What is IONChain?
IONChain is a non-profit foundation, founded in Singapore in early 2018. IONChain is an IoT infrastructure project that aims to solve problems such as:
• data security
• data circulation
• share data
• data transactions
Its origin was In 1887, the famous Swedish physicist, Arrhenius, proposed his theory of ionization, the publication of the form similar to the form of information. The chain is so called because IONChain will act as the underlying link between all IoT devices to support decentralized P2P communications between all devices, just as the ion is an integral element of the atom, and without it, the atom would not be the same. What is it. Making IoT devices capable of exchanging value with each other automatically with the use of smart contracts will create countless application scenarios for the entire industry, pushing them into a new era.
Traditional cloud computing architecture can not provide the real-time response requested in many application scenarios. The use of cutting-edge computing in the industrial Internet of things, smart home technologies, vehicle Internet and other areas of IoT will reduce the latency of network feedback, improve the user experience and significantly expand the amount of scenarios of use cases. Perimeter computing technology solves the long-standing problems of the IoT industry for protecting data privacy and data security. Despite promises made by major cloud service providers, data gaps still occur frequently and concern for privacy is omnipresent. By using advanced computing technology, we will train users, allowing them to take control of their data and establish the limits of who can access them. At the same time, perimeter computing can still be integrated seamlessly with the cloud computing platform that allows a flexible design of a system. Processors based on ARM architecture are found on all types of nodes within the IoT network, from the mobile phone to the router and from UAV to the industrial terminal.
IONChain team:
Each project is made up of the experience and the preparation of your team. IONChain has an extremely capable team, which has been demonstrated in the blockchain space.
Based in Singapore and Shanghai, the team is made up of developers who have worked on large-scale projects such as Hyperledger. The ICO was a voluntary approach to community participation, since the project had already obtained interest from the main private investment funds, such as LD Capital, Node Capital, Hashlink Capital and IBC Blockchain Capital.
The Technical Architecture: Value Generation and Value Transfer of IONChain.
The process of generating value can be divided into four main categories:
Generation of value:
All information is processed and stored in each individual smart device. The data is converted to a standard format and that data is passed to the value verification.
Verification of value:
This is the part that we are all familiar with as blockchain. The data is processed through an exclusive PoW / PoS combination consensus mechanism of IONChain.
Value evaluation:
is where the data is authenticated and protected from double-spending attacks.
Value confirmation:
The data is confirmed, and IONC is generated!
IONChain value transfer
The process of generating value can be divided into six layers:
- Application layer
- Service layer
- Protocol layer
- Smart contract layer
- Blockchain layer
- Data storage layer
IONChain use case:
All IONChain Connected devices can be programmed to execute actions of the data received from other IONChain Connected devices. This can be applied with multiple devices. Once integrated the IONChain protocol in the different IOT devices of the different nfabiricantes or companies, creating a large amount of dAPP to help facilitate its use optimally.
This great technology will bring a breakthrough at all levels of the user, satisfying their needs, the fact of opening the electric gate of their house and at the same time start to work the air conditioning would simplify satisfactorily the quality of life of the user, this example can be used also in small as large companies, saving time, money, as well as obtaining security and efficiency in the work area.
This writing was done by @sifontes for the @originalworks contest sponsored by IONChain.
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