Sentinel Chain (SENC) announces Strategic Cooperation with IoT Chain (ITC) to solve last-mile connectivity challenges
Shanghai, China — 30 April 2018 — InfoCorp Technologies, the company behind Sentinel Chain (SENC), a blockchain-based B2B financial inclusion services marketplace — has announced a partnership with IoT Chain (ITC), a lite blockchain-based Internet-of-Things (IoT) operating system designed to solve current IoT security problems and high concurrent usage scenarios of IoT.
Sentinel Chain’s strategic cooperation with IoT Chain will explore and implement the application of blockchain technology in inclusive financial services through the use of wireless mesh technologies.
Sentinel Chain being the world’s first international marketplace to provide inclusive financial services for the unbanked, is committed to making financial services such as loans and insurance available to farmers.
The Sentinel Chain and ITC partnership will aim to solve the last-mile connectivity problem using ITC’s combined technological strength of the millions of IoT nodes within the network for the implementation of financial inclusion projects in areas with poor Internet connectivity.
Sentinel Chain is a blockchain-based international marketplace for cross-border financial services and the world’s first platform to accept the use of livestock as collateral. Taking a unique approach to the last mile problem of financial inclusion, the Sentinel Chain model establishes livestock provenance through the creation of livestock insurance on blockchain — the registration of livestock provenance on blockchain provides the unbanked with a new opportunity: the real possibility of accepting livestock as ‘collateral’ for loans.
IoT Chain (ITC) IoT Chain (ITC) is developed as a lite operating system using the blockchain concept and implementing PBFT, DAG, SPV and CPS technology, allowing data to be layered and stored in a decentralised manner and providing protection with the combined strength of the millions of IoT nodes within the network.
The technology will result in an economy of sharing for Internet of Things (IoT) devices in a decentralized and energy efficient environment while producing a wealth of valuable user data which can be used as fuel for the development of AI with users rewarded for providing this fuel.
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