IoTeX

IoTeX (ERC-20) A blockchain for the Internet of Things

1 – What is IoTeX ?

  1. Our world is powered by over 35 billion smart devices that generate a vast amount of data.
  2. This data is primarily controlled by corporations that are part of a multi-trillion dollar Internet of Things (IoT) industry.
  3. IoTeX aims to change this status quo by building a future where IoT empowers users, not coorporations.
  4. The team’s vision is to create a connected world where users own their own data, identity, and devices, and can control how and when their data is used.
  5. IoTeX’s blockchain is designed to be secure and safe – allowing apps to make use of trusted data, from trusted devices.
  6. With IoTeX, users have full control of their data, and can even earn crypto assets by supplying data to the IoTeX ecosystem.

Question – About how many smart devices are active today ?

  • 500 million
  • (YES) 35 billion
  • 5 billion
  • 15 billion

2 – How does IoTeX work ?

  1. This is Amy. With IoTeX, Amy enjoys a secure lifestyle that rewards her for the data she generates with her smart home and electronic devices.
  2. Amy’s IoTeX-powered smart watch tracks her sleep and fitness while giving her the peace of mind that only she can access her sensitive data.
  3. Amy also earns IOTX tokens for driving safely, and lowers her insurance costs by proving she smart-locks her home.
  4. Amy’s solar panels also capture excess energy that she can trade with her neighbor.
  5. Using physical devices for economic activity is often called “machine finance” or MachineFi.
  6. IoTex redistributes a portion of hardware registration fees to token holders, allowing users like Amy to benifit from every device added to the IoTeX blockchain.
  7. To see what’s possible, you only need IOTX tokens and an IoT device such as a smartphone or smart watch.

Question – How can you earn crypto with IoTeX ?

  • buying smart devices
  • Selling your data
  • Staking your data
  • Generating data with smart devices

3 – The future of IoTeX

  1. IoTeX is designed to bridge the gap between data in the physical world and the digital ecosystem of blockchains and decentralized apps (dApps).
  2. IoTeX’s MachineFi hardware includes Pebble, which allows secure tracking to bring verifiable, physical data to IoTex apps.
  3. Users like Amy can also use IoTeX devices like the CES award-winning camera, Ucam, to help keep her home secure.
  4. IoTeX is currently focused on growing its network of real-world data oracles – trusted sensors and devices that offer verifiable sources of data.
  5. This growth will enable the emergence of new IoT-powered DeFi use cases, like MachineFi assets or prediction markets backed by real world data.
  6. Since IoTeX’s launch in 2017, over 8,000 devices in 62 countries have begun actively providing data to the network.

Question – What devices does IoTeX offer for sale ?

  • Smart speakers
  • UCam security camera and Pebble data tracker
  • Smart car
  • Smart umbrella