Hello, I'm 
Are you a crypto enthusiast ,then I think this is for you ;
the introduction of blockchain , the crypto, the internet of value /things has lead to a drastic digitalization in global technology.
For readers who are not familiar with the term internet of things this involves the management of data, it's a new generation of information technology , it's mostly known by its abriviation, the IoT ,in a nut shell it refers to smart device connected to each other, applied wildly in the integration of network through intelli-sense, identification technology pervasive computing and other telecommunication technologies.
It has been about 20 years already since the concept of IoT was first proposed and since it's innovation, this amazing technology has evolved and developed making big progress
The IDC an international data company based in USA in 2015 revealed that the overall investment in global IoT market was 736.9billion dollars and further predictions equally tell that it increase up to 1289.9 billion dollars by 2020 ,this means that the IoT industry experience an average exponential growth of about 15.02% annually.
Irrespective of this growth/wide adoption the IoT has within, someone unresolved issues.
IoT and it's unresolved issues;
Inadequate security a privacy of data;
I would say that when it pertains to issues of data management , preference is always given to its security.
Considering the IoT ,data security has proven to be one of its major threats to success, so far the IoT infrastructure has recorded many instances of data infiltration.
No firm business model;
the IoT lackes a firm business model and this has gone a long way in scaring away it's teaming users
Lack of concised interaction with other platforms;
the centralized mode of operation of the IoT barriers fluency in data exchange /circulation, many companies /platforms are so eagered to make investments on the IoT with the aim of getting high returns but due to lack of efficient data mobility. This is squarely hindered .
As a crypto enthusiast, I had a dream of making a change, a positive impact but my hands where tight due to lack of resources but on my quest to sick solutions I stumbled across a platform who's qualities caught my attention with which I'll be equal sharing with you, at this juncture may I introduced to you
from the insight I be gathered, it's portrays that Ionchain.Org will act as a link between all the IoT devices to support the decentralized p2p communication within all the devices, it derives it concept from the theory of a great Swedish physicist ; Arrhenius where proposed the theory of ionization
Ionchain aims at ensuring mainly, data security and also enhancing easy data circulation, trading and sharing .this will result to breaking of barriers faced by IoT network an instead if a centralized technology ,rather make use of the blockchain decentralized technology allowing IoT devices makers, data owners /users. IoT constructors an even requestors to be able to use the infrastructure it need to for a complete closed loop of IoT business.
Firstly let me throw a little light on edge computing technology; this is an open platform that "integrates networks computation storage an application at the edge of the network near the source of the data".
seeing the potential of this platform being able to be a solution to most of the pitfalls of IoT as it is seen to have the potential to ;
Hasten connection ensuring real time operation
Boast application intelligence
Allow data optimization
Deal with security /privacy scandal etc...
The edge computing is fortified with modification of intellectual terminals which had several attractions of practitioners from numerous industries,
edge computing as the name entails had come as a bridge between physical entites and industries connection through cloud computing layer is able to access the historical data of the edge layer .
On the bright side you see that by Ionchain using the edge computing it will be able to solve most of this problem of the IoT ,
Ionchain will be able to provide real time response required in many applications, and there will be decreased in the network feedback latency.
Ionchain relies mostly the features of edge computing Ionchain via this it will Create an enabling avenue where "every device is a mining machine, this concept means that each of the IoT devices connected to the Ionchain will be able to mine through the Ionchain Ionization algorithm.
This system accurately calculates the reward from the function , data volume , time (such as time data collection and length terminal control ) and calculate the space covering areas covered by terminal or terminal cluster etc
Ionchain have come out with an innovation that they call "one device one coin one code which was developed to integrate the current IoT hardware and infrastructure ,in this concept,
Device represents IoT devices
Coin represents IONC (the Ionchain token)
Code represents a unique identity code for the IoT devices within the Ionchain network ,
This code can be embedded in the hardware of IoT devices in order to stamp the data with it from the very beginning.
Ionchain wishes to provide software level data conversions, data processing, data packaging tools and nodes for the already established internet of things system.
fortified with a concrete data security ,a user can archieve the forward capabilities of their designs .
It also intends
Speeding up the creation of industry standard
improved block sizes /transactions speed
Like mention earlier one of those set back of the IoT industries in transactions speed, Ionchain utilizes a myriad of IoT devices to participate which solves the data block size /transactions speed contradiction,
This system will be able to handle massive volume of IoT data in the future and with the aid of smart contract user can now design ther own digital agreement automating their settlement of data .
Ionchain whose bases it concept on that of ionization, applies a unique ionization algorithm to meet the requirements of the IoT industries through algorithm i.e well explained through ionization;
Ionization is the process by which "an atom or molecule acquires a negative or positive charge by gaining or loosing electrons to form ions often in a conjunction with other chemicals change" so in that same sence, Is the ionization algorithm, in the Ionchain algorithm, value generation and values transfer has been separated as two core functions of the blockchain as data can be created and processed
New business model will occur after separating the value creation layer and value transfer layer.
This algorithm are designed such that every IoT devices can become a minning machine allowing them to create value and all user of Ionchain can exchange their value freely through the value transfer layer
The value generations process is divided into four major categories
Value generation
Is a combination of IoT devices and edge computing technology center . due to the limited compatible of the IoT devices, relevant information is uploaded to the minning machines and then the machines calculate accordingly
These data is converted to standard format and then passed to the value verification stage
Value verification
This is the part that we are all familiar with as blockchain enthusiast, it is similar to the consensus algorithm in other blockchains, their the parties interested in the data provided by an IoT devices are required to complete the value verification, From this layer, the value will be transfered to the evaluation layer where the value is evaluated
N/B if the is not well verified, it will be sent back as being invalid
.
Value evaluation
This is where data is further authenticated and protected from malicious attacks such as double spending attack
Value confirmation
At this stage a confirmation is done on the data to finalise the process of value generation from here the value is packaged and passed onto the value transfer category where the value created by the IoT devices is officially present in the [Ionchain] ecosystem in the form of a digital currency
Value transfer in Ionchain
The part is sub divided into about six layers or phases i.e
Application Layer
Service Layer
Protocol Layer
Smart Contract Layer
Blockchain Layer
Data Storage Layer
.
Economic model
Ionchain has its own token called the IONC which can be used by different participants in the platform currently, it's availability is about 800 million. It's availability will remain this way for about 20 years afterwards it is I'll be decided via a consensus mechanism if it's availability should be increased or not based on the amount of data being processed and also how it's being wanted.
Team
Imagesource
Dugas is an examination body who's been consistently plagued with data infiltrations this has gone along way to prove their incompatibility and is as well driving them out of the redar
Dugas has tried so many security model's but to no avail until it was introduced to Ionchain .with use of the one device one coin one code, the problem was solved
Here is my twitter link
https://mobile.twitter.com/eddyblesseton/status/1060029287808548866
IONChain Website
IONChain Bitcointalk Explanation
IONChain WhitePaper
IONChain YouTube
IONChain Twitter
IONChain Medium
IONChain LinkedIn
IONChain GitHub
IONChain Steemit
IONChain Telegram
This is my submission for the 
ionchain2018
