I am Crypto Coins and I make videos.
Today I am looking at IoT Chain (ITC)
ITC is a safe light operating system for IOT based on blockchain that could be considered a Chinese 'IOTA' that tries to solve some uncertainty that is present when it comes to the safety and the integrity in the DAG solution used in IOTA.
Directed Acyclic Graph (DAG) is a type of verification where the devices on the network randomly verify each other’s transactions and build consensus through the web of connections between transactions.
ITC is designed to solve the severe safety problems of present IoT by applying a combination of encryption of cryptography, computing technology and distributed architecture without data center.
IOT chain will be used for variety of solutions and include:
- machine to machine payment between iot devices
- sharing and trading in the economy - anything from payments to assets
- safe access to the assets stored on the cloud
Use case scenario
- The IOT OS will be integrated into physical equiment
- they will be connected to the blockchain via the blockchain authentication technology
- everything will be stored on the blockchain network - all of the transactions will be recorded and stored
- all of the data on the blockchain will be viewable on the devices via apps
YOUTUBE LINK:
Links:
Website: https://iotchain.io/
Twitter: https://twitter.com/IoT_Chain
Facebook: https://www.facebook.com/IoTChain/
Blog: https://medium.com/@IoT_Chain
Reddit: https://www.reddit.com/r/itcofficial/
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