What Is ioNEM?
In the world of blockchain technology, the number of projects is increasing at an accelerated rate. New Economy Movement is one of those early blockchain startups which has gained wide recognition as of late. The team has announced a new “proposal” which goes by the name ioNEM.
Its main purpose is to provide transferable and on-chain Internet of Things ownership using NEM technology. It’s an interesting idea, but how does it work exactly?
It is evident to everyone that there is a bright future ahead when the Internet of Things meets blockchain technology. This is especially the case when it comes to ensuring that the IoT industry receives a higher degree of decentralization.
Contrary to what most people may think today, most IoT infrastructure relies on centralized servers in order to remain operational. From a security point of view, that is absolutely unacceptable.
Decentralization would bring more investors for sure.