IOTW is building a fast-growing IoT big data platform based on blockchain technology. This big data unified system is mainly based on blockchain technology distribution proof (allocation proof) and micro-mining (micro-mining protocol). It becomes simple and efficient to use different brands of IoT devices and different application levels to collect big data. It is supported by the 24th accelerator program of 500 Startups, the top US start-up incubator and venture capital.
IOTW tokens are created for practical applications, such as instant payments, micro-transactions, big data purchases, participation and shopping on decentralized e-commerce platforms, advertising and data hosting payments, and through micro-mining, rewarding IOTW Device and IoT manufacturers and end users of different IoT brands.
In the main network of IOTW, there will be an integrated IOTW mobile application that allows end users to conduct instant payment transactions and remotely control IoT devices. End users can use mined IOTW tokens to purchase goods on decentralized e-commerce platforms and receive IOTW tokens by selling their behavioral data to IoT device manufacturers, market research companies, and government research institutions, So that they can use big data to make valuable business decisions.