The idea of smart cities is a very cool one, but up until recently it hasn't really seemed to be happening on a large scale -- that is until Samsung Electronics and SK Telecom teamed up. The two companies are aiming to create the world's first nationwide LoRaWAN-based network for commercial use in South Korea.
Standing for Long Range Wide-Area Network, Samsung Electronics and SK Telecom's LoRaWAN-based network will be a low-power, long-range, and low-bandwidth networking solution that will augment existing sensors currently blanketing the city. From renewable energy sources to medial purposes and electric vehicle infrastructures, the possibilities rendered by such an expansive network is exciting. South Korea has always been trailblazer in telecom deployments.
Expansive Smart City Plans
Samsung Electronics and SK Telecom to Create a Nationwide Network
Trend Themes
1. Smart Cities - Creating a nationwide LoRaWAN-based network for commercial use in South Korea is a disruptive innovation opportunity for companies looking to capitalize on the growing market of smart cities.
2. Lorawan-based Networking - Developing a low-power, long-range, and low-bandwidth networking solution like LoRaWAN opens up opportunities for businesses to create innovative IoT applications in various industries.
3. Telecom Deployments - With South Korea being a trailblazer in telecom deployments, businesses can explore partnerships and investments to tap into the country's advanced telecommunications infrastructure.
Industry Implications
1. Renewable Energy - The expansive smart city network provides disruptive innovation opportunities for the renewable energy industry to better manage and optimize energy generation and consumption.
2. Medical Technology - With a nationwide LoRaWAN-based network, the medical industry can explore innovative telehealth solutions, remote patient monitoring, and efficient healthcare services, creating disruptive innovation opportunities.
3. Electric Vehicle Infrastructure - The LoRaWAN-based network in South Korea opens up disruptive innovation opportunities for the electric vehicle industry to develop smart charging infrastructure, vehicle-to-grid solutions, and advanced fleet management systems.