Hassan Maishera
On Wednesday, the IoTeX team announced via a blog post that they have launched ioID, an advanced on-chain identity solution for smart devices. ioID equips devices with their smart contract wallet and private key to sign data on-device and verify real-world activities.
ioID provides DePIN builders with a suite of tools to register and manage device identities on-chain and off-chain. It also equips devices with their own smart contract wallet and private key to sign data on-device and verify real-world activities. Furthermore, ioID is a gateway for devices to interact with the rest of the IoTeX 2.0 tech stack, including DePIN Infrastructure Modules (DIMs) for connectivity, storage, compute, and more.
IoTeX's mission is to be a privacy-centric blockchain managing the entire information lifecycle of an Internet of Things (IoT) network, including data collection, transport, storage, and utilization. IOTX is down 2% today and is currently trading at $0.0411.
