Connect with us

Blockchain

The unique Web3 technology is poised to democratize the IoT industry

Avatar

Published

on

We live in homes that are able to monitor and control a wide range of internal processes – from heating and cooling to security and monitoring mechanisms. Our cars track external conditions and are on their way to driving themselves. Our phones are constantly collecting valuable data and recording our activities – both on our devices and in real life.

Smart homes, smart cars, smartphones – all of these things and much more are part of the rapidly expanding Internet of Things (IoT), which serves as the basis for the machine economy. The Internet of Things is what connects all of our smart devices and machines, and while the industry has produced remarkable achievements that have improved lives around the world, it is also a central industry for decades.

This centralization has left users of smart devices with little control over their personal data. w3bstreama pioneering project of MachineFi – the decentralized machine economy – has the potential to challenge the current IoT monopoly, benefiting billions of smart device users worldwide.

Advertisement

The booming Internet of Things industry

Mackenzie The Internet of Things is expected to add anywhere from $5.5 to $12.6 trillion to the global economy by 2030. Much of this growth is due to IoT solutions in the retail, home and health sectors. There are many potential benefits of improved connectivity between our devices and the things we interact with, from health and safety improvements to time-saving benefits.

However, for all the promise of the Internet of Things, the ubiquity of smart things and the increasingly important role they play in our lives raise important questions associated with privacy concerns and the risks of concentrated energy.

One of the reasons the Internet of Things industry has proven to be so lucrative is the growing value of consumer data. While the Internet of Things has brought improvements to human safety, longevity, and quality of life, there are also downsides due to the sacrifices that come at the cost of convenience. The privacy debate has been raging for some time now in the tech sector, with a number of companies going to great lengths to obtain user data. The intrusion of these companies and the subsequent liberties they have taken to profit from the data they collect has infuriated consumers around the world.

Despite concerns shared by many about privacy overreach, given how fully integrated the life services offered by companies like Google and Amazon were, there was a general feeling that little could be done to turn the tide and give users control over their data. However, an alternative approach to IoT development has the potential to recalibrate the energy dynamics of the industry.

W3bstream and the struggle for the future of the Internet of Things

MachineFi Labthe primary developer of the program IoTeX The network — a project that works to integrate blockchain technology with the Internet of Things — recently announced the launch of a new product called W3bstream. W3bstream is a chain neutral system developed to break the monopoly that has formed around user data and smart devices.

Advertisement

The project pioneered the emerging MachineFi industry, which emerged as more efforts were made to decentralize the machine economy. Key to MachineFi instills the principles of Web3 into the Internet of Things, so users can maintain control of their data and protect their privacy, while still enjoying the benefits of a vast, interconnected network of devices and services.

In addition to just protecting the end user, W3bstream will give users the option to leverage their own data, reshaping the current state of the industry. Key to being able to do this is the platform’s decentralized approach, which takes the ownership capabilities that blockchain technology enables and applies them to the full spectrum of the Internet of Things.

The strong technological foundations allow the platform to permeate all industries that use and manufacture smart devices. The full range of devices that can run on W3bstream include sensors, smart TVs, smart homes, self-driving cars, and even smart cities. Across the platform, Web3 tech can be implemented by connectivity services, supply chain operators, healthcare providers, manufacturing companies, and environmental protection agencies, among many others.

Benefits without compromises

The incentive to bring Web3 forms to these sectors is the benefits it will bring to billions of people. Just like in the current iteration of the Internet of Things, people will be able to use their devices to monitor and improve key activities and aspects of their lives. However, in the Web3 model, people can also get rewarded for their participation in data collection, all while being able to maintain their privacy.

The way this works is through data sets that participants can contribute to without having to reveal their names or any other information they wish to keep private. In the health sector, this can greatly enhance research efforts without participants having to cede unnecessary personal information to third parties who may use the information for profit. Instead, the process would be more democratic and streamlined to focus on scientific advancement and societal benefit rather than perpetuating revenue streams for corporations that have accumulated extensive control over various aspects of modern life.

Advertisement

In addition to the benefits this type of platform offers to end users, W3bstream is also great for its ease of incorporation into the application building process. MachineFi Lab’s unique data computing infrastructure enables developers, smart device makers, and businesses to build Web3 applications in less than 50% of the time—and at half the price—that it takes to build similar applications using other, comparable software.

There are currently about 42 billion smart devices in use around the world. While it’s a significant number, it’s still just the beginning of the machine economy; By 2025, people will own about 75 billion smart devices and machines. The more developed this industry becomes, the more difficult it will be to make fundamental changes. W3bstream and other MachineFi projects are trying to lay the groundwork for the now democratized Internet of Things while it’s still possible.

Source link

Advertisement
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published.

Blockchain

LBLOCK price rises to $0.0002947 because it is set to reach $0.0003186

Avatar

Published

on

join us cable A channel to stay up to date on breaking news coverage

Lucky Block Price Prediction – November 30, 2022
LBLOCK is is currently in an upward trend after the recent price rebound where it is set to reach $0.0003186. The altcoin rose above $0.0001400 and reached a high of $0.0002947. LBLOCK fell and started consolidating again at the $0.0002600 support. The cryptocurrency price has resumed its upward trend, and further gains are possible.

LBLOCK price statistics data
LBLOCK price now – $0.0002574
LBLOCK market capitalization –
rolling width LBLOCK –
TOTAL LBLOCK SUPPLY – $939,607
LBLOCK Coinmarketcap Rank – #4600

Key levels:
Resistance Levels: $0.0021, $0.0022, $0.0023
Support Levels: $0.00200, $0.001900, $0.001800

Advertisement

LBLOCK/USD Medium term trend: Bearish (4 hours chart)

LBLOCK is currently trading in the uptrend zone as the price is crossing the moving average lines. The price of the cryptocurrency rose to a The highest level was at $0.0002800 before it declined. Yesterday, LBLOCK rebounded and found support above the 21-day simple moving average. The conclusion is that the uptrend will continue to rise if the resistance around $0.0002800 is breached. If the current hurdle is overcome, LBLOCK will reach a new high of $0.0003186. For period 14 of the RSI, the altcoin is at 62. The cryptocurrency is on the rise and there is still room to run higher.

LBLOCK/USD Medium term trend: Bearish (1 hour chart)

On the hourly chart, the coin’s price increased significantly as it is set to reach $0.0003186. The market has become overbought as the currency has climbed to previous highs. As of this writing, it is trading at $0.0002617. Overbought sellers will appear to lower prices. The daily stochastic is above 80. This indicates that LBLOCK may be about to go lower as the altcoin reaches bullish exhaustion.

LBLOCK/USD – 1 hour chart

However, after several weeks of consolidation, LBLOCK rose again above $0.0001400. Dash 2 Trade (D2T), is other cryptocurrency, this is my discretion. Dash 2 Trade enables you to buy tokens before selling without risking your money when scammed. The pre-sale of the D2T token went live and brought in about $8 million. Dash 2 Trade (D2T) is a unified analytics platform with features to elevate your trading experience and market intelligence. The pre-sale dashboard beta launch is near, and more team members have joined.

You can purchase Lucky Block here. Buy LBLOCK

Related

D2T price prediction
How to buy D2T token

Dash 2 Tadawul – High Potential Pre-Selling

Advertisement

Dash 2 Trading
  • Active pre-sale is live now – dash2trade.com
  • The original code for the crypto signals ecosystem
  • Know Your Customer verified and reviewed

Dash 2 Trading


join us cable A channel to stay up to date on breaking news coverage

Advertisement

Source link

Continue Reading

Blockchain

December’s Best New Initial Crypto Offer

Avatar

Published

on

join us cable A channel to stay up to date on breaking news coverage

2022 was a good year for cryptocurrency before selling. And as we get closer to the curtain dropping this year, there’s the best new cryptocurrency offering in December. It’s IMPT, and The greenest cryptocurrency from this year. This crypto quickly captured the attention of the community with its unique approach to trading carbon credits and is now trending on multiple cryptocurrency exchanges.

IMPT Presale Exceeds $13.5 Million Goal

IMPT It proved to be one of the most successful programmes Cryptocurrency pre-sale this year. This environmentally friendly cryptocurrency quickly gained public attention after launch, and began scanning pre-sales quickly. And at the time of writing, this token has raised over $13.5 million. Cryptocurrency is not easy to achieve, given the current bear market conditions.

This highly successful pre-sale ends on December 11, 2022, well ahead of schedule — which has been a common theme with most of the cryptocurrency pre-sales we’ve covered this year.

Advertisement

For the unfamiliar, IMPT (short for IMPACT) is a green cryptocurrency initiative that aims to make sustainable business decisions a part of people’s daily lives. At the center of this ecosystem is a unique marketplace of over 25,000 built-in brands, including Amazon, Microsoft, Samsung and Booking.com. These brands aim to leverage this platform to move toward ESG goals in a meaningful way.

What makes IMPT the best new cryptocurrency premiere this year?

Carbon offsetting has become an important part of an economy that aims to become more sustainable towards its development goals. However, trading traditional carbon credits has two primary issues. One, fraudulent acts such as double selling and over-counting plague them. And second, it’s not all-encompassing – keeping regular people getting to be a part of it.

This is what IMPT aims to fix by offering a one-of-a-kind shopping platform with thousands of ESG brands. These brands can then use IMPT as a platform to sell eco-friendly products to customers, who, in return for interacting with the platform, earn IMPT tokens. After accumulating enough IMPT tokens, people can exchange them for carbon token credits. These carbon credits can then be sold to brands or withdrawn by customers.

Selling carbon credits to brands on board is a good way to make money. But re-credits also have their advantages. The official IMPT white paper states that retired carbon credits will reward customers with NFT artwork.

In addition to offering this two-way benefit, IMPT also uses a portion of the proceeds to promote and make room for ESG activities.

Advertisement

These aspects have allowed IMPT to become one of the Better IEO encryption It will be introduced this year. People have responded to the need for a crypto asset with a robust use case that puts the environment ahead, and IMPT fits the bill.

But in addition to its usefulness, the IMPT token is an ERC-20 token built on the Ethereum blockchain which, after that, became one of the The most sustainable cryptocurrency In the market.

If you still want to know the significance of this event, check out this video from Jacob Crypto Bury, a cryptocurrency trading analyst who has followed IMPT since its inception.

IMPT is coming to three exchanges – starting with Uniswap

IMPT will start trading on DEX, Uniswap, starting December 14th. After being listed on the decentralized exchange, IMPT will land on LBank and Changelly.

Advertisement

IMPT is coming to Uniswap

LBank has quickly become one of the largest centralized cryptocurrency exchanges thanks to its appreciation of new cryptocurrencies with unique use cases. On the other hand, Changelly Pro is preferred by the cryptocurrency community who want to swap cryptocurrencies without any KYC burdens.

Early movers must rush towards this closed window

With the last pre-sale closing date approaching, early movers only have one day over a week to invest. In order to buy, investors must visit the official website and link their crypto wallets with USDT or ETH.

However, IMPT chooses to be all-encompassing. People who venture into the field of cryptocurrencies for the first time can also purchase them using credit or debit cards.

IMPT launched in early October 2022 at $0.018 per cryptocurrency. The token’s unique use case and ESG-centric approach quickly cleared the first stage of the pre-sale. At the time of writing, investors can buy this token at $0.023.

The original intent for this project was to sell out before January 31st. However, the public reaction and faster than expected development of the IMPT app prompted the founders to launch it on the exchanges early.

As a result, the remaining pre-sale tokens will be burned, and the sold tokens will be locked for 12 months.

Advertisement

Will IMPT be the biggest cryptocurrency of 2023?

The success of the IMPT pre-launch made people believe that IMPT might be the best crypto investment for 2023. And according to many experts, this may be true.

Blockchain technology has solutions to most of the modern problems the world faces today, and environmental issues are no different. However, it is the first project that has been very optimistic about making green contributions to inclusion. Not only does it try to put ESG brands and people on the same page, but it does so in a way that benefits both parties.

While its performance on trading charts is still unknown, if experts are to be believed, it could reach 20-fold or more by 2023.

You can access these potential earnings by participating in the pre-view by visiting impt.io.

Related articles

  1. Green cryptocurrency
  2. The best cryptocurrency ICOs
  3. The new IMPT cryptocurrency pre-sale ends December 11 – invest today
Advertisement
Better IMPT Encoder
  • The early stage pre-sale is now live
  • Professional Doxxed Team
  • Use cases in industry – carbon footprint offset

Better IMPT Encoder


join us cable A channel to stay up to date on breaking news coverage



Source link

Advertisement
Continue Reading

Blockchain

DOT/USD is making a steady bullish recovery

Avatar

Published

on

join us cable A channel to stay up to date on breaking news coverage

Polkadot price is making a smooth and steady recovery to the upside, after it declined near the $5.00 mark. Furthermore, market signals seem to reveal that this move may have found strength to move above the $6.00 level.

Polkadot Analysis Stats Data:
DOT value now: $5.61
DOT market cap: $6.45 billion
Polkadot mobile show: 1.15 billion
Total supply from the Ministry of Transportation: 1.26 billion
Polkadot Coinmarketcap rating: #11

Key price levels:
Highest: $5.61, $5.80, $6.20
Floor: $5.30, $5.00, $4.70

Advertisement

Polkadot Price Prediction Today December 3, 2022: DOT/USD Needs Contribution of Bulls

DOT / USD At the moment, it is recovering steadily, as seen by the price action on the daily chart. During this continuous session, the price activity consists of a significant amount of buying. Thus, this brings the price above the middle boundary of the Bollinger Band. Also, the MACD curves can be seen rising smoothly towards the 0.00 line after it had performed a bullish crossover. However, more buying is still needed, to develop the current price action significantly. This is said to have happened when the price action found support above the middle band of the Bollinger Band. Ultimately, this could lead to a price move near the $6.00 mark.

Polkadot Price Forecast Today, December 3, 2022: DOT/USD Makes a Steady Bullish Rebound

Polkadot Price Prediction Today Dec 3, 2022: DOT/BTC Needs More Push

The price action in the DOT/BTC market looks less than impressive. This is depicted by the fact that the current price has not made it above the moving average line. The last price candle here pushed the price to the Bollinger band level. However, in the current session, the tailwind effect is very clear. This can be seen as the price candle looks huge. However, the MACD curves are getting close to each other to crossover. Therefore, for traders to see more upside, more upside is needed in the price action. If all the market factors here can continue to align in favor of the upside for a little while longer, the price will move further towards the 0.0003400 mark.

Overall, we can say that Polkadot is only making small gains at the moment. However, for traders to make a good profit from the market, there is a need for significant price movements to occur. Thus, this is where the effect symbol is IMPT This comes. This is a cipher that allows its users to contribute to making our environment greener and more sustainable. Interestingly, this token is in pre-sale and has raised $13.5 million. The amount raised through the pre-sale reveals that this token is selling fast, and this is a great opportunity for you to invest in this project.

Likewise, the Dash 2 Trading (a unified analytics platform that helps users get ahead of the market intelligence) conducts a pre-view of its token. This cryptocurrency has raised nearly $8 million through ongoing pre-sales. D2T’s features aim to improve users’ trading experience. In addition, the team members are on board, and Dash 2 Trade will soon launch its own demo dashboard.

Related:

Dash 2 Tadawul – High Potential Pre-Selling

Advertisement

Dash 2 Trading
  • Active pre-sale is live now – dash2trade.com
  • The original code for the crypto signals ecosystem
  • Know Your Customer verified and reviewed

Dash 2 Trading


join us cable A channel to stay up to date on breaking news coverage

Advertisement

Source link

Continue Reading
Advertisement

Trending