What is INT Chain

About INT

INT is a company that provides applications related to the Blockchain. Its main goal is to “build a new ecosystem of the Internet of Things (IoT)”. It has a comprehensive smart ecological chain, DeFI, NFT, and IoT applications. INT is the world's first bottom up new-generation blockchain of things (BoT) communication standard and base application platform. It utilized advanced decentralized P2P protocol, which makes heterogeneous decentralized applications possible. It provides a complete development framework for developers. It is fast, highly scalable and secure. It can compete and interact with the top blockchain platforms due to a lot of innovations. Additionally, it can adapt to the latest technology and upgrade its systems at the same time.

History of INT

Since the beginning of 2017, INT Chain has continuously upgraded its mainnet, from version 1.0 to 4.0. It started in 2017 and made a lot of iterations. Finally, this summer, INT presents a fully fledged application platform and it has then been branded as the “Leading blockchain in China”. With its recent upgrade, it can now easily adapt to the latest technology providing high standard applications.

IoT

Based on experts’ opinions, China will be able to surpass the United States for having the biggest Internet of Things in the world. This may happen at any time on or before 2024. China has been spending on technology, which drives this growth. The country continuously invests in IoT and in fact, about $300 billion dollars will be spent by 2024. With this, the annual growth rate of China will be 13% in the next five years.

IoT space is the ultimate goal. IoT and blockchain go hand in hand and INT can have a share of this growth.

China

China’s stance against crypto has changed. Just recently, the deputy governor of the Central Bank of China, Li Bo, disclosed that cryptocurrencies like Bitcoin should be utilized as investment instruments or investment alternatives. This is the first time ever China acknowledged Bitcoin as something of value. The deputy governor also added that while Bitcoin is not a real currency, it can pretty much be an alternative investment product.

With this, it’s legal to hold digital currencies. INT has some strong connections to the government and the company believes that this connection can benefit not just our business but our clients as well. One of the company’s partners is Chinese Academy of Sciences and BSN. Blockchain is part of the one belt one road initiative and as long as we keep track of the government’s activities relating to the Blockchain, we’ll be updated.

Our Team

Our team has rich experience in IoT and most of the people we have come from large companies like Huawei. The team consists of 20 engineers and business developers. It has Liu Zhicong, the former Chief Engineer of Thunder Chain--a real p2p legend in China. We also have Chen Guanghui, who is a veteran from Huawei and he leads the DApp development. Some of the brightest people have worked on INT Chain.

What's coming up?

The new mainnet is currently under heavy testing by the team and community. The results are very promising and the release of this new version is in the near future. By August or earlier, we will launch this new mainnet. Additionally, there is a new Whitepaper release this month, and a lot of upcoming competitions/hackathons and similar activities to start building. We have a technical roadmap that shows the upcoming events.

This year we will see a couple DeFI applications, such DEX for the ecosystem of INT and beyond (decentralized exchange), NFT (Non fungible tokens exchange, stable coins, lending service, insurance application and many more. Also, interoperability with the top blockchains like BSC, Polka, ETH, HUOBI and more are on the way.