The Berlin-based IOTA Foundation in a partnership with more than 20 companies, including Microsoft and Fujitsu has recently announced the first publicly accessible data marketplace for the Internet of Things (IoT).
The marketplace, which will allow stakeholders to share and monetize their data in a secure way, aims to demonstrate a proof of concept for a tamper-proof data marketplace. Once uploaded to IOTA’s decentralized ledger, all data is distributed to countless nodes in order to ensure immutability.
We are excited to partner with the IOTA Foundation and proud to be associated with its new data marketplace initiative.
Blockchain specialist, Microsoft
The news comes as IOTA price rose to a new all-time high $1.54, what might be connected with the launch of a new data marketplace. Furthermore, IOTA is likely to continue moving higher toward $2.00 in the near term.
At the moment of press, these are main market parameters of IOTA:
- Average price: $1.49 USD
- Marketcap: $4 134 940 430 USD
- 24h volume: $444 132 000 USD
This Thursday at 8:00 AM PDT, Dominik Schiener and David Sønstebø will have TNW Answers session where they will be responding to questions about the launch of a new data marketplace. We will keep you updated as more details come in.