The Internet-of-Things (IoT) ecosystem is set to receive a boost as popular IoT blockchain IoTeX announced details of a strategic partnership with Cartesi.
According to reports, the partnership between IoTex and Cartesi (CTSI) will usher in a new dispensation for the entire global IoT space. The IoT space has continued to grow steadily over the last couple of years. Many schools of thought are also of the opinion that blockchain technology has a huge role to play in the future of the IoT space. The Cartesi (CTSI) partnership with IoTeX further helps to buttress this idea.
According to an official blog post, the partnership will bring to life several amazing updates for the IoT space. The partnership will also take place simultaneously with an Ideathon scheduled to take place during the Dutch Blockchain Week. The Dutch Blockchain Week will take place from December 6 – 10, 2021. Interested persons can join the Ideathon on the first day of the program to learn more about the partnership.
We're incredibly excited to announce our partnership with @iotex_io!
— Cartesi (@cartesiproject) December 2, 2021
IoTeX | Cartesi – To Empower Developers
The partnership is a major achievement for both IoTeX and Cartesi. Developers on Cartesi will have access to the benefits embedded in both Cartesi and IoTex. Allowing them to speed up the development of their projects. While also having unrestricted access to top-notch IoT-based solutions.
IoTeX currently offers its services to real-life devices and systems. One major example of this is its Consumer Electronic Show (CES) blockchain-based cameras alongside the Pebble geo tool. Both devices are quite effective in ensuring the optimization of any supply chain.
Thanks to the partnership, IoT-based projects and platforms will enjoy the safety and security embedded in blockchain technology. The partnership with Cartesi will furthermore bring the Linux operating system (OS) to blockchain. Therefore, providing developers with a myriad of tools and the freedom to choose from them. This means that developers will have the opportunity to decide important details like what programming language they want to use, among other possibilities. Thereby providing them with the tools needed to create top-notch blockchain-based solutions.
Interestingly, Cartesi also opens its doors to non-blockchain based developers. Inviting them to tour the fast-growing decentralized space using both IoTeX and Cartesi tools.
Benefits of the Partnership for the IoT Ecosystem
The partnership holds many advantages for IoTeX, Cartesi, and the entire IoT space. The IoT space, for one, will enjoy more security and privacy, thanks to blockchain technology.
Also, IoTeX is well-known for its focus on environmental sustainability. And has been severally described as an environmentally-friendly blockchain.
The partnership will also bring to life a powerful platform facilitating developments for communities, firms, developers, etc. looking to create safe and secure IoT solutions. Join the upcoming Dutch Blockchain Week to learn more about the partnership.
CTSI and IOTX Price
At the time of writing, Cartesi (CTSI) was trading at $0.927993, with a market cap of $450,805,919 and a 24-hour trading volume of $151,609,417. The token price is also down by 14.1% in the last 24 hours.
IOTX, on the other hand, was trading at $0.137247, with a market cap of $1,298,937,022 and a 24-hour trading volume of $105,010,416. The token price is down by 15% in the last 24 hours.
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