AnApp Blockchain Technologies Limited

IOTW Ecosystem

New disruptive blockchain technology. Proof of Assignment.
IOTW: A cryptocurrency for IOT purchase, supply chain and after-sales services transactions.


The Problem

Blockchain technology is still not within reach of the average household.


Our Solution

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.

How will the IOTW ecosystem work

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.

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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.

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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.

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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.

Design Highlights

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IoT devices as mining machines

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No add-on material cost for IoT devices to do mining

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Enable existing IOT devices to mine through firmware update

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New Proof of Assignment method enables Green mining, micro-transactions and instant transactions

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Open SDK for developers

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API and wallet interface to allow service providers of any side to promote and advertise their services to the IOT devices owner

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Allows small services providers and manufacturers to work together via an open market, allowing IoT devices to call for services on their own, when needed.

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IOTW blockchain will collect big data. Allowing global, city-wide, and district-wide energy saving optimization

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IOTW will have AI to optimize household comfort and reduce energy bills

Why is the IOTW ecosystem technology better

The IOTW ecosystem is based on a patented mining algorithm called “Proof of Assignment”

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Does not require high computational power for mining like Proof of work

security

Very secure

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Instant transaction

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Node mining capability does not depend on how many tokens the node has

Competitive Analysis

Estimated IOTW ICO market cap at ETH = $748 USD : $182M USD
Market cap for IOTA = $6.8B on May 9th 2018
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

Partners

Bortex

Hong Kong Listed (Stock code: 08118)

iKeyHome Technologies Inc.

www.ikeyhome.com

MOTEK Limited

One-stop BLDC solutions integrator

Remotec

www.remotec.com.hk

Semiconductor

www.gvsemiconductor.com

BITGIANT

Strategic Investors

G2H2

Stanford University Connected crypto investment funds
www.g2h2.capital

Point 95 Global

Digital asset management company
www.p95g.com

Important Notice

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.