Atonomi is an ecosystem that seeks to identify, verify, and monitor the activities of IoT devices. It will be built on the Ethereum blockchain, and it is expected to make it easier for IoT devices to interact without fear of phishing and hack attacks. Creating a decentralized ecosystem in which IoT devices shall be able to interoperate for commerce and data securely and transparently.
The Problem
As innovative as the Internet of Things tech is, it is taking some time to catch on completely and reach critical mass; there is a big reason why this is so. People like the concept, but the downside as regards security is quite significant. Few people are willing to allow their devices have so much access to their day-to-day life because if the devices get hacked, it could have extensive and damning consequences.As a result, for the IoT technology to become fully-viable, it needs protection.
The Product
Atonomi aims to provide the solution. The project wants to create an ecosystem that will facilitate secure interactions and commerce between devices on the IoT network, boosting interoperability and allowing the trillions of transactions the network needs to thrive. The ecosystem will consist of a protocol that verifies the identity of devices and ascertains whether they are safe or not. If safe, the device is registered on Atonomi’s immutable ledger, and it is ready to be activated. Once a device is registered and activated, there’s another protocol in the Atonomi ecosystem that keeps track of the device’s activities (security, commercial trends, behavioural trends, social trends, services provided etc.) and manages its reputation.
The Market
There were approximately 8.4 billion IoT devices in the world in 2017, according to Gartner, with the article going on to say almost 5 million new devices are getting added to the network on a daily basis. With growth like this, it is not surprising to find that Statista estimates that the IoT market will be worth over $8 trillion by 2020. In a market segment this big, if Atonomi delivers exactly what they say they will, there will surely be enough room in the market for the ecosystem and its token to grow significantly.
The future
In conclusion, it is very hard to find something negative to say about Atonomi. They are backed by a company that has already accomplished quite a lot over the past years, the team has a healthy combination of expertise and experience, their use case is solid, and they are backed by VCs.
#ATMI token is high rated in all ICO TOP lists. I'm sure it will reach top 10 Coinmarketcap projects. One of the Co-Founder of Interoperability Alliance Benn Godenzi, has put #Atonomi on 4th place with average score of 9.35/10.
Go and buy before it goes 10x. Coin cap is very low, about $25 Million worth of coins only (ICO contributors own 50% of the total supply).
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