IOTW

A cryptocurrency for IOT purchase, supply chain, and after-sales services transactions.

We are building up a global blockchain transaction ecosystem to accommodate the whole value chain of electrical appliances. We will begin with household white goods and gradually expand to industrial appliances, from raw materials procurement, sales, to after sales services such as repairs and maintenance and replacement of spare parts and consumables. All Transactions and mining on our protocol will be conducted using our IOTW coins.

We have invented a new way of mining, the Proof of Assignment method that would require significantly less computational power, such that ordinary electrical appliances can mine IOTW coins without significantly increasing their electricity bills like traditional mining activities do. Such “micro-mining” activity would not need highly priced processors.Technological details of the “Proof of Assignment” algorithm and “micro-mining” architecture will be disclosed in a yellow paper expected to be published in June this year. Our blockchain software will be open-SDK, so that any smart and connected device can load our blockchain app and join our blockchain ecosystem. We would encourage everyday micromining activities to take place through simple IOT machines, so that mining will no longer be the exclusive activities of a small and rich community in the world. Every household in the world can join and enjoy mining activities.

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Fred Leung, FOUNDER, DIRECTOR & CEO - https://www.linkedin.com/in/fred-leung-560770/

White paper

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Website

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