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The internet of things (IoT) is engulfing us with a deeper penetration day by day. All your smart devices (things that can connect to the internet) are connected to the internet; examples would be your smartphone, laptop, tablet, smartwatch, etc. 

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With the aid of IoT sensors, almost anything can now be made a part of the IoT. The internet of things is a network in which each autonomous thing shares data with all other things in the network. Given the widespread usage of smart devices, you can imagine how vast the IoT network is. Actually, it’s a lot bigger than that because IoT sensors have been placed in traditionally “unsmart” items and have allowed them to connect to the network too. This ensures that each autonomous device is able to learn from the data being collected by other entities in the network; this collectively allows the world to have smarter devices with each passing second. 

Global spending on IoT has reached $800 billion and is expected to cross $1 trillion by 2020. Clearly, this market is massive and a lot of money is being poured into it. But much of the interactions both people and companies are having with the IoT are relatively new. This opens up several problems that need to be addressed. 

-	The amount being spent on IoT is tremendous; generating feasible long-term, sustainable returns from this market requires that companies are able to develop proper economies of scale. This still remains a challenge. 
-	Public willingness to fully utilize the power of IoT remains low due to understandable privacy concerns. IoT devices are able to store and share tremendous amounts of data—that data includes personal details.
-	Many blockchains are being developed to interact with the IoT; the very nature of blockchains at present makes them work independent from each other and this creates plenty of systematic friction.

<center><h1>IoTeX Makes its Move</h1></center>
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IoTeX is a revolutionary blockchain; it combines many technological advances made by its predecessors to develop a product that intuitively targets the problems faced by the IoT market at present.
 
IoTeX founders understand that generating consumer flow towards increased interaction with IoT is easy given the value it provides; however, given the mass-media moves to spread awareness about importance of privacy, people have become averse to too much interaction with anything that shares too much data. 

<center><h1>The Solution</h1></center>
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IoTeX leverages lightweight stealth addresses which allow users to protect much of their identity. IoTeX provides a means to have a seamless intermediary between the interactions of consumers and IoT devices. 

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This factor is of essence to the success of IoTeX’s plan. With consumers’ privacy assured, they are willing to adopt increased interaction with IoT devices. There fear of loss of privacy is satiated. This leads to mass public’s increased interaction with IoT devices, beyond the very basic essential ones such as laptops and smartphones. 

As consumers face little reluctance to adopt IoT devices, businesses too will be more open to adopt them in their services. The cyclical value addition caused by IoTeX’s privacy offering is remarkable. The more IoT devices that enter the IoT network, the more powerful the network becomes and this positive feedback channel continues to internally strengthen itself. 

More powerful IoT network leads to better products entering the market for users. Users adopt these and more IoT devices enter the market. And the cycle feeds itself. It all starts with resting users worries and privacy concerns. 

<center><h1>Building Scalability</h1></center> 

Economies of scale are developed as businesses are able to increase output. As more users adopt IoT devices of various kinds, manufacturers are able to have decreased average cost per product. This leads to lower sale prices and the cycle feeds itself as lower prices are able to let more consumers adopt the product, which, once again, allows manufacturers to have even lower manufacturing costs.

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A side-line benefit is also raised. The increased inflow of revenues allows additional funds for R&D. Also, as consumers become more open to IoT devices, it’d be easier for the government and businesses to leverage IoT sensors in more situations. As the major progress in IoT can be developed by connecting more devices that are traditionally not part of the smart channel, the overall strength of data availability and progress in the IoT network enhances—thereby making the entire network and its participating devices smarter. 

With consumers’ privacy concerns at risk, demand rises which allows increased volume to develop a better economies of scale for manufacturers and developers; this provides great scalability in terms of physical development. 

<center><h1>The Blockchain Network</h1></center> 
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Many blockchains are being developed to interact with the IoT, however, these tend to mostly work autonomously. IoTeX is making the first move in uniting these blockchains in a singular infrastructure. This removes the frictions created by the lack of interaction between technologies that are intend to improve the functioning of IoT but cannot work in alignment. 

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With IoTeX, the various blockchains aimed at the IoT work together and even sustain cross-blockchain transactions. This enhances the efficiency of interactions among the blockchains and allows for greater scalability of their usage within the utility and development of IoT devices and the IoT network itself. 

IoTeX is breaking the barriers that limit the capabilities of IoT. This revolutionary blockchain will increase scalability of IoT devices and the IoT network by focusing on the most essential issue restricting sustainable adoption: privacy. IoTeX is a privacy-centric blockchain that is the cure many of the pains faced by the IoT market. 

<center><h1>**Essential Information**</center>
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🌐 Website: https://iotex.io/ 
💡 Whitepaper: https://iotex.io/white-paper 
👨 ANN Thread: https://bitcointalk.org/index.php?topic=3099670.0 
💻 Telegram: https://t.me/IoTeXGroup 
⌚️ Token Sale: March 21 
📃 Ticker: IOTX
👂🏻 Token Type: ERC20
🔗 KYC: YES
💰 Accepts: ETH


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