ILAG stock soars after plans for home security products with blockchain tech

Intelligent Living Application ( NASDAQ: ILAG ) on Monday announced plans to develop and launch home security devices incorporated with blockchain technology. The company said it has engaged China Star Technology Development 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. Press Release . Shares +46% at $1.81 after hours.