As mobile devices, cost and the ease of accessing the internet becomes less of a challenge for people across the world, the value of data has become a new highly desired commodity.

Governments and companies utilize client and user data for a vast array of purposes and this has placed added emphasis on how data is nerveless, priced and of course, there are also privacy concerns regarding how personal information is obtained.

Currently, there are several blockchain projects focused on organizing information and enabling users to have more than control over what data they elect to share and monetizing some of the profits generated from data drove.

IoTeX (IOTX) is one such project that has been gaining traction over the past five weeks. The projection aims to solve the issues of scalability, privacy and the high operating costs currently limiting the mass adoption of the Cyberspace of Things (IoT) ecosystem.

IOTX/USDT 4-hr chart. Source: TradingView

Data from Cointelegraph Markets and TradingView shows that the price of IOTX has rallied 300% since Feb. 1 every bit the cost rose from $0.011 to a new all-fourth dimension loftier of $0.0443 on March 10 when its trading volume surged by 130%.

Partnerships and integrations bulldoze adoption

A roll through the IoTeX Twitter feed shows that project members have been difficult at work finding projects and communities to integrate with in guild to facilitate the expansion of the IoTeX ecosystem.

The month of March got off to a hot get-go for the protocol when the project was listed on the PankcakeSwap (CAKE) DeFi protocol. This enabled IOTX trading on the Binance Smart Concatenation along with the Ethereum (ETH) network, and plans to integrate with Polkadot (DOT) are already underway.

On March 2 the team announced that it had joined the Amazon Web Services (AWS) Partner Network and also with AWS Red china as a mode to ameliorate its Ucam and Pebble Tracker technologies.

Several other minor partnerships were announced over the next few days and then on March 7 it was revealed that IoTeX partnered with Unifi Protocol and provided the project with a development grant to "ensure IoTeX users will take access to a secure, reliable, and on-chain DeFi solution."

Unifi Protocol is a group of interoperable, non-custodial smart contracts that aim to function as the building blocks for the side by side generation of DeFi products. The protocols automated market-making trading platform, uTrade, is currently live on six dissimilar blockchains including Ethereum, Binance Smart Chain, ICON, Ontology (ONT), Harmony (ONE), and Tron.

Enthusiasm for the project picked up following the Unifi partnership and this was followed past the recent increase in trading volume and price.

VORTECS™ data from Cointelegraph Markets Pro began to find a bullish outlook for IOTX on March 6, prior to the recent price ascent.

The VORTECS™ score, sectional to Cointelegraph, is an algorithmic comparing of celebrated and current market conditions derived from a combination of data points including market sentiment, trading volume, recent cost movements and Twitter activity.

VORTECS™ Score (green) vs. IOTX price. Source: Cointelegraph Markets Pro

As seen in the chart above, the VORTECS™ score began turning green on March 4 and reached a high of 69 on March 5 before turning yellow once more. The score then turned moved to a high of 71 on March 6, roughly two days earlier IOTX price increased by sixty%.

The rise of the internet and the increasing number of interconnected smart devices has exponentially increased the amount of data produced and collected and this trend shows no signs of slowing down.

Projects like IoTeX which utilize blockchain engineering to securely track, record and transact information are well-positioned to encounter further growth and adoption equally digitization and the Cyberspace of Things go on to permeate all facets of social club.

The views and opinions expressed here are solely those of the writer and do non necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own enquiry when making a decision.