These past weeks we’ve talked about all-things-Internet: Internet Governance, Internet Protocols, IP addresses, Big Data, and more. So now I think it’s about time we talked about what we bring to the table. Curious? Let’s jump right in!

So, what is IPSX?

We are a blockchain-powered IP address marketplace.

What was an IP address again?

Every device we use to connect to the Internet, be it our phone, tablet, laptop, or even our smart fridge, has an address that is used to identify that device in the network — the IP address (IP). We’ve made this analogy before, but here we go again: just like every house in a city has an address, every device connected to the Internet has an address too. And just like every house in a city also has a ZIP code, each country has its own series of IPs; so it’s pretty easy to figure out where each device is located.

And this is where we want to come to your aid! There are many reasons why someone like you, a regular Internet user, might not want to make their IP known: from security reasons (although it’s hard to pinpoint the exact location, by looking at an IP you can find out the general area of a device) to more “commercial” reasons (like not being able to access certain websites because they are blocked in your country/region).

How IPSX works

IPSX connects actors in a peer-to-peer network, enabling the IP owners (that will be called “providers”) to rent their IPs to other users (that will be called “requesters”).

Why bother to do this? Because today IPs are valuable assets with a low liquidity level due to the fact that IP resources are supplied by centralized providers which are constrained by closed networks, proprietary payment systems, and many other restrictions, and there aren’t any solutions on the market for sharing/renting IPs based on a specific list of filters.

IPSX’s core built-in feature set is a dedicated Ethereum-based transaction system that enables direct payments between requesters and providers, thus increasing the liquidity of IPs and allowing any actor that has an unused IP to take part into a multi-billion yearly business.

Long story short, IPSX decentralizes the process through which IPs are allocated, so anyone can rent their unused IPs and make some extra bucks, not just Data Centers. Users will be able to share their devices’ IPs to win real-time FIAT exchangeable IPSX tokens in a safe way (all connections will be logged on the blockchain). The good news for renters is that this ensures better liquidity.

If you haven’t already, we strongly encourage you to check out our IP Dictionary series. Here are some quick links for each pill: Internet Governance, Internet Protocol, IP Utility, IPv4 Address Exhaustion, IPv6 Address, Internet of Things, Big Data, Data Mining and Data Center IP Management.

Is there anything else you are curious about? We are always open to discussions on Telegram, Twitter, LinkedIn, Facebook and Kuende.

Cheers!