In the national information plan issued by the state council of China, blockchain technology was mooted as one of the frontier technologies within the national strategies layout. Along with the emergence of cryptocurrencies, the blockchain has rapidly developed in recent years and it's going to provide the basic infrastructure for the next generation of the internet of value. Blockchain technology is now collaborating with emerging technologies in different fields to progressively increase the range of application. Considering the security issues involved with great volume of data potentially being collected by ioT devices, IoT will eventually be merged with blockchain since IoT is seen as an extension of the internet.
When it comes to the blockchain technology that serve the IoT, the very first thing that comes to the minds of people is the famous project in 2017, "LOTA" Which Was designed to solve the problems caused by M2M (machine to machine). LOTA however has no mining mechanism , so it solely was not made as a currency . Unlike LOTA , IONChain.org aims at resolving wide range of current problems of IoT networks in term of data transaction, data security, data sharing and data circulation and as such improving the efficiency of the whole IoT Ecosystem.
Investors and experts are so confident in the project because reliable core team and professionals are involved. The founder has over 15 years of architecture experience in high tech, manufacturing and financial industries and has written books on blockchain. IONChain has recently got the strategies investment of capital by famous blockchain investment.
WHAT IS IONCHAIN.ORG
Is a new type of basic platform based on the blockchain and edge computing of IoT (internet of things) purposed at achieving unification of the security,flow , trading and criterion of IoT data and the access to IoT nodes of arbitrary type and scale.
HOW IONCHAIN AMALGAMATE IOT AND BLOCKCHAIN
IONChain will interact with IoT and blockchain through privacy and security by storing encrypted data through distributed nodes , this will ensure data security and at the same time give users control of the data . This will be converted into values by the authorization of the users.
IONChain will also interact with IoT and blockchain in data trading market. This will allow users or enterprises with IoT devices upload the device data to IONChain and the value will be quantify through IONC. As long as a user authorize the use of the data by the demand side ,they get IONC Token which is currently the token on the IONChain network.
And finally but not the least of it, IONChain will make share economy a reality by assisting operation authority trading and by using smart contract realize a device - device interaction and device-user interaction as well.
ONE DEVICE, ONE COIN, ONE CODE
IONChain.org recommend the idea of one Device, one coin, one code and in this sense "Device" mean "IoT devices" , "coin" means "the IONChain token which is IONC" And "Code" refers to the "unique identification code of the IoT device" joined to the IONChain.org network. All these facilitate the integration of IoT devices and enable every device on the IoT network to be utilized as a mining machine.
IPFS(INTERPLANETARY FILE SYSTEM)
IONChain rely on the future of edge computing and will use IPFS as a medium of data storage. The favourable protection mechanism of IPFS for privacy will also enormously enhance the involvement of individual nodes. It will use distributed architecture to effectively evade the potential hazard of centralized storage on the cloud.
TRUST IN THE USE OF BLOCKCHAIN TECHNOLOGY AND IONCHAIN.ORG
The data source for IONChain will always be reliable and verifiable on the network. The data value is quantified and fast in data transfer as well as being secured. This features makes it easier for IoT standards to emerge and boost the whole industry into a next level of development.
TECHNICAL ARCHITECTURE
Just as the case with our favourite Bitcoin and Ethereum, IONChain allow value creation and transference within the blockchain. It aim to dynamize the process following layers.
1.value Generation
2.Value Verification
3.Value Evaluation
4.Value Confirmation
BRIEF KNOWLEDGE ON IOT(INTERNET OF THINGS AND BENEFITS WITH IONCHAIN
IoT known as internet of things is a global network with connections into our vital infrastructure such as air conditioner, cars, etc.
So, incorporating IoT devices with IONChain can be of great advantages to
1.individuals
2.Business
3.society
4.Health etc.
By....
1.Earning IONChain token -IONC , as miners which can be used to purchase various added services within the Ecosystem
2.Gain much security and solve issues relating to scalability
USE CASE
An African enterprise A set up a production line which he later realized it efficiency was not high and needed to be optimized . After running for a period through data transaction platform of IONChain . Enterprise A found that an East Asian enterprise B issued some sensor data and video of a similar production line and then obtained the configuration data and operating videos through IONChain.org. To adjust the production line and improve the efficiency greatly in the production and also the cost at the same time as well as breaching the technical bulwark were reduced. This concept give birth to the new trading pattern of infinitely possibility in traditional manufacturing enterprise in monitoring business status through IONChain.org
Ionchain2018
To learn more on this awesome project check the links below
Ionchain website
Ionchain Bitcointalk explanation
Ionchain whitepaper
Ionchain YouTube
Ionchain Twitter
Ionchain medium
Ionchain steemit