IOT Group releases its Web-based Blockchain Application Centre
Following delays with the planned Blockchain Application Centre (“BAC”) in the Hunter Valley, IOT
Group Limited (ASX:IOT) (“IOT” or “the Company”) has developed a web-based BAC platform to
provide customers with an alternative means to mine crypto-currencies. IOT is pleased to announce
that the BETA version has been released today.
Blockchain-mining is a process where miners are rewarded with crypto-currency, such as Bitcoin and
Ethereum, in exchange for providing the computing power needed to maintain the network. IOT has
built a network of crypto-currency mining providers, across the globe to mine crypto-currency. The
web-based Blockchain Application Centre (“BAC”) platform provides customers with access to these
networks, through its simple to use web service. The networks own mining computers, known as rigs.
These rigs perform the complex crypto mining operations on behalf of the customer, depositing coins
mined into the customers’ digital wallets.
IOT has today released the BETA version of the web-based BAC with eight packages available to
customers. It is expected that the BAC platform will generate immediate cash inflows to the Company
from up front and subscription-based packages.
IOT intends to build on this service over the coming months by offering new Blockchains to mine and
to create a central hub of news and information for the Blockchain-mining customer.
“IOT’s Blockchain Application Centre website service is expected to deliver immediate cash inflows
through its upfront payments and subscription service. IOT is hoping that this service will generate
great interest for customers that wish to be involved in the Blockchain evolution,” comments Mr. Mark
Roper, General Manager of IOT Group Limited.
The Blockchain Applications Centre Web Service is at cryptofreeway.com
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