Recently Iot Chain (ITC) were delighted to be presented with the Blockchain Excellence Award at The Davos World Economic Forum. IoT Chain were selected from amongst hundreds of China-based Blockchain projects for their innovative and high-impact business model. Liu Feng, founder of FBG Capital(who have invested in IoT Chain), accepted the award on behalf of the company.

From January 23rd to 26th, the 48th annual World Economic Forum in Davos was held in Switzerland. International institutions and guests from across the globe gathered to discuss economic and technological issues. This year, there was a particular focus on blockchain and distributed ledger technology.

On January 23rd, China Blockchain Research Center, the Chinese branch of The Global Block Business Council (GBBC), held the first round-table conference discussing blockchain and its direction. IoT Chain (ITC) received particular attention for its ambitious project that aims to tackle the Internet of Things (IoT) industry by combining blockchain technology with DAG for heightened security and transfer speeds. Other notable winners of the Excellence Award include Nebulas and WiseKey. Director General of China Blockchain Research Center, Deng Di, along with Guo Yuhang of Xinghe Capital, presented the award to IoT Chain.

IoT Chain (ITC) is best known as a secure operating system for IoT, powered by the blockchain. Using next-generation DAG technology, IoT Chain has the ability to operate on IoT devices with low computing power. This creative mix of technology provides the framework for low-cost, secure connectivity for the Internet of Things.

The Blockchain Excellence Award along with recent high-profile investments from Hashed, LinkVC, FBG Capital, and more has put IoT Chain at the forefront of the blockchain and IoT applications. IoT Chain has been recently cited by Forbes Magazine as a viable if not more compelling competitor to IOTA. The industry is excited about IoT Chain and its potential to carry the IoT market in to the future.

To date, IoT Chain has remained under the radar as the hard-working team focuses on the tech surrounding their project. The perfectionist approach is sure to pay dividends once IoT Chain steps up marketing upon the the highly-anticipated release of their open-source DAG main-chain code in the near future.

IoT Chain are working hard to give data sovereignty back to users and are ready to take their place on the world stage. Despite recent accolades, the team continues its diligent and focused development of the project. IoT Chain and its blockchain technology are expected to have a massive impact on the Internet of Things and future smart-cities we will all live in. The team invites all tech-fanatics and progressive minds to join them on their journey toward changing the future.