IONChain: The blockchain support network for IoT

antoniomontilva (53)in #crypto • 6 years ago (edited)

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IONChain

"IONChain is a non-profit foundation, founded in Singapore in early 2018. IONChain is an IoT infrastructure project that aims to solve issues such as:

data security

data circulation

data sharing

data transactions."

Problematic

The world of the Internet of things is fascinating and offers quality of life to people, but is threatened by the problems of privacy protection and data security that are processed there, being something very attractive to hackers and cybercriminals. This problem occurs because the data that is emitted has to go to a specific, centralized processing center, and there are multiple ways to process the data.

To solve this problem IONChain proposes a new system whose vision is expressed in: -"One Device, One Coin, One Code"-. IONChain pretends that the communication parameters between the devices are the same regardless of the device, thus seeking to consolidate a standard and global communication system in the world of IoT and implement its vision of: -"One Device, One Coin, One Code"-.

An exclusive visión: One Device, One Coin, One Code

As mentioned before, IONChain's intention is to get the devices to work together using a standard and universal communication system. This is made possible by blockchain technology, which in turn will make each device in your IoT network work as a miner to keep data processing safe and independent, while allowing a reward system to be established according to the data processing provided by each device.

IONChain Team

"Every project is defined by the experience and expertise of its team. IONChain has an exceedingly capable team, who have proven themselves in the blockchain space."

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IONChain Use-Case

Case:

The IoT requires different software and platforms for data processing, making all this has a cost that the user must pay to enjoy the benefit and quality of life that the world of the IoT brings to people. In this sense, using devices connected to the IONChain network, the same devices will act as support to the platform for data processing to function as miners, which generate a reward in network tokens, such tokens may be used to finance the costs of service, operation, etc..