IOTW and Motek Partnership Paves the Way for New Business Opportunities
Motek, Hong Kong’s leading BLDC motor solutions integrator, has ported IOTW’s micro-mining software to Motek application solutions, thus promoting the global expansion of IOTW.
Blockchain company AnApp Blockchain Technologies Ltd (AnApp), the IoT blockchain developer behind IOTW (a new cryptocurrency for IoT applications), has announced a new strategic partnership with Motek Limited (Motek), and with it, that IOTW micro-mining software has been successfully ported to Motek's application solutions.
Motek is a one-stop brushless DC (BLDC) motor solutions integrator focused on Asian markets. It has built a strong R&D and professional team with extensive experience in the manufacturing, sales, and marketing of household appliances and Brushless DC (BLDC) motor solutions. Its vast product portfolio includes air-conditioners, refrigerators, washing machines, range hoods, DC fans, air purifiers, etc.
Mr. Elden Chan, Founder of Motek, commented on the partnership saying, “We are pleased that we can adopt the blockchain technology to our application solutions. Our customers will benefit from the blockchain technology and micro-ming without any additional cost. We will become a pioneer in the IoT world and we have confidence on our cooperation with IOTW. ”
Mr. Frederick Leung, Founder and CEO of AnApp said, “The porting of IOTW’s micro-mining software to the Motek motor solutions opens a new chapter in IOTW expansion. Through this partnership, AnApp will be able to bring its unique Proof of Assignment (PoA) consensus algorithm to everyone and allow cryptocurrency micro-mining on IoT-connected consumer devices. ”
AnApp is the blockchain development company behind the IOTW cryptocurrency and a blockchain ecosystem for Internet of Things (IoT) devices. It provides cost-effective and energy-efficient micro-mining solutions based on proof-of-assignment (PoA) consensus algorithms, which enables the use of home appliances for IOTW token mining without increasing hardware costs.