The Internet of Things(IoT) has been welcomed by the globe because of its uniqueness and simplification of life, IoT has been called the third wave of the world’s information industry development following the first and second waves of computer and internet respectively, its indeed the next big thing of the global age.
The market is increasingly growing as more and more devices and articles are been connected to IoT. The number of IoT devices will exceed the sum total of PC, tablet PC and smart phones in 2018 and reach a total of 20.4billion in 2020, its indeed an awesome technology but for the fact that its new and yet to be fully understood gave room to its porous nature when it comes to security.
One of such threats is the Botnets of Things that has infected more than 2 million IoT devices, the DDos attack launched by this made the network of American DNS service provider Dyn break down and users could not visit several popular websites such as Twitter and Paypal during a short period, so is pretty huge issue but a project came to the rescue and project is IoT Chain
IoT chain defines data sovereignty as the right for users to control their data assets, it will become the most abundant data ecosystem in the generation of IoT and generate large amount of data based on smart devices and users’ behavior, in ITC, users’ data belong to themselves.
Any company who intends to do big-data analysis or algorithm model training of advertisement recommendations will need to submit Chaincode to ITC.
ITC is created on a decentralized platform and as such it stands out from the usual centralized technology whereby identify information is centrally stored on servers that provide access to services such as email. These servers hold account usernames and passwords, as well as various other data related to the account and the administrators of these services have complete control over the server, users do not have control over their identity information. But in a decentralized platform, the reverse is the case as, no login or password is required, and the user controls their identity by holding their private key.
ITC technology allows privacy to be better protected. In a centralized identity system, service providers use user data at their discretion, and use this data to generate revenue without the user's knowledge or authorization.
The above is just the periphery of what ITC is all about, they have been doing great since after their ICO, opened an office, employed staffs, attended and actively participated in conferences, one of which is the Plug and Play (PNP) Supply Chain & Logistics Focus, the future of the project is great and we will get to see more good things come out of this project, as an investor, it was a great decision that i made to be part of this community and if you intend to be part of ITC, click on any links below and join.
See you at the top!!!
Website: https://iotchain.io
Telegram: https://t.me/IoTChain
Reddit:https://www.reddit.com/r/iotchain/
Twitter: https://twitter.com/IoT_Chain
Facebook: https://www.facebook.com/IoTChain/