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IoTeX Introduces ioID: On-Chain Device Identity for Verifiable DePINs

Twitter icon  •  Published 1 month ago on November 21, 2024  •  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.

IoTeX Introduces ioID: On-Chain Device Identity for Verifiable DePINs

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.  

 

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.