TAIPEI, July 28, 2022 /PRNewswire/ — Award-winning Taiwan blockchain options supplier Worldwide Belief Machines Company (ITM) introduced that it’ll current Blockchain Notary Service (BNS) on the CES 2022. The know-how has been adopted by Taiwan’s Ministry of Justice as a part of the most recent initiative launched by the federal government to combine blockchain know-how with its authorized sector. The beginning-up shall be showcasing its know-how on the Taiwan Tech Area (TTA) Pavilion at CES 2022
The capital injection from the world-leading IC design home MediaTek and the Taiwan-based electronics manufacturing large Wistron has expanded the worldwide popularity of ITM which has reworked its enterprise focus from blockchain software program growth package (SDK) to Platform-as-a-Service. With the launch of ITM Blockchain Notary Service (BNS), the corporate has additionally addressed knowledge belief points which were plaguing all kinds of industries.
Blockchain is a superb answer for knowledge validation and safety, however the scalability downside of the know-how presents a problem for corporations wishing to make use of blockchain to document their large quantity of information from IoT units cost-effectively. With its ground-breaking know-how, ITM goals to assist enterprises break by the bottleneck and permit them to benefit from blockchain for IoT purposes by concentrating on three widespread issues – scalability, privateness and price.
“Linking SDK to company techniques is a really sophisticated course of for many corporations because it requires skilled blockchain engineers to finish the system integration. Prior to now, corporations needed to encrypt knowledge, construct a blockchain system and add knowledge on their very own, which proved to be costly and time-consuming. By utilizing our BNS, corporations are actually in a position to shrink an unlimited quantity of information into a brief string of digits, a 32-byte ledger fingerprint can seal a million transactions with the flexibility for fast auditing of chosen knowledge. It’s an easy-to-use one-stop service requiring no efforts from corporations,” stated Julian Chen, Co-Founder and CEO of ITM.
ITM BNS leveraged its cutting-edge know-how to supply corporations with the simplest option to join their purposes or knowledge to Ethereum at zero price, permitting them to attain larger effectivity and belief. It’s also the first-ever platform to uplink million-scale transactions free of charge onto Public Blockchain Ethereum. It’s potential due to the corporate’s cryptographic safety algorithm that transforms into Restful API below an unique safety protocol to permit for streamlined connection between the corporate’s knowledge and public blockchain, reaching increased ranges of safety and TPS with low price and IoT uplinks.
ITM BNS additionally permits corporations to give attention to constructing their system whereas simply establishing reliable transaction historical past, time stamp, gadget ID, and different associated info, facilitating easy communication between completely different entities. The service options three interfaces, together with an online app for on a regular basis customers, an API for builders and an IoT SDK for Edge units.
For extra info, please go to https://bns.itrustmachines.com/login.
About Worldwide Belief Machines Company (ITM)
Based in January 2019 in Taiwan, Worldwide Belief Machines Company (ITM) affords Blockchain Notary Service as an answer to the scalability downside of public ledgers. Since its institution, ITM has been working with native and worldwide organizations to additional promote revolutionary blockchain options. Its purchasers and strategic companions embrace Qualcomm, Microsoft, MediaTek, Acer, Kneron, and others.
The blockchain options supplier has claimed the first runner-up honors on the Qualcomm Innovate in Taiwan Problem 2019 (QITC 2019), it was additionally among the many 80 startups chosen by the Taiwan Tech Area to exhibit revolutionary merchandise on the TTA Taiwan Tech Pavilion at CES 2020. ITM acquired pre-A spherical funding from world main IC design home MediaTek and main electronics producer Wistron. The funding has introduced ITM a rising abroad curiosity.
ITM facilitates reliable transactions with its zero-cost Blockchain Notary Service.