Chinese Blockchain Company Hailed at Davos Forum

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Chinese Blockchain Company Hailed at Davos Forum

IoT Chain (ITC), a secure operating system for IoT, powered by the blockchain, awarded prestigious Blockchain Excellence Award at the Davos World Economic Forum last week. IoT Chain were selected from amongst hundreds of China-based Blockchain projects for their innovative and high-impact business model. Liu Feng, founder of FBG Capital (who have invested in IoT Chain), accepted the award on behalf of the company.

Using next-generation DAG technology, IoT Chain has the ability to operate on IoT devices with low computing power. This creative mix of technology provides the framework for low-cost, secure connectivity for the Internet of Things. IoT Chain aims at returning data sovereignty to users. IoT Chain and its blockchain technology are expected to have a massive impact on the Internet of Things and future smart-cities.

Author: Tim Cole
Image Credit: IoT Chain

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