Now that we have learned about the specific series of IOTX, we can now look at the IOTX industry to learn about their founders and background.

Let me give you a brief background on IOTX:

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IOTX is a blockchain project developed by IoTeX in 2017. IoTeX is a blockchain startup headquartered in Silicon Valley, USA, founded by a group of senior engineers and entrepreneurs from technology companies such as Google, Facebook, and Amazon.

The purpose of the project is to build a secure, reliable and scalable decentralized network specifically for Internet of Things (IoT) devices and applications. IOTX aims to solve the current security, privacy and scalability issues in the IoT field.

 

IOTX's core technologies include:

1.Roll-DPoS consensus algorithm - combines the advantages of PoS and DPoS to achieve high throughput and fast confirmation.

 

2. TEE-based hardware security - Protect devices and data using a trusted execution environment.

 

3. Anonymization technology - provides transaction and identity privacy protection.

 

4. Cross-chain interoperability - compatible with other blockchain protocols.

 

Let’s get to know the founders and investors below.

 

The main founder and important partner of IOTX;

​Raullen Chai - CEO, previously worked at technology companies such as Google and Amazon and has extensive engineering and management experience.

Qevan Guo - CTO, graduated from the National University of Defense Technology, with a solid background in computer science.

Jing Sun - Co-founder and Chief Scientist, previously taught at the University of Florida, focusing on distributed systems and blockchain technology.

 

  1. Key partners: Intel - provides SGX-based trusted hardware support for IOTX.

  2. Bosch - Collaborating with IOTX to explore applications in the field of Industrial Internet of Things.

  3. Nest - Partnering with IOTX to develop smart home solutions.

  4. Xiaomi - Participate in the IOTX ecosystem and provide support for IoT devices. China Telecom - Provide communication network support for the expansion of IOTX in the Chinese market.
    2. Investors: Early investors include well-known venture capital institutions such as SOSV, Zeroth.AI, and Kenetic Capital. Later, it received financing from multiple investors such as IMO Ventures and Blockchain Ventures.
    The above is a detailed explanation of the characters and background of IOTX!