DRAPER UNIVERSITY WEB3 PODCAST

Concept Of Machines and Connected Devices Making Money For Us In Future with Jing Sun (IoTeX)

Episode Summary

Fireside chat Jing Sun Cofounder of IoTeX, builder and investor of decentralized economy. IoTeX combines secure blockchain tech with the Internet of Things (IoT). Track and use data from connected devices.

Episode Notes

IOTX is an Ethereum token that powers IoTeX, a platform that aims to connect IoT devices (such as cameras and sensors) and decentralized applications. IOTX can be used to pay for transactions, for staking and governance, and to register new devices on the IoTeX network

It works by connecting machines with humans through a scalable blockchain network. While scalability is a major issue for many blockchain networks, IoTeX overcomes this hurdle by enabling real-time transactions at very low cost.