ITM will showcase zero-cost Ethereum Blockchain Notary Service (BNS) at the TTA Pavilion at the world’s largest technology event
TAIPEI, 28 July 2022 /PRNewswire/ — Award-winning Taiwan blockchain solution provider International Trust Machines Corporation (ITM) announced that it will present the Blockchain Notary Service (BNS) at CES 2022. The technology has been adopted by Taiwanese The Ministry of Justice as part of the latest initiative launched by the government to integrate blockchain technology with its legal sector. The startup will showcase its technology at the Taiwan Tech Arena (TTA) Pavilion at CES 2022
The capital injection from world-leading IC design house MediaTek and Taiwan-based electronics manufacturing giant Wistron has extended the international reputation of ITM, which has transformed its business focus from blockchain software development kit (SDK) to Platform-as-a-Service. With the launch of the ITM Blockchain Notary Service (BNS), the company has also addressed data trust issues that have plagued a number of industries.
Blockchain is a great solution for data validation and security, but the scalability issue of the technology poses a challenge for companies looking to use blockchain to cost-effectively record their vast amounts of data from IoT devices. With its cutting-edge technology, ITM aims to help businesses break through the bottleneck and allow them to take advantage of blockchain for IoT applications by targeting three common issues – scalability, privacy and cost.
“Connecting the SDK to enterprise systems is a very complicated process for most enterprises as it requires experienced blockchain engineers to complete the system integration. Previously, enterprises had to encrypt data, build a blockchain system and upload data on their own, which proved to be expensive and time-consuming .Using our BNS, businesses can now shrink a huge amount of data into a short string of digits, a 32-byte financial fingerprint can seal a million transactions with the ability to quickly audit selected data .It’s an easy-to-use one-stop- service that requires no effort from companies,” said Julian Chenco-founder and CEO of ITM.
ITM BNS leveraged its cutting-edge technology to provide businesses with the easiest way to connect their applications or data to Ethereum at no cost, allowing them to achieve greater efficiency and trust. It is also the first platform ever to link million-scale transactions for free to Public Blockchain Ethereum. It is possible thanks to the company’s cryptographic security algorithm that transforms into the Restful API under an exclusive security protocol to allow streamlined connection between the company’s data and public blockchain, achieving higher levels of security and low-cost TPS and IoT connections.
ITM BNS also allows companies to focus on building their system, while easily establishing reliable transaction history, timestamp, device ID and other related information, facilitating smooth communication between different devices. The service has three interfaces, including a web app for everyday users, an API for developers, and an IoT SDK for Edge devices.
For more information, please visit https://bns.itrustmachines.com/login.
About International Trust Machines Corporation (ITM)
Founded in January 2019 in Taiwan, International Trust Machines Corporation (ITM) offers Blockchain Notary Service as a solution to the scalability problem of public ledgers. Since its establishment, ITM has worked with local and international organizations to further promote innovative blockchain solutions. Its customers and strategic partners include Qualcomm, Microsoft, MediaTek, Acer, Kneron and others.
The provider of blockchain solutions has won the first runner-up at the Qualcomm Innovate i Taiwan Challenge 2019 (QITC 2019), it was also among the 80 startups selected by Taiwan Tech Arena to exhibit innovative products at the TTA Taiwan Tech Pavilion at CES 2020. ITM received pre-A round funding from global leading IC design house MediaTek and leading electronics manufacturer Wistron. The investment has given ITM increasing foreign interest.
ITM facilitates trusted transactions with its zero-cost Blockchain Notary Service.
SOURCE ITM
