ISO/IEC 30163:2021

ISO/IEC 30163
Edition 1.0 2021-03
INTERNATIONAL
STANDARD
colour
inside
Internet of Things (IoT) – System requirements of IoT and sensor network
technology-based integrated platform for chattel asset monitoring

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ISO/IEC 30163
Edition 1.0 2021-03
INTERNATIONAL
STANDARD
colour
inside
Internet of Things (IoT) – System requirements of IoT and sensor network

technology-based integrated platform for chattel asset monitoring

INTERNATIONAL
ELECTROTECHNICAL
COMMISSION
ICS 35.020; 35.240.40 ISBN 978-2-8322-9442-0

– 2 – ISO/IEC 30163:2021  ISO/IEC 2021
CONTENTS
FOREWORD . 3
INTRODUCTION . 4
1 Scope . 5
2 Normative references . 5
3 Terms and definitions . 5
4 Abbreviated terms . 5
5 Motivation . 5
6 System infrastructure description of the integrated IoT/SN system . 6
7 System requirements of the IoT/SN technology-based integrated platform . 8
7.1 General system functional requirements for the integrated platform . 8
7.1.1 General . 8
7.1.2 Functional requirements for the entities in UD . 8
7.1.3 Functional requirements for the entities in OMD . 8
7.1.4 Functional requirements for the entities in ASD . 9
7.1.5 Functional requirements for the entities in the ACD . 10
7.1.6 Functional requirements for the entities in the SCD . 10
7.2 General system performance requirements for the integrated platform . 11
7.2.1 General . 11
7.2.2 Performance requirements for the entities in the UD, OMD, ASD, and
ACD . 12
7.2.3 Performance requirements for the entities in the SCD while in
warehouse . 14
7.2.4 Performance requirements for the entities in the SCD while in transit . 15
8 System interface descriptions between the entities . 16
Bibliography . 20

Figure 1 – Involved parties and their relationships in chattel mortgage financial
services . 6
Figure 2 – System infrastructure of the IoT/SN integrated system . 7

Table 1 – Performance requirements of weight sensing . 14
Table 2 – Performance requirements of position sensing . 14
Table 3 – Performance requirements of contour sensing . 14
Table 4 – Performance requirements of video sensing . 15
Table 5 – Performance requirements of unauthorized access or intruder detection . 15
Table 6 – Performance requirements of gateway in warehouse . 15
Table 7 – Performance requirements of in-transit movement sensing . 15
Table 8 – Performance requirements of gateway in transit . 16
Table 9 – Interface description . 16

INTERNET OF THINGS (IoT) –
SYSTEM REQUIREMENTS OF IOT AND SENSOR NETWORK
TECHNOLOGY-BASED INTEGRATED PLATFORM
FOR CHATTEL ASSET MONITORING
FOREWORD
1) ISO (the International Organization for Standardization) and IEC (the International Electrotechnical Commission)
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patent rights. IEC and ISO shall not be held responsible for identifying any or all such patent rights.
International Standard ISO/IEC 30163 was prepared by subcommittee 41: Internet of Things
and related technologies, of ISO/IEC Joint Technical Committee 1: Information technology.
The text of this International Standard is based on the following documents:
FDIS Report on voting
JTC1-SC41/189/FDIS JTC1-SC41/204/RVD

Full information on the voting for the approval of this International Standard can be found in
the report on voting indicated in the above table.
This document has been drafted in accordance with the ISO/IEC Directives, Part 2.

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– 4 – ISO/IEC 30163:2021  ISO/IEC 2021
INTRODUCTION
In traditional chattel mortgage processes, the financial industry lacks standardized
management for accessing chattel assets' information, assessing them and sharing the asset
and mortgage information among stakeholders such as financial institutions. Furthermore,
there is no standardized chattel asset monitoring and tracking (or no monitoring at all) which
can quantify and validate chattel assets used as mortgage for loan applications. Even worse,
some bad actors commit fraudulent activities by taking advantage of loopholes (i.e. no
monitoring and lack of shared information), which damages both the financial and the chattel
asset industries.
To resolve and avoid the unnecessary high risks borne by both financial and the chattel asset
industries, sensor network (SN) and IoT technologies are highly applicable to real-time
monitoring and tracking of stored and mobile chattel assets, although such kinds of
technologies were not available in the past. However, no single SN or IoT technology will
satisfy the entirety of chattel asset monitoring and tracking that can be accepted by
stakeholders, especially the financial institution stakeholders. It will be an integrated system
of multiple SN and IoT technologies, which will satisfy the requirements of the stakeholders.
By standardizing the system requirements of the integrated IoT/SN system, the real-time, on-
demand, continual mobile asset monitoring and tracking can be achieved, for example, to
verify the chattel assets' physical characteristics (weight, volume, location, etc.) during
storage and in transit, to evaluate the chattel assets' true and actual market values, to
validate the legitimacy of the chattel assets, etc.
This document promotes the development of the integrated IoT/SN platform for chattel asset
mortgage management, which enables on-demand, real-time, continual chattel asset
monitoring and tracking with verification, quantification, evaluation, and validation. This
standardized integrated platform prevents fraudulent activities, protecting the chattel assets
owned by the mobile asset industry and reducing unnecessary high risks borne by the
financial institution. Furthermore, this document fills the gap between financial systems and
the integrated platform utilizing the SN and IoT technologies.

INTERNET OF THINGS (IoT) –
SYSTEM REQUIREMENTS OF IOT AND SENSOR NETWORK
TECHNOLOGY-BASED INTEGRATED PLATFORM
FOR CHATTEL ASSET MONITORING
1 Scope
This document specifies the system requirements of an Internet of Things (IoT) and Sensor
Network (SN) technology-based platform for chattel asset monitoring supporting financial
services, including:
– system infrastructure that describes functional components;
– system and functional requirements during the entire chattel asset management process,
including chattel assets in transition, in/out of warehouse, storage, mortgage, etc.;
– performance requirements and performance specifications of each functional component;
– interface definition of the integrated platform system.
This document is applicable to the design and development of IoT/SN system for chattel asset
monitoring supporting financial services.
2 Normative references
There are no normative reference
...