#DeFIoT: Unlocking the Trillion-Dollar IoT Data Market

IoTeX Team
2 min readAug 27, 2020

Smart devices are emerging in our homes, cities, and businesses at a blistering rate. Every second, hundreds of new devices are activated, adding to the 20 billion devices already installed across the globe. Even ordinary objects like doors, lights, and vehicles are being equipped with WiFi and sensors that make them “smart” — a phenomenon called the Internet of Things (IoT). Whether you are a homeowner using a security camera to protect your family, a farmer using drones to optimize crop yield, or an athlete using wearables to track your workouts, the IoT is impacting everyone and everything.

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About IoTeX

Founded as an open source platform in 2017, IoTeX is building the Internet of Trusted Things, an open ecosystem where all “things” — humans, machines, businesses, and DApps — can interact with trust and privacy. Backed by a global team of 30+ top research scientists and engineers, IoTeX combines blockchain, secure hardware, and confidential computing to enable next-gen IoT devices, networks, and economies. IoTeX will empower the future decentralized economy by “connecting the physical world, block by block”.

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IoTeX Team

❗️ATTENTION: we have moved from Medium to our own hosted blog at iotex.io/blog