SUIC and iDrink have completed the installation of one hundred units of iDrink IoT smart beverage vending machines in bars and restaurants in four smart cities in Taiwan: Taipei, Hsinchu, Taichung, and Kaohsiung.
Cities that are leading in both technological capabilities and local implementation, as Taiwan is highly ranked in taking the lead in “smart city” development.
SUIC and iDrink are taking advantage of the up-trend in the global demand for intelligent dispensing solutions in several industrial segments including public entertainment, theaters, fun zones, restaurants and retail outlets, pubs, KTV’s, hotels, supermarkets, corporate offices, hospitals, airports, cafeterias, etc. driven by modern urbanization and digitization in virtually everywhere in the Asia Pacific. iDrink IoT smart beverage vending machines adopt smart technologies, including its own Drink Coin crypto and iCloud cloud computing management system, that help these enterprises with iDrink IoT machine safety, augment for easy vending of their beverages, enhance customer engagement, and thereby drive sales and profitability.
Recent market studies show that the intelligent vending machine market is expected to exceed USD30 billion by 2024, and the food and beverages segment comprises the highest demand.
“iDrink IoT smart beverage vending machines, Drink Coin, and iCloud cloud computing management system form a flexible, economical, and resilient single network architecture, providing value to businesses and consumers.”
iDrink IoT machines sales are at an average of 20 to 40 cups daily per machine, each machine generating sales revenues of TWD60,000 to TWD120,000 per month, and these 100 machines are expected to provide gross profits of TWD 36 million to TWD 72 million each year.
iDrink Self-Service Food Ordering Machines, POS Systems.
SUIC and iDrink teams have developed a digital payment dedicated mobile app that transmits information using ultrasound as a technology protocol with multi-factor authorization and unique identifiers for faster-tokenized payments of iDrink IoT smart machines for seamless O2O user experience. Ultrasonic communication uses sound to transfer data and works with ~19 kHz frequencies.
At the same time, SUIC and iDrink own over twenty technologies and patents in 20 countries and regions. Thus, the iDrink IoT smart machines can be equipped for use as self-service food and drinks ordering machines in restaurants, bars and other places of business. This self-service app receives ultrasonic waves via customers’ mobile devices, phones, tablets, etc. The businesses, restaurants, shops, etc. do not have to purchase additional equipment to operate this iDrink Self-Service system app as this function can be programmed directly into the iDrink IoT smart machines. These enterprises could save on labor costs in the process, and at the same time, obtain customer data more efficiently and safely, eliminating security concerns and risks of data compromise.
The self-service market is valued at more than USD 24 billion in 2019 and is expected to reach USD 58.41 billion by the end of 2024, registering a CAGR of 16.43% during the forecast period 2019-2024.