Standards Development

Scope

This document describes IoT physical and functional components for seized asset management to support the needs of the stakeholders, and specifies general requirements for each component of IoT system including data sensing, edge computing, management platform, and applications for clients.

Purpose

The concept of seized asset management involves overseeing assets that are under a sealing state. This can include variety of properties such as houses, apartments, vehicles, and enterprise equipment with raw material, machinery, products, and transportation vehicles. Seized asset management is vital for asset holders and supervisor responsible for asset oversight. Traditionally, seized asset management ha s relied on paper seals or manual supervision for enforcement, which often results in seized assets are not beingeffectively regulated, utilized, or disposed of in real time. The Internet of Things provides a valuable solution for real-time sealing management and asset disposition.

The advantages of IoT-based seized asset management are numerous. Firstly, an IoT system collects real - time data on seized assets. The information such as video and figure surround the asset or about the characteristics of the asset is sensed and sent to t he platform periodically. The operation data for the seized enterprises are collected, including the number of material counts, energy consumption, daily output of products, etc... which combines with the operation model of factory to figure out the real pro duction for enterprise. Secondly, the asset is more effectively monitored, checked, and managed according with real - time data. IoT system sends alarms to the users and helps to make assistant decisions when the abnormal conditions are detected. For example, if the asset is destroyed or the asset count decreases, the supervisor responsible for monitoring the asset receives an alert through the IoT system and can take appropriate action. Lastly, IoT-based seized asset management is more precise and does not i nterfere with the original operating processes.

In essence, assets are actively sealed using IoT technologies. Seized assets remain accessible and seized enterprises continue to be productive, while the disposal of assets becomes more flexible. On one hand, this enhances the value of the asset and improves the efficiency of its evaluation and disposal. On the other hand, real-time IoT monitoring for seized asset management advances the application of digitization and intelligence in this field. More and more countries are adopting IoT technologies to mon itor and manage their seized assets.

As recommended in Resolution 486 of the 14th SC41 meeting in Seoul, Korea, the New Work Item on “IoT - based asset seizure management” was adopted (refer to Document: SC41N2495). A detailed survey of relevant standards developed by ISO/IEC JTC1/SC 31, ISO TC 251 and ISO TC 104, has been conducted, yielding the following results:

- ISO/IEC JTC1/SC 31 focuses on the standardization of processes for automatic identification and data capture, including data formats, structures, and encoding, for use in international business and mobile applications. This New Work Item (NWI) does not encompass these technologies, as it aims to develop an IoT system with various sensing technologies to collect data on the seized object, such as location, movement, weight, and video. Therefore, the content of this NWI falls outside the scope of ISO/IEC JT C1/SC 31.

- ISO TC 251 standardizes asset management from a business perspective, coordinating financial, operational, maintenance, and risk activities to realize greater value from assets. This proposed work does not overlap with the standards associated with ISO T C 251, as it is not focused on the business side of asset management but rather the technical aspects.

- ISO TC 104 standardizes terminology, specifications, and test methods for freight containers. The ISO 18185 series, published by ISO TC 104, specifies a read -only, non-reusable freight container seal identification system based on RFID technology. This N WI, however, does not include these specific technologies and instead aims to develop an IoT system with varied sensing technologies to collect data on seized objects. Thus, there is no overlap with the work of ISO TC 104.

- ISO/IEC JTC1/SC41/WG5 standardizes the IoT applications. ISO/IEC 30163:2021 specifies the system requirements of an Internet of Things (IoT) and Sensor Network (SN) technology -based platform for chattel asset monitoring supporting financial services. This NWI provide specialized IoT system for seized asset management supporting relevant stakeholders including supervisor, applicant and maintainer, and doesn’t include the functions, device and interfaces of IoT system for chattel asset monitoring in financi al services. Thus, there is no overlap with the project of ISO/IEC 30163:2021.

This document proposes the use of IoT for seized asset management to improve the interoperability among IoT devices and platforms in the application, facilitating data share and cooperation among stakeholders in the ecosystem. It expands the concept of ind ustry innovation into more IoT application sectors to enhance transparency and efficiency in management, increase asset, and protect the rights of involved stakeholders.