IOST is an ultra-fast, scalable and secure blockchain network based on the next-generation consensus algorithm PoB(Proof of Believability). The firm is led by a team of seasoned experts and backed by world-class investors in its mission to become the underlying architecture for online services that meet security and scalability needs of a decentralized economy. The firm prides itself as an IOS as in Internet of Services and has a cryptocurrency, IOST which is native to its blockchain and a medium of exchange on the platform. IOST is based on the Ethereum blockchain and leverages it to offer users a way to exchange online services and digital assets.
BitValue Capital on the other hand is a Canadian web3 investment firm based in Toronto. The firm’s main objective is to invest in blockchain. Since it was founded, BitValue capital has had more than 15 years of experience making more than 150 investment cases that have created a value of more than $500 million. BitValue Capital offers services such as trading support, business development, IDO(Initial Decentralized-exchange Offering) Launchpad, exchange listing and project pools. Trading support comes complete with a trading strategy advisor, liquidity provision and tokenomics optimization.
BitValue Capital has announced a a $10 million strategic investment with IOST through a strategic long-term investment aimed at enhancing IOST’s mainnet capabilities and facilitate the continuous development of its ecosystem. The funds will also be utilized to facilitate advanced web3 and AI integration on IOST’s platform. While announcing the strategic partnership, BitValue committed to play an advisory role in helping IOST to:
Diversify the international expansion process centered around Hong Kong, conduct global marketing campaigns, further the development of the IOST ecosystem and introduce more institutions to support the IOST ecosystem.
This investment from BitValue therefore, shows IOST’s compliance to Japanese regulations and its development and enterprise level as a public chain and online services provider. IOST plans to upgrade its mainnet to achieve higher throughput and scalability therefore, make it a true web3 blockchain Operating System.
The advanced web3 and AI integration will give rise to IOST 2.0 Subchains. This will make the platform a true AI-native chain with a vast potential for development. AI can optimize the computation process to reduce network load and improve latency therefore, creating blockchain efficiency. Blockchain on the other hand can provide a record of AI’s decision making process through a decentralized immutable ledger. Combination of these 2 technologies will therefore, create immeasurable potential. For starters, this idea will give rise to high-quality decentralized applications.
IOST’s AI-native blockchain will leverage Proof of Believability mechanism to boost transparency. Under this mechanism, decentralized applications have the ability to call deep learning inferences within smart contracts while letting validators process this inferences. Validators will also receive rewards based upon the completion of processing inferences and therefore, effectively upgrading the ‘traditional proof of work’ mechanism.
