Taiwanese blockchain startup ioeX has released the “ioeX agreement“ as a solution to reduce the high data transfer costs of software update and maintenance for IoT device manufacturers. “ioeX agreement decentralized point-to-point networking” combines distributed node networking and blockchain technology to provide a network transfer consensus mechanism solution. Compared to traditional OTA updates, the ioeX solution can reduce costs by 70% for the global M2M data exchange, which has an estimated market value of, resulting in savings of over. For companies, the “ioeX agreement” requires almost no technology conversion cost and is a solution that reduces costs by paying for services with cryptocurrency.
