IoTex (IOTX) is yet another attempt to create an interface between blockchain and the Internet of Things (IoT). Moreover, IoTex hopes to combine decentralized finance and the Internet of Things to create MachineFi.

Unfortunately, IoTex does not say how MachineFi will work. Instead, they fill a website with catchphrases but provide no actual examples of it in action. Although a Vision Paper outlines how MachineFi could work.