Intelligent Living Application Group Inc. announced plans to develop and launch home security devices incorporated with blockchain technology, and that it has engaged a Hong Kong-based systems development company, China Star Technology Development Limited ("China Star"), to develop smart home products and devices in order to enter and compete in the smart home and IoT market. China Star will undertake the technical product development work and Intelligent Living will own all the rights for the new products, devices, applications and related intellectual property including the software used in the systems. The Company foresees that the technical product development work will entail encryption and communication security for home products utilizing blockchain technology. In addition to smart locks, such smart home security products could include audio /video (AV) control systems, climate control technologies and closed-circuit television (CCTV) surveillance cams.
Intelligent Living Application Group Inc.
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