[PRNewswire] Taiwan Blockchain Startup ioeX Provides Solution to Decrease IoT
Data Transfer Costs by 70%
(TAIPEI, Taiwan, Oct. 2, 2018 PRNewswire=연합뉴스) Taiwanese blockchain startup ioeX has released the "ioeX agreement" as a solution to reduce the high data transfer costs of software update and maintenance for IoT device manufacturers. "ioeX agreement -- decentralized point-to-point networking" combines distributed node networking and blockchain technology to provide a network transfer consensus mechanism solution. Compared to traditional OTA updates, the ioeX solution can reduce costs by 70% for the global M2M data exchange, which has an estimated market value of US$18 billion, resulting in savings of over US$12.6 billion. For companies, the "ioeX agreement" requires almost no technology conversion cost and is a solution that reduces costs by paying for services with cryptocurrency.
ioeX is a decentralized network technology combined with basic F2F data networks formed by bootstrap, peer, and phone nodes. The bootstrap node constructs a basic network structure assisted by a peer node; the bootstrap node provides file transfer functions to the peer node but does not participate in the application level, which is handled by the peer node. Furthermore, the phone node is classified as a smart device that does not share storage space. Currently, ioeX connects bootstrap and peer nodes between physical and cloud devices and future collaboration with companies will continue to scale the decentralized network to become the innovative solution for online data transfer, temporary file storage, and software updates.
In 2016, founder and CEO Aryan Hung started ioeX for the development of IoT control systems. Due to the need for OTA updates in IoT devices, a decentralized network was established. Aryan Hung said, "The primary clients of ioeX are OTT box, smart speakers, IoT box, chip manufacturers that require mass data transfer and OTA updates, integrated solutions suppliers, and ODM suppliers. We expect to sell 1 million network devices equipped with ioeX by the end of 2018 to the U.S., southeast Asia, and Europe. Continuing in the future, ioeX will integrate the computing and data storage functions of network nodes to construct a cloud computing platform that allows more developers and service providers to access networking functions and create applications and services."
Photo - https://photos.prnasia.com/prnh/20180927/2250269-1-a
ioeX is the Internet of Everything driven by Blockchain
Photo - https://photos.prnasia.com/prnh/20180927/2250269-1-b
Aryan Hung, ioeX's founder and CEO
Source: ioeX
[편집자 주] 본고는 자료 제공사에서 제공한 것으로, 연합뉴스는 내용에 대해 어떠한 편집도 하지 않았음을 밝혀 드립니다.
(끝)
출처 : PRNewswire 보도자료
Data Transfer Costs by 70%
(TAIPEI, Taiwan, Oct. 2, 2018 PRNewswire=연합뉴스) Taiwanese blockchain startup ioeX has released the "ioeX agreement" as a solution to reduce the high data transfer costs of software update and maintenance for IoT device manufacturers. "ioeX agreement -- decentralized point-to-point networking" combines distributed node networking and blockchain technology to provide a network transfer consensus mechanism solution. Compared to traditional OTA updates, the ioeX solution can reduce costs by 70% for the global M2M data exchange, which has an estimated market value of US$18 billion, resulting in savings of over US$12.6 billion. For companies, the "ioeX agreement" requires almost no technology conversion cost and is a solution that reduces costs by paying for services with cryptocurrency.
ioeX is a decentralized network technology combined with basic F2F data networks formed by bootstrap, peer, and phone nodes. The bootstrap node constructs a basic network structure assisted by a peer node; the bootstrap node provides file transfer functions to the peer node but does not participate in the application level, which is handled by the peer node. Furthermore, the phone node is classified as a smart device that does not share storage space. Currently, ioeX connects bootstrap and peer nodes between physical and cloud devices and future collaboration with companies will continue to scale the decentralized network to become the innovative solution for online data transfer, temporary file storage, and software updates.
In 2016, founder and CEO Aryan Hung started ioeX for the development of IoT control systems. Due to the need for OTA updates in IoT devices, a decentralized network was established. Aryan Hung said, "The primary clients of ioeX are OTT box, smart speakers, IoT box, chip manufacturers that require mass data transfer and OTA updates, integrated solutions suppliers, and ODM suppliers. We expect to sell 1 million network devices equipped with ioeX by the end of 2018 to the U.S., southeast Asia, and Europe. Continuing in the future, ioeX will integrate the computing and data storage functions of network nodes to construct a cloud computing platform that allows more developers and service providers to access networking functions and create applications and services."
Photo - https://photos.prnasia.com/prnh/20180927/2250269-1-a
ioeX is the Internet of Everything driven by Blockchain
Photo - https://photos.prnasia.com/prnh/20180927/2250269-1-b
Aryan Hung, ioeX's founder and CEO
Source: ioeX
[편집자 주] 본고는 자료 제공사에서 제공한 것으로, 연합뉴스는 내용에 대해 어떠한 편집도 하지 않았음을 밝혀 드립니다.
(끝)
출처 : PRNewswire 보도자료
