Lenovo New Vision (LNV) And Credits Blockchain To Collaborate On Internet of Things Project
Lenovo New Vision And Credits Collaborate To Promote Further Development Regarding The Internet Of Things
Credits is a blockchain company, and they have been looking for a way to improve the development of the Internet of Things. Since their work has been limited to blockchain software, they decided to collaborate with Lenovo New Vision (LNV) to make greater strides in the Internet of Things. Along with this effort, LNV is working on adding Credits’ blockchain technology to help them with internal operations.
The reason that LNV decided to choose Credits is based on the technical solutions they offer, which are primarily consisting of Delegated Proof of Stake and Byzantine Fault Tolerance. They also offer smart contracts that help to manage security on the blockchain. This platform can handle up to 1 million transactions every second, while charging fees as low as $0.001. However, the smart contracts offered by Credits allows the creators to create a schedule for transactions and interactions. Furthermore, with the API and SKD kit involved with their protocols, platform users have the option to establish self-executable service apps.
LNV comes from Lenovo Capital, which is one of the first companies to offer AR solutions for their infrastructure, platform development, hardware support, and more. The AI/AR solutions have already been used for industries like public security, medical fields, and education. According to Credits CEO and Founder Igor Chugunov, “The Internet of Things and Augmented Reality are already changing the way we interact with the world. We are excited to partner with AR titan Lenovo New Vision. I see the combination of AI/AR and IoT revolutionizing the business environment.”