CPChain, which stands for Cyber Physical Chain, is developing a decentralized IoT infrastructure. Their goal is to build a blockchain-based data platform for IoT systems that will use distributed storage, encryption, and decentralized exchanges of value to better connect devices. CPChain will enable IoT-connected devices to connect with each other, and will serve as a decentralized marketplace for IoT related data. Their platform will have a parallel distributed architecture, a hybrid two-layer consensus mechanism, and a side chain consensus protocol. Their network is currently powered by the Ethereum-based CPC token.

IoTeX is developing a privacy-centric blockchain platform for the Internet of Things (IoT). Their decentralized network is designed to enable better cooperation and exchanges of data between devices, in a way that will be scalable and will protect the privacy concerns of users. The IoTeX network is currently powered by the Ethereum-based IOTX token.