With the advent of electronic money, blockchain technology has grown rapidly in recent years. In the 13th Five Year National Information Plan issued by the State Council of China, blockchain technology is considered one of the frontier technologies in the National Strategy Interface. Blockchain technology will provide the next generation of Internet - based infrastructure, and is currently collaborating with emerging technologies in a variety of areas to expand the reach of applications.
As we all know, the IoT network is seen as an extension of the Internet, so it is inevitable that the IoT will eventually be merged with the blockchain. Particularly considering security issues involving large amounts of data that are likely to be collected by IoT devices in the future.
About IONChain
IONChain addresses a variety of current issues of IoT networks for data security, data circulation, data sharing and data transactions, thus enhancing the efficiency of the entire IoT ecosystem. .
IONChain introduces the concept of "one device, one coin, one code" that facilitates the integration of IoT devices with the IONChain blockchain network. With the use of Edge Computing technology, it allows every device on the IoT network to be used as a mining machine, making every IoT device using IONChain subject to exploit rewards.
Due to the use of blockchain technology, the data source will always be reliable and verifiable on the IONChain network. Moreover, the value of data is quantified and data transfer is fast and secure. This makes it easier for IoT standards to emerge, opens a new set of IoT application scenarios and leverages the entire industry into the next level of development.
How IONChain Amalgamates IoT And Blockchain
Here are the cases where IONChain will interact with IoT and Blockchain
Market Data Transactions: People on the data demand side, such as businesses, need user data. Users or businesses with IoT devices can upload device data to IONChain and quantify the value through IONC. When a user buys a car with IONChain, users can receive IONCs as long as they allow their data to be used by the party requesting the data.
Make it economically shared: It supports transactional rights and uses smart contracts to realize device-device interaction and user interaction. Rent a bike as an example. Anyone can become a renter or renter. No third party or service fees in the entire process.
Privacy and security: IONChain stores encrypted data through distributed nodes to ensure data security. At the same time, the user has control over the data. Therefore, the data can be converted into values according to the user's authorization.
Conclusion IONChain
With the help of edge calculations and ionization algorithms, IONChain can allow IOT nodes of any size and any type to be connected. This will make everything a mining machine a reality. It will also make the stratification of value creation and transmission of values via ionizing algorithms possible.
After tens of billion IoT devices finally realize the value creation and transfer, the value of the IoT will explode. IONChain has signed a cooperation agreement with some of the leading IoT equipment manufacturers in China. They will jointly develop ioT devices based on IONChain.
Information
Website: http://ionchain.io/
Whitepaper: http://ionchain.io/whitepaper.pdf
Telegram: https://t.me/joinchat/Iw9TNUWZmVt_8CAuW_dc9Q
Twitter: https://twitter.com/ion_chain
Facebook: https://www.facebook.com/chainion
ANN: https://bitcointalk.org/index.php?topic=3641957.0
Author: https://bitcointalk.org/index.php?action=profile;u=1287832