IOT Chain (ITC) is developing solutions for the Internet Of Things space and is set to become a notable competitor to IOTA.
The Internet Of Things know as IOT is about being able to connect any object (industrial equipment, consumer goods, home automation gadgets: basically anything that has a sensor) to the internet and use the data to make the world more efficient, reliable and safer.
IOT spending is growing very fast and is estimated to reach $1.3 trillion by 2020. However, IOT faces some serious challenges. Securing billions of devices is already a massive challenge. Recently, hackers compromised hundreds of thousands of connected security cameras to create a massive bot net with launched DDOS attacks on prominent webservices.
ITC is developing a Operating System for IOT devices that aims to be secure and extremely fast, allowing companies to interact and trade data via smart contracts.
IOTA the current leader in block-chain IOT solution has a current market-cap of $11 billion while ITC now sits at $265 million. We see massive upside potential for ITC in 2018.
Website: https://iotchain.io/
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