IoTeX began its journey in 2017 with the creation of the Internet of reliable things. It is a place where all physical and virtual “things” - people, machines, enterprises and DApps - can effectively share information and value on a global scale. IoTeX is backed by a large team of leading scientists, researchers and engineers. The resource also combines blockchain, reliable hardware and data anonymity. This set of characteristics enables the potential of the IoT (Internet of Things) to be realized.
Contents:
The main goals of IoTeX
The main goal of IoTeX - to empower the Internet of trusted things and provide end-to-end trust. At the moment, the resource does not have a separate token. There is also no WhitePaper. Therefore, if you want to familiarize yourself with the principles of the platform, go to the official website in the "Support" section. Also, the platform has many social networks: Twitter, Facobook, Telegram and Youtube. IoTeX will serve as a separate framework. This will allow you to connect and instill confidence in all "things". On the site, all units undergo a standard check. This allows them to cooperate in a P2P communication mode. The main goal - to replace unverified intermediaries with fully trusted code. In this way, the service will create a business model, based on trust. It is going to create the following types of collaborative work on the network:
- Firstly, there is direct cooperation between humans and machines. It is possible in cases of using data or devices as a service.
- Secondly, the exchange of data and payments between machines to provide separate autonomous organizations (DAOs).
- Thirdly, companies and other businesses collaborate to share data.
In addition, more opportunities will appear to create reliable workflows.
Development and improvement of dapp
The project team has always believed that the resource will change the world. However, this required a holistic platform such as IoTeX to make this vision a reality. From day one, the industry-leading team made platform decisions to fulfill their product vision. The main tasks were to create secure IoT equipment. There was also a request to create interoperability and anonymity.
Due to the lack of a RoadMap, you cannot track the phased development process, but you can evaluate the final product. After the platform was brought to the final point, the team faced the task of attracting customers. In this regard, a daily lottery has been developed. You can get bonuses for referring friends. And the next step was to create the first secure IoT devices with independent verification. The launch of this function took place in 2019. The team announced the development of such devices:
| Trusted tracker | Pebble |
| Home IP Camera | Ucam |
| IoT-gateway | AvoBoard |
In addition to being blockchain-enabled, these devices also create complete security. This is what makes "things" unique.
IoT data markets
Full data verification allows you to buy, sell and exchange assets without the need for a third party to be present. In typical schemes, an intermediary is always required. Blockchain is a fully trusted data broker. The complete security guarantee is what sets IoTeX apart from all other blockchains and standard solutions. IoTeX provides end-to-end trust for a variety of use cases and empowers a new future. This is possible thanks to the best blockchain technology. Protected equipment and data services also play an important role.