Blockchain technology is still not within reach of the average household.
Put micro-mining function into IOT devices such as TV, cell phone, PC, white goods, Ecar, etc. without adding hardware costs. Blockchain rewards go to common people instead of professional mining farms.
IOTW ecosystem is developed with an open SDK solution. Any connected devices will be able to download our software through firmware upgrades to join the IOTW ecosystem.
Once the device is turned on and connected, the owners of those IoT devices will enjoy the benefits of mining. The IOTW blockchain ecosystem will collect individual device data and data about energy consumption for smart city planning and energy saving.
IoT device owners will be rewarded with IOTW coins which the devices can use to call up services or spare parts. The owners can also use the IOTW coins to buy goods, services and media content in an open market.
IOTW ecosystem is developed with an open SDK solution. Any connected devices will be able to download our software through firmware upgrades to join the IOTW ecosystem.
Once the device is turned on and connected, the owners of those IoT devices will enjoy the benefits of mining. The IOTW blockchain ecosystem will collect individual device data and data about energy consumption for smart city planning and energy saving.
IoT device owners will be rewarded with IOTW coins which the devices can use to call up services or spare parts. The owners can also use the IOTW coins to buy goods, services and media content in an open market.
| IOTW | IOTA | ITC (IOT Chain) | SSP (Smart Share) | |
|---|---|---|---|---|
| Mining method | Proof of assignment | N/A | N/A | Proof of work |
| Required processor & electric power | Extremely low | N/A | N/A | Very high |
| Additional hardware costs | None or lower if using DPS chip | Need computer board | Low | Very high. Integrated in a mining machine |
| Transaction speed | Instant | Instant | Instant | Very slow |
| Chain structure | Blockchain decentralized database | DAG | DAG | Blockchain |
| Use of tokens | Purchases of specific data and big data, goods and services, micro transactions | Micro transactions | Purchases of big data | Purchases of goods and services |
| IOT applications | All normal consumer and industrial IOT devices | In microcomputers | IOT devices | Air Purifiers |
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The information contained in this website aims to give you an overview of IOTW and is for general information purposes only. It does not constitute nor intend to invite an offer of IOTW. Since this is an overview, it may not contain all the information that may be important to you - we recommend reading the whitepaper before you decide any course of action in regards to IOTW. If you are in any doubt as to any aspect of this website, you should consult your professional adviser.