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MissionTo Develop an IoT Blockchain protocol using proof of assignment to integrate IoT devices with Blockchain such that a decentralized network of IoT applications and data exchange can be established. The ProblemCurrent consensus systems such as Proof of Work or Proof of Stake have drawbacks that make them difficult for adaptation to IoT devices. For…

The majority of Internet of Things (IoT) devices are deployed in a central- ized way as of today, though decentralized in nature. Many problems have been exposed: scalability, high operating cost, privacy concerns, security risks, and lack of functional values. Blockchain, decentralization by design, could be a good solution to these problems. First, blockchain is…

IoT Chain White paper introduction What is IoT?Based on the internet, traditional telecommunication network and other information carriers, IoT (Internet of Things) is the network that enables interconnection between all ordinary physical objects which can be located independently. IoT has three key features: the equalization of ordinary objects, interconnection of automatic‐management terminals and intellectualization of…

Despite the recent hype in the cryptocurrency market, the underlying blockchain technology is still at an early stage and is far from mass adoption. One of the well-recognized issues with current blockchain technologies is scalability. Without the capability of processing large volumes of transactions swiftly, heavy usage services like Facebook, Amazon, and digital asset exchanges…

Along with the emergence of cryptocurrencies, the blockchain technology has developed rapidly in recent years. In the 13th Five-year National Informatization Plan issued by the State Council of China, blockchain technology was mooted as one of the frontier technologies within the National Strategic Layout.Blockchain technology is going to provide the fundamental infrastructure for the next…

The fundamental attributes of blockchain technology are being leveraged in profound new ways, changing how our society operates, disrupting old conventions, and creating new possibilities. These attributes present a foundation for value creation; providing the potential for significant returns on investment. Blockchain technology provides the technological basis for the value creation of most cryptocurrencies, the…

The global market capitalization for cryptocurrencies is on the rise with the growing demand for cryptocurrency assets. Professional investors in the traditional finance (such as fund managers, quantitative traders, etc.) are entering this field. In order to establish the connection between general investors and digital asset managers and to guarantee the general investor’s trust in…