I'm currently comparing other IoT projects to IOTA, and it seems to me that IOTA really lacks critical features.
One of these is privacy: I mean, how can IOTA ever become the infrastructure of IoT if it can't guarantee privacy? Connecting IoT devices to a global network means sharing very personal informations, possibly more than what we share now on socials by means of our smartphones. What about our home devices? And health data?
Also I've been left to the status of IOTA in October 2017: at that time the wallet was having huge problems connecting and transactions didn't go through. How is the transaction time at the moment? Is it like 2 minutes as someone wrote above? If so, how do you expect IOTA to support IoT transactions? In IoT scenarios, embedded devices are expected to react relatively quickly to changes in the environment (think of house doors closing when I leave my apartment... 2 minutes looks like enough time for a thief to make it into my house).
There are excellent blockchain solutions popping up out there, look at IoTex: is IOTA going to be up to it? Honestly, I don't think so.
Please list the mainnet active IOT projects first. One of these is privacy: I mean, how can IOTA ever become the infrastructure of IoT if it can't guarantee privacy? Connecting IoT devices to a global network means sharing very personal informations, possibly more than what we share now on socials by means of our smartphones. What about our home devices? And health data?
Also I've been left to the status of IOTA in October 2017: at that time the wallet was having huge problems connecting and transactions didn't go through. How is the transaction time at the moment? Is it like 2 minutes as someone wrote above? If so, how do you expect IOTA to support IoT transactions? In IoT scenarios, embedded devices are expected to react relatively quickly to changes in the environment (think of house doors closing when I leave my apartment... 2 minutes looks like enough time for a thief to make it into my house).
There are excellent blockchain solutions popping up out there, look at IoTex: is IOTA going to be up to it? Honestly, I don't think so.
Well, my favourite one is IoTeX (www.iotex.io | www.t.me/iotexgroup): the team is too good to be true, and after only three months from token issuance the mainnet preview is expected for October 31st.
I agree that there are no active IoT mainnets except IOTA, and that makes things even more interesting: even IOTA, after one (or two I'm not sure) years of development still could not overcome many limitation due to the Tangle design (like an "innovation in blockchain innovation") which could take still years before it finds it's role into the distributed networks space.
If IoTeX will deliver, I think very soon we will have the first IoT blockchain actually working: they provide:
- unlimited tps,
- massive scalability,
- instant tx confirmation,
- full privacy,
- subchains to compartimentize different devices classes/manufacturers/applications,
- lightweight cryptography to run privacy even on embedded devices...
- smart contracts
all of this is in testnet already, to be delivered in mainnet-preview by October 31, developed by a team of PhDs, expert engineers coming from Facebook, Google, Uber, and Bosh, and many other top level members.
Honestly, I see that like the IoT leaders with a ready working blockchain very soon.