All Smart City services are delivered through technology platforms. From a technology perspective, a global trend is clearly underway — namely, the progressive integration of all services into technology platforms. Of the wide range of platforms in the global digital marketplace, the mobility platform boasts the most complex technology. The mobility platform provides the foundational technology layer for integrating all user-centered services, thus becoming the hub of service delivery.

Challenges of the Smart City Digital Ecosystem

Today’s great challenge for Smart Cities is developing a “meta-platform” capable of integrating IoT devices, connectivity, data, and apps providing core and value-added services. Around the world, integration is emerging as a new paradigm not only in technology but in business and governance; and interoperability must become a standardized practice in the public and private sectors.

Achieving full interoperability is therefore critical to overcoming fragmentation among several functional areas (Smart Governance, Smart Education, Smart Energy, Smart Infrastructure, Smart Mobility, Smart Healthcare, Smart Buildings, Smart Technology, and others) in the global Smart City market. Interoperability requires open and shared standards.

Energy Insurance

The insurance sector plays a key role in climate adaptation and building climate resilience through promoting climate mitigation and incentivizing green behaviors. This can range from asset management and underwriting to supporting clean technologies and climate-friendly operational changes.

Current global climate and environmental emergencies are pushing regulatory frameworks, business models, and marketing toward standardizing units of measurement. In this global framework, the carbon footprint is emerging as the standard global unit of measurement for a net-zero society.

Carbon footprint measurement is beginning to appear in companies’ reports on their environmental, social, and governance (ESG) activities. This data may also be required for B Corp, ISO, and GHG certifications, eco-labeling, participation in carbon markets, and carbon tax calculations.

MOVENS and wefox

One global leader bringing the insurance industry into the digital age is German-based insurtech firm wefox, which developed a new approach to revolutionizing insurance, focused on consumer empowerment and prioritizing solutions for secure data-driven experiences. wefox has developed an insurance platform that leverages data from energy consumption to determine what appliances are in use, enabling innovative and precise coverage for users.

wefox adopted MOVENS technology developed by Henshin Group. MOVENS is a cloud-agnostic IoT platform designed to be the Integration Hub for the Smart City, connecting all layers and related entities involved in the Smart City ecosystem.

The microservice architecture of the wefox platform can cover not only households but also small and medium-sized enterprises and offices by processing the infinite streams of data from MOVENS.

In fact, by reading data and energy curves from machinery and household appliances, wefox can design insurance coverages that cover these risks and any possible damages. This can ultimately help companies avoid breakdowns and business interruptions in addition to helping families keep their disposable income. In addition, to encourage the adoption of environmentally friendly practices, wefox offers insurance coverages that reward sustainable behaviors. More specifically, by collecting data that show evidence of sustainable driving behavior, wefox can offer rewards and incentives in collaboration with other partners to promote risk-averse behaviors and foster loyalty among customers. This, in turn, can result in lower premiums and higher cost savings.

Henshin and MOBI

MOVENS platform is evolving according to the global standards set by MOBI. Its high-level microservice abstraction architecture enables the integration of all layers involved in the Smart City ecosystem and encourages the implementation of cutting-edge technology for each layer. The platform thus provides the foundational technology layer for integrating all user-centered services.

MOVENS technology currently includes verticals in the Mobility, Energy, and Insurance sectors. The platform speeds up value creation through an open innovation model, supporting the energy transition.

Henshin joined MOBI for a simple reason: to be part of the global innovation ecosystem and to have the chance to collaborate with other valuable members and their breakthrough technologies. Collaboration is key to driving persistent innovation and accelerating the evolution of the MOVENS platform as the technological infrastructure for the implementation of Smart City initiatives, starting with the integration between mobility and energy sectors.

Henshin is a member of the DRIVES Program and has contributed to the release of two recent standards: the Battery SOH (State of Health) Standard and Rechargeable Battery Identification Number (BIN).

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