Preface

That's crypto currency and blockchain Since its initiation has experienced enormous growth and development, for it has been seen as a frontier for the future and present of the internet.

The IoT

The IoT is just an abriviation for "internet of things " the IoT is a key component of a fresh new generation of information technology. IoT sees a future where the smart devices we use will be used in an inter connected Wat in the integration of network via;

• Identification technology,

• Pervasive technology and other

• Perceptive telecommunication technologies.

The IoT is exponentially expanding the range of possible internet application as it collaborates with emerging technologies in different fields.

In this publication, I'll be discussing a platform that has stormed the IoT ecosystem with great impact this platform comes with laid down strategies embedded in its Vission to make user-IoT experience a worthwhile experience ....... at this juncture may I present to you ,

Ionchain

According to statistical analysis gotten from the IDC an international data company based in USA, in 2015 that overall investment in global IoT market was 736.9 billion dollars so it was predicted that certainly, this number will increase up to 1289.9 billion dollars by 2020 ,s this implies that it experiences a 15.02% increment annually.

Even with this exponential growth/adoption there are still some serious unresolved issues and Ionchain comes with a Vission to eliminate this bottlenecks ranging from

• Lack of data security and data privacy

• There is also inefficiency in data sharing / circular

• And making value transactions is also difficult.

Edge computing technology

This technology "is the practice of processing data near the edge of your network, where the data is being generated instead of in centralised data processing warehouse " so by this it implies that the (IoT) device will process it's data instead of of sending it to a data center to be processed this technology will help to eliminate most of the major problems encounterd by the IoT since it existence, it's modificationhas gained attraction from many industries Ionchain making use of this technology will enable then archieve their primary Vission.

One device, one code one coin

Ionization came up wit this concept of the "One device, one code one coin" this will help break the barrier of communication amongst devices and enhance coexistence of different devices in a universal standard .

Ionchain will initiate this through inherently decentralized architecture of the blockchain which itself is optimal for edge computing apps

Origin of ionization

Ionchain has its concept derived from a theory of ionization postulate by a Swedish physicist Arrhenius where he proposed that "ionization is the process by which an atom or a molecule acquires s negative it positive charge by gaining or loosing from ions, often in conjunction with other chemicals "

Ionchain wishes to get in partnership with "global manufacturers and then endowed physically embedded ID codes into all smart device"
This code will act as an identifier on the Ionchain such that any other user who has issue tendering the code will be dinnied access and this will boast security and privacy.

The IPFS
IPFS simply means internet planetary file system. Due to large block of data on the blockchain it's realised that transaction become a bit slow but the IPFS being built for Ionchain for the purpose of tackling transaction speed "without compromising access to relevant data by distributing the storage over multiple devices "
So by separating storage from transactions the data block size and transaction speed problems will be resolved.

. Technical architecture

Based in the concept of ionization, Ionchain uses a unique ionization algorithm to meet the requirements of internet of things;
Ionization algorithm seprates value creation from value transfer as data can now be created locally on smart device i.e IoT smart device and this is made possible through the affiliation oftgr blockchain and edge computing technology.

Let's see how the value generation works

The value generations process is divided into four stages that is the

• Value generation

• Value verification

• Value evaluation

• Value confirmation

Value generation
All information is processed and stored separately in smart device as its being converted into a universal standard format and then passed for verification

Value verification
Here "data is processed through a pow/pos combining consensus mechanism unique to ionization "
Then passed on for authentication

Value evaluation
This is simply am authentication stage and here also the data is being protected against infiltration and other security risk then passed for confirmation

Value confirmation
Value confirmation is the final stage of value generation, the day is confirmed and IONC is generated

Value transfer on Ionchain
The value transfer process is divided into 6 different phases ;
Application Layer

Service Layer

Protocol Layer

Smart Contract Layer

Blockchain Layer

Data Storage Layer

this is my video presentation have a nice time viewing

Reference

IONChain Website
IONChain Bitcointalk Explanation
IONChain WhitePaper
IONChain YouTube
IONChain Twitter
IONChain Medium
IONChain LinkedIn
IONChain GitHub
IONChain Steemit
IONChain Telegram

ionchain2018