As mobile devices, cost and the ease of accessing the internet becomes less of a challenge for people across the world, the value of data has become a new highly desired commodity.
Governments and companies utilize customer and user data for a vast array of purposes and this has placed added emphasis on how data is collected, priced and of course, there are also privacy concerns regarding how personal data is obtained.
Currently, there are several blockchain projects focused on organizing data and enabling users to have more control over what data they elect to share and monetizing some of the profits generated from data collection.
IoTeX (IOTX) is one such project that has been gaining traction over the past five weeks. The project aims to solve the issues of scalability, privacy and the high operating costs currently limiting the mass adoption of the Internet of Things (IoT) ecosystem.
Data from Cointelegraph Markets and TradingView shows that the price of IOTX has rallied 300% since Feb. 1 as the price rose from $0.011 to a new all-time high of $0.0443 on March 10 when its trading volume surged by 130%.
Partnerships and integrations drive adoption
A scroll through the IoTeX Twitter feed shows that project members have been hard at work finding projects and communities to integrate with in order to facilitate the expansion of the IoTeX ecosystem.
The month of March got off to a hot start for the protocol when the project was listed on the PankcakeSwap (CAKE) DeFi protocol. This enabled IOTX trading on the Binance Smart Chain along with the Ethereum (ETH) network, and plans to integrate with Polkadot (DOT) are already underway.
On March 2 the team announced that it had joined the Amazon Web Services (AWS) Partner Network and also with AWS China as a way to improve its Ucam and Pebble Tracker technologies.