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LUIS RIVERO R photo
Venezuela
1 Level
1191 Review
4270.25 Karma

Review on IOTW by LUIS RIVERO R

Revainrating 2 out of 5

Blockchain of things.

Common platform cryptocurrency extraction protocol based on the connection of various devices, in general they are developing a software that allows to connect TVs, smart lamps, refrigerators, among others, in order to create an ecosystem within the home. The interesting thing about this project is that decentralization is used since this technology that is increasingly used, sells our data to third parties about our habits, among others, what IOTW intends to do is decentralize the information of millions of users. Due to the ambition of the project it is necessary to follow it as it may not meet its established goals, such as the launch of its network. If you are going to invest in this project, keep in mind that it is high risk.



Pros
  • Decentralization of user information and data.
  • The end user wins by having devices compatible with this platform.
  • Cloud storage service.
Cons
  • Still in development, experimental project.
  • Few companies would be willing to use this type of software.
  • Listed in few exchanges.

Comments (1)

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June 05, 2020
There are lots of different crytocurrencies to set different purposes. It's good to know about IOTW's platform because it permit us to explore and debate about its coming projects.