Blackberry is now working on to win back the confidence of its investors. The company has unveiled the first part of its plan to design a platform that connects the shipping container and vehicles via Internet of Things (IoT).

Blackberry said in a statement today that the IoT pulls the company’s device-management technology and its QNX OS together and has already embedded 50 million vehicles.

Chief executive officer John Chen is diversifying the Waterloo, Ontario-based company after its share of the global Smartphone market fell to less than 1 percent. The IoT which actually refers to the web-connectivity of everyday electronics will surely be a major source of growth in the future. Chen said last month.

“As to when it’s going to shore up the top line, it’s probably going to take a little while but it’s not going to be a long while,” Chen said today in an interview on CNBC. The platform is going through trials at hospitals, connecting medical devices, he said.

The shares dropped 0.5 percent to $10.57 at 1:57 p.m. in New York. They rose 48 percent last year.

Companies that will be using this platform could be able to keep the track record of vehicles running BlackBerry’s software and can also measure the usage of AC, media content and even the position of seat and steering, according to BlackBerry’s website.

The system can also be used to keep the track record of the specific shipping containers or pallets fitted with transmitting devices to help organize supply chains.