We would like to update you on the progress of business and software development.
Thanks for all of your support to IOTW. We are working very hard on our system. Our MainNet is ready, but we would like to wait for our chipset to launch with our promotion plan together. We believe that the effect will be much stronger if we promote our MainNet and the chipset of Anapp Technologies Limited together.
IoT blockchains in the market still lack mass volume deployment. At the moment, IoT blockchain cannot be adopted in real life IoT applications. Our MainNet coding has been completed and we are conducting internal test. We are adding calculation of carbon emission into the blockchain. There is a company that is developing a chipset that can turn non-IoT devices into IoT devices and also can save energy. Their target is to produce samples in the third quarter of 2021. We have a goal to launch MainNet with this chipset to push for mass market adaptation.
With the adding of a carbon emission computation module and a token-based energy saving rewards system, IOTW will launch testnet 2.0 which is to be based on real hardware instead of virtual testing devices within the first quarter of 2021. The testnet 1.0 was taken down on 1st Jan 2021.