FOR IMMEDIATE RELEASE: May 25, 2022
IoTeX and Elumicate team up to secure and accelerate growth for what will become the world’s largest decentralized outdoor data capture network.
Moncton, New Brunswick, Canada: Elumicate Inc. today announced that they have joined forces with IoTeX, a leader in the Web3-IoT space, in order to provide the blockchain infrastructure that will power the world’s largest decentralized public data capture network.
Utilizing a decentralized infrastructure and cutting edge advancements around AI, Edge Computing, Machine Learning, and Blockchain technologies, Elumicate will provide access to real world events data in real time. This will serve to inform, influence, and empower technological innovation within the outdoor space and allow for solutions to multiple real world problems for a wide range of markets and sectors, leading to an overall higher quality of life. More information on elumicate’s mission can be found here.
Elumicate’s decentralization needs makes IoTeX, with their strong focus on the IoT and data space, the perfect choice that will allow for rapid design and implementation. The IoTeX platform was built from scratch to support large-scale, decentralized IoT use cases. IoTeX is more than just a blockchain — it is a full-stack platform to enable trusted data from trusted devices for use in trusted applications. The IoTeX platform was architected by an award-winning team of cryptographers and research scientists that currently lead the world’s premier technology and standards consortiums, including the IIC, IEEE, and CCC.
The need for real time data in many aspects has been steadily increasing and is the key driver behind the technological age we live in today. This trend has suffered in the real world, where infrastructure and technological requirements have been too costly in both resources and financial terms. Technologies around AI and Machine learning have been growing at breakneck speeds and have reached a level where they can efficiently be used to capture real world data in real time and offer instant delivery.
Growth around blockchain technologies have also been growing rapidly, offering a new and decentralized way of doing business. This allows for the creation of Decentralized Autonomous Organizations, where participants can be rewarded for their participation and also partake in the governance of the organization. The integration between IoTeX’s blockchain and Elumicate’s capture technologies allows for speed, security, scalability and easy exchange of information.
“ I am happy to announce that Elumicate has chosen IoTeX, a triple audited and award winning blockchain provider with speed, security, and scalability to help power The Elumicate Network. IoTeX’s strong focus on data and IoT makes them the obvious choice, while their support and willingness to help where and when needed serves to reinforce that this is the right choice for Elumicate. ” said Jason Bernard, CEO @ Elumicate
” IoTeX is excited to work with the Elumicate team to bring their vision for IP camera and LIDAR-based event monitoring to life. By combining IoTeX’s unique IoT-focused blockchain infrastructure with Elumicate’s domain expertise in traffic monitoring, a new people-powered network for real world ground truth data can be realized. ” said Larry Pang, Head of Ecosystem @ IoTeX
About Elumicate: Elumicate is building the world’s largest fully decentralized outdoor data capture network in order to provide the building blocks that will inform, influence, and empower future innovation for the outdoor space, and ultimately, provide an enhanced quality of life.
Learn more and sign up to the waiting list on the elumicate website: www.elumicate.com