Internet of Things

IoTeX began our journey in 2017 to build the Internet of Trusted Things, where all physical and virtual “things” — humans, machines, businesses, and dApps — can efficiently exchange information and value at the global scale. Throughout the past two years, we built IoTeX from scratch and devoted ourselves to delivering new innovations to the blockchain industry. This is manifested in Mainnet Alpha, which delivers a state-of-the-art Root Chain on which new Layer 2 chains, tokens, dApps, and businesses will be launched. The IoTeX Mainnet serves as the origin for the Internet of Trusted Things. Our vision is much more than just adding trust to today’s IoT devices. Rather, by acting as a decentralized trust fabric for ALL physical and virtual things, IoTeX will drive end-to-end trust throughout the entire information life cycle, including collection, transport, storage, and utilization. This means data and assets can be shared by all types of “things”, enabling new decentralized business models involving humans, machines, businesses, and dApps:

• Humans can seamlessly transact with machines in new sharing economy and data-as-a-service use cases
• Machines can interact directly with other machines to power decentralized autonomous organizations (DAO)
• Businesses can collaborate with other businesses to achieve new levels of collective intelligence and impact
• Humans, machines, and businesses can access trusted dApps to perform various processes/tasks with full data privacy

The Internet of Trusted Things will change the world; however, it takes a special kind of blockchain to bring this vision to reality. IoTeX is the only blockchain platform capable of powering the Internet of Trusted Things. From Day 1, we made upfront design decisions to tailor fit IoTeX to support data privacy, trusted computing, large-scale IoT, interoperability, and big data use cases. By serving as the infrastructure to unify all “things”, IoTeX will power the new decentralized economy.

Read more in our blog ▶️https://medium.com/@iotex/everything-you-need-to-know-about-iotex-mainnet-alpha-b8d790e0bd55