Blockchain protocol agnosticism is important when considering the correct fit for IoT environments. There are pros and cons to every protocol and we wish to align ourselves with those best suited to fit the needs of our vision. In our mission to remain agnostic, we have been conducting extensive research into protocols that can scale efficiently and remain at a low cost to run. Considering the high transactional frequency and extensive technical requirements of IoT environments, these factors can practically make or break systems.

We wish to partner with multiple protocols that will both add value to Augmate’s ecosystem and help answer the scalability question in IoT environments. This is why we are pleased to announce our next protocol partner: 0chain.

When weighing our protocol options, one of our main concerns was cost. How are we going to effectively scale IoT environments when blockchain protocol costs are still relatively high? One of the main selling points of 0chain’s infrastructure is that it offers free transactions, computational capacity, and storage. This is achieved through the locking of tokens to utilize the services offered, which could then be released and sold if an environment is closed. This could then be translated to customer environments in which tokens can be used and transferred in the case of closed accounts.

The ability to create parallel chains and parallel threads within chains for the sake of scalability will greatly help the way in which we build our environment. Its self-forking system allows enterprises such as ourselves to build new chains for our own IoT implementations and scale as needed. As opposed to other protocols that might suffer from not being able to process sub-second finality, audit trails of data, or suffer from latency issues, 0chain’s mission is to scale to avoid these complications and foster relationships with relevant enterprises.

Our CEO, Pete Wassell, had the following to say regarding this new partnership:

“Augmate has been benchmarking a number of blockchain protocols and 0chain uses a parallel chain structure for speed and efficiency. They also have an interesting approach to using smart contracts to share information with these parallel side chains. On top of this, 0Chain has modeled 1 million transactions per second and this rate is necessary for IoT. Augmate is delighted to become a 0chain partner and looks forward to a great business relationship.”

We see 0chain as one of the many high-quality protocols we potentially integrate with in order to have the best advantage when developing for the greater IoT landscape.

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