Internet of Things Current Affairs - 2019
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Steel Authority of India Ltd (SAIL) has launched smart garbage bins made of stainless steel which integrates technology for smart waste management.
Smart Garbage Bins
- The Smart Garbage Bins will send signals to the garbage collection vehicle about the ‘fill-up’ position of the bin. This provides for better cleaning and lower human intervention.
- These Smart Garbage Bins made up of SAIL SALEM stainless steel will be installed in underground Reinforced Cement Concrete (RCC) pits at the Smart Garbage Station. This will help prevent the spread of stink and diseases.
- There will be separate bins for recyclable and non-recyclable wastes. The pits will be covered with a pit cover fabricated out of stainless steel slip-free sheets. Suitable openings on the pit cover will be provided to allow the sanitation crew to dump the collected garbage into the stainless steel bins placed underground.
- IOT (Internet of Things) enabled Gazelle sensors on the pit cover will transmit signals to the collection vehicle about the “fill-up” position.
- Compactor will lift the stainless steel bins from the underground pits and empty the garbage into the compactor vehicle.
Initially, these Smart Garbage Bins will be placed at one each at Kamala Nagar in North and BhikajiCama Place in South Delhi. SAIL is looking for other municipalities as well as metro cities to take this initiative further. SAIL is looking to take up production of stainless steel garbage bins on a commercial scale depending upon the response.
The central banks of the UAE and Saudi Arabia will launch a common digital currency called Aber. Aber will be used for financial settlements between the two countries through Blockchains and Distributed Ledgers technologies.
Benefits of the Digital Currency
The digital currency would be launched to explore the following benefits:
- The digital currency would aid in studying the impact on the improvement and reduction of remittance costs and the assessments of risks.
- Aber will establish an additional means for the central financial transfer systems of the two countries and enable banks to directly deal with each other in conducting financial remittances.
Initially, the use of the digital currency will be restricted to a limited number of banks. By studying the various technical, economic and legal requirements, the use of the digital currency would be expanded.
Digital Currency Aber relies on the use of a distributed database between the central banks and the participating banks from both sides. Digital Currency is part of the efforts to adopt new technologies like Blockchain, Artificial Intelligence, Internet of Things, etc., in line with the Fourth Industrial Revolution that is reshaping governments and corporates around the world.