IoT Industry Migrates to Polkadot – What to Expect.

[Malam90]

The launch of parachains on the ambitious Polkadot project scheduled for the first quarter of 2021 has set off a quest to merge blockchain technology with IoT services, allowing developers to finally explore the benefits of the scalable multi-chain architecture.

At the same time, the interoperability protocol based on Substrate now finds itself in fourth place in terms of capitalization among other blockchain-based projects and has practically become a household name for crypto media publications. Polkadot is now considered to be the largest Ethereum competitor in the field – a one-of-a-kind platform with an extremely broad spectrum of applications.

Investors go parachain

A good example of such applications on Polkadot is perfectly outlined by 21Shares and the launch of their exchange oriented product for institutional investors, which has attracted financial behemoths like Goldman Sachs, JPMorgan and UBS among its first clients. In other words, the rise of Polkadot has become indisputable, and industry leaders like James Wo, the founder of Digital Finance Group, serve as proof of it. Wo, who recently launched a new $20 million fund that aims to finance projects on the parachain, says,

“Scalability and interoperability advantages of Polkadot are set to fuel blockchain integration.” Source Link