IONChain: Facilitating an IoT Economy
IONChain: Facilitating an IoT Economy
In recent times progress has advanced in digital technology, being something that is already unavoidable and at the same time very necessary, because with the new digital technology we can achieve many things that we can imagine.
In fact, the use of the digital world has long since become part of our lives, to make things easier for us, especially when making transfers or exchanges of data, and even in those things that for some reason we can not do at the time and with Internet if we can.
In such a way, that today in a blockchain environment we have IONChain.org, to represent a part of the internet of things and of all, which has come to give us total support in our lives. Let's see a brief overview of its origin.
Origin of IONChain.org
In 1887, the famous Swedish physicist, Arrhenius, proposed his theory of ionization, question and concept that between 2017 and 2018 the team of Source took for himself, publishing the similar form of ions to the form to transfer information.
But why is it called like that?
Because, IONChain will serve as the link between smart IoT (Internet of Things) devices, as if they were ions, supporting the decentralized interaction between smart devices and based on an application.
IONChain is a project based in Singapore and Shanghai that was started by a team of developers who have worked on projects such as Hyperledger and various companies of Blockchain as a Service (BaaS)
What is IONCHain.org Source?
IONChain is a smart platform and system based on blockchain and Edge Computing, to design and automate transactions between smart devices in order to maintain control of the limits planned in order to understand and solve the problems currently presented on the network; for example, the speed and security of data, the flow of data, the exchange of data and data transactions, among others.
On the other hand, it is also based on the success that Bitcoin and Ethereum have had based on this type of algorithm, but nevertheless many improvements were made because these algorithms were not very suitable for the future requirements of the growing IoT industry.
That is, the relevant changes were made so that all the IONChain algorithms were designed and developed to make it possible for each smart IoT device connected to each other, to become a mining machine that allows them to create value constantly for each user active.
And What is the Objective of IONChain.Org Source?
Make all communication parameters of all devices through the IoT network equal to any device used, to achieve standardization in the way they transfer and interpret the data, and allow them to implement their vision and concept: " One Device, One Coin, One Code. "
Can Blockchain Become and IoT Enabler?
Of course, IoT can be compatible with blockchain, for example, both blockchain and IoT are distributed networks and therefore, some current problems of IoT, such as value measurement, circulation, security and interoperability, can be solved with the blockchain account book technology and the economical chip system.
Could IONChain Make any Smart Device a Mining Machine?
Of course, and once all the smart IoT devices are connected to the IONChain network, they will be able to mine and obtain rewards in cryptocurrencies for the mining activity.
However, despite the fact that the currency was launched as an ERC20 tokens, the development of the mainnet was announced on August 28, announcing during the event held in Shanghai with the investors of IONChain and other important partners in the IoT industry, that once all the tests are carried out, the IONC tokens can be exchanged for IONC main network currencies.
Details of the IONChain Ecosystem
Once the IONChain protocol has been integrated into the various smart IoT devices of different IoT manufacturers and industries, a large amount of DAPP can be built to help facilitate the optimization of these devices.
In this sense, the concept that IONChain will use is called "One Device, One Code, One Coin" and its main characteristic definitions are:
The "Device" refers to the smart IoT device that is being used in the network (smart phone, smart microwave, smart lock or other smart devices).
The "Code" refers to the unique identification base code that this smart device will receive, the value of which will mark the data created and transferred by the device in the IoT network.
The "Coin" refers to the cryptocurrency used to reward mining activities in the IONChain ecosystem, that is, IONC.
Information supplied from:
Source
Technical Architecture
With respect to the configuration and philosophy of the technical architecture, it is based on two main steps, the creation or generation of value and the transfer of value of IONChain:
- This first step of creating value, in turn, will be divided into four different layers: Generation, Verification, Evaluation and Confirmation.
- For its part, the second step of transfer of values: it will be divided into six different layers: application, service, IONChain protocol, intelligent contracts, blockchain and data storage.
Case of Use:
An entrepreneur named Greyle from a company that is well known worldwide with a large portfolio of clients feels that his company is beginning to fall into a financial meltdown due to the lack of innovations. This situation leads him to look for new alternatives since Greyle is always looking to improve their offers, products and services.
But, the lack of security, compatibility and the constant time delays in data transfers of traditional systems have been his major problems.
Investigating, Greyle found that to solve his problems and especially that delay process for more than half a second, he decided to use the IONChain solution, which now guarantees that the transfer of data, values and information will be very secure, in real time and of excellent quality.
In this way, when Greyle implemented this new concept in its smart IoT devices, linked to the IONChain network, he has ensured that his base of users and customers begins to grow progressively.
This has guaranteed Greyle the salvation of his company because he can adjust and improve all of his products and services, so that his clients are happier and more satisfied, by encouraging business growth to be maintained and income to increase as well.
In Conclusion
The security of the data and the protection of the privacy of the users have always been one of the most serious threats presented by Internet technology; but with IONChain that will no longer be a problem when combining everything related to smart devices, IoT, Blockchain and Edge Computing in a single platform and integrated and compatible system.
In such a way, IONChain offers its best alternative for the tranquility of the users, since we can count on a smart service that can offer us support and many benefits from different points of view, in the present and in the future, just by connecting the smart devices between them and the IoT network of IONChain.
In fact, the emergence of Edge Computing technology comes along with the development of smart terminals and IoT nodes, to configure a scheme that will gradually continue to attract the attention of professionals and investors from many IoT industries.
Therefore, IONChain perfectly complies with the architecture requirements of Edge Computing technology and can make full use of the computing power of the IoT network nodes, together with the use of smart contract technology, to that users can design their own digital agreements, automating the liquidations of data commerce between the various smart devices.
Finally, it is inferred that together with IONChain the data exchange will evolve and improve from person to machine and from machine to machine based on the peer to peer scheme.
Roadmap.
IONChain Team
More Information & Resources:
IONChain Website Source
IONChain Bitcointalk Explanation Source
IONChain WhitePaper Source
IONChain YouTube Source
ONChain Twitter Source
IONChain Medium Source
IONChain LinkedIn Source
IONChain GitHub Source
IONChain Steemit Source
IONChain Telegram Source
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