Chinese electronics manufacturer Lenovo and developed by dApp solutions Credits contracted for software development, combining the IoT and VR/AR-technology. About this Credits announced Tuesday in his blog on Medium.
A joint project called New Vision Technology. It is expected that will be used in a variety of areas including FINTECH and logistics. The main developer will perform Lenovo, Credits specialists will work directly with the blockchain component of the program.
The program bases New Vision and the technology are artificial intelligence (AI) and augmented reality (AR). The main objective of the project is to develop and maintain partners ready industrial solutions in areas of infrastructure development and private platforms, system integration and validation services for standards compliance.
“Credits were chosen because of their markedly different technical solutions, such as unique consensus algorithm that combines dPoS […] and the Byzantine generals problem,” — said in a press release.
Credits claims that their platform is “the fastest and most scalable blockchain-a platform for decentralized applications”. Its functionality includes the creation and execution of smart contracts, the creation and maintenance of public registers and registries, providing environments for business concepts and minimum viable products.
Despite the achievement of Credits, the main “player” in the market of IoT, the blockchain industry is IOTA. So, last Monday, August 27, Japanese ICT conglomerate Fujitsu has announced the launch of a working concept of auditing log on the basis of the registry IOTA Tangle.
