IOTW Partners with a Europe and Middle East market based Set-Top Box firm to target 1 Million units of deployments by 2019

(Hong Kong, 10th June 2019.) Project IOTW is pleased to announce that it partners with Dicovi Technology Limited (Dicovi), a professional DVB and OTT box company, to embed IOTW blockchain technologies into their own set top boxes. Dicovi will also play a key role in distributing IOTW micro-mining codes to other brands of set top boxes alongside the IOTW’s MainNet launch in coming months, targeting to deploy 1 million units by 2019 in Europe and Middle East market.

IOTW has announced in early May 2019 that it plans to launch its MainNet in June/July 2019 to support a high volume of set-top boxes and other IoT devices with IOTW technologies hitting the retail market. With a strong R&D team in both hardware and software who has extensive experience in developing DVB and OTT boxes, Dicovi will be helpful in incorporating IOTW technologies (Proof of Assignment and Micro-Mining protocols) into its vast amount of own products by upgrading the firmware without changing their hardware, and distributing to different retail channels.

Meanwhile, Dicovi, as a key distributor of IOTW micro-mining codes, will introduce IOTW’s software solution to other brands of set-top box and help them complete IOTW software integration into their products. It initially targets to deploy 1 million units of IOTW-enabled set-top boxes by 2019 in Europe and Middle East market.

The CEO and Founder of IOTW, Fred Leung, commented on the partnership by expressing gratitude towards the support from Dicovi. He added, “The collaboration will show the world soon that IOTW does not just have technology implementation capabilities, but also hit the market to make promising business soon. More importantly, Dicovi will help realize IOTW vision rapidly: taking blockchain and mining into every household.”

IOTW has also been working closely with other set-top box manufacturing firms and brand owners, to embed IOTW’s native blockchain technologies into various brands of set-top boxes. The electricity cost of each IOTW-enabled IoT device to mine IOTW cryptocurrencies is expected to be only 0.5 USD annually, while the big data hosting under IOTW technologies will be at a much lower cost.

 

About IOTW

Project IOTW (https://iotw.io/ ), under AnApp Blockchain Technologies Limited based in Hong Kong, is building a fast-growing Blockchain-enabled IoT Data Platform in the world, where Big Data is unified from a cross section of IoT devices and different applications based on a native blockchain technology using Proof of Assignment (PoA) and micro-mining protocols. The blockchain software can run on different IoT devices to mine cryptocurrencies. The micro-mining software can be embedded into different IoT chipsets and also downloaded into existing IoT devices through a firmware update without changing their hardware.

Currently it is launching the most economical and flexible Enterprises Big Data Cloud Hosting platform to help IoT/ mobile app projects to reduce up to 80% cost and offer an off-the-shelf turnkey solution with little R&D time and engineering work. The founding team has about 30 years of experience working in the Silicon Valley, semiconductor, and IoT hardware industries, which can help make IOTW real business globally at a rapid scale. It has been backed up by 500 Startups accelerator program, one of the topmost incubators and VCs in the US.

About Dicovi Technology Limited

Dicovi Technology Limited (http://www.dicovi.com/shows/about ) is a professional DVB and OTT box design company and provides End-to-end audio and video solutions. It has a strong R&D team in both hardware and software who has extensive experience in developing DVB and OTT box.

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