The IoTeX blockchain supports a variety of IoT ecosystems such as the sharing economy, smart home, supply chain management, and device identity management. IoTeX supports a diverse developer community including IoT hardware manufacturers, IoT device control systems, smart home apps, supply chain data integrator, data crowdsourcing vendors, and autonomous cars manufacturers. The sharing economy has exploded in the last few years to encompass rides sharing, home sharing, bike sharing, and even small item level sharing like battery banks and umbrellas. IoTeX can power many sharing economy applications without existing privacy issues and make the network decentralized and more efficient. For example, a smart lock could be installed on each shared bike which talks to a subchain powered by IoTeX’s root chain to facilitate pay-to-unlock, where the smart contract running on the subchain could be used for deposit and payment management without worrying about a centralized party could grab the money and run. For smart home applications, the private cloud, backend infrastructure used by many IoT manufacturers comes with high maintenance costs and high risks of being hacked and leaking user data. In contrast, IoTeX blockchain manages the devices within a well-scoped subchain that interacts with a public chain only when necessary. It’s likely in 10 years that every home will be filled with hundreds or thousands of smart devices, all connected to a private subchain. Some devices will collect data at home and retain it on the subchain and some devices will consume the data to make the home “smarter.” Powered by IoTeX’s smart contracts, devices can be autonomously coordinated without human intervention. Each IoT company can run its own ecosystem based on the IoTeX public chain and create their subchain and token using IoTeX developer tools. Tokens can incentivize users to advocate for their application and stick with the ecosystem because as it grows, so does the value of the tokens they have. Their ecosystem expands rapidly because each user can be their marketer as well. IoTeX empowers IoT companies to reconstruct their businesses using blockchain technology to benefit from the fast-growing global token economy.