Hardware Podcasts

MachineFi, Web3, Blockchain, and the Future of IoT | IoTeX Network's Raullen Chai

IoT For All Podcast · 22 Mar 2022 · 22m

What this episode covers

Raullen Chai, CEO and co-founder of IoTeX, explains the concept of MachineFi, which adds an economic layer to IoT by using blockchain to incentivize machine-to-machine interaction. He details how IoTeX’s hardware, such as a GPS tracker with 16 sensors, uses a secret chip and token incentives to verify data integrity and prevent spoofing in applications like fitness tracking. Chai also discusses the technical architecture, including their Layer 2 protocol, True Strength Processing, which handles off-chain computation while storing proofs on Layer 1, and outlines plans for a MachineFi marketplace to connect device makers with token developers.

Most relevant to

companies scaling up

Topics

Mentioned

Companies
IoTeX, Uber, Google, Tesla
Products
Raspberry Pi, IoTeX GPS Tracker
Also
Crowd Supply

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