Type: Protocol
💥 The Internet of Things is enormous (8.4 billion devices in 2017) and only gets bigger and bigger with a daily growth of about 5 million devices per day. But with great growth come great problems: the security measures are not growing as steadily. The lack of security combined with sensitive data makes hacker threats a genuine concern in IoT.
💡 Step aside fellas, as we have the solution: Atonomi. The project wants to create a blockchain based protocol and infrastructure for IoT devices to enable the interoperability for data. Its means for doing so include an identity registration service and a reputation protocol to detect and remove bad device actors.
🌤 If Atonomi can deliver, it really will help the IoT industry to take off. Without the proper security in place IoT is a huge hazard.
🤔 Targeting the IoT market makes Atonomi potentially a really great investment. The market is growing at a rapid rate and is expected to be over $457 billion (predicted by Bain) up to $2 trillion (predicted by IDC) industry by 2020. Just imagine having a piece of that. I know, it’s hard not to drool.
💎 These guys seem to really know what they’re dealing with. They have a fantastic track record in IoT as well as in blockchain industry. The company (CENTRI) is already well established in the IoT industry, giving it a massive head start to most ICO’s that are just pipe dreams. This really could be a homerun.
🌝 Clues for:
- The expertise of the team combined with the advisors is able to create pure magic.
- The project leverages the established technology of it’s parent company CENTRI, which is operational and was founded already in 2010.
- Huge market growth potential.
- Very much needed solution for IoT.
- Parent company has strong partners with Flex, Arm, Intel and PwC.
- The have an MVP.
🌚 Clues against:
- Lack of legal experts or other legal aid.
- No roadmap in sight -> harder to keep track of development.
- Something almost all the upcoming ICOs are dealing with: competitors. They’re everywhere. But even more so in the IoT market.
- Runs on Ethereum, the amount of transactions is impossible at this point to be handled by the network. Even with improved transaction speed it might fall way short of what is needed for this project.
👍 The case has been solved!
As IoT gets bigger, there really needs to be something like Atonomi to keep the data safe and sound. With an established parent company CENTRI, it also has an advantage the competitors don’t have. With minor worries, Atonomi seems like a safe bet altogether.
📈 RATING: 89/100
ICO Date: TBA
Website: https://atonomi.io/
Telegram: https://t.me/atonomi_io
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