An analysis into why this partnership should not to be overlooked

Disclaimer: This article is not meant as investment advice, please ensure to conduct your own research before investing. More information on IoT Chain can be found in my previous article.

A partnership not to be overlooked

The Announcement

On 16 January 2018, IoT Chain (ITC) announced a strategic partnership with #Hashed (Hashed), formerly known as BPK, however it seems quite a few people did not fully grasp the extent of what this partnership means.

There could be a few reasons for this given the timing of the announcement was made at a time when amateur investors were more focused on minimising loses by selling and whales were rubbing their hands in glee, snatching up cheap ITC like plankton.

The Timing

With the noise of the South Korean government raiding and threatening to shut down South Korean exchanges, announcing a partnership with a Korean blockchain investment and marketing firm is not exactly something that will get people excited.

However now that further clarification has been made by the South Korean government while deliberations continues coupled with a petition garnering over 200,000 signatures requesting the Government to reconsider its restrictive proposals, the crypto market is looking good again.

The Partnership

Now let’s talk about what the partnership between ITC and Hashed really means.

As many of you know, crypto trading is a very big deal in South Korea, so big in fact that they make up around one-fifth of crypto transactions around the world. All this despite the crypto price markup of around 30% in South Korean exchanges.

Also as many of you know, crypto developed in China are a dime a dozen. From scam coins to globally recognised coins, it would take a while to list them all.

Now when we piece the two above scenario together, we can see that Hashed operates in a crypto-crazy market and has an abundance of Chinese coins to pick from, yet they chose to invest in and market ITC to their home country.

Just let that sink in. If a company as knowledgeable and reputable as Hashed decides to invest in ITC, then you know they believe in its potential. The Hashed team comprises of some very experienced individuals who would have carefully done their due diligence before picking the right project to invest their time and money in.

The partnership is in its early stages and I’m sure we will start to see it bear fruits soon now that the storm appears to be over. South Korean exchange listing for ITC looks like a very real possibility along with further global recognition that the ITC project deserves.

It’s definitely a vote of confidence for ITC and a vote of confidence for us investors.