IoT Market Boom & Key Applications in Transportation, Healthcare & Agriculture

The Internet of Things (IoT) connects any object via RFID, sensors, GPS, etc., to enable identification, positioning, monitoring and management. It is the new infrastructure of the digital economy and the foundation of industry digitalization.

Market Scale (China)

• 2019: 5.5 billion connections (+75.6 % YoY)

• Expected 2023: ~15 billion connections
  Industrial IoT will drive most future growth.

Major Application Areas

Transportation (Smart Mobility)

• Shared bikes (GPS/NB-IoT locks)

• Smart buses & scheduling

• Connected vehicles (real-time diagnostics, fleet management)

• Adaptive traffic lights (radar-based dynamic control)

• Smart parking (geomagnetic + camera + app payment)

Agriculture (Smart Farming)

• Environmental monitoring (temperature, humidity, soil, CO₂)

• Automated greenhouse control (irrigation, ventilation, curtains)

• Precision irrigation & standardized production

Healthcare (Smart Medicine)

• Patient/staff tracking & infant anti-theft

• Intelligent clinical workflows (online registration, remote pathology, real-time billing)

• Supply-chain traceability (drugs, blood, devices)

• Medical waste management

• Remote & self-service health monitoring

Industry Trend

Explosive growth of IoT data → urgent need for secure data sharing and value mining.
Privacy-preserving computation + blockchain is becoming the key solution:

• Privacy computing enables “available but invisible” data collaboration

• Blockchain guarantees authenticity and traceability

Driven by cross-industry data trading and collaboration, the integration of IoT + Privacy Computing + Blockchain will rapidly penetrate every vertical in the coming years.