The Internet of Things (IoT) Ecosystem is perhaps the fastest growing industry in technology marketplace today, with a record breaking number of over 50 billion devices expected to be introduced into the market within the next three years. This is by no means comparable to the mobile phone market which has about just a fifth of that number in the market.
The cryptocurrency on the other hand thrived against all odds to become a revolutionary transaction system, despite being criticized and labelled a ‘scam' by bankers and some big financial institutions. A consolidation of these two formerly disparate yet revolutionary technologies is what Acreto is all about.
What Is Acreto?
Acreto is a Crypto-IoT ecosystem security platform founded by a team of veterans in the technology industry. The first of its kind to be operated on a global scale, the innovative concept of Acreto earned it the award of the Best Technology Company awarded by the New Jersey Tech Council at its 18th annual Venture Conference.
IoT technologies have become a significant part of our infrastructure and Acreto is building a security system to ensure that billions of vulnerable IoT devices across the globe are as secured as they can be.
Despite what security systems and network security tools may want people to believe, the truth is that a lot of technologies including the blockchain, are not completely secured and as such, cyber security will remain a major issue for people. From your internet connected light switch to the digitized door knob, left unsecured, every IoT device is susceptible to hacking and other cyber security problems. An IoT driven cyber attack should be protected against at all cost.
The Acreto Coin Offering
In delivering a sustainable and advanced patented security solution for the Crypto-IoT Ecosystem, Acreto has announced that the company will partner with New Alchemy, a renowned blockchain consultancy firm based in Seattle to oversee the launching of its global SEC compliant token offering set for the third quarter of 2018. With a market cap of $2.5 billion, Acreto is banking on New Alchemy's expertise and experience in token offering to launch the security platform in the market successfully.
Why Is Acreto Doing This?
The VP of Client Marketing of New Alchemy, Theron Andrews expressed the pleasure of the company in its new partnership with the security platform.
In Andrews' words,
“We have been extremely impressed with the Acreto team's management, product, and go-to-market. Acreto has a real product that the market unequivocally needs… We look forward to a successful global token launch and sale.”
From healthcare to transportation and even real estate, IoT devices are very evident in our every day lives and these technologies are big consumers of cryptocurrency – as they use cryptocurrency in facilitating and processing financial transactions with the blockchain for data verification functions.
The unified Crypto-IoT ecosystems requires data security beyond what the traditional system can offer, which is why Acreto is developing security solutions that cut across clouds, applications and IoT devices. With its upcoming token offering, Acreto is offering the public and chance to become token investors and become a part of the new age and revolutionary security system.