TrustNote, a provider of DAG-based distributed ledger technology and development platform for the tokenized economy, announced today that it has entered global strategic partnership agreement with Winjit, a leading Internet of Things (IoT) and Machine Learning (ML) software provider from India, to offer customers complete solutions to develop highly customized IoT and blockchain applications.
With offices in multiple countries, Winjit’s customers are largely fortune 500 companies from North America, Europe, Australia, South Africa, and Asia Pacific region.
Winjit was looking for a DAG-based blockchain technology partner for some time, the reason why Winjit choose to a partners with TrustNote is because TrustNote’s DAG based distributed ledger system has been running for over one year and has the capability to support IoT based applications; and TrustNote’s micro-wallet technology is IoT ready, which means resource-limited devices can also enjoy the benefit of value exchange brought by the latest blockchain technology.
Winjit believes TrustNote with its autonomous structure and governance incorporated in its blockchain allows Winjit’s wide range of IoT and ML solutions to be scaled up in a decentralized manner. This solution allows devices to incorporate automation of trust that allows secure transfer and processing of information in real time.
Aiming to empower Winjit’s global IoT customers to develop tokenized applications, TrustNote and Winjit’s developers have started to integrate TrustNote technology into Winjit’s IoTSense platform, and once it is complete, Winjit and TrustNote will be able to offer their customers complete solutions to develop highly customized IoT + Blockchain applications.
In a broader context, TrustNote is in discussion with multiple India based cryptocurrency exchanges, the due diligence investigations are underway. For customers choosing Winjit and TrustNote to develop tokenized IoT applications, Winjit and TrustNote will not only provide one-stop-shop solutions, but also provide business support on token issuance, distribution, and value exchange with TTT, the exchange rate will be discussed on a case by case basis.
TrustNote
TrustNote is a DAG-based distributed ledger technology and its development platform for the tokenized economy. TrustNote combines the Directed Acyclic Graph (DAG) ledger structure, Proof of Work (POW), Proof of Stake (POS) and Byzantine agreement together to build a more scalable and more secured distributed ledger system. TrustNote supports mining and Internet of Things. TrustNote’s main chain was launched since 18th January 2018.
Believing in the key to freedom of innovation in the digital age is decentralisation and being frustrated with today’s blockchains who have not embraced true decentralisation, prohibiting the innovators and future thinkers from creating the change they want to see, TrustNote is designed to make development easy, fast and scalable, and bring trust to an untrusting environment for everyone on every device at a low cost.
Winjit and IoTSense
Winjit is India’s leading provider of innovative engineering solutions. Founded in 2004, Winjit started as a summer internship project in entrepreneurship by two technology freaks Abhijit Junagade and Ashwin Kandoi in the picturesque town of Nashik which gained its recognition as an engineering technology company.
IoTSense is a smart, secure and scalable software gateway platform which enables businesses to move from traditional technology implementation to smarter, real-time and advanced technological transformation. It is the best example of how legacy devices and existing eco-system can be transformed into smarter businesses. IoTSense is powered by Winjit.