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IOTW

A Blockchain-Enabled IoT Data Platform

IOTW, a Big Data unifying system built on a native blockchain using Proof of Assignment (PoA) protocol, makes accessing data from a cross section of IoT devices and applications simple and efficient.

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Technology

Proof of Assignment

“Proof of Assignment” (POA) algorithm can be applied to different industries with a flexible blockchain reward system and instant transactions.Our system can achieve 3,000 TPS (transaction per second) for cross pacific transactions before any optimization. The overall network deployment cost is significantly lower than traditional blockchain solutions. PoA makes the network leaner and faster, hence more suitable for IoT devices.

Micro Mining

IOTW’s unique Micro Mining technology allows any IoT device to mine IOTW coins without hardware changes or additional costs. Electricity cost per device is only 0.5 USD annually.

Block Witnessing Protocol

“Block Witnessing Protocol” provides extra network security compared to traditional blockchain architecture. It does this by utilizing a witnessing pool, making the network smaller and holding hundreds times less copies of ledgers, while providing robust security, thereby significantly reducing the cost of the network. Moreover, the witness is strategically placed in high-security cloud servers to further enhance network integrity and the system can still operate even if more than 51% of the trusted nodes are attacked.

Application of IOTW Technologies

Mine and Earn Cryptocurrencies on Connected Devices

For both domestic and commercial applications – such as TVs, set-up box, air conditioners, cell phones, Apps, computers, LED lightings, logistics, RFID, QR Code and bar code readers.

High Instantaneous Throughput Payment Network for Value Transfer

Instant transactions at 3,000 TPS scalable up to 1 million TPS via clustering, interoperability and network advancements. On Average only 1- 1.5 second to process across the Pacific.

Decentralized E-commerce Platform

Connecting manufacturers with end users through targeted marketing channels designed for enterprises. End users can then sell their device usage data to manufacturers, research institutes, and other data analyzers. It reduces reliance on middlemen, centralized marketing channels and selling expenses.

Decentralized Data Hosting

Hosting of of Big Data is decentralized and more cost effective.

Cost-Effective IoT Interface Reference Design

A small Digital Power System (DPS) chip, embedded with Wifi and blockchain technologies, can convert non-IoT devices into IoT devices by simplifying the power system hardware, making cost lower than using traditional analog power systems in appliances.

IOTW Ecosystem

Our IOTW ecosystem directly connects the consumers and manufacturers through the blockchain, allowing each to profit from the efficient and controlled shared use of data.

Competitive Analysis

IOTW

IOTA

IOTex

Specific hardware/CPU required

General purpose

Must run on their own CPUs/boards

Mining

Instant transaction

Reward system flexibility

System construction costs

1/100s of norma

Expensive

Expensive

Security

High

Low

High/Medium

Mass deployment partner in semi- conductor, IoT hardware industry

Application

Decentralized E-commerce platform, Payment system, Big Data Collection, Other enterprise usages

Micro-transaction

IoT information exchange with privacy

Token Utility

Payment, Micro-transaction, Purchase of Big Data

Micro-transaction

Unclear

Press

Strategic Partners & Investors

Founders

Technical Team

Business Team

Advisors

Founders