Description
The Flowchain’s real-time ledgers which aim to provide a distributed IoT ledger innovation to the industry. Flowchain’s hybrid blockchain technology based on Flowchain and PoW blockchain networks can ensure data privacy and immutability collected from the IoT devices such as IP cameras, and other hardware connected with the Internet.
The Flowchain project began its journey in 2015, rooted in the vision of creating a decentralized platform that could integrate blockchain technology with the Internet of Things (IoT). From 2015 to 2017, Flowchain published several peer-reviewed papers, laying the scientific and technological groundwork for what would become a pioneering solution in the IoT space. These publications detailed the methodologies and innovations that would form the core of Flowchain's hybrid blockchain architecture.
The project took a significant step forward on December 23, 2016, when Jollen Chen, the creator of Flowchain, committed the initial working prototype to the Flowchain repository. This prototype represented the first tangible implementation of the Flowchain concept, showcasing the potential of a decentralized IoT network. The initial commit can be viewed at Flowchain's GitHub repository (commit hash: 189caf2625b82d3459dcd7ee611bfcc36afde2be).
On June 26, 2018, Flowchain launched its first working testnet, marking a major milestone in the project's development. Alongside this, a comprehensive open-source project was made accessible to the public via GitHub, allowing developers and enthusiasts to explore and contribute to the ongoing development of Flowchain's decentralized IoT solutions.
FLC, the utility token of the Flowchain platform, was initially issued on July 1, 2018. The issuance of FLC on the Ethereum blockchain with a max total supply of 1,000,000,000 tokens provided the foundation for powering transactions within the Flowchain ecosystem and granting holders access to the platform's patented technologies.
The success of Flowchain's early development efforts culminated in the closing of Private Sale A on December 31, 2018. This private sale provided token holders with access to the open-source project and the testnet, ensuring that the Flowchain network was operational and robust even before the private sale concluded.
In 2024, Flowchain achieved a significant milestone by being granted two U.S. patents. These patents cover foundational aspects of Flowchain’s hybrid blockchain and Public-Private Key Infrastructure (PPKI) technologies, solidifying its position as a leader in the decentralized IoT space. The patents not only protect Flowchain's intellectual property but also allow FLC holders to obtain licenses, further integrating the community into the platform’s growth and innovation.
Today, Flowchain stands as a leader in the decentralized IoT space, leveraging its innovative hybrid blockchain architecture and Public-Private Key Infrastructure (PPKI) technology to enable secure, scalable, and real-time data processing across IoT networks.