New disruptive blockchain technology. Proof of Assignment. IOTW: A cryptocurrency for IOT purchase, supply chain and after-sales services transactions.
IOTW’s a free software that can be downloaded and run by any smart and connected device (IoT device). No additional hardware and minimal electricity cost is needed. Once activated, it allows the device to join our IOTW blockchain ecosystem and start mining. You can spend the IOTW coins you mined later on our online outlet mall. Just download our software onto your IoT device and activate it and you are mining already. Simple and easy.
Their algorithm is called the “Proof of Assignment” and is a fair game for all IoT devices. Every device has an equal chance to get rewards. Mining rewards do not depend on computational power or how many coins you already own. Since each device has an equal chance, the more devices you have, the more rewards you get. So far most of the other IoT projects are not deployable in large quantities because of their demand for high computational power and high costs. But the IOTW blockchain software doesn’t need additional hardware, nor do we consume a lot of power. And it can run on very simple IoT devices, so IOTW is the true blockchain technology that can be deployed and adopted by the mass IoT market.
The IOTW blockchain aims to serve every corner of the world where there is an IoT device. Well some countries have laws forbidding the use of cryptocurrencies. For such countries we apologize that our services will not cover, so as to stay as a law-obeying corporate citizen.
|“|| Feb 2018: IOTW embedded DPS Chips for white goods and IOTW computing platforms minimum viable product up and running.
Mar 2018: IOTW blockchain and mining software pre-production.
ICO 3Q 2018 ICO + 6 mths: Blockchain release to production.
End customer platforms running.
ICO + 12 mths: Release simple version of big data collection, AI software to send proper requests of IOT devices (e.g. air-con) to services and parts providers.
Release IOTW Open SDK for embedded software developers to develop IOTW platform and mining IOT devices.
Release IOTW code for firmware upload to existing IOT devices such as smart TVs.
ICO + 18 mths: Release hardware and software using AI techniques to learn human behavior to optimize home appliances’ human servicing capabilities and reduce electricity bills.
Release initial DPS Chips to trigger fast adaptation of IOTW blockchain network in white goods.
Open-source IOTW outlet store software so that manufacturers can create their own internet outlet stores and service provider shops.
ICO + 24 mths: Release Machine search engine and more sophisticated AI software to push heavy adaptation.