Blockchain IoT Startup AnApp Selected To Develop Micro-Mining For DoCoMo’s 5G Open Partner Programbr>
Based in Hong Kong-based, AnApp is a blockchain company that is developing the new IOTW virtual currency. Focusing on the growing Internet of Things (IoT) market, the new IOTW asset can be easily mined using a wide range of IoT devices, thanks to its cost-effective micro-mining software and new ‘proof-of-assignment’ consensus mechanism.
NTT DoCoMo is the predominant mobile phone operator in Japan, with over 76 million subscriptions. It is one of the world’s foremost contributors to 3G, 4G and 5G mobile network technologies. Under a medium-term plan toward 2020 and beyond, DoCoMo is pioneering a leading-edge 5G network to facilitate innovative services. 5G is expected to promote the IoT society, where all devices are connected to the Internet, with features such as high speed, large capacity, low latency and many terminals.
By participating in DoCoMo’s 5G Open Partner Program, IOTW will contribute its innovative technologies to spread IoT devices solutions for Japanese society, as well as promote the development of services using 5G provided by DoCoMo.
“We are very certain that our cooperation can potentially impact everyone’s daily life,” said Frederick Leung, Founder and CEO of AnApp. “End users can benefit from it, accelerating the sales of IoT devices by DoCoMo. Leveraging IOTW’s core team, with more than 30 years experience in computer hardware and software, our innovative PoA and micro-mining algorithms will enable DoCoMo to collect big data, and end users will fully benefit from Micro-mining.”
The announcement came after AnApp received an undisclosed investment from Krypton Capital, an early-stage venture capital company that focuses primarily on blockchain ventures. Krypton Capital’s decision to invest in IOTW and forge a partnership was a result of AnApp having made significant and practical progress on the product front.
“At Krypton Capital, we are very particular about the ventures we invest in, and support,” said Ilan Tzorya, Krypton Capital’s founder and CEO. “Our partnership with AnApp to invest in IOTW represents our commitment towards innovation and the mainstream adoption of cryptocurrencies. Given how rapid the IoT market grows, we believe IOTW has immense potential to make a lasting impact due to AnApp’s capable team, robust product and experienced leadership.”