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IoTeX, a blockchain platform focused on the Internet of Things (IoT), has announced the launch of a $100 million sustainable ecosystem fund. The new fund will back over 1,000 decentralized machine economy startups developing use cases for connecting more than 10 million smart devices to the MachineFi portal within the next three years. The decentralized machine economy is a developing economy in which machines, rather than people, are the driving force behind economic growth. This new economy is powered by blockchain technology and artificial intelligence (AI), and it has the potential to create a more efficient, secure and sustainable way of doing business. MachineFi refers to a new paradigm based on Web3 that underpins the new machine economy. Machine resources and intelligence can be mo...
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit “Cookie Settings” to provide a controlled consent.
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit “Cookie Settings” to provide a controlled consent.
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit “Cookie Settings” to provide a controlled consent.
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit “Cookie Settings” to provide a controlled consent.
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We are all allowed to dream. When it comes to the deployment of M2M & IoT devices at scale, this dream involves a global data SIM that is easy to activate, has real-time spend management, low data costs and always-on connectivity. Unfortunately, this dream never quite ends the way it was supposed to. Deploying cellular data connected devices in South Africa and the rest of Africa is a process that sometimes feels more art than science. So Many Options There are many options when it comes to IoT SIMs as well as management platforms. Unmanaged post-paid contracts, private APNs, managed APNs, business prepaid & global roaming SIMs are all options to consider. And then there are further options around SIM management tools. Each of these options – and the various commercial offerings wi...
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