Ruff is a platform designed to improve commerce by combining the Internet of Things and blockchain technology.
What is IoT -
Internet of Things (IoT) is a system of connected physical objects that are accessible through the internet. IoT is the network that enables interconnections between any ordinary physical device or objects. It could be a person with a heart monitor or an automobile with built-in-sensors. In short IoT is objects which can collect and transfer data over a network without manual assistance or intervention. The embedded technology in the objects helps them to interact with internal states or the external environment.
Why we need IoT?
An article by Ashton published in the RFID Journal in 1999 said, “If we had computers that knew everything there was to know about things - using data they gathered without any help from us - we would be able to track and count everything, and greatly reduce waste, loss and cost. We would know when things needed replacing, repairing or recalling, and whether they were fresh or past their best. We need to empower computers with their own means of gathering information, so they can see, hear and smell the world for themselves, in all its random glory.” This is precisely what IoT platforms does for us. It enables devices/objects to observe, identify and understand a situation or the surroundings without being dependent on human help.
Now you understand the importance of the IoT in our life and how in future there will be n number of devices per person which suppose make human life simpler. But there are problems with current IoT devices, network, such as communication problem between two IoT devices. It’s not just among different product types but also among products belonging to the same types as well.
The Internet of Things often proves an isolated, closed system wherein wide area IoT and local IoT are unable to interact. Privatized industrial systems and IDC-based IT networks are difficult to connect. However, IoT data often requires high consistency and security, which is a problem that no centralized technology can readily solve.
There are standard protocols implemented on the hardware level but lacks when it comes to the application layer. There is need of single/common platform or technology where all different IoT devices can communicate without any problem, and we can enjoy the full benefits of IoT like we are enjoying with internet. What is needed is the introduction of operating system and middleware concepts, compatibility with the fragmented spectrum IoT hardware devices, and a unified programming interface.
Modern IoT technologies are often accompanied by redundant nodes and mixed up clouds, but blockchain offers the possibility of a total solution to consistency and security issues. Unfortunately, blockchain development currently suffers from lack of infrastructure, high technical threshold, and excessive technical risk. So far, there are no mature solutions to the scalability problems that are frequently pointed out. As a result, the current distributed app development is sparse and remains at the virtual level, not yet having real world interactivity.
RuffChain –
Ruffchain started in 2014 to solve communication and standardization issues of IoT network, and to provide unified programming interface. Since its establishment it has focused on IoT. And within 2 years of establishment they developed Ruff OS, which is the world’s first IoT OS based on the JavaScript development language and it supports cross-platform code running. This has provided an open, efficient and quick IoT app development platform for software development. Hardware can be operated by just calling the program library, significantly lowering the threshold of IoT app development and providing a standardized IoT OS for IoT layer access.
Ruff’s community has already grown to encompass the work of tens of thousands of developers, and is the industry's most prevalent IoT operating system. In addition to a core of technically skilled team members, team members have also been listed for Forbes China’s 2017 30 Under 30 mention and other notable awards and accolades for achievements in business development and marketing.
RUFF tokens -
RUFF tokens, the virtual currency of contracts. The RUFF tokens will be the benchmark for incentives, spending, and trading within the Ruff public chain ecosystem. Within the Ruff ecosystem, one or several types of tokens are generated as a standard of settlement. Consumers consume tokens during property or data transactions. Use of equipment rights and data generating transactions will also be settled using tokens. Any Ruff-based smart contract can claim its own token for settlement.
Ruff token is listed and currently trading on Huobi, Gate and Fex. And current token price is $0.106331 per token. Total supply of Ruff token is 1,840,000,000 RUFF and circulating supply is 921,800,000 RUFF.
If you want to know more about Ruffchain project you can visit below sites, social media platform-
https://ruffchain.com
http://www.facebook.com/RuffChainProject/
http://t.me/ruffchain
http://medium.com/@ruffchain
