IOTW

A Scalable Blockchain - Proof of Assignment Protocol

A highly secure IoT ecosystem that enables instant transaction, and green micro-mining from any connected device without any extra hardware and no additional cost.

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Technology

Proof of Assignment

“Proof of Assignment” (POA) algorithm that can be applied to different industries with a flexible blockchain reward system and instant transactions. 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.

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.

Application of IOTW Technologiess

Multi-Layer Protocol to Enable Micro-Mining 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.

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.

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

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