The IOTW project developed by AnApp Blockchain Technologies Limited and engaged in creating a unifying blockchain-based system built for big data has been partnering with several set-top box manufacturers intending to integrate its innovative technologies into the devices.
The modifications are implemented through a firmware upgrade, which means that there is no need to change the hardware. IOTW-enabled IoT device will be able to mine cryptocurrency without a noticeable increase of the bottom line in the electricity bill as an annual cost of mining should not exceed $0.5.
Considering that a vast amount of smart set-top boxes along with LED light bulbs and power plugs with embedded IOTW technologies will hit the retail market in the third quarter of 2019, thus making IOTW the leading blockchain project in the world with the vastest volume of IoT blockchain deployments and market outreach.
The end users of ITOW-enabled devices is expected to exceed one million in the coming years as the manufacturers and retailers will start promoting and marketing the devices with embedded IOTW technologies in Europe and the Middle East.