aitos.io & NCS jointly signed a MOU on 5G, IoT and Blockchain Solutions Platform

Singapore–China (Shenzhen) Smart City Initiative | aitos.io & NCS Pioneering 5G IoT + Blockchain infusion to drive a trusted database-concentrated Smart city solution

2021 marks the 30th anniversary of the establishment of progressive relations between China and ASEAN members. Chinese President Xi Jin-Ping helped to guide and cultivate this broad-minded direction during a telephone call with Singapore Prime Minister Mr. Lee Hsien-Loong. China & Singapore’s economies, social development, and bilateral relations are improving historically and stretching farther upstream to magnify guidelines for a digital economy and green sustainable developmental future. Significant highlights include cross-border and supply chain interconnections, as well as cooperation in the fields of trade, investment, smart cities, and climate change. These key drivers will help promote continuous improvements, further attesting to the quality and level of resilient cooperation between both countries. It signals a green light in the cooperative and collaborative direction for Shenzhen-Singapore cooperation.

The successful cooperation between Singapore and Shenzhen is not only an example of the ever-closer cooperation between many Chinese cities and Singapore, but also a foreseeable choice, mutually benefiting both countries. The Memorandum of Understanding (MOU) for the Singapore-China (Shenzhen) Smart City Initiative (SCI) between Ministry of Communications and Information (MCI) and the Shenzhen Municipal People’s Government was signed on October 15th , 2019 during the Singapore-China Joint Council for Bilateral Cooperation (JCBC) meeting in the presence of Chinese Vice Premier Han Zheng and Singaporean DPM Heng Swee Keat. Over the past two years of development efforts, Shenzhen and Singapore have promoted robust smart city cooperation efforts meticulously based on the MOU. The initial engagement leading up to today’s success started way back in June 2020. The first meeting of the executive committee was hosted by Shenzhen City and held online via video conference call, resulting in the first batch of 8 “Memorandums of Understanding on cooperation projects being signed. These projects ranged from involving electronic trade, mutual recognition of digital identities, exchange and training of scientific and technological talents, innovation and entrepreneurship, Cross-border arbitration.

As these collaboration efforts were culminating, the 2nd Singapore–China (Shenzhen) Smart City Initiative Joint Implementation Committee Meeting was being held during the morning of October 18th, in both Shenzhen & Singapore via an online video conference call. At this meeting, Shenzhen and Singapore signed four cooperation projects, including electronic invoices, 5G, IoT and Blockchain Solutions Platform , Robotics Development, Smart agriculture cooperation; and Digital Twin-enabled Solutions . It was mentioned that the designated cooperation projects are based on the steady progress leading up to the first batch of cooperation projects, combined with the positive direction of global economic development and the industrial advantages of Shenzhen and Singapore. Expectations are high to inject new vitality for bilateral cooperation and foster new opportunities.

At the signing ceremonies, Mr, Leo Lin, CEO of aitos.io, and Mr. Howie Lau, President of NCS jointly signed a memorandum of understanding (MoU) on 5G, IoT and Blockchain Solutions Platform. The two sides will actively develop digital innovation and establish a new partnership to realize comprehensive technological, commercial and ecological cooperation with the Internet of Things and Blockchain, which will serve to reinforce as a positive synergies with evolving bilateral business cooperation under the Singapore-China (Shenzhen) Smart City Initiative.

aitos.io blazes a new trail of innovation by launching an open-source Blockchain application framework known as the BoAT (Blockchain of AI Things) solution embedded into cellular IoT chipsets and wireless modules to run directly and concurrently on Blockchain platforms. BoAT technology enhances the integration of the Internet of Things with Blockchain platforms to energize business empowerment for the industry chain to advance both upstream and downstream benefits of Blockchain transformation. To help kick off this integration strategy, aitos.io jointly collaborated with 9 major cellular IoT module manufacturers, beginning in 2019 to create and launch the “Blockchain IoT Module Alliance”, thus helping to introduce commercially BoAT Blockchain IoT module products of their respective brands. aitos.io’s BoAT framework will empower hundreds of millions of IoT terminals to achieve trusted data credibility on-chain, thus instituting “a credible digital base with the potential to service a trillion-dollar IoT data market.”

On July 28th, 2021 aitos.io was invited by WanXiang Blockchain, a global leading Blockchain powerhouse, to unveil an ambitious Punggol Digital District (PDD) smart city project undertaken in Singapore. During the opening ceremony, Wanxiang Blockchain and Singapore’s Jurong Group (JTC), (an official agency under the Ministry of Trade & Industry), announced cooperation to build a world-class smart city based on Blockchain technology in the Punggol Digital District (PDD).

As a pioneering champion for the digital economy and a clean energy proponent for enterprises, WanXiang Blockchain is elated and fully committed to building a WanXiang Innova City footprint with Blockchain as the underlying structure. The planned “PlatONE+BoAT IoT Data Empowerment Platform” is jointly developed by Wanxiang Blockchain and aitos.io to ensure the credibility and security of the data on-chain for a trusted smart city project from the data source. At the same time, PlatONE was created by Wanxiang Blockchain and Juzix to support privacy computing to achieve privacy-preserving protection in data cross-domain circulation. aitos.io, Wanxiang Blockchain, and Juzix have created a secure and reliable database for the digital infrastructure of a trusted smart city, laying the foundation for efficient multi-party collaboration promoting urban governance and social economic activities!

Leo Lin, CEO of aitos.io said: “Singapore is one of the most important Fin-Tech centers in Asia, as well as being a pioneer in the integration and innovation of a green, low-carbon economic footprint for the digital economy. The key initiatives will be implemented in Southeast Asia and piggyback worldwide initiatives. The signing of this MoU with NCS reflects our long-term commitment to help governments and enterprises in the Pan Asia-Pacific Region for digital transformation by using the advantages of the Internet of Things + Blockchain technologies. “SCI” will play a key role in aitos.io’s Smart City innovations and overseas expansion strategy. By actively applying IoT and Blockchain technologies to various IoT + Blockchain fusion scenarios in Smart City innovations, we will work with NCS to enhance “SCI” cooperation. We will integrate underlying cross-regional IoT chip & Blockchain technologies, achieve further integration and innovation of the business environment, empower the industry’s green and low-carbon footprint development to help catapult the free-flow of integrated innovation for an evolving industry to keep pace with constant change.”

About aitos.io

aitos.io is a technology start-up focusing on the integrated innovation of IoT and Blockchain. By combining its own rich resources in the IoT industry, aitos.io has raised the standard for an open-sourced blockchain application framework BoAT (Blockchain of AI Things) with delivered via IoT chipset and module to enable IoT devices quickly implement trusted data on-chain and access the blockchain services. At the end of 2019, aitos.io and nine mainstream cellular wireless module manufacturers jointly initiated the Blockchain IoT Module alliance, and successively released their own brands of BoAT blockchain module products. This resulted in hundreds of millions of IoT devices equipped with the capability of blockchain services access as a trusted entry of IoT+Blockchain application. aitos.io’s vision is to leverage an alliance of global IoT vendors to empower them to tap the value of applications and data.

At the beginning of the project launch in the end of 2018, aitos.io received angel investment from the IoT industry expert group and strategic investment from Wanxiang Blockchain. In December 2018, aitos.io was awarded membership into ARM Accelerator Camp. In June 2019, aitos.io emerged as the founding member of China Unicom IoT and Wanxiang Blockchain IoT+Blockchain Joint Innovation Center. In November, aitos.io became a empowerment partner of Microsoft’s AI and IoT Lab . In August 2020, aitos.io transitioned into Tencent’s Blockchain Accelerator program as the first member. In February 2021, aitos.io joined RISC-V International as strategic member and initiated to form new Blockchain SIG (special interest group). In April, aitos.io initiated 1st China technical requirements standards for trusted blockchain access of IoT terminals.

Trusted identity authentication and privacy-preserving data computation solution for the enterprises of AIoT