IOTeX

IoT 분야 블록체인 플랫폼

home link https://iotex.io/

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IOTX
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Project introduction

IoT 분야에 블록체인을 결합하여 기존의 IoT가 가지고 있던 다양한 문제점들의 해결책이 되고자 합니다. IoTeX는 토큰 인센티브 체계와 커뮤니티 병합이 IoT 산업에 혁신을 가져올 것으로 예상됩니다.

Executives and partners

Raullen Chai

Co-Founder

Qevan Guo

Co-Founder

Jing Sun

Co-Founder

Industrial internet consortium

IEEE

Nordic Semiconductor Tenvis

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Medium

IoTeX & Binance AMA Summary...

IoTeX & Binance AMA Summary — June 2, 2020Can you tell us a bit about yourself and why did you get into crypto?Raullen: It is my honor to be here with you and share the vision and story of IoTeX. I came from a cryptography background — I got involved in Bitcoin when I was doing my PhD at University of Waterloo about 10 years back, shocked by the beautiful protocol design of bitcoin and the underlying blockchain technology.After my PhD, I spent many years leading teams at Google and Uber, while driving various privacy and cryptography projects on the side. I have witnessed every tech/market cycle of Bitcoin and blockchain and realized the world-changing potential of this technology for the Internet of Things (IoT). In 2017, I founded the IoTeX Network together with two other Co-founders to create a dynamic, trusted, and privacy-respecting infrastructure to empower our vision for the Internet of Trusted Thing — a great trip down memory lane!Larry: Hi everyone, my name is Larry Pang and I’m a Founding Member and Head of Business Development at IoTeX. I graduated from MIT in 2013 and spent five years as a Management Consultant at Oliver Wyman before joining IoTeX. I got into crypto after doing a consulting project in 2016 with the World Economic Forum on global payments and learned about Bitcoin. I was fascinated by how the financial world could be designed to be P2P and human-owned — when I learned about IoTeX, I had a similar realization that the Internet of Things (IoT) aka our smart devices can also be trusted, private, and human-owned. After two years at IoTeX, my belief in our vision has only grown!Can you give us a little history of IOTX?Raullen: IoTeX began our journey in 2017 as an open-source project. IoTeX is a platform that was built 100% from scratch (no forks) and is tailor-fit to support the Internet of Things (IoT) use cases and to power the next-generation of human-centered, privacy-preserving smart devices and networks. The IoTeX team consists of 30+ top tier engineers and scientists from Uber, Google, Intel, Facebook, and other top tech companies. Currently, our platform is maintained by 60+ global Delegates including Blockfolio, CoinGecko, DraperDragon, and more.IoTeX has a vision for the Internet of Trusted Things — an open ecosystem where humans and machines can interact with guaranteed trust, free will, and privacy. Our platform uniquely combines blockchain, secure hardware, and confidential computing to enable trusted data from trusted devices for use in trusted Dapps.Could you please tell me what IoTeX is? What problem does it solve?Larry: For those that aren’t too familiar with the Internet of Things (IoT) — let me provide a brief explanation before diving into how IoTeX solves existing problems.These days, all types of smart devices like cameras, thermostats, and virtual assistants are being installed in our homes and businesses at a blistering rate. Even traditionally “dumb” devices, such as beds, mirrors, and toilets, are now equipped with WiFi and powerful sensors to make them “smart” — this phenomenon is called the Internet of Things (IoT). Whether you know it or not, IoT is part of everyone’s lives and allows people to interact with machines to drive efficiencies and create value!However, today’s IoT is owned and controlled by institutions (e.g., tech giants, governments) and not users (aka you and me). All of our highly sensitive IoT data, such as the videos from our home cameras, are owned by institutions and manipulated without our consent. Do we really have to accept a future where we are surveilled by institutions that collect our data, make our homes targets for hackers, and manipulate even the way we behave? No — we can build a better future with IoTeX.IoTeX’s goal is to enable a future that is connected, empowering, and safe — no intrusive ads and surveillance, just privacy and peace of mind without sacrificing usability. The IoTeX platform enables builders to easily launch privacy-preserving IoT devices, apps, and networks. Just like Bitcoin has created a decentralized financial ecosystem, IoTeX is empowering a decentralized ecosystem for our smart devices — the Internet of Trusted Things!Let’s talk more about Mainnet GA Launch, Can you explain what the main features and improvements are?Raullen: IoTeX Mainnet GA “Machina” is launching later today on June 1 and is our biggest milestone yet! Mainnet GA represents more than just technology — it also comes with native staking, updated governance, and powerful developer tools. We are now ready to welcome the world to build the Internet of Trusted Things on IoTeX!There are five core components of IoTeX Mainnet GA:Platform 2.0: new and improved IoTeX platform for the Internet of ThingsPantheon: enterprise-ready consortium blockchain for IoTHalo Program: official developer grants program from the IoTeX FoundationNative Staking v2: new scalable, transaction-based native staking mechanismHermes: rewards system for IoTeX Delegates and votersWhat projects are now using the IOTX platform? Tell us more about the companies currently building on IOTX?Larry: This is something we’re excited to share — we have some serious partners building next-gen products already on the IoTeX platform. before we dive into that, let me share a bit more about the IoTeX platform itself!The IoTeX platform is uniquely designed to support the unique requirements of IoT use cases. Our platform consists of multiple layers, including one of the fastest blockchains in the industry (5 second block time, instant finality), IoT-oriented middleware, and robust developer tools to make building privacy-IoT applications and services easy for all skill levels.IoTeX is all about enabling Trusted Data from Trusted Devices for use in Trusted ApplicationsThe IoTeX platform is already supporting REAL IoT products that are “Powered by IoTeX” and provide users full data ownership and privacy! #OwnYourDataUcam is the world’s first private security camera built in partnership with Tenvis, a hardware giant that is currently Amazon’s Choice for cameras. Ucam is already in the hands of the IoTeX community and they LOVE it!Pebble Tracker is a decentralized asset tracking device developed in partnership with Nordic Semiconductor, one of the largest chip manufacturers in the world. Paired with our Edge Oracle, Pebble Tracker writes verifiable, real-world IoT data (e.g., location, motion, climate) to the blockchain for use in smart contracts.Finally, IoTeX is the Co-Chair of the Industrial Internet Consortium (IIC) Blockchain Group alongside Amazon & Huawei, and a core contributor to IEEE’s Blockchain + IoT standards. This shows our deep understanding of Blockchain + IoT and how it applies to real-world problems.We can’t wait to welcome more device+application builders to build on IoTeX!What are the future plans for IOTX? Do you have any exciting things down the pipeline that you can share?Raullen: IoTeX is just getting started — as of today, IoTeX is already powering smart devices that allow users to own and control their data, but we have much greater long-term goals. Our next steps are to enable privacy-preserving Dapps that leverage the trusted data and trusted devices enabled by IoTeX, and eventually form diverse human-machine economies that will power new decentralized ecosystems where humans and machines can interact with guaranteed trust, free will, and privacy.Our main goal for the rest of the year is to welcome the world to build amazing things on the IoTeX platform. With Mainnet GA, the IoTeX platform is now ready to support a wide variety of use cases across blockchain, IoT, and privacy. Our goal is to build our ecosystem of builders and contributors that will bring great network effects to IoTeX.We are starting this process right now by launching our new developer grants program called Halo. We have already received many interesting proposals for new projects that people want to build on IoTeX, including asset tracking use cases, healthcare devices/wearables that let you own your health data, and industry-wide tools like DEX and wallet integrations. We encourage any developers out there to take a look at Halo and apply for a grant!There are many competitors in the Blockchain & IoT space — how does IoTeX differ from them, especially IOTA?Larry: This is one of the most popular questions we get during AMAs — glad to share some insights! Regarding the general Blockchain+IoT space, there are many projects out there but none like IoTeX. IoTeX has deep expertise in both blockchain and IoT, which has allowed us to launch the world’s first blockchain-powered IoT products. I have not seen any other project launch real products yet like IoTeX. We are way past the white paper phase — these days, the proof of real products matters a lot. Only two years after IoTeX launched our first code release in April 2018, we already have many devices powered by the IoTeX platform, not just prototypes or PoCs.Just take a look at our co-founder’s — their expertise runs DEEP!Regarding IOTA, it’s important to note that IoTeX and IOTA are not enemies. Yes, we are both working in the blockchain+IoT space, but we are actually working on different things. IOTA prides itself on enabling feeless M2M payments, while IoTeX is building a network for privacy-preserving, human-centered smart devices. Rather than debate IOTA vs. IoTeX technology, what I will say is that IoTeX in only two years vs. five years for IOTA has done things that IOTA has not:Launched a fully decentralized Mainnet with DPoS staking maintained by 60+ global Delegates, including Blockfolio, CoinGecko, DraperDragon, and moreLaunched REAL IoT products like Ucam, the world’s first private security camera built in partnership with Tenvis and Pebble Tracker, a decentralized asset tracker built in partnership with Nordic Semiconductor.The best part is the software/firmware we built-in to Ucam and Pebble Tracker can now be applied to many other types of hardware — cameras, trackers, wearables, vehicles, and many other IoT devices. We are just getting started!What is the advantage of keeping the IOTX token for a long and short term?Raullen: There has never been a better time to get onboard with IoTeX! Over the past two years, we have pushed aggressively and proved that we are capable of building real technology with real impact on the world. Now that our platform is ready for the world to build on, we are so excited to see what the coming years will bring to IoTeX!In the short-term, IoTeX has an exciting next couple of months planned — we will share new growth-driven tokenomics, exciting partnerships, and major research achievements. We are excited to give you a sneak peek of our upcoming tokenomics announcement in this AMA! To highlight our upgraded tokenomics, the IOTX token will have a unique utility that will bring IoTeX to the next level: 1) stake-for-governance, 2) network transaction fees, 3) stake-for-service (e.g., service providers stake IOTX to service “Powered by IoTeX” devices), and 4) device registrations (e.g., IoT builders stake/burn IOTX to register trusted devices). While 1) and 2) are already active in the IoTeX Network, 3) and 4) will unlock new interactions between service providers, IoT device manufacturers, and users. More details coming soon after Mainnet GA.In the long-term, you can expect even more “Powered by IoTeX” devices to transform the way we interact with our smart devices — finally, we will be in control of our devices and data destinies. The state-of-the-art technology we built-in to Ucam and Pebble Tracker can now be applied to many other types of cameras, trackers, and other IoT devices. One industry we are especially excited to break into is the healthcare-IoT industry, due to the sensitivity of data collected by these devices. Our ultimate goal is to enable interoperability between all devices on the IoTeX Network to power borderless human-machine economies!IoTeX uses a Roll-DPoS consensus mechanism-a variant of Delegated Proof of Stake (DPoS). How effective is this new mechanism? Do errors often occur during operation?Our Yellow Paper has all details about Roll-DPoS — this is an efficient–yet-decentralized variant of DPoS which makes IoTeX blockchain able to handle 2K+ Txs per second and at the same time can have many delegates to operate the chain. For now, we have over 70 delegates running the chain, and the top 36 are selected as delegates where 24 out of these 36 are randomly selected to produce blocks. We do have the plan to expand to 48 delegates and eventually hundreds of delegates!You can be compared with Apple in the world of blockchain, you build a blockchain and release a product (Ucam) a private camera. Why did you choose such a business model? Is selling a Ucam camera a separate business?Good question — let’s make one thing clear: IoTeX is NOT a camera company. IoTeX works with camera companies (like Tenvis) where we build our firmware and software into specific hardware. Our first product Ucam is a great example of this — now that we have built the infrastructure to support cameras, now we can apply this framework to almost any other type of camera, whether it is indoor/outdoor/doorbell/dashcam/TV camera, etc.Can you tell us about the security of IoPay mobile/desktop wallet? What are some of the security features incorporated into the wallet to make it highly secure and safe to use?IoPay is our wallet (Andoird, iOS, and Desktop) — it has all the features the modern wallets have — encrypted key file, HD, and support hw wallet like ledger, feel free to download and use it!As we all know every technology gets old one day, and as we approach 5G wireless technology, do you think it will be a threat to project like IOTEX?5G provides connectivity at the physical layer while IoTeX “connects” things at a higher layer through the tech stack. I would rather consider 5G as an enabler for IoT and IoTT as we are focusing on! 5G has high capacity and low latency and is the ideal tech for enabling things to be connected, and once they are connected, they will need identities, need ways to integrate with ppl and other things — here is how IoTeX kicks in to enable and empower IoTT!Are there currently examples of using a DID identification system that is claimed as a component in combination with a blockchain? In what practical cases will we be able to see the use of this technology? What makes a DID system better than what competitors offer?Decentralized Identity (DID) is an important concept for the future of self-sovereignty — in other words, it will allow us to truly own our data, identity, and privacy. IoTeX has worked extensively on DID, but what makes ours unique is that we have DID not only for people but also for devices!In the IoTeX Network, you can think of “users” as both people and machines — as such, all “users” must have an identity that is interoperable with other identities. this is how we will ultimately enable human-to-machine and machine-to-machine interactions and use cases! You can learn more about IoTeX DID via the links below:IoTeX DID SpecOur presentation at IIC Q2 2020 Summit on DIDAs I know IoTeX was invited to join the IEEE. What is the importance of this invitation for IoTeX? Could you please shed more light on this?Yes! IoTeX is an advanced corporate member of the IEEE, which is the world’s largest professional technical organization that develops standards for the entire world. Standards are crucial for many things — for example, the shipping crates you see on boats are all “standardized” to work with any boat/port. The same concept applies to IoT! There are standards for connectivity, hardware, software, etc. that make devices work better with other devices. Unfortunately, there are TOO MANY standards today developed by too many people — blockchain is a great place to normalize various standardsLearn more about our IEEE efforts hereCan you talk about the SWOT analysis of the project? What are your strengths and weaknesses? How do you plan to turn your weaknesses into strengths? Facing the threat of more opportunities? What gives you confidence in the survival and sustainable success of IOTEX?Our biggest strength is that IoTeX has one of the strongest and most technical teams in the entire industry. We are at the forefront of cutting-edge tech in the blockchain space, but we are also equally cutting-edge in the IoT space, including hardware, connectivity, and large-scale architecture. The IoT industry recognizes our potential too — IoTeX was recently selected as the Co-Chair of the Industrial Internet Consortium (IIC) Blockchain Group along with Amazon and Huawei. We built our entire blockchain and IoT middleware from scratch and launched several blockchain-powered IoT products in only two years. The best part is we are just getting started — there is so much future potential for IoTeX.The biggest opportunity for IoTeX is the size of the IoT industry and the fact that nobody is doing what we are doing better than us. Many people are focused on DeFi projects right now because they see finance as a huge industry — finance is a multi-trillion dollar industry, but so is IoT! In fact, IoT is growing at a much faster rate than most industries. Today, there are 25 billion IoT devices around the world and there will be >100 billion IoT devices by 2025. We have big goals to power all types of devices in the future and be the decentralized infrastructure to enable the future of privacy and IoT.The global IoT market is valued at more than $1 trillion. What percentage of the IoTeX market will be able to capture in the next 5 years? How strong are you to dominate this market?Nice question — to give some more context on IoT, currently there are ~25 billion smart devices in the world and by 2025 that number will hit ~100 billion. Not only is the number of devices growing rapidly, but also the amount/variety of data these devices can gather is growing. There is a famous McKinsey report that details the IoT will generate anywhere from $4-$11 TRILLION in market value. You may be thinking why such a huge range between the lower/upper bound estimates? McKinsey says that an extra $7 trillion in market value will only be achieved if we achieve true interoperability in the IoT.This is what IoTeX is trying to capture — we are not necessarily trying to fix the problems of the existing IoT, but we are creating a brand new way of thinking about our devices to be privacy-respecting, interoperable, and powered by blockchain. IoTeX will generate huge market value in this rapidly growing sector!Besides Ucam, Tenvis and Pebble Tracker, does Iotex has any plan of introducing more Real IOT products in the future?Yes, we do — something that is coming up will be different form factors of cameras. Ucam is designed for indoor use to ensure nobody has access to the video fees from our homes. But people also need cameras for doorbell cam, outdoor cam, car dashcam, etc.These other form factors of cameras are low hanging fruit for IoTeX — as I mentioned before, now that we have built Ucam, we can apply this framework to almost any other type of camera. And you should know that the camera industry alone is worth $1 trillion (and growing). In the future, one other type of IoT device we look forward to powering is health-related devices. IoTeX really wants to focus on the most sensitive types of data — the data from our homes and our bodies — and other less sensitive types of data will follow. we will be announcing some great initiatives to bootstrap the next wave of “Powered by IoTeX” devices very soon!Kindly explain more on confidential computing and decentralized identity. What roles do they play in IoTeX ecosystemThese are the tech pillars of IoTeX — confidential computing basically means compute over encrypted data which has tremendous uses — make data useful without leaking them at all! DID is another pillar that ensures devices and ppl to enjoy self-sovereign identity/data — you totally own your data! So combine them all, we can realize cool stuff like Ucam! Where your home data is protected while still some AI/ML can be done without leaking your info at all!Confidential Computing and Decentralized Identity are core middleware components of the IoTeX platform! The IoTeX platform utilizes a unique architecture to meet the unique demands of the Internet of Things (IoT) use cases. Our multi-layer architecture combines smart devices, IoT Cloud + decentralized storage, and blockchain. Let me describe each of these layers:Device Layer: IoTeX is all about generating trusted data from trusted devices to enable trusted applications. A critical piece of this is the device layer. To trust a device, it must have a verifiable identity and its actions must be verifiable by others, which is exactly what IoTeX enables by combining secure hardware and blockchain, two tamper-proof technologies.Storage Layer: IoT devices generate a lot of data, and not all of that can be stored on the blockchain due to cost/scalability reasons. But today, more and more data validation and processing is performed “on the edge” or on the device itself, reducing the need to store large amounts of unfiltered data on servers. A scalable and flexible approach is to store/index pre-processed data on the IoT Cloud (e.g., AWS) or decentralized storage (e.g., IPFS, Sia) and “hash” them to the blockchain, which provides timestamped verifiability and data provenance. When needed, this data can be written to the blockchain for use in smart contractsBlockchain Layer: the root of trust for the entire IoTeX Network. Our blockchain is open source and one of the fastest in the entire industry — not only does it enable standard P2P transactions and smart contracts, but it is also used to register device identities and “hash” data (stored on Cloud/decentralized storage) to the blockchain.The combination of these three layers provides great flexibility for developers and builders. For more information, please see our Blockchain & IoT Reference Architecture (http://iotex.io/reference-architecture).Which application possibilities will IoTeX develop in the near future? And what will be possible with IoTeX’s blockchain when your vision is complete?Over the past year, we have made many improvements to our blockchain. Just now, we launched the full production version of the IoTeX Mainnet, which is called Mainnet GA. The most important part of Mainnet GA is that we will establish full independence from Ethereum and become a native blockchain. All ERC20 tokens will be swapped to IOTX coins, and all staking/voting activities will be migrated from Ethereum to IoTeX. This is a big moment for IoTeX as we will be our own network with no reliance on anyone else, exciting! You can see our open-source code on our GithubOther blockchain-related things we have done over the past year is reduce block time by 50% (2x as fast) and also making several security enhancements to the blockchain. We also launched many new dev tools that make it easy to build on IoTeX (see https://docs.iotex.io). But Mainnet GA is not just about technology — we have been announcing new tokenomics, governance, and other items all throughout this month. You can see the full list of past/planned announcements in our IoTeX Forum thread: Official Mainnet GA AnnouncementsBlockchain + IoT + privacy is a fairly NEW market, but there are rivals aiming for the same use case. How is IoTeX better than them?There are many people working on the intersection of Blockchain+IoT and Blockchain+Privacy, but the intersection of Blockchain+IoT+Privacy is quite complex — IoTeX makes it easy. Our team is uniquely positioned to not only take first-mover advantage in this budding industry but also to be the long-term market leader given our extensive technical knowledge in all three areas.Most importantly, I have not seen anyone actually producing real products as IoTeX has done. Personally, I don’t care about what is in the white paper — anyone can tell a great story, but the proof of real products matters a lot. Only two years after IoTeX launched our first code release in April 2018, we already have several types of devices that are powered by our platform, not just prototypes or proofs of concept. I can list many of my opinions regarding what differentiates IoTeX from our competitors — our team, cutting-edge research, the pace of development, etc. — but the real thing that matters is we are the only ones building real stuff.Can you explain a little bit more about the use cases of the IOTX token?We shared a bit of this earlier, but we are going to announce updated tokenomics for IoTeX in the coming weeks, which comprises:Gas fees (i.e., transactions/contracts on the IoTeX Network)Stake-for-Governance (i.e., vote for Delegates to run consensus)Stake-for-Service (i.e., providers stake to service users/devices)Device Registrations (i.e., stake/burn to register trusted devices)IOTX will be the fuel for trusted devices and trusted data!What is the difference between Pebble Tracker and AvoBoard hardware, what advantages does one have over the other and what languages do they handle?IoT devices are actually not so different once you break them down — they all have sensors, wireless modules, battery/power, and come CPU. However, the types of components and types of sensors that devices have differ based on their purpose.Pebble Tracker is meant for asset tracking, while AvoBoard is an IoT gateway that connects to other low-power devices. Both will be powered by IoTeX and bring trusted data to the IoTeX ecosystem!Security and privacy for every user is very important. How can IoTeX maintain its security and protect every individual user from the malicious software trying to invade their data privacy?This is a great question — the simple answer is we must own our data. Many of the things that happen to our data/devices today are due to the fact that they are controlled by centralized parties like tech giants. By owning our data, we can choose whether to keep our data fully private, share it with others, or authorize its use to service providers. But it all starts with control of our data by default.IoTeX is already creating the very first devices that enable us to own our data, identity, and privacy like Ucam. With Ucam, you are in full control and you are the only one with access to your data — not IoTeX, not Tenvis, not anyone!IoTeX uses a Roll-DPoS consensus mechanism-a variant of Delegated Proof of Stake (DPoS). How effective is this new mechanism? Do errors often occur during operation?Delegated Proof-of-Stake (DPoS) is an efficient, decentralized, and flexible consensus framework available in the blockchain industry. However, applying DPoS to decentralized IoT applications is quite challenging due to the nature of IoT systems such as large-scale deployments and a huge amount of data. To address the unique challenge for IoT based blockchain applications, IoTeX created our in-house consensus mechanism Roll-DPoS, a randomized delegated proof of stake algorithm. Roll-DPoS inherits all the advantages of the original DPoS consensus framework and further enhances decentralization as well as extensibility to support complex blockchain architectures. A number of modern cryptographic techniques have been utilized to optimize the consensus process with respect to the computational and communication overhead.Read our Roll-DPoS yellow paper hereI know IoTeX has real products and it’s a unique project compared to others. What real-life problems will IoTeX solve and how people will benefit from it?Good question — the problem that IoTeX is trying to solve is today we the people have no control of our data or devices. Just think about all of the times you say something and an ad pops up in your newsfeed. This is not only creepy but indicative of the fact that tech giants know literally everything about us. While you may not care about privacy for your digital apps, when it comes to our physical devices, the stakes are much higher. It’s not just your Spotify history, it’s video camera footage on when you leave your house every morning. It’s not the keys to your email, it’s the keys to your smart lock/home. There are so many risks with this centralized IoT that we must be aware of — luckily IoTeX not only built the technology to solve these issues but also understands the issues deeply. We wrote a great 10+ page report on the current state of privacy in our smart homes called “When Privacy Hits Home”, check it out here.Announcing the AMA WinnersPre-AMA Twitter Campaign: 15 Winners to split $300 IOTX{Twitter username}@LeeLuong007, @JayRayCrypt, @MagnatSV, @DurdenMagnat, @Sobuj301, @AlbaCaner, @TSG_Crypt, @Gladushka_Tanya, @LUONGHANHPHUC1, @Elias48713662, @Nafisiq03542983, @Elbert64254029, @TruongT33820523, @Soner62998541, @RakeshS67706314⚠️Please PM our Community Manager Alina on Twitter to provide your IoTeX wallet addressSegment 2 — Quiz: All of the participants split $1,600 IOTX based on their score:If your score was 5/5 — 647 IOTXIf your score was 4/5 — 517 IOTXIf your score was 3/5 — 388 IOTXIf your score was 2/5 — 258 IOTXIf your score was 1/5 — 129 IOTXThe list of winners for Segment 2 can be found here.Segment 3 — Selected Questions: 20 Winners to split $600 IOTX@GABRIEL_Fr, @uatmoon, @Boylut, @ashwini_Crypto, @CryptoDenis, @NO4M3, @thebeast09, @Mike_C02, @Kambeing, @CryptoDurden, @Adsus4, @endtimeprophet, @Hendrasico, @DtKross, @Nickkiii, @Sunstrike1, @Jejelane, @Francois_R02, @Isabella_salazar, @albertoguarico⚠️Please PM our Community Manager Alina on Telegram to provide your IoTeX wallet addressAll of the rewards will be sent to your IoTeX wallet in native IOTX by June 10.About IoTeXFounded 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”.Learn more: Website | Twitter | Telegram | Medium | RedditIoTeX & Binance AMA Summary — June 2, 2020 was originally published in @iotex on Medium, where people are continuing the conversation by highlighting and responding to this story.

IOTeX

20. 06. 04

IoTeX Halo Grants Program —...

This is Part 3 of IoTeX’s Mainnet GA announcements. Throughout May 2020, we will share other components of Mainnet GA, including new tokenomics, governance, and technology. For more on Mainnet GA, visit the IoTeX Forum.Welcome to Halo!With the upcoming launch of Mainnet GA, the IoTeX platform will be more performant and developer-friendly than ever. The past two years of focused development have all led to this exciting milestone — we are now ready to welcome the world to build the Internet of Trusted Things on IoTeX.To fuel community development and contributions, we are proud to launch Halo, the official grants program for the IoTeX Network. Halo is targeted at developers interested in building IoT and privacy-related projects on the IoTeX platform, as well as ecosystem builders that want to expand the capabilities and reach of IoTeX. Halo will pave the way for new trusted devices/applications and fuel the next generation of IoTeX — join us!IoTeX Halo - iotexHow the Halo Program WorksThe Halo Program provides funding and technical support to empower projects that benefit the IoTeX ecosystem. For now, the IoTeX Foundation will serve as the Halo Committee to manage grants. In the future, community leaders, project advisors, and external parties may be invited to diversify and join the Halo Committee. At a high level, there are two types of Halo grants that the IoTeX community can apply for: open-ended proposals (OEP) & requests for proposals (RFP).Open-ended Proposals (OEP)Interested in building a new project on IoTeX? Pitch us your idea! With Halo, you can drive your OEP to completion with funding and hands-on technical support from the IoTeX Foundation. At a minimum, approved OEPs will receive a grant of ≥1.2 million IOTX, which will allow them to become a Delegate and help maintain the IoTeX Network. The IoTeX community will be able to support OEP projects by voting for the Delegate and/or donating directly IOTX to the project. For OEPs, the IoTeX Foundation will work closely to provide technical guidance and consulting to bring the project to life!Request for Proposals (RFP)Claim projects from a “wishlist” that have a defined scope of work and funding limit. Applicants will complete an RFP detailing their team and plans to complete the project (e.g., timeline, deliverables, budget). Although technical support can be provided by request, those submitting an RFP should have prior experience building similar projects. Based on the size/complexity of the project, grant funding may be delivered in incremental payments after specific milestones are met or in-full after completion of the project. In some instances, multiple teams may work on the same RFP.How to Apply for a Halo GrantHalo is not only meant for technical developers — it is also meant for non-technical community members that want to launch formal programs or tools to spread the word about IoTeX! By simultaneously fueling the development of new IoTeX technologies and driving global engagement, Halo will propel the IoTeX Network to the next level. Here are some sample proposal ideas below, but don’t limit yourself — we want to see your creativity!Technical: new devices/Dapps, extensions for “Powered by IoTeX” products (e.g., Ucam, Pebble), developer tools (e.g., IDE, SDK), ecosystem tools (e.g., wallets, explorer, DEX), and decentralized productsNon-technical: educational materials (e.g., programs, videos), international marketing (e.g., campaigns, local meetups), and community tools/programs to drive community discussion and engagementFor more information on grant requirements, eligibility, and the application process, please see the Halo Program Github.iotexproject/halograntsWhat’s Next?The first batch of Halo grants will be issued after Mainnet GA and we are committed to continuously improving the Halo Program over time. This program is designed for you, the community, and we cannot wait to see what you will build!For more information, please see the official Halo Website and Halo Github. Also stay tuned to the official Mainnet GA forum thread for new updates!Developer Resources- Github Repos: https://github.com/iotexproject- Documentation: https://docs.iotex.io/- Codelabs: http://codelabs.iotex.io/- Dev Forum: https://community.iotex.io/c/research-development/7- Dev Chat: https://t.me/IoTeXDevAbout IoTeXFounded 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”.Learn more: Website | Twitter | Telegram | Medium | RedditIoTeX Halo Grants Program — Fueling the Internet of Trusted Things was originally published in @iotex on Medium, where people are continuing the conversation by highlighting and responding to this story.

IOTeX

20. 05. 30

Ucam App Preview & Pre-Orde...

What a journey it has been to launch Ucam, the first absolutely private home security camera powered by IoTeX. Throughout this journey, we often asked ourselves “how do we make people care about privacy?” This quote from USV Founder, Fred Wilson, encapsulates the IoTeX philosophy:“People do care about privacy, but the sacrifices we make for privacy must come at a low enough cost that we will make them.” — Fred WilsonEven the most technologically sophisticated products are worthless if users cannot use them. Over the past few months, IoTeX has invested heavily in market research, internal testing, and beta testing with real end users to ensure Ucam has an outstanding user experience. In this blog, we share the fruits of our labor, including a preview of the Ucam App and some early feedback from beta testers.Ucam App on the Apple App StoreUcam App PreviewWho says blockchain-based products can’t be functional? Ucam does not just match the UI/UX of other traditional home cameras, it exceeds it! With flexible camera controls at your fingertips and customizable device/user settings, you can tailor Ucam for your new private lifestyle.▶️ Check out the Ucam App preview video below:https://medium.com/media/ae354f20bf9f433da3d1fa3ecf7b8ee5/hrefUcam Beta Tester FeedbackOver the past couple months, IoTeX hosted two product demo & beta testing programs with local pre-order customers and beta testers. Their feedback has been incredibly valuable to improve Ucam functionality and usability. Let’s check out what some of them think about Ucam! For those in the San Francisco Bay Area, sign up to be a beta tester here.“It’s a beautiful, sleek design and the mobile app seems so intuitive. I’ve installed dozens of Nest cameras at my workplace and at home and the process the Ucam team walked me through was simpler than Googles! Impressive. Plus I don’t have to worry about a giant company spying on me? Sign me up.” — Nathan, IoTeX Delegate (Consensus Networks) from Indiana“I have a smart garage and a smart lock and I do worry about whether my data is protected, and whether someone else can maliciously gain access to my devices. With Ucam, I can finally see a future where I don’t have to compromise. I really can have my cake [data] and eat it too.” — Sarah, Mother of 3 from California“Based on a test I did with the Ucam team, I found the application to be beautiful and the setup process to be extremely simple. I’m looking forward to getting Ucam set up in my home!” — Erik, IT Admin from Mississippi“Honestly, the fact that there is no email/password login is a complete game changer. I almost don’t care about anything else.” — Shaun, Software Engineer from CaliforniaWe also received lots of constructive feedback on things we could improve, which we have used to make Ucam even better.“It’s a new product. So there are going to be bugs and everything won’t be perfect. But I have to say, it was really cool that the Ucam team took the time to walk through their mobile app with me and get my feedback.” — Denise, Ucam Beta Tester from Silicon ValleyPre-order Shipping UpdateDue to COVID-19, carrier services around the world were affected and experienced delays for international shipping. Unfortunately, it took longer than expected to transport Ucams from our manufacturer to our Silicon Valley HQ. But we have great news — we have received the first lot of Ucams and they will be shipped starting the week of May 4th!Under these unique circumstances, we appreciate your patience and can’t wait to hear your feedback on Ucam. Pre-orderers will receive a notification via email once their Ucam is shipped. If you have any questions, please feel free to contact us at support@getucam.com.About IoTeXFounded 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”.Learn more: Website | Twitter | Telegram | Medium | RedditUcam App Preview & Pre-Order Shipping Update was originally published in @iotex on Medium, where people are continuing the conversation by highlighting and responding to this story.

IOTeX

20. 05. 30

IoTeX Project Updates №24 {...

IoTeX Project Updates №24 {April 8 — May 10, 2020}Greetings our dear supporters! We are back with the Project Update Report. As always, it’s busy times at IoTeX as we have shipped out the first batch of Ucam’s, preparing for launching it on Amazon in May/June, released a new community grants initiative, announced partnerships, and made a lot of tech progress. Find out more about what we have been up to in this report!Tech & DevelopmentIoTeX Halo Program — Community Grants to Fuel the Internet of Trusted ThingsHalo — the official grants program for the IoTeX Network! With the upcoming launch of Mainnet GA, the IoTeX platform is more performant and developer-friendly than ever — we are now ready to welcome the world to build the Internet of Trusted Things on IoTeX. Full details on HaloRedesigning Trust: Blockchain for Supply ChainsOver the past year, IoTeX worked with the World Economic Forum and 100+ organizations to develop a toolkit for the responsible deployment of blockchain in supply chains. We look forward to supporting the continuous development of this toolkit to transform the global supply chain industry. Find out more about the Toolkit LaunchIoTeX joins Amazon and Huawei as the new Co-chairs of the Blockchain Task Group of the Industrial Internet Consortium (IIC)The IIC consists of 300+ leading technology organizations. IoTeX has contributed to the IIC since 2018, and this appointment as Blockchain Co-chair marks a major step forward in our enterprise efforts. Let’s show them what blockchain is all about! Full details in our blogUcam — May UpdateWho says blockchain-based products can’t be functional? Ucam delivers privacy AND an amazing user experience — see for yourself in our new Ucam App preview video. Full details in our blogMainnet GA Native Staking v2IoTeX is kicking off a month of Mainnet GA announcements with Native Staking v2 (nsv2) — a new scalable, secure, and flexible design! Our new transaction-based design will make staking and voting with native $IOTX cheaper, faster, and easier than ever. Read the full detailsHermes 2.0 is Officially LIVE and Open SourceIoTeX is proud to launch Hermes 2.0, an automated and trusted rewards distribution system developed by the IoTeX Foundation (core-dev) for IoTeX Delegates and voters! Learn moreDev &Tech SummaryIoTeX is once again in the Top 25 most active crypto projects by Flipside Crypto, which shows just how hard the IoTeX Core Team (core-dev) has been working. In the past few weeks, the core-dev has been focusing primarily on rolling out Mainnet v0.11, preparing the release of Mainnet v0.12, Ucam Beta Testing, and other ongoing initiatives. Read the full reportAttention Hardware usersAs we shared in our Mainnet GA Migration Plan last month, we will be migrating all stake/votes on Ethereum to IoTeX as part of Mainnet GA. If you stake using a hardware wallet (e.g., Ledger, Trezor), you may require special handling to complete your migration. We have created a new thread outlining your specific options + instructions.IoTeX In the Media“Tech Titan Patents Mean We Have To Get Serious About Data Privacy” — IBTCommunity Initiatives & CampaignsIPFS Pinning SummitIoTeX Co-founder Raullen shared how IoTeX + IPFS are enabling decentralized privacy and user data ownership with Ucam.https://ipfspinningsummit.com/AMA w/Founders — May 13IoTeX Anniversary Meme CampaignExactly one year ago, IoTeX Mainnet Alpha was launched, and to celebrate this, we are launching a new campaign for our community! Create an original meme that is fun and IoTeX related. Detailed instructions🎁 Over 200,000 IOTX in prizes⏳ April 23, 12 AM PST — May 8, 2 AM PST“When Privacy Hits Home” — a special report by IoTeXSmart devices like Amazon Ring & Google Nest are watching and listening to us in our homes 24/7 — with unprecedented access to our homes and data, Big Tech has plans to control more of our daily lives and eliminate ‘privacy at home’ as we know it. IoTeX explores the current and future impacts of ‘when privacy hits home’ in this must-read report! Download the report today“How to Protect Your Smart Home in 2020” — a webinar by IoTeX, NKN, and OwnYourData FoundationIn this webinar, we explained the inner workings of today’s smart homes (e.g., devices, data, connectivity) and common vulnerabilities. We also shared how emerging tech like blockchain and secure hardware will power your future smart home. Watch the full webinar on-demand nowLivestream AMA w/Founders from April 9, 2020Summary of the Livestream AMA is now published on our forum & the video is available for those who missed the livestream!“Not all encryption is created equal”This is why Ucam and future “Powered by IoTeX” devices are so revolutionary. True end-to-end encryption guaranteed by blockchain will secure our future and make us captains of our own data destiny. Learn more in our blog postIoTeX NewsSubscribe to our YouTube channel to watch the weekly project updates & other cool videos from us and our community!Here’s our latest episode: https://youtu.be/x6KgjDktskEDon’t forget to subscribe to our newsletter to stay up to date with our latest updates!If you are interested in becoming an IoTeX Partner, please complete this form.If you are interested in becoming an IoTeX Delegate, please complete this form.If you are interested in becoming an IoTeX Brand Ambassador, please read this blog & complete the form.About IoTeXFounded as an open-source platform in 2017, IoTeX is building the Internet of Trusted Things, where all physical and virtual “things” — humans, machines, businesses, and DApps — can exchange information and value at a global scale.Backed by a global team of 30+ top research scientists and engineers, IoTeX combines blockchain, secure hardware, and decentralized identity to empower intelligent IoT networks and machine economies. By serving as a decentralized trust fabric for IoT, IoTeX will empower the future decentralized world by “connecting the physical world, block by block”.Homepage | Twitter | Telegram ANN | Telegram GroupYoutube | Medium | Reddit | Join usIoTeX Project Updates №24 {April 8 — May 10, 2020} was originally published in @iotex on Medium, where people are continuing the conversation by highlighting and responding to this story.

IOTeX

20. 05. 30

The IoTeX Platform — Optimi...

The IoTeX Platform — Optimized for the Internet of Trusted ThingsThis is Part 5 of IoTeX’s Mainnet GA announcements. Throughout May 2020, we will share other components of Mainnet GA, including new tokenomics, governance, and technology. For more on Mainnet GA, visit the IoTeX Forum.IoTeX Platform: New & Improved for Mainnet GASince IoTeX began in 2017, our mission has been to empower the Internet of Trusted Things — an open ecosystem where all humans and machines can interact with guaranteed trust, free will, and privacy. Over the past 2+ years, the IoTeX platform was built from scratch with our mission in mind. What started as a few lines of code has now blossomed into one of the most secure, performant, and decentralized platforms in the world.IoTeX is more than just a blockchain — it is a full technology stack comprised of blockchain, IoT middleware, and developer tools to empower trusted data and trusted devices for trusted applications. We apply our first-hand experience building end-to-end IoT solutions like Ucam & Pebble Tracker to inform the new+improved design of the IoTeX platform. We are now ready to welcome the world to build the Internet of Trusted Things on IoTeX!In this article, we explain the different layers of the IoTeX platform, as well as the guiding principles that informed its design.The IoTeX Platform, ExplainedThe IoTeX platform employs a unique, modular architecture to meet the unique requirements of IoT-related use cases. At its core, the IoTeX platform seeks to enable trusted data and trusted devices, meaning developers do not need to replicate this complex work. Instead, developers can focus on building business logic, economics, and industry-specific components to differentiate their applications and services. Let’s walk through how IoTeX enables trusted data and trusted devices, layer-by-layer.The IoTeX PlatformBlockchain InfrastructureIoTeX has built one of the fastest and most secure blockchains in the entire industry, currently managed by 60+ decentralized Delegates and powered by our in-house Roll-DPoS consensus mechanism. The IoTeX blockchain protocol is open-source, built from scratch, and tailor fit to support large-scale IoT scenarios. Over the past months, we have made significant improvements to our blockchain, including cutting block time from 10 seconds to a lightning-fast 5-second block time with instant finality.With Mainnet GA, the IoTeX blockchain will officially establish independence from Ethereum and incorporate a new native staking mechanism (nsv2). These are massive milestones for IoTeX — our network will now be fully independent and powered by native IOTX coins. As blockchain is the root of trust for the entire IoTeX Network, we are confident our state-of-the-art blockchain is ready for the masses. In later sections, we detail specific design consideration for our current and future blockchain design.IoT Middleware for Trusted Devices and User-Owned DataIoT-Oriented MiddlewareIoTeX not only excels in blockchain, but also in core middleware components that we have fine-tuned for IoT. What truly differentiates IoTeX from other platforms is our focus on middleware that enables trusted devices and user-owned dataDecentralized Identity (DID): IoTeX’s decentralized identity framework enables devices to register an identity to the blockchain — to discover and be discovered — and also own its own data. “Self-sovereignty” for people (e.g., Sovrin, uPort) is common, but extending this concept and granting identities to devices opens the door to new human-machine and machine-machine use cases. Not all DIDs are created equal — IoTeX’s DID spec is advanced for both people and devices and is evolving at an exciting pace.Decentralized Storage: All of that IoT data … where does it all go? IoTeX offers flexible storage options via Cloud or decentralized storage, where data is “hashed” to the blockchain for verifiability and data provenance. IoTeX enforces protections for data at-rest and in-transit, and we are working closely with the IPFS team on decentralized encrypted storage for Ucam, which can be extended to other “Powered by IoTeX” devices in the future. See IoTeX’s Keynote at the IPFS Summit for more details.Confidential Computing: Once we own our data, the final step is to build applications where we can utilize our data while maintaining full privacy. By leveraging secure hardware, IoTeX enables privacy-preserving computations over encrypted data to unlock the future of user-centric applications. “Don’t bring the data to the code, bring the code to the data”.IoTeX Ecosystem PartnersDeveloper Tools & APIsAnother major focus for IoTeX in the past months and surely in the future is to make developing on IoTeX intuitive, efficient, and fun for both developers and companies. We have been fortunate to collaborate with IoT standards organizations (e.g., IIC, IEEE), enterprises (e.g., Nordic Semiconductor, Tenvis), and open source technologies (e.g., IPFS, ThingsBoard) to make all of the blockchain infrastructure and middleware accessible and usable by developers of all skill levels. We can’t wait to see what you will build!IoT Edge Oracle: in-house data oracle to port real world data from registered devices to the blockchain for use in smart contracts with end-to-end trust (whitepaper coming soon).IoT Data Dashboards: integration with ThingsBoard, a powerful open source data visualization tool to create your own IoT dashboards. Expect to see beautiful dashboards for IoTeX devices like Pebble Tracker very soon!Smart Contract Tools: new and improved IoTeX command-line tool (ioctl) with smart contract deployment capabilities, and planned integrations with smart contract tools like Truffle.IoTeX Blockchain — Guiding Principles for Design1) Multi-Purpose & Modular BlockchainIoTeX is fortunate to regularly discuss all types of privacy and IoT-related use cases with everyone from small developer teams to large enterprises to institutional consortiums. The common denominator is everyone wants access to robust, out-of-the-box core offerings with a high degree of flexibility and customization — a multi-purpose and modular platform. As we shared in our recent Pantheon announcement, IoTeX now offers permissioned and permission-less implementations of the IoTeX protocol, but our future goals as a multi-purpose platform extend much further.Over two thousand years ago, Aristotle defined a first principle as “the first basis from which a thing is known.” The same applies to IoTeX — through exploring first principles, we have defined the essentials and basic elements of a blockchain system. Turns out we can categorize what almost all blockchains do in a set of modules, as detailed in the following diagram.High-Level Structure of a BlockchainLet’s walk through the high-level structure: the Communication module pulls messages (e.g., transactions) from the P2P network and passes the raw materials to Indexers and Validators, who work closely to ingest the information in a trustworthy and reliable way — think of them as data processors, which can be cascaded to form a data pipeline. To bring it full circle, the Minter module creates new blocks based on indexers’ trusted output, while APIs wrap the data from indexers to serve various Dapps.This highly abstracted view is useful when designing a blockchain. For example, for our public blockchain, the minter implements Roll-DPoS while the validator works based on the states of accounts and blocks. For our consortium blockchain that requires a permissioned environment, the validator will leverage certificate authorities (CA) and certs information while minter may implement various consensus schemes such as Kafka or Raft. It’s worth noting that these components can be eliminated depending on the application. For a blockchain node that only serves applications, the minter and indexers/validators can be eliminated. For a Delegate node that doesn’t serve applications, the APIs may be eliminated. Fit for purpose and modular!2) The Open/Closed PrincipleIn object-oriented programming, the open/closed principle is well-known and states “software entities (classes, modules, functions) should be open for extension, but closed for modification”. In other words, an entity can allow its behavior to be extended without modifying its source code.After identifying the essential components of blockchain at the most abstract level, we began detailed design on each individual and collective component in our own IoTeX way, following the open/closed principle. The result is this beautiful architectural design, which will be instantiated for the first time as part of Mainnet GA v1.0.Object-Oriented Perspective of the IoTeX BlockchainBlockchain is an amazing tool to orchestrate other objects while maintaining accounts and private keys in a secure fashion. The IoTeX blockchain has three important objects: BlockDao, BlockValidator, and BlockMinter. (note: in Object Oriented Programming, there are two common relationships between objects: “Is-A” and “Has-A” relationships).BlockDao, which is an instance of BlockIndexer (think it as a data processor), ingests blocks as the “source-of-truth” and outputs account information. StateFactory, which is also an instance of BlockIndexer, ingests account information and outputs more specific states, such as merkle trees of an account or linked list of balances. We can even hook up other instances of BlockIndexer to BlockDao or StateFactory as needed, to transmit various information to APIs and ultimately applications. For example, to power the IoTeX voting website and Explorer we have plugged in several APUs (action processing units, which are all instances of BlockIndexer) to scrape information from the blockchain, such as total supply, votes, and rewards.In parallel, StateFactory may also act as an instance of BlockMinter and BlockValidator, which we did not detail for simplicity’s sake. In Pantheon, we plan to implement different Validator/Minters to adapt to unique enterprise setups and support Layer 2 activities. In the future, a Minter and Validator may ingest information from two public blockchains and produce a block to facilitate cross-chain transaction!What’s Next?The IoTeX platform has reached another critical milestone — fully independent, optimized for IoT, more performant than ever, and re-architected for modularity and developer-friendliness. But the work never stops! It is our goal over the coming years to work directly with builders in an iterative fashion to improve our platform and support a broader and deeper set of applications. With our Mainnet v1.0 already supporting first-of-its-kind devices like Ucam & Pebble Tracker, the future is bright and IoTeX is just getting started.“Be Radically Open-Minded” — Ray DalioThis is one of the most important principles from Ray Dalio, which emphasizes that open-mindedness and radical transparency are invaluable for rapid growth and effective change. The IoTeX team practices this principle every day, and we are open to all feedback and suggestions from developers. Together, we can turn our vision for the Internet of Trusted Things into reality.For more information, please see the official Mainnet GA forum thread.About IoTeXFounded 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”.Learn more: Website | Twitter | Telegram | Medium | RedditThe IoTeX Platform — Optimized for the Internet of Trusted Things was originally published in @iotex on Medium, where people are continuing the conversation by highlighting and responding to this story.

IOTeX

20. 05. 30

IoTeX Publishes IEEE Report...

The Institute of Electrical and Electronics Engineers (IEEE) is the world’s largest technical professional organization for the advancement of technology.IoTeX was invited to join the IEEE as a technical contributor and Advanced Corporate Member alongside the world’s premier institutions to contribute to the development of technical standards related to blockchain, IoT, and privacy. Our primary efforts will be focused on IEEE P2418: Standard for the Framework of Blockchain Use in Internet of Things (IoT). Earlier this year, IoTeX also participated in the IEEE Global Blockchain Summit alongside leaders in government, academia, and industry.The development of industry-wide standards is crucial to the advancement of new technological capabilities. IoTeX’s Head of Cryptography, Dr. Xinxin Fan, currently drives several research efforts for IoTeX, as well as the broader hardware and cryptography industries. Recently, Dr. Fan joined professors and researchers from around the world as a core author of two IEEE research papers on innovations in blockchain & IoT:Decentralized Framework for Data Authenticity Protection in IoT SystemsSupporting Blockchain-Based Cryptocurrency Mobile Payments With Smart DevicesThe technical concepts outlined in this new research underpin core parts of IoTeX’s technical vision. Firstly, new ways for IoT systems to authenticate and protect data using a two-layer decentralized infrastructure are described, which explain IoTeX’s design decisions for a blockchains-in-blockchain architecture. Second, the ability for smart devices to effectively pay and be paid is explained in the context of an innovative cryptocurrency-based mobile payment processing network.For more details, please see the official IEEE digital libraries below — documents are available to IEEE members.Decentralized Framework for Data Authenticity Protection in IoT SystemsIt is predicted that more than 20 billion IoT devices will be deployed worldwide by 2020. These devices form the critical infrastructure to support a variety of important applications, such as smart city, smart grid, and industrial IoT. To guarantee that these applications work properly, it is imperative to authenticate these devices, as well as the data generated by them. Although digital signatures can be applied for these purposes, the scale of the overall system and the limited computation capability of IoT devices pose two big challenges. In order to overcome these obstacles, this paper proposes a novel decentralized ledger-based authentication framework for IoT devices. The framework utilizes a two-layer decentralized ledger architecture together with a lightweight data authentication mechanism to facilitate IoT devices and data management. This work has been published in IEEE Network.Supporting Blockchain-Based Cryptocurrency Mobile Payment With Smart DevicesThe ownership of smart devices is higher than ever before and mobile payments have become one of the major payment methods in many different disciplines. As a result, there is a natural demand to support cryptocurrency payments on smart devices. Considering the poor infrastructure and low penetration of financial services in developing countries, this combination has high potential impact. This paper proposed two different schemes for cryptocurrency mobile payments, one involving a centralized bank and the other not requiring any centralized party. This paper also provides a solution to meet KYC (know your customer) and AML (anti-money laundering) compliance requirements in the context of cryptocurrency mobile payment processing. This work has been published in IEEE Consumer Electronics Magazine.About IoTeXFounded 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”.Learn more: Website | Twitter | Telegram | Medium | RedditIoTeX Publishes IEEE Reports on Blockchain & IoT was originally published in @iotex on Medium, where people are continuing the conversation by highlighting and responding to this story.

IOTeX

20. 05. 30

IoTeX Mainnet GA Announcements

In 2019, IoTeX launched Mainnet Alpha & Beta, which served as incremental steps toward our biggest milestone yet: Mainnet General Availability (GA). Mainnet GA is more than just a code release — it comprises new governance, tokenomics, technology, and independence for the IoTeX Network. Welcome to the next era of IoTeX!Throughout April & May, we will be announcing various components of Mainnet GA, based on the following schedule. Stay tuned to our Twitter and Telegram for more official announcements!Wave 1: GovernanceHermes 2.0: open source rewards distribution system for Delegates and voters — Announcement (Apr 23) & Forum Thread & Hermes WebsiteNative Staking v2: a new secure, scalable, and flexible native staking mechanism — Announcement (Apr 27) & Forum ThreadWave 2: DevelopersIoTeX Halo Program: grants from the IoTeX Foundation for blockchain/IoT devs and ecosystem builders — Announcement (May 8) & Website & Apply on GithubWave 3: TechnologyIoTeX Pantheon: enterprise-ready consortium blockchain for IoT — Announcement (May 13)The IoTeX Platform: more decentralized, developer-friendly, and performant than ever — Announcement (May 21)Wave 4: Independence Day: June 1, 2020Native Blockchain: migrate all ETH stakes/votes to IoTeX MainnetNative IOTX: ongoing swap for IOTX-E (ERC20) to Native IOTXSee the official Migration Plan thread for more detailsWave 5: TokenomicsEcosystem: official plans for Ecosystem funds, including tokenomics regarding “Powered by IoTeX” devices (e.g., Ucam)IoTeX Mainnet GA Announcements was originally published in @iotex on Medium, where people are continuing the conversation by highlighting and responding to this story.

IOTeX

20. 05. 30

The Smart Home of Tomorrow

This is Part II of our “How to Protect Your Smart Home in 2020” Mini-Series by IoTeX & NKN. For Part I, please see our “Your Private Smart Home” webinar.Smart homes today contain many different types of devices made by multiple manufacturers. However, the ecosystem is extremely siloed. You have solutions from August, Google Nest and ring that have their own vertically integrated tech stacks. Starting from the devices, data is passed to the gateway, which is then sent to the cloud and finally to the application for processing. Using the August door lock as an example, the data being passed along this vertical tech stack is sensitive security credentials that will be used to tell the lock to either lock or unlock the door. Even the metadata from these devices can be valuable in understanding behavior, usage and more. That is why many of these large tech giants have an incentive to own your smart home data. The consequence of this, is that tech giants have made these tech stacks inoperable across platforms. In doing so, they are keeping the data within their own walled garden.The future looks much brighter. First of all, interoperability between these vertical tech stacks can be eliminated. We can create interoperable devices and gateways that use new IoT standards that are able to communicate with each other. We can have cloud environments that communicate without costly operations. We can even have applications that can share data with each other, eliminating the need to have so many apps on our smartphones to see and control our smart homes. Perhaps the most important part of this future is that data ownership does not reside with the corporations and will be a more human centered ecosystem where we own our data and can offer it to applications on an opt-in basis. Next, let’s take a look at some of the technologies that can make this future happen.The first technology is Blockchain. If you think of blockchain as a trusted foundation rather than a computation or storage platform, it comes with many important benefits. The first of which is security. Blockchain is a distributed architecture which means it is highly resilient to attack. Next, Blockchain is interoperable. Instead of being vertically integrated, it is horizontally scalable. Third, it is Decentralized. It uses an open and neutral infrastructure that anyone can access and anyone can build on. Next, it’s programmable. Blockchain enables smart contracts which are trusted, automated transactions between peers. The last piece is continuity. Because Blockchain is decentralized and distributed, it’s a “never down” network with no single point of failure. For instance, you might have an IoT device from a manufacturer that no longer exists. Those IoT devices are no longer serviceable because the tech stacks that they operate in have been taken down. If we move these tech stacks to a decentralized blockchain, they could live even past where the manufacturer decided to shudder their doors. It’s important to understand that blockchain is not going to be the silver bullet that will solve everything. It is not the Panacea, but it’s a great foundation to layer on additional technologies that have built in trust and privacy as a priority.One of the technologies that is important to layer on top of blockchain is secure hardware. It’s especially important when we talk about our smart home. Secure hardware is basically a special type of chip that is built into many types of devices today. The chip is called the Trusted Execution Environment (TEE) and it separates normal applications from applications that require full trust. You can have a “secure world” and “normal world” that can pass data between each other while isolating certain software and hardware processes. This guarantees the integrity and confidentiality of all data and processes executed within this special chip. While this may sound like science fiction, the truth is that secure hardware is everywhere and you use it almost every day. Even the chips in our iPhones that manage our biometrics, for example our fingerprints and face IDs, use this technology. The reason why we trust our phones to do that is because all this very sensitive information is processed within this very secure, isolated, hardware element. The chips on your credit card are also a form of secure hardware that protect the spending credentials. For those in the crypto space, hardware wallets such as Ledger Nano S offer secure hardware to help protect your private keys.All of these secure hardware devices are active today. Unfortunately, they are closed and proprietary which does not allow us as users or developers to gain access and run new processes within them. We would like the ability to self define what we deem to be valuable as data and process that data within these secure elements. An open, programmable, and affordable secure ecosystem is coming. Secure hardware is created by some of the largest semiconductor companies in the world such as ARM, AMD, Intel, and NXP. In fact, while Moore’s law, which describes how devices get twice as fast every year, is beginning to hit its theoretical limit in terms of performance, we are now seeing devices getting twice as cheap every year. We will start to see these more advanced and expensive chips make their way into normal devices including those in your smart home. One piece of advice though, just like you read the nutrition facts for different types of foods that you put into your body you should also evaluate what types of devices you are putting into your homes.The next enabling technology is Decentralized Identity. Decentralized Identity or DID is basically a way to issue identities and enable interoperability and data ownership for individual people, devices, and businesses. Today if you think about the schematic of your smart home, many of these devices do not have identities which means they cannot discover or be discovered by other devices. This makes them non-interoperable and many of the problems with non-interoperability in the IoT ecosystem is due to the lack of standardized identities.If we take a look at the history of identity in the digital world, we start with centralized identity. In this case, you register once, and you are trusted by that one entity. This is very common today, and happens every time you go to a new website and it asks you to create a new username and password. The service provider will establish and maintain your identity. It’s important to note that because the service provider created your identity, they also have the ability to take it away. For example, if you are found to break the rules on Twitter, they can not only disable your account, but can give your old handle to someone else. Essentially giving your identity away to another user.Another instance is called Federated Identity, where you register one identity and it is trusted by many entities. Service providers essentially trust the identities that have been established by other identity providers. For example, any time you go to a new website and it offers to log you in with Google or Facebook, this is using federated identity. However, similar to centralized identities, these identities can also be taken away. If you think about all the websites in which you use your Gmail email address to login, and Google decides to remove your account, you would also lose your identity on those sites.The future is Decentralized Identity. In this case, you register once, and the identity is trusted globally by other individuals and entities. This mechanism is built on top of distributed ledgers where users can self manage their own identity. Users create their own identity and are the sole owner with the ability to modify the identity to add credentials or new information. Users can also offer that identity as a login to several services that they use. The main difference is that because you created the identity you are the sole owner. When this concept makes its way into our smart homes it will be important to understand that it’s not just the identity of us that matters but the identity of our devices.Another thing that is going to enable interoperability and security of smart homes that we envision is IoT standardization. As you can see there are many standards working on everything from application layer to connectivity layer and from the B2C market to the B2B market. However, it is important that we identify unified standards for hardware, identity and connectivity which will enable an open ecosystem, improve interoperability, and protect security and privacy. Luckily there are a lot of great initiatives going on such as Project Connected Home over IP and the W3C. As more of these efforts from industry leaders emerge, we will start to see more standardization of devices. Stil, it’s important for us to continue to push for standardization from the user perspective.The final element to add to the future smart home is secure encrypted communication.This item has made its way into the news recently with the security vulnerabilities found in the popular Zoom conferencing application. Zoom had made claims about their end-to-end encryption, however, it was discovered that it was not fully end-to-end encrypted but instead client-to-server encryption. Client-to-server encryption means that your data is encrypted between your mobile application and the cloud server it is connected to. However, the server will then decrypt the information for processing, establish data profiles, and other activities. Having this man-in-the-middle with your decrypted data is a source of vulnerability for attackers. These attacks can come, not only from outside attackers, but insider attackers such as cloud admins as well. For instance, Amazon recently fired a number of cloud admins for accessing user’s ring video feeds. Even though we are relatively protected from hackers, insider attacks are one of the most common forms of security threats.A lot of what we do to patch up these problems today are done with regulations and with policies. GDPR in Europe and the CCPA, California Consumer Privacy Act, are now emerging and these regulations are very important to build transparency to how corporations use our data. While these organizations do not guarantee our privacy, they do provide an operational framework that allows us to ask: what data do you have on me? how will you use it? as well as the ability to request to delete it. Therefore, one thing that we need to do is build and adopt technologies that offer true end-to-end encryption. Instead of having a server in the middle to process your data, we can opt to have data processed at the edge or even local within the devices we use. By doing so, we can eliminate these insider attacks using end-to-end encryption.To wrap up secure encrypted communications, sometimes end-to-end encryption is not enough given all the communications that happen between devices, networks, cloud, and applications. While end-to-end encryption might be able to protect the content for distribution, there is also metadata that can be very telling about our activities. Hop-by-hop encryption can help protect metadata and the data leakage that emerges from communications between devices. There are also technologies that allow you to embed public keys into devices so that we can do encryption without a 3rd party certificate authority. Finally, a globally distributed, “never down” network would be a great foundation to power and secure all these different encrypted communications.How does this fix all the problems with today’s internet? When we put all of these new technologies together, we can see how these technologies address the vulnerabilities experienced by today’s smart home. First Secure HW available at the device level can help protect the software and processes running on those devices from exploits and malware. Decentralized Identity can protect against attacks that steal your credentials like Main-in-the-Middle attacks and the decentralized architecture helps protect against Denial of Service (DoS) attacks. Regarding secure communications, having end-to-end and hop-by-hop encryption helps protect against both Man-in-the-Middle and Eavesdropping attacks and the globally decentralized infrastructure can help mitigate DoS and DDoS attacks as well. Last is IoT Standards, which really does have an impact across many of these vulnerabilities. Standards make the risks public which helps to both expose and harden the security over time.Let’s take a holistic view of the entire tech stack. Starting with Blockchain, which is a great tool for establishing trust. We see Blockchain as the basis to build trust for smart homes and its devices. On top of that, are gateways that offer built-in universal IoT standards along with Decentralized Identity to authenticate these devices and secure HW to provide a trusted execution environment for software. At the device level, you will also see Decentralized Identity and secure HW adopted, but you will also see data being processed on the devices themselves eliminating the need to send sensitive data to the cloud. These devices will become more powerful and more connected as devices communicate between devices or peer-to-peer. That is the picture of the smart home of the future.For more, please see Part I of our “Private Smart Home” mini-series:https://medium.com/media/30abb18f04243d86577521d2d717d567/hrefAbout IoTeXFounded 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”.Learn more: Website | Twitter | Telegram | Medium | RedditThe Smart Home of Tomorrow was originally published in @iotex on Medium, where people are continuing the conversation by highlighting and responding to this story.

IOTeX

20. 05. 20

IoTeX AMA with Minted Lab

On May 13, IoTeX held a special AMA with Minted Lab, a top Korean crypto community. Larry Pang, Head of Business Development @ IoTeX, shared insights and perspectives on IoTeX architecture, current use cases, future plans, and comparisons to other blockchain/IoT/privacy projects. Enjoy!Is it easy for IoTeX to handle high-volume data? I understand that IoTeX has developed a multi-layer architecture for scalability and speed. I wonder what the results are?The IoTeX platform utilizes a unique architecture to meet the unique demands of Internet of Things (IoT) use cases. Our multi-layer architecture combines smart devices, IoT Cloud + decentralized storage, and blockchain. Let me describe each of these layers:Device Layer: IoTeX is all about generating trusted data from trusted devices to enable trusted applications. A critical piece of this is the device layer. To trust a device, it must have a verifiable identity and its actions must be verifiable by others, which is exactly what IoTeX enables by combining secure hardware and blockchain, two tamper-proof technologies.Storage Layer: IoT devices generate a lot of data, and not all of that can be stored on the blockchain due to cost/scalability reasons. But today, more and more data validation and processing is performed “on the edge” or on the device itself, reducing the need to store large amounts of unfiltered data on servers. A scalable and flexible approach is to store/index pre-processed data on the IoT Cloud (e.g., AWS) or decentralized storage (e.g., IPFS, Sia) and “hash” them to the blockchain, which provides timestamped verifiability and data provenance. When needed, this data can be written to the blockchain for use in smart contractsBlockchain Layer: the root of trust for the entire IoTeX Network. Our blockchain is open source and one of the fastest in the entire industry — not only does it enable standard P2P transactions and smart contracts, but it is also used to register device identities and “hash” data (stored on Cloud/decentralized storage) to the blockchain.The combination of these three layers provides great flexibility for developers and builders. For more information, please see our Blockchain & IoT Reference Architecture.IoTeX received attention by announcing Ucam at CES 2020. Please explain the advantages of Ucam and its future schedule.IoTeX recently launched our first “Powered by IoTeX” product called Ucam, which was built in partnership with Tenvis, a major security camera camera manufacturer. Tenvis was founded in 2005 and has sold millions of cameras to governments, enterprises, and consumers — they are currently “Amazon’s Choice” for security cameras, but came to IoTeX to bring privacy to their users.Ucam is the world’s first absolutely private home security camera that lets you own your data. This year at CES, the world’s largest tech conference, Ucam won the CES Innovation Award for Cybersecurity & Privacy. Ucam uses blockchain-based identity and the encryption keys are generated using the IoTeX blockchain in a decentralized fashion to make sure only the user has a copy of the encryption key for full privacy. With Ucam, nobody can access your device or data except you, or people authorized by you.We have many exciting plans for Ucam — we are currently working with IPFS to add decentralized storage to the camera and are also planning to launch other form factors of Ucam, such as doorbell + outdoor camera. The great thing about Ucam is the firmware/software that IoTeX developed can be used on almost any camera, so we are actively exploring new types of cameras to power with IoTeX — Ucam is just one of many “Powered by IoTeX” products in the future!What would you say is your top strength and what type of market opportunities are there for IoTeX?IoTeX has one of the strongest and most technical teams in the entire industry. We are at the forefront of cutting-edge tech in the blockchain space, but we are also equally cutting-edge in the IoT space, including hardware, connectivity, and large-scale architecture. The IoT industry recognizes our potential too — IoTeX was recently selected as the Co-Chair of the Industrial Internet Consortium (IIC) Blockchain Group along with Amazon and Huawei. We built our entire blockchain and IoT middleware from scratch and launched several blockchain-powered IoT products in only two years. The best part is we are just getting started — there is so much future potential for IoTeX.The biggest opportunity for IoTeX is the size of the IoT industry and the fact that nobody is doing what we are doing better than us. Many people are focused on DeFi projects right now because they see finance as a huge industry — finance is a multi-trillion dollar industry, but so is IoT! In fact, IoT is growing at a much faster rate than most industries. Today, there are 25 billion IoT devices around the world and there will be >100 billion IoT devices by 2025. We have big goals to power all types of devices in the future and be the decentralized infrastructure to enable the future of privacy and IoT.Blockchain + IoT + Privacy is a fairly new market, but there are competitors aiming for the similar use cases. How is IoTeX better than them?There are many people working on the intersection of Blockchain+IoT and Blockchain+Privacy, but the intersection of Blockchain+IoT+Privacy is quite complex — IoTeX makes it easy. Our team is uniquely positioned to not only take first mover advantage in this budding industry but also to be the long-term market leader given our extensive technical knowledge in all three areas.Most importantly, I have not seen anyone actually producing real products like IoTeX has done. Personally, I don’t care about what is in the white paper — anyone can tell a great story, but the proof of real products matters a lot. Only two years after IoTeX launched our first code release in April 2018, we already have several types of devices that are powered by our platform, not just prototypes or proofs of concept. I can list many of my opinions regarding what differentiates IoTeX from our competitors — our team, cutting-edge research, pace of development, etc. — but the real thing that matters is we are the only ones building real stuff. These two devices are just the start and we expect many other form factors of similar devices to emerge over the next year:Ucam, which is built in partnership with TenvisPebble Tracker, which is built in partnership with Nordic SemiconductorIt is important to remember that IoTeX is a platform — our ultimate goal is to enable other people/companies that are interested in privacy/IoT to leverage our platform and tools so that they can also create their own privacy-protecting IoT products. IoTeX will provide trusted data and trusted devices to builders, who will use it to build their own trusted applications and services. In this sense, we welcome even our competitors to use some or all of our platform/tools to empower their products.What is the difference between IoTeX’s consensus and others?The IoTeX Network utilizes Roll-DPoS consensus, which we designed in-house. To support the high scalability required for IoT use cases, IoTeX decided to use a Delegated Proof of Stake (DPoS) design, but we also made significant improvements to traditional DPoS. Instead of a fixed number of Delegates (e.g., EOS has 21 block producers), IoTeX randomly selects 24 of the top 36 Delegates to mine blocks every hour. This randomness improves the decentralization and security of the overall network, without affecting the performance. Roll-DPoS enables IoTeX to be one of the fastest blockchains in the entire industry with 5-second block times and instant finality for transactions. You can read our Roll-DPoS yellow paper here.There are many competitors in IoT-relevant blockchain like IOTA, Hedera hashgraph. What is the main edge of IOTEX itself?There are several great projects that are working on Blockchain & IoT, but it is important to understand what part of the tech stack they are addressing. IoT requires many components/layers to work, as I described above. For example, IOTA is focusing on machine-to-machine communications/payments, while Hedera focuses on rapidly sequencing transactions at low cost. These are definitely needed to support the future of IoT, but it does not cover everything that is needed. In other words, end-to-end solutions cannot be fully supported by these other projects.IoTeX is different because we think about the entire picture of what is needed for full-stack IoT solutions, and we have proven this with Ucam. Specifically, the IoTeX platform enables trusted devices and trusted data, so people that build on IoTeX do not have to re-create this component. We also provide the necessary tools that developers/builders need to use these trusted devices and trusted data to make their own trusted applications. So by default, people that build on IoTeX can focus on the business logic / application layer, while the IoTeX platform takes care of the rest. This is our “plug-and-play” vision for the future of IoT!In April, Upbit designated IOTX as a “privacy coin” and issued an investment warning with risk of delisting IOTX from the exchange. What are your thoughts about this? Any updates?Good news! Upbit just announced yesterday that they will not de-list IoTeX. This has been an interesting experience for us — over the past couple weeks, we have discussed with the Upbit team regarding their new initiative to de-list “privacy coins” such as Zcash and Monero. But IoTeX is not a privacy coin and we do not have anonymous/private transactions. The privacy that we focus on is not about sending money privately between people. Our version of privacy is to allow people to own their own data — this means that they can choose to keep their data private, share it with others, or sell it to advertisers or third parties.This is an important consideration — today, the definition of “privacy” means different things to different people. It really depends WHAT you are trying to keep private and WHO you are trying to keep it private from. For privacy coins, the “what” is financial transactions and the “who” is usually governments or institutions. But for IoTeX, the “what” is the data that comes from our smart devices (which we should already own today) and the “who” is tech giants that sell/manipulate our data without our consent. After discussing this with the Upbit team, they now understand IoTeX’s vision for privacy and will NOT de-list IoTeX.What is your project’s main goal in 2020? And what is your vision and mission for IoTeX?Our main goal for IoTeX this year is to welcome the world to build amazing things on our platform. Over the past two years, IoTeX has worked very aggressively to build out our protocol, infrastructure, and platform — with Mainnet GA launching in early June, we know that the IoTeX platform is ready to support a wide variety of use cases across blockchain, IoT, and privacy. Until now it has been a lot of work from the core team and a small subset of community members, but our goal is to build our ecosystem of builders and contributors that will bring great network effects to IoTeX.We are starting this process right now by launching our new developer grants program called Halo. We have already received many interesting proposals for new projects that people want to build on IoTeX, including asset tracking use cases (like Hyperaware) as well as healthcare devices/wearables that let you own your health data. We encourage any developers out there to take a look at Halo and apply for a grant!Halo will also be an important initiative to put our developer-focused device kits in the hands of builders from around the world. Our next big priority for developers is to launch Pebble Tracker, which is a special device that IoTeX built with Nordic Semiconductor, one of the leading chip manufacturers in the world. This device has built-in secure hardware and is able to write sensor data directly to the blockchain for use in smart contracts — it is basically an IoT data oracle that is hardware-based. Check out the Nordic Semiconductor announcement for more information.IoTeX has completed the Mainnet through technical upgrades over the past 12 months since the original Mainnet Alpha launch in April 2019. Please explain the changes over the past year.Over the past year, we have made many improvements to our blockchain. Next month in June 2020, we will launch the full production version of the IoTeX Mainnet, which is called Mainnet GA. The most important part of Mainnet GA is that we will establish full independence from Ethereum and become a native blockchain. All ERC20 tokens will be swapped to IOTX coins, and all staking/voting activities will be migrated from Ethereum to IoTeX. This is a big moment for IoTeX as we will be our own network with no reliance on anyone else, exciting! You can see our open source code on our Github.Other blockchain-related things we have done over the past year is reduce block time by 50% (2x as fast) and also making several security enhancements to the blockchain. We also launched new dev tools that make it easy to build on IoTeX. But Mainnet GA is not just about technology — we have been announcing new tokenomics, governance, and other items all throughout this month. You can see the full list of past/planned announcements in this IoTeX Forum thread.The reason why Blockchain +IoT technologies have not been commercialized so far is the issue of scalability and security has not been resolved. I wonder how you’re going to solve this problem. Also, I would like to know how the blockchain structure design of the IoTeX platform works.As I mentioned in an earlier question, the IoTeX platform utilizes a unique architecture to meet the unique demands of Internet of Things (IoT) use cases. Our multi-layer architecture combines a trusted device layer, Cloud/decentralized storage layer, and blockchain layer. The combination of these three layers provides great flexibility, security, and scalability for developers and builders.To answer your questions about scalability — many people think that ALL data from IoT devices must be written to the blockchain, but that is not true. The thing that really matters is “triggers” aka data that represents a change in the real world that you want to be reflected in the digital world. For example: if you are a fish company in Japan and you want to ship your fish to Korea, you may use IoT devices/sensors to ensure that the fish is kept below freezing temperature, and if the fish is not handled properly a blockchain can automatically enforce settlement/penalties via smart contracts. However, to do this you do not need to write every single piece of data to the blockchain. All you need is a time-stamped data point that shows the fish was not kept below freezing temperature — the “trigger”. The entire dataset can be stored on the IoT Cloud or decentralized storage (e.g., IPFS), but only the “trigger” needs to be written to the blockchain to achieve the desired business outcome.Another thing to understand is that a lot of computing today is done “on the edge” meaning on the device itself. Even small sensors can perform simple data validations, and more powerful devices like routers are being equipped with AI engines for advanced processing. This means there is less computation required in the lower parts of the tech stack, such as Cloud or blockchain. This is actually an example of “Layer 2” scalability, except instead of a verifiable/trusted blockchain as Layer 2, you have verifiable/trusted devices that can take on some of the responsibility. For more information, please see our Blockchain & IoT Reference Architecture.About IoTeXFounded 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”.Learn more: Website | Twitter | Telegram | Medium | RedditIoTeX AMA with Minted Lab was originally published in @iotex on Medium, where people are continuing the conversation by highlighting and responding to this story.

IOTeX

20. 05. 20

IoTeX Pantheon — Enterprise...

IoTeX Pantheon — Enterprise-Ready Consortium Blockchain for IoTThis is Part 4 of IoTeX’s Mainnet GA announcements. Throughout May 2020, we will share other components of Mainnet GA, including new tokenomics, governance, and technology. For more on Mainnet GA, visit the IoTeX Forum.Introducing Pantheon by IoTeXWe are proud to announce Pantheon, IoTeX’s enterprise-ready consortium blockchain designed for the Internet of Things (IoT). Why Pantheon? In Greek mythology, the 12 “Olympians” composed the Greek pantheon, a council of trusted gods who each contributed unique strengths to the group. This philosophy is also reflected in IoTeX Pantheon, which allows users to build their own council of trusted members to orchestrate data sharing, automation, and other actions in a trusted fashion.The Greek Pantheon of 12 Olympian GodsIoTeX Pantheon was developed throughout the past year, stemming from ongoing initiatives with IoT enterprises. At a high-level, Pantheon adopts the IoTeX protocol and layers on flexible user management and IoT-related tools. Instead of keeping this enterprise framework proprietary, IoTeX has decided to open-source Pantheon for the entire community to explore! Pantheon will be launched as part of Mainnet GA in early June.In this article, we explain public vs. consortium blockchains, what is unique about Pantheon, and enterprise use cases we are actively exploring.What is a Consortium Blockchain?Unlike public blockchains that are “permissionless” (i.e., anyone can participate in consensus), a consortium blockchain is “permissioned”, meaning consensus is restricted to specific users. As you may know, public blockchains are maintained by decentralized miners to reach global consensus. On the other hand, consortium blockchains are maintained by a membership of authorized users, each of which runs their own node and updates their own version of the ledger, to reach consortium consensus.While consensus-related activities (i.e., producing new blocks) are restricted to consortium members, the ability to read/write data to a consortium blockchain can be customized to be public, members-only, or a hybrid depending on the specific use case. Some example implementation options include: 1) restrict read/write access to consortium members only (i.e., sensitive data only meant for consortium members), 2) restrict write access to consortium members only but enable public read access (i.e., data from consortium members is publicly useful), or 3) restrict write access to the consortium owner and enable read access for consortium members only (i.e., grant access to proprietary data to specific parties). This ability to set specific “permissions” for different audiences is unique to consortium blockchains.Consortium blockchains also differ from public blockchains with regards to crypto-economics. Public blockchains utilize tokens to incentivize pseudonymous miners to manage governance and produce blocks — “full decentralization”. On the other hand, permissioned blockchains do not require tokens to facilitate governance and block production, as these responsibilities are managed directly by known consortium members — “partial decentralization”. As a result, consortium members are often both the users and the maintainers of a consortium blockchain.For more on public vs. consortium blockchains, check out this post by Vitalik.What is unique about Pantheon?While other consortium blockchains like Hyperledger and Enterprise Ethereum are general-purpose, Pantheon is designed for real world IoT use cases. Over the past year, IoTeX met with all types of IoT organizations to hear first-hand how blockchain technology may be applied in the real world. The answer? Some enterprises, such as our Ucam partner Tenvis, are interested in building next-gen permissionless solutions via public blockchain. But many IoT organizations are actually interested in enhancing the trust/automation of their current solutions via consortium blockchain.What makes Pantheon unique is it is custom-built to support the full-stack IoT use cases shared directly by our enterprise contacts. By creating a Pantheon blockchain (“Pan-Chain”), users can benefit from powerful capabilities that are specific to Pantheon, which are summarized below:User & Group Management: Pantheon is equipped with flexible permissions tools to customize which users/groups can participate in consensus and read/write data to the blockchain.IoT-Oriented Capabilities: Pantheon has useful capabilities for IoT, including device identity and data lifecycle management, to enable trusted users/devices/data for trusted multi-party applications.Full-Stack Framework: Most importantly, Pantheon seamlessly synchronizes with other IoTeX technologies, such as secure hardware and encrypted storage, to enable end-to-end IoT solutions (see figure below).Pantheon Use Cases for EnterpriseWhat kinds of real world use cases will Pantheon enable? Imagine a group of enterprises is involved in a multi-party process, where some or all interactions between parties lack trust. Today, establishing trust between untrusted parties relies on regulation, legal action, and other reactive means. A better approach is to start with a trusted foundation composed of trusted users/devices/data, where trust is proactively established and guaranteed by technology. This is exactly what Pantheon provides: a “trusted collaboration zone” that ensures no party can perform untrusted actions.Welcome to the New Internet | Muneeb AliWith Pantheon, enterprises do not need to re-create the technology required to enable trusted users/devices/data — let Pantheon do the heavy lifting. Instead, enterprises can focus on their expertise: the business logic and economics that ultimately power/differentiate their use cases. Some examples of Pantheon use cases are provided below:➡️ Immutable “Source of Record”Pantheon enables a shared, verifiable, and immutable “source of record” that can be used for audits, insurance, and more. This “source of record” is verifiable as the users, devices, and actions that created it are all verifiable.Video: An immutable history of video feeds can be used for insurance and audits to prove without a doubt something happened at a specific time. This is important for retail security cameras, dashcams in taxis/trucks, delivery of goods, and more. We are actively working with enterprises in this area, which also involves the technology that IoTeX built for Ucam.Supply Chain: The need to synchronize information across parties is a huge burden in the supply chain industry today. Working from a shared “source of record” can lubricate many supply chain bottlenecks today. We are actively exploring this area with Pebble Tracker & IIC.➡️ Multi-Party Data Sharing & AnalyticsOne of the biggest requests from enterprises is the ability to share/analyze data with other parties without going through a centralized Cloud provider. Pantheon provides a trusted environment to make this happen.Digital Twins: Enterprises that use the same machines (e.g., planes, manufacturing, solar panels) may share/analyze data and metadata to fine-tune the performance of their machines.Suppliers/Customers: Enterprises may share supplier/customer details in a “private collaboration zone” to improve their ability to fight fraud, predict payback schedules, and optimize operations.➡️ Business-to-Business (B2B) ContractsA trusted “source of record” and trusted data sharing are prerequisites for trusted B2B interactions. With Pantheon, trusted data generated by trusted users/devices will trigger a variety of smart contracts.Automation: A smart contract can be deployed via Pantheon to listen for a specific data “trigger”; after the trigger is received, the smart contract will automate a specific piece of business logic in a trusted fashion.Fractional Ownership: Another type of B2B contract is ownership of an asset — physical contracts may be digitized and updated based on pre-defined rules and trusted data “triggers”.What’s Next?The future of Pantheon is extremely promising — in fact, the revolutionary IoT products that are powered by the IoTeX public blockchain (e.g., Ucam, Pebble Tracker) are also directly compatible with Pantheon. IoTeX is now exploring how Pantheon + Ucam/Pebble can be applied to various industries with telcos, IoT manufacturers, and other global enterprises. In addition, IoTeX plans to utilize Pantheon in future Industrial Internet Consortium testbeds.Don’t just take our word for it — try Pantheon out for yourself! Although Pantheon is targeted at enterprise users, it will be open-source and available for anyone to use. Our goal is to allow any developer to stand up a single-node Pan-Chain quickly, easily, and effectively. Pantheon will be launched to the public as part of Mainnet GA in early June.For more information, please see the official Mainnet GA forum thread.About IoTeXFounded 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”.Learn more: Website | Twitter | Telegram | Medium | RedditIoTeX Pantheon — Enterprise-Ready Consortium Blockchain for IoT was originally published in @iotex on Medium, where people are continuing the conversation by highlighting and responding to this story.

IOTeX

20. 05. 20

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