the live, on-the-ground feedback that he is expecting to receive during the beta tests. The team has already received interest from some partners who are ready to a trial run in their environment, to evaluate the solution.

However, given that it’s still early days, Jasper is also tempering his optimism: “There are many intricacies and difficulties, especially with a significant portion of inputs that is near impossible to digitalize and track. Hence, I would not pretend that the solution would be a miracle pill to the issues at hand.”

On Web 3.0 Hackathon

Jasper believes that events such as Web 3.0 Hackathon, go a long way in encouraging innovation. “I am a firm believer that ideas and talents are nurtured through empowerment,” he said. “It is important to give people with aspirations the opportunity, support and freedom to showcase themselves and learn from the experience.”

He added: “The openness of this event especially, has allowed a lot of room for innovation and creative thinking amongst all the builders. I would like to give a huge shoutout to the rest of the participants as well – I saw tons of interesting ideas during their presentations, and it was an eye-opening experience to me in terms of the possibilities of Web 3.0.”

Core Members of Team Quartz:

• Jasper Tan Jian Ming – Team leader, solution architect
• John Nguyen Ahn Chuan – Backend and embedded system designer
• Li Chenxi – Smart contract developer