In recent years, the Internet of Things, its applications and development have attracted widespread attention and has become the strategic aim of numerous enterprises in the world for both economic and technological development.
The Internet of Things has changed the way people communicate with each other, has introduced the perception of the physical world & the control over it and enabled communication between people-things and things-things. Along with the development of the 5G networks, the Internet of “Every”thing will also become a reality.
In the past, IOST had stepped in the IoT field introduced by Ehang, a leading global enterprise partner of IOST, so, it is not the first time for IOST to explore blockchain + IoT applications.
IOST is pleased to announce that we have entered into a technical cooperation with INT Chain. INT Chain has accumulated vast application experience and enterprise resources in the field of IoT. In the future, both parties will jointly develop and accelerate the application of blockchain + IoT in real world; this will also become IOST’s establishment in the field of the Internet of Things.
Internet of Things — Internet of Everything
The Internet of Things is an extension of the current Internet.
IoT is a highly integrated and comprehensive application of next-gen IT, it uses perception technology and intelligent devices to perceive and identify the physical world. Through Internet transmission and interconnection, the IoT performs calculation, processing & knowledge mining, and realizes the information interaction and seamless link between people and things, things and things, that is, the interconnection of all things and deep perception to achieve real-time control, accurate management and and scientific decision-making of the physical world.
In recent years, the Internet of Things network and related businesses have developed rapidly; with the fast growing demand for access to things (both physical and virtual), existing IoT networks and business platforms based on centralized trust management will find themselves challenged with the new needs of consumers.
Authoritative agencies predict that the number of IoT connections will exceed 50 billion in 2020 and may exceed 100 billion in 2025. The Internet of Everything will reshape the existing networks and business platforms. At the same time, the Internet of Everything will also pose huge challenges to existing IoT networks and business platforms, including: expansion capabilities, inter-network collaboration, security and privacy protection, trust mechanisms, communication collaboration and more.
The core technology of blockchain is computing and cluster trusted collaboration mechanisms in a distributed environment. It delivers solutions to the challenges of scalability, collaboration capabilities, trusted relationships, and security protection faced by the Internet of Things. This partnership between IOST and INT will combine the best of blockchain with IoT to open up the “last mile”, turning data into value for the Internet of Things, and jointly promote more applications that use blockchain + Internet of Things.
IOST x INT: Blockchain x Internet of Things
Gartner, an international research and advisory agency, research based on more than 500 U.S. companies shows that the Internet of Things + Blockchain has developed much faster than expected at first and that 75% of the companies have integrated blockchain technology or plan to do so by the end of 2020.
This means blockchain + IoT applications will be even more widely used in various fields and that IOST will also have the opportunity to reach cooperation with more enterprises, using blockchain technology to empower Internet of Things applications and adding extra value to the data generated.
As a leading public chain project, IOST specializes in the research and development of blockchain technology, it’s popularity in the industry comes from its growing scalability and high security; as mentioned in this article, IOST is partnered with the leading drone dedicated global enterprise EHang. IOST uses blockchain technology to provide Ehang with a secure and reliable data management system, and encrypts and verifies operating system data, ensuring that the data of the drone’s operating system is authentic, valid, and tamper-proof.
INT Chain project evolved from the development IoT structure system to become the world’s first bottom-up application platform which created a new generation of IoT + blockchain interaction standards. INT Chain is also partnered with well-known companies such as China Telecom, ZTE, and Hubei Industry and Construction Group.
The cooperation with IOST will focus on the exchange of knowledge in the application Blockchain + IoT and joint research of the its integration, the development of related applications, and the active deploy of IoT in the blockchain ecosystem. In addition, INT Chain’s numerous enterprise resources will also bring more potential partners and applications to IOST.
“In this cooperation with IOST, we will share the accumulated experience and technology in the application of IoT. At the same time, we will explore the application and development of blockchain technology with IOST in many 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 explore the field of IoT and promote the combination and application of blockchain + IoT. Jointly expanding the application of blockchain and the Internet of Things in multiple fields such as industrial fields, public fields, business operations and communication, so as to promote the prosperity of the digital economy and the real economy
About INT Chain
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 members combine talents in the fields of Internet of Things, blockchain, and Big Data, there are members from Huawei, Alibaba, Microsoft and more.
Yin Xiangyu, Head of INT China
Xiangyu is an IoT enthusiast, domestic IoT researcher and development practitioner in its earliest period, Internet serial entrepreneur, Apache Mynewt code contributor. He has participated in the design and development of wearable remote life test instruments based on GPRS, anesthesia depth tester, early diabetic neuropathy tester, smart home and power carrier system. Subsequently, Xiangyu launched 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
Guanghui 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, Guanghui 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 Hong Wei
Hong Wei has 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 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.