IOTW

IOTW is an IoT Blockchain infrastructure project using Proof of Assignment (PoA) to connect all IoT devices globally, create passive income in the form of micro-mining, and allow for the development of decentralized applications on IoT devices.

IOTW mission is to establish a data ecosystem for IoT devices based on blockchain, enabling the direct exchange of big data between consumers and manufacturers to ultimately improve people’s lives.

Whitepaper

Onepager

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What is IOTW

Mission

To 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 Problem

Current consensus systems such as Proof of Work or Proof of Stake have drawbacks that make them difficult for adaptation to IoT devices. For example,

Introduction

We have invented a completely new Blockchain protocol that

Features of our new Blockchain architecture

From the Proof of Assignment consensus protocol, we have developed the “Micro-mining” protocol. Micromining is introduced so as to incentivize IoT device users to connect their devices to our Blockchain and provide usage data. In order to make it easy for IoT devices to connect to our Blockchain, we have also designed a new Blockchain architecture with end-nodes and trusted-nodes separated. Under this innovative new architecture, most of the IoT devices in the world, be them big or small, can run our micro-mining software without the need for any hardware change. For the first time ever, Blockchain and IoT devices can seamlessly work together.

We aim to connect every household in the world with Blockchain and collect their usage data for betterment of the whole mankind. This can be achieved through our easy to adopt Blockchain design, and a token reward system (IOTW tokens system). IoT device owners who join our Blockchain network will be rewarded with IOTW tokens. We shall establish a decentralized purchase network for the IOTW holders to purchase goods and services with their IOTW tokens directly from the device makers and service providers. This is a decentralized purchasing ecosystem to do away with all unnecessary middlemen and agents.