INT X IOST | Promote the combination and application of blockchain and Internet of Things

In recent years, the related technology, application and industrial development of the Internet of things have aroused widespread concern around the world, and it has become the strategic point of the new round of economic and technological development in the world.

The Internet of Things has broken through the communication mode between people, introduced the perception and control of the physical world, and made communication and collaboration between people and things, things and things possible. With the advent of the 5G era, the Internet of Everything will also become a reality.

In the last few days, INT Chain and IOST reached in-depth technical cooperation. INT Chain has accumulated a large number of experience and enterprise resources in the field of Internet of Things. In the future, the two sides will communicate with each other in the application of blockchain + Internet of Things, and jointly accelerate the pace of application of technology.

The Internet of Things is a network extension and application extension of the current Internet. It is a highly integrated and comprehensive application of the new generation of information technology. It uses perception technology and intelligent devices to perceive and identify the physical world. Through Internet transmission and interconnection, the Internet of Things performs calculation, processing, and knowledge mining, and realizes the information interaction and seamless link between people and things, things and things, that is, internet of everything, and deep perception to achieve the purpose of real-time control, accurate management and scientific decision-making of the physical world.

In recent years, the Internet of Things network and business have developed rapidly. With the increasing demand for access to things (physical world and virtual world), the existing Internet of things network and business platform based on centralized trust management will face more and more challenges.

Authoritative agencies predict that the number of physical connections will exceed 50 billion in 2020, and it may exceed 100 billion in 2025. The Internet of Everything will reshape the existing network and business platform. At the same time, the Internet of Everything will also pose huge challenges to existing IoT networks and business platforms, including, expansion capabilities, internet collaboration, security and privacy protection, trust mechanisms, communication collaboration, etc.

The core of blockchain technology is distributed computing and group trusted cooperation mechanism in distributed computing environment. These also provide new ideas and solutions to solve the challenges of scalability, cooperation ability, trust relationship and security protection faced by the Internet of things.

The cooperation between INT and IOST will use the blockchain to open up the “last mile” from data to value for the Internet of Things, and jointly promote more applications of blockchain + Internet of Things

INT X IOST | Promote the combination and application of blockchain and Internet of Things

Previously, Gartner, international research and advisory agency, had investigated more than 500 U.S. companies. Then, they found that the Internet of Things + Blockchain has developed much faster than expected, and 75% of the companies have already implemented or plan to implement blockchain by the end of 2020.

This means that the combination of blockchain technology and IoT applications will be more widely used in various fields. As a famous technical public chain, IOST specializes in the research and development of blockchain technology and is known in the industry for its strong scalability and high security. It also has reached technical cooperation with Ehang, the global leader in drones. IOST uses blockchain technology to provide Ehang with a secure and reliable data management system. The operating system data is encrypted and verified to ensure that the data of the drone’s operating system is true, valid, and tamper-proof, thereby achieving the application of blockchain + the Internet of Things in aerospace applications.

The INT Chain project, which evolved from the perspective of the IoT structure system, is the world’s first bottom-up basic application platform that created a new generation of IoT blockchain interaction standards. INT Chain has partnerships with well-known companies such as China Telecom, ZTE, and Hubei Industry and Construction Group.

INT Chain and IOST have reached a cooperation, and the two parties will communicate with each other in the application of the blockchain + Internet of Things. They will devote themselves to the technical integration research of the blockchain + Internet of Things, develop related applications, and actively deploy the blockchain application ecosystem. In addition, INT Chain’s numerous enterprise resources will also bring more potential partners and applications to both Parties.

“By cooperating with IOST, we can share our experience and technology in the application of IoT scenarios. At the same time, we will explore the application and development of blockchain technology with IOST in certain specific fields. We are very glad to have reached a cooperation with IOST. “Said by Yin Xiangyu, head of INT Chain China.

In the future, INT Chain and IOST will continue to further develop the field of IoT, and promote the combination and application of blockchain and IoT. Expanding the application of blockchain and the Internet of Things in multiple fields, such as industrial fields, public fields, business operations, and communication fields, so as to promote the prosperity of the digital economy and the real economy.

About INT Chain

INT Chain is the world’s first bottom-up new-generation blockchain of things (BoT) communication standard and base application platform. Its ecosystem is specifically designed for easy integration with any IoT protocol. To both improve and encourage device interconnectivity, INT Chain has built an economy driven ecosystem by providing token-incentives through a decentralized TCP/IP based architecture of IoT. This new business model, molded by IoT devices, will support an entirely new ecosystem of the Internet of Things.

INT Chain official Website: https://intchain.io/

INT Chain team gather talents in the fields of Internet of Things, blockchain, and Big Data. The team members are from Huawei, Alibaba, Microsoft, etc.

• Yin Xiangyu, Head of INT China

An enthusiast of Internet of Things. A domestic IoT research and development practitioner in the earliest period, Internet serial entrepreneur, Apache Mynewt code contributor. Mr. Yin has participated in the design and development of wearable remote life test instrument based on GPRS, anesthesia depth tester, early diabetic neuropathy tester, smart home and power carrier system. Later, he began his business in Internet industry. By 2013, he has completed the R&D and promotion of the first domestic WeChat IoT device named “Yinmeitu”.

• Chen Guanghui, Chief Development Engineer of INT Dapp

Graduated from Fudan as a Computer Software major. He worked for EastCOM and Huawei successively with rich experience in communication underlying technologies, system architecture, R&D project management, software development, mobile Internet and other fields. From 1993 to 2005, he worked as an R&D engineer in the CDMA Switch Development Department, Head of the Testing Department and Vice General Manager in EastCOM. In 2005, he served as Head of the Enterprise Communications MKT Department in Huawei and Head of the Railway Signal Architecture Design Department. In 2012, he started his own business in the mobile phone taxi service market.

• Wang Hongwei

10 years of technology research in the field of IoT, early platform architect of “Truck Gang”. Leader of HUAWEI’s first industrial route AR531 device, inventor of the high-speed iron signal 3oo3 combination fault and safety system, inventor of intelligent packaging.

• Michael Zhang

Mr. Zhang has over 20 years of experience in IT management and operation in Asia. He is a leading expert in cross-border trade and supply chain management.

INT Chain Foundation

12/2/2020