February 28, 2022 - 3 min read
SupraOracles is thrilled to announce its partnership with IoTeX, a leading blockchain and IoT platform with a vision for MachineFi. IoTeX is supported by award-winning research and technology, and it presently leads blockchain initiatives for the world’s premier industry consortiums and standards bodies, such as the IEEE and IIC.
IoTeX is a Layer 1 blockchain that is EVM-compatible and focuses on linking real-world devices and data to Dapps. It is a full-stack platform that allows you to use trusted data from trusted devices in trusted dApps. To empower privacy-focused devices, apps, and services, IoTeX integrates blockchain, safe hardware, and confidential computing.
There are over 100 projects in the IoTeX ecosystem, including DeFi, GameFi, and MachineFi. MachineFi is all about giving consumers the power to own and operate their machines, as well as the data and value they generate. Machines will be the world’s future workforce, and they will be valuable assets. IoTeX’s MachineFi vision empowers users of these devices to own their data and profit from the value it generates. Humans and machines can now interact in a way that has never been done before, with guaranteed trust and anonymity.
SupraOracles will support IoTeX’s vision for MachineFi by bringing real-world data from APIs and databases to the IoTeX network at a high refresh rate. This data will be combined with real-time, user-owned data from IoTeX devices to enable a brand new design space for Dapp builders. The two leading initiatives have made great progress in bringing trustworthy, valuable data from the blockchain environment to real-world applications. SupraOracles’ data feed is combined with IoTeX’s real-world data in real-time to create a powerful partnership.
Larry Pang, Head of Ecosystem at IoTeX, commented:
“We’re excited to work with SupraOracles as part of our objective to build a full-stack platform that lets you leverage trusted data from trusted devices in trusted Dapps. Providing the IoTeX developer community with efficient and trusted data will help to enable a decentralized future.”
Joshua D. Tobkin, CEO and Co-founder of SupraOracles, commented:
“To unleash the full potential of the IoT, IoTeX integrates blockchain, trustworthy hardware, and edge computing. We are thrilled to be working with such creative thinkers who are continuously thinking of new ways to bring world-class advancements to the blockchain.”
SupraOracles is helping bridge the gap between traditional capital markets and the web3. Our mission is to extend a novel oracle toolset to developers so that they can create, launch, and manage data applications seamlessly.
All our projects are backed by experts with years of experience in investment banking, real-time data services, big data, DeFi, and many other fields. Our partners can, therefore, rest assured that SupraOracles is fully capable of solving the existing oracle dilemma, guaranteeing the future of finance in the end.
Founded in 2017, IoTeX is an EVM-compatible blockchain platform to fuel the Internet of Trusted Things, an open ecosystem where humans and machines can interact with guaranteed trust and privacy. IoTeX envisions a future where everyday people can own and control their smart devices, as well as the data and value they generate. Backed by a global team of 30+ top research scientists and engineers, IoTeX combines blockchain, decentralized identity, and secure hardware to enable user-owned IoT devices and networks. By connecting the physical and digital worlds, IoTeX will empower the future machine economy and redefine the trillion-dollar IoT industry.
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