Dallas-based Oaken Innovations created Oaken, a secure blockchain platform for IoT that powers smart cities.
Industry
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Company Type
For Profit
IPO status
Private
Description
Oaken's platform offers blockchain solutions for device identity, ownership, lease agreements, insurance, and taxes. They collaborate with companies like Toyota Research Institute and organizations like the Texas Department of Transportation to provide services such as car sharing, vehicle identity, and toll payment through RFID, the Ethereum blockchain, and IPFS. Oaken's platform uses Nodejs to interact with machine hardware and ensures security through Secure Elements in each application.