Powering IoT & M2M Economy. Wise Network ICO rating – not rated.
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PRE ICO Dates : 19/04/19 – 30/06/19
About Wise Network ICO (token sale)
Wise ICO is an innovative developer of analog-mixed-signal, system-on-a-chip who created an eco-system that enables a universe of applications on IoT and mobile devices using distributed ledger technology while backed by integrated-circuit-product-development. Tap into this ecosystem by acquiring our ERC20 token.
As we know, the blockchain is a public, immutable, distributed ledger technology that can be used for transacting with data in a distributed and decentralized manner. By creating an analog-mixed- signal, system-on-a-chip (AMS-SoC) embeddable in any physical object, using Proof of Ownership to deliver consensus for a distributed ledger on a private blockchain with a public blockchain as a layer two to create a massive market for WSE utility token, Wise ICO Network aims to address the major problems with the Internet of Things to enable these devices to become connected and intelligent (through data sharing and interoperability). This section will detail why blockchain can be used for IoT as well as Wise’s blockchain design principles to create our own ecosystem that’ll enable the beginning of M2M economy.
The properties of a blockchain such as its trust-less nature, decentralization, immutability, programmability and security provide advantages for the Internet of Things devices.
Wise’s ICO Public Blockchain-Mesh-Network Solution Design
WPBMN ( Wise’s ICO Public Blockchain-Mesh-Network) aims to connect IoT devices and provide the infrastructure for a M2M economy. To achieve this goal, WPBMN’s design is aims to accomplish:
True Decentralized Scalability
Given the evolving chaotic nature of Internet of Things, WPBMN’s architecture needs to be designed for anarchic scalability and must constantly evolve to fit the IoT ecosystem. As the complexity of IoT grows, varying systems must be included to support billions of different IoT links, while interactions between autonomous entities, and new entities joining the system without risking failure. Subsystems and permissoned subchains will also most likely need to be added to increase privacy, control, and reliability in spaces like military or healthcare fields.
Separation of Duties
One blockchain addressing all applications is a very inefficient design of IoT devices. Having all devices connect to a single blockchain limits scalability and makes the chain very heavyweight. An ideal solution would be to allow multiple different blockchains to be created with different use cases and enable these networks to interoperate with their own governance properties.