IoTeX and Morpheus.Network to set new global supply chain standard

Roger Crook, a former DHL Global Forwarding Freight CEO, says Web3 would become the new standard across the shipping and logistics industry. Danny Weinberger, Morpheus.Network Co-Founder & CEO, says blockchain could increase international trade revenues by about 10%.

Timeline of Iotex

The California-based venture capital firm invested in MachineFi Lab, IoTeX's core developer, because of its potential to unlock data value for users in ways never before seen For several years now, experts around the globe have agreed that data has become the most valuable commodity worldwide. In 2017, The Economist wrote that "the world's most valuable resource is no longer oil, but data.

The leading provider of crypto market intelligence also said IoTeX aims to bridge the Web3 gap by establishing a single version of the truth for real-world activity IoTeX enables devices to capture and ingest what happens in the physical world to communicate these events to Web3 dApps Messari, the leading crypto market intelligence provider, released an in-depth report saying IoTeX's Web3 efforts are unparalleled. "There are currently no other blockchain IoT projects as encompassing as IoTeX," the firm's report adds.

Ankr and IoTeX meet on Twitter Spaces to discuss the future of IoT and how with blockchain technology, IoTeX can enable "all of us" to own our machines and data We all produce data constantly, even unsuspectingly, as all smart devices and machines are built to gather data for profit. A Domo report states each person generated 1.7 MB every second in 2020.

Since 2017, IoTeX has solely focused on building cutting-edge Web3 technology to reward hundreds of millions of people for contributing data and resources from billions of smart devices and carrying out everyday activities. However, as with many other projects in the space, the IoTeX team has also focused on research and development resources to ensure mass crypto and blockchain mainstream adoption.

IoTeX launched a hard fork on May 31, 2022, making it the world's first blockchain to enable Web3-compatible wallet staking. It also makes IOTX token staking accessible to millions of new users.

IoTeX is pleased to announce its participation in Google Cloud's Born-Digital Summit 2022 on 12 May. The event is a free live digital event for startups, digital natives, and VC ecosystems to share learnings and best practices and support these companies in their business and technological journey.

US-based cryptocurrency exchange Bittrex announced the listing of IoTeX's token IOTX, a MachineFi-focused blockchain project that just recently celebrated four years since its first code release. Bittrex, founded in Seattle, currently ranks 23 out of 306 crypto exchanges on CoinMarketCap with nearly $90 million in daily trading volume.