AnApp IOTW – The Future of Blockchain in IOT

AnApp is attempting to solve PoW and PoS mining algorithms with an innovative “Proof of Assignment” protocol.

Let’s face a simple fact; blockchain solutions that exist today are struggling to implement the technology with internet connected devices, period.  Most existing blockchain platforms that have a significant reliance on the reliance of Proof of Work (PoW) and Proof of Stake (PoS) algorithms share a common problem; they are heavy weight and require large memory space.

Amongst millions of Internet-connected devices out there, when they connect and share data on these platforms, the data is not adequately utilized. First IOT devices require micro-transaction, which existing PoW solutions cannot provide. Second, most IoT devices only have limited computational power so they normally cannot run on traditional blockchain software that consumes a vast amount of power.

IOTW endeavors to resolve these bottlenecks and reward IOT devices for sharing data and engaging in micro-mining.

Why IOTW?

IOTW is the ICO that is poised to streamline the way blockchain technology is applied to IOT. Built by the stellar team at AnApp Blockchain Technologies limited, IOTW (IOT World) is an innovative blockchain solution that combines “Proof of Assignment” and “micro-mining” protocols to accelerate the implementation of blockchain applications on IOT devices.

Think of IOTW as a blockchain-based data economy that enables micro-transactions between machines, IOT devices, and service & parts providers.

Sounds great, right? But here’s more.

IOTW is trying to bring blockchain to IOT to make our lives easier. The revolutionary Proof of Assignment (PoA) and micro-mining algorithms do not require high computational power, which means a very little amount of electricity is consumed when mining. With Proof of Assignment, it is now possible to conduct “green mining” in a socially and environmentally responsible way.

In addition, the patented algorithms are highly secure and memory light with near zero add-on costs.  IOT devices that adopt IOTW blockchain will be able to enjoy instant transactions at low fees along with cutting energy costs.

And the best part is IOTW blockchain software will be free to download for all IOT devices.

Which devices need IOTW?

IOTW ecosystem is ideal for white goods (refrigerators, washing machines, air conditioners etc) and small electrical appliances. These devices will be able to leverage IOTW blockchain ecosystem to conduct intelligent sourcing for accessories, after sale services and product suppliers autonomously.  Even more interesting is that smart appliances will be able to utilize this technology to upgrade to autonomous appliances seamlessly.

How does IOTW blockchain ecosystem work?

When an IOT device like a refrigerator gets connected to the IOTW blockchain ecosystem, the device automatically monitors itself and requests services as needed. These devices collect big data such as energy consumption analysis, consumer behavior etc. which can then be traded on the blockchain.

Furthermore, the IOT devices can carry out micro-mining concurrently, and earn IOTW coins, helping their owners cut cost on electricity.

Upon becoming “smart” and IOT-enabled, the electrical appliance’s energy consumption rate can be reduced by applying artificial intelligence to optimize its usage.

Still, IOTW blockchain allows for seamless collaboration between small service and parts providers and manufacturers. In that case, IOTW provides a platform for these parties to work together to deliver innovative IOT products for the benefit of consumers.

This is the advent of the true internet of things decentralization. If being a part of how the IOT world will coexist with blockchain technology in the future is important to you, get involved with AnApp IOTW at www.iotw.io, today!

Useful Links

The post AnApp IOTW – The Future of Blockchain in IOT appeared first on Bitcoin Garden.

Komentar

Posting Komentar

Postingan populer dari blog ini

Transformation of education in post-industrial society

Gambar
Education has always been an expensive privilege; and the education sector has always been one of the most conservative. People chose profession once in their life and did not change it until retirement. Usually education meant studying at a university; self-taught people were rare. However, in the post-industrial society changes in the shape, sense and affordability of education finally began. According to Alvin Toffler, a well-known US sociologist, the emergence of the post-industrial society is a consequence of the intellectual revolution. The possession of knowledge and information will replace financial capital as the biggest value. Development of innovations, empowered by the most educated, will become the most important sector of economy. It means that high-quality affordable education will become even more important than now. The last time when the global education experienced a serious transformation was at the very beginning of the 21st century when the wide access to the I
Baca selengkapnya

Blockchain Supply Chain Forum will be held on January 10th in Hong Kong

Gambar
The concept of a blockchain – a distributed, tamper-proof and time-stamped database of transactions that can be managed without intermediaries – is highly attractive in the supply chain domain, and the industry has launched a number of proof-of-concept initiatives. However, awareness of how blockchains work and what they can accomplish for supply chain is still relatively low. The lack of knowledge is exacerbated by the fast pace at which the technology is evolving. A success Blockchain Supply Chain Forum was held on October 24th in Shanghai, professional blockchain organizer EventLinker and Global Supply Chain Council will organize the Blockchain Supply Chain Forum on January 10th in Hong Kong, it is the forum connecting blockchain experts, supply chain and logistics decision makers and tech innovators. This intimate gathering will explore how companies are investigating the use and deployment of the technology to help their supply chains in China. Organizer: EventLinker EventLin
Baca selengkapnya

After GDPR effect? In A Post Cookie World, Blockchain Is Rising

Gambar
The European General Data Protection Regulation (GDPR) was rolled out in May this year. It introduced far-reaching implications for companies which process personal data related to EU citizens. Even those far outside the EU could not fail to notice this change. Email inboxes were overflowing with opt-out reminders. Cookie banners now obscure many websites, forcing users to agree to a privacy policy so that they can browse the content on the site. Although the GDPR document itself clocks in at 88 pages, the majority of what it covers can be summed up in one word — consent. If companies are processing personal data, it must be done with the explicit, informed consent of the individual. For some forms of marketing, such as email subscriber lists, this involved minimal changes. Individuals already have to take the active step of providing their email addresses, and usually it is pretty clear why they are asked to do so. However, for the digital advertising industry, consent is far less
Baca selengkapnya