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Building a machine network based on blockchain to create a new IoT era

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Mankind is entering the era of “connection of all things”

Recently, the Ministry of industry and information technology released the key industries and application scenarios of “5G + industrial Internet”, marking that China’s 5G application has shifted from exploration to promotion. 5G has three characteristics: high speed, low delay and wide connection, which will promote the consumer Internet forward to the industrial Internet, and finally build an intelligent world of “everything connected”.

The essence of industrial Internet is to use information technology to closely connect the equipment, production lines, factories, suppliers, products and customers in the industrial manufacturing industry, which is across the equipment, system, and region, so as to improve efficiency and promote the intellectualization of the whole manufacturing service system. The 5G application scenarios released recently, such as collaborative operation and flexible manufacturing, indicating the importance of industrial Internet to achieve broader and deeper social cooperation. It is through this large-scale cooperation that human civilization makes progress continuously.

Large-scale social cooperation could be divided into two patterns: the first is centralized, with hierarchical “command-feedback” chain and mutual principal-agent relationship as the core characteristics. The typical representatives are government, bureaucratic organizations and military units; the second type is decentralized, represented by market mechanism. There is no central planning or unified coordination. The participants of the mechanism, based on cost-benefit calculation, promote the overall interests through automatic division of labor and exchange. On the social level, the efficiency of decentralized market mechanism is higher than that of centralized command mechanism. In the future mass machine equipment connection (mMTC) network, a decentralized and value exchange based large-scale collaboration among machines can be realized by introducing market mechanism. Therefore, the industrial Internet in the digital era is not only the Internet of factory manufacturing, but also a distributed network and governance structure. All enterprises can safely join this network to realize manufacturing services, integrated innovation and value sharing.

Sharing mechanism in large scale machine cooperation

Although large-scale collaboration between machines has great value potentially, it still faces problems such as privacy protection, trust between agents and higher demand of computing power of large-scale collaboration.

Therefore, the solution design of the industry is to adopt the pattern of “machine network + blockchain”. The role of Cloud in traditional industrial Internet, such as using the smart contract based on the blockchain to realize the value measurement, distribution and settlement of large-scale cooperation. Finally, it would make the large-scale cooperation of cross-border and public affairs more credible and efficient.

1) Effective data confirmation

The reason why blockchain has become the key to the future industrial Internet is that it integrates technologies such as cryptography, peer-to-peer network, consensus mechanism, and forms a new way of data recording, transmission, storage and presentation, so as to construct a decentralized pattern, which can effectively confirm the data rights. In the industrial Internet, the integration of blockchain technology can solve the problem of mutual trust and cooperation among multiple players, as well as the problem of industrial enterprises’ control over their own data.

2) Reducing the transaction cost of multilateral platform

With the development of global market and the subdivision of supply chain, the participation cost of complex business activities is no longer “bilateral”, but “multilateral”, and the establishment of trust relationship is more and more expensive. Blockchain technology can build a peer-to-peer and unified platform for business activities. At the same time, it can significantly reduce one of the trust costs in transaction costs to be commercially feasible. Participants in business activities will move from traditional “bilateral platform” to “multilateral platform”. While scale effect is formed, the trust cost will not increase too much.Finally, it will be superimposed into an ecological effect, forming a viable business model.

3) To solve the problem of Isolated Data Island by privacy computing

Although blockchain can play a significant role in solving trust, cooperation and other problems in industrial Internet, it still has some defects in data value mining and privacy protection. Therefore, blockchain also needs to combine with privacy computing. Privacy computing can not only realize data sharing under privacy protection, ensure the authorization of privavy data, but also prevent malicious eavesdroppers or others from accessing the original data or data calculation results. In the industrial Internet, the core data is still kept in the enterprise. Under the premise of meeting the needs of data privacy security, privacy computing enables enterprises to use massive industrial data more efficiently and accurately, solving the problem of Isolated Data Island. Furtherly, it enhance the value of data in the process of sovereign ownership and rights sharing, and realize the two-way empowerment of various enterprises.

PlatON helps intelligent interconnection of Machine Networks

PlatON is a privacy computing network based on cryptography algorithm. As a global leader in blockchain industry, it can effectively solve the problems about Big Data managemen in the industrial Internet by its existing technical advantages, and provide a safer infrastructure based on privacy protection and edge computing capability. Firstly, PlatOn’s powerful encryption algorithm technology can provide trusted device authentication, multi-channel data transmission and data storage services for industrial Internet, and enhance the security of device system; Secondly, PlatOn’s new computing architecture can make full use of the computing resources of adjacent nodes, provide strong computing support for the industrial Internet, and comprehensively improve the timeliness of services. Finally, PlatOn’s privacy protection and multi-party secure computing (MPC) technology can support collaborative analysis of massive data and integration of diverse scenarios

On April 30, 2021, the PlatON privacy AI computing network obtained the community license with 80.6% support rate, and the current pre-deployment network has officially become the main network. PlatON will gradually establish a multi-agent collaboration and computing network for the future, and promote industrial civilization and human society from “interconnection of all things” to “intelligent connection of all things”.

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i-payout Introduces a New Approach to Payments, Closing the Beneficiary Information Gap

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Fort Lauderdale, USA, October 6th, 2026, FinanceWire

New payment delivery solution enables businesses to initiate payments with limited beneficiary information while giving recipients a secure, streamlined way to receive their funds.

International Payout Systems, Inc. (“i-payout”), a global payments technology provider, today announced a new payment delivery solution designed to modernize how businesses issue refunds, claims, reimbursements, and other payments when complete beneficiary payment information is not readily available.

Across industries including insurance, travel, e-commerce, e-sports, consumer products, and corporate services, businesses routinely encounter the same challenge: they know who needs to be paid and how much they are owed, but they may not have the banking, card, or other payment information necessary to deliver the funds.

i-payout’s Solution Changes That Process

Rather than requiring businesses to collect and maintain sensitive payment credentials before initiating a reimbursement, businesses can submit available beneficiary information, such as an email address, payment amount, and transaction or claim reference. i-payout then facilitates a secure digital payment experience that allows the beneficiary to provide the information required to receive the funds and select from available payment delivery options.

Traditional payment delivery processes can involve manual outreach, incomplete banking instructions, returned payments, and lengthy exchanges between businesses and beneficiaries. These processes increase operational costs while delaying access to funds.

Once a reimbursement is authorized, the beneficiary receives a secure notification directing them to complete the payment process by following secure, intuitive, self-guided steps.

This approach enables businesses to separate the decision to authorize a payment from the operational challenge of managing the payment delivery.

The solution is designed to support organizations managing high volumes of payments to individuals and businesses, including insurance claim reimbursements, airline and travel reimbursements, customer refunds, corporate and vendor reimbursements, and many others.

By centralizing beneficiary onboarding, payment information collection, payment-method selection, and disbursement within a single workflow, i-payout helps businesses replace fragmented reimbursement processes with scalable payment infrastructure.

Companies like Riot Games recognize that the future of reimbursements requires a more automated, seamless, and beneficiary-centric approach. Modernizing the refund process can significantly reduce the time between payment obligation and payment delivery, while eliminating many of the manual processes and operational complexities traditionally associated with issuing refunds. By leveraging an interoperable payment infrastructure, businesses can initiate reimbursements using the beneficiary information already available and allow recipients to securely complete any additional requirements and select their preferred method of payment. This creates a frictionless end-to-end process while providing beneficiaries with greater choice, convenience, and faster access to their funds.

The result is a fundamental shift in how these payments are managed: transforming what has historically been a fragmented process into a streamlined digital payment experience that benefits both the business and the beneficiary.

“The reimbursement market has historically focused on the question of how to move the money. We believe the bigger challenge starts one step earlier: How do you pay someone when you know money is owed but don’t have everything required to deliver it?” said Eddie Gonzalez, President & CEO of i-payout. “Our solution is designed to close that gap. The business tells us who needs to be paid and how much is owed. We provide the technology that enables the beneficiary to securely complete the payment journey and receive their funds.”

As consumers increasingly expect payments to be digital, fast, and convenient, reimbursement and refund experiences have often remained disconnected from the advances occurring elsewhere in payments. i-payout aims to change that.

By combining beneficiary engagement, secure information collection, payment orchestration, and global payment capabilities, i-payout is building infrastructure designed to turn reimbursement and refunds from a back-office process into a modern digital payment experience.

About i-payout

International Payout Systems, Inc. (“i-payout”) is a global payments technology company providing businesses with solutions for distributing funds to individuals and businesses across markets and payment methods. 

Its technology supports enterprise payment programs requiring recipient onboarding, payment delivery, transaction management, payment tracking and configurable disbursement workflows. 

About Riot Games

Riot Games was founded in 2006 to develop, publish, and support the most player-focused games in the world. In 2009, Riot released its debut title, League of Legends, which has gone on to be one of the most-played PC games in the world. In the years since, Riot has released VALORANT, Teamfight Tactics, Legends of Runeterra, League of Legends: Wild Rift, Riftbound and 2XKO. Riot’s titles have led to the creation of some of the most-watched and widely recognized esports in the world, culminating in events like the League of Legends World Championship, VALORANT Champions Tour (VCT) and the TFT Open, which are watched by millions of fans each year. Riot has also expanded its IP through multimedia projects across music, comic books, board games, and Arcane, its Emmy-winning animated series.  

For more information regarding i-payout’s services, please email discover@i-payout.com.

Contact

CEO
Eddie Gonzalez
International Payout Systems Inc. “i-payout”
discover@i-payout.com
954-513-3151

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Press Release

New Generation of Crypto Miners Released by ASICID

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Hong Kong, Hong Kong, October 6th, 2026, Chainwire

ASICID Inc. has released its IDMINER Series, a new lineup of cryptocurrency mining systems designed for Bitcoin, Litecoin, and Dogecoin mining.

The series includes the IDMINER HomeRack, IDMINER 2 and IDMINER 1, with configurations ranging from 1,150 TH/s to 9,600 TH/s of Bitcoin hashrate and from 350 GH/s to 3,200 GH/s of Litecoin and Dogecoin hashrate.

The three models are designed for different mining setups, from individual and home miners to professional and larger-scale operators.

IDMINER Series Specifications

IDMINER HomeRack

  • Bitcoin hashrate: 9,600 TH/s
  • Litecoin/Dogecoin hashrate: 3,200 GH/s
  • Power configuration: 4 × 1,300W
  • Estimated monthly mining revenue: up to $25,590*

IDMINER 2

  • Bitcoin hashrate: 2,400 TH/s
  • Litecoin/Dogecoin hashrate: 800 GH/s
  • Power consumption: 1,300W
  • Estimated monthly mining revenue: up to $6,390*

IDMINER 1

  • Bitcoin hashrate: 1,150 TH/s
  • Litecoin/Dogecoin hashrate: 350 GH/s
  • Power consumption: 700W
  • Estimated monthly mining revenue: up to $2,790*

*The revenue figures are estimates based on network conditions, cryptocurrency prices, and mining difficulty at the time of publication.

Designed for Simpler Deployment

The IDMINER systems are delivered pre-configured and tested before shipment. Users can connect the miner to power, connect via WiFi or Ethernet, enter their preferred mining pool information, and begin mining.

The systems support major mining pools and also provide access to ASICID’s Zero-Fee Mining Pool option.

Other features include thermal management and hardware testing before shipment.

Built for Bitcoin, Litecoin and Dogecoin Mining

ASICID develops and manufactures its mining hardware through an integrated production process that includes research and development, hardware engineering, assembly, thermal testing, and quality assurance.

The company is headquartered in Hong Kong with additional operations in the United States and serves individual miners, professional mining businesses, and institutional operators.

With the IDMINER Series, ASICID is targeting miners looking for high-hashrate hardware with straightforward deployment and power requirements suited to ongoing mining operations.

For more information about the IDMINER Series, users can visit www.asicid.com.

Contact

Peter Lam
media@asicid.com

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Press Release

Vstock Transfer Names Securities Industry Veteran Erica Goodstein General Counsel and Chief Compliance Officer

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New York, USA, October 6th, 2026, FinanceWire

Vstock Transfer today announced that Erica Goodstein, a veteran securities attorney with over 26 years of experience, has joined the firm as General Counsel and Chief Compliance Officer. Erica joins Vstock Transfer after more than a decade as Assistant General Counsel at Equiniti and American Stock Transfer & Trust Company, LLC where she served as a lead attorney supporting the company’s legal and regulatory functions, advising executive leadership and the board on corporate strategy and risk management. Earlier in her career, she spent nearly 14 years as an attorney at Skadden, Arps, Slate, Meagher & Flom LLP, handling complex domestic and international commercial litigation and related matters spanning securities, intellectual property, bankruptcy, real estate, and corporate takeover disputes.

“Erica’s experience speaks for itself and having her lead our legal and compliance function reflects exactly where Vstock Transfer is headed,” said Seth Farbman, Chairman and Co-Founder of Vstock Transfer.

“Erica joins us at a pivotal moment,” said Yoel Goldfeder, CEO of Vstock Transfer. “While her experience will be valuable in our existing services, including SPAC and de SPAC transaction services, proxy solicitation, and annual meeting services for the issuers we serve, Erica’s background will also help us expand well beyond core transfer agency work with AI, blockchain and related corporate services. Having someone with her background gives our clients, and prospective clients, real confidence in the governance behind that growth.”

“What drew me to Vstock Transfer is the momentum,” said Goodstein. “The caliber of companies coming to this firm and the scope of services being rolled out reflect a firm that, even after fifteen years, is scaling deliberately. I am looking forward to building on the legal and compliance foundation and roadmap to match that growth.”

About Vstock Transfer

Vstock Transfer is an SEC-registered stock transfer agent providing transfer agency and corporate action services to public companies on Nasdaq, NYSE, and the OTC markets. Services include DWAC and DRS processing, dividend distributions, proxy solicitation, annual meeting support, virtual meeting hosting, as well as SPAC and de-SPAC transaction services.

Contact

Chairman
Seth Farbman
Vstock Transfer
Seth@vstocktransfer.com

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