- IoTeX is a fast, secure and fully decentralised platform that connects real world devices, data and utility to blockchain dApps (decentralised apps).
- It hosts an ever-growing ecosystem of projects and products developed by members of the IoTeX community.
- They call their vision the Internet of Trusted Things.
Website: https://iotex.io/
What is IoTeX?
The platform is the host of an ever-growing ecosystem of projects and products that have been developed by members of the IoTeX community. Their vision, the Internet of Trusted Things, comprises a decentralised ecosystem where humans and machines can interact with guaranteed security and trust.
“IoTeX is building the first decentralised ecosystem where humans and machines can interact with guaranteed trust, free will, and privacy. We envision a future where self-sovereign users will exclusively own and control their devices, as well as the data and value they generate. We believe everyday people and businesses, not self-serving institutions, should be the ultimate benefactors of the future machine economy. We call our vision the Internet of Trusted Things.“
What makes IoTeX different?
The company prides itself on being fully decentralised with 100 delegates. As well as this, IoTeX asserts that it is the first blockchain platform to connect real-world data to dApps. Excitingly, each transaction made with the company is “practically instantaneous and only costs a fraction of a cent”, providing more options for users.
One of the most important things to many people is the security of a platform, and how well protected their data is. IoTeX states that they boast one of the best cryptographic security systems in the blockchain space, meaning users can rest easy knowing they are protected.
“Using blockchain and secure hardware, IoTeX not only addresses the IoT’s shortcomings in security, privacy, and interoperability, but also empowers users to capture value from the data/devices they own. With IoTeX, global citizens can finally break free from the shackles of centralised business models and find solace in our decentralised, user-owned ecosystem.”
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What is the Internet of Trusted Things?
The Internet of Trusted Things is IoTeX’s vision of a decentralised ecosystem where humans and machines can interact with guaranteed security and trust.
“Powered by the IoTeX platform, the Internet of Trusted Things is the first open, safe, and human-centered ecosystem of self-sovereign devices and users. With the Internet of Trusted Things, we can finally have peace of mind knowing our data, identity, and privacy is owned by us, not institutions.”
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