IoTeX (IOTX) is the next generation of IoT-oriented blockbuster platform with huge scalability, confidentiality, isolation and the ability to develop for incubating new applications and IoT ecosystems. IoT has developed rapidly over the past few years, but there are not enough real “killer applications” (revolutionary innovations). McKinsey predicted that by 2025 the IoT industry will be able to reach a performance of 11.1 trillion by economic indicators. dollars per year. Despite the potential of IoT, there are a number of obstacles to development: lack of scalability, privacy issues and lack of functional values. IoTeX solves these problems by introducing the “blockchain-in-blockchain” architecture with a token-economy. By combining the token of stimulation with community efforts, we believe that we can direct the crowdsource industry and the community’s talents to solve these technical problems in the development of IoT.
IoTeX Website: https://iotex.io/
IoTeX Twitter: https://twitter.com/iotex_io
IoTeX Telegram: https://t.me/iotexchannel
Raullen Chai (Co-Founder) – Ph.D and Research Scientist in Cryptography at UWaterloo. Head of Crypto R&D at Uber, Security Engineer at Google. 8+ years of experience in cryptography and blockchain.
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