IONCHAIN- DOPING THE CURRENT IoT SYSTEM

michades97 (45)in #blockchain • 6 years ago

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Introduction

As we're fast approaching the epicentre of the much anticipated revolutionary information age, its safe to assume that all hands on deck are patiently rooting for something remarkably smart and new. Until, the arrival of the IoT and IoV concepts, i used to believe that we (tech-enthusiasts) were placing too much expectations on the speculated era. Well, with the performance and unique functionalites of such state-of-the-art devices like sensors, smartphones, smart refrigerators and co. that currently flood today's market, I am convinced that nothing is impossible.

Of the two earlier mentioned concepts, IoT-Internet of Things fascinates me most and I'm sure that same is the case for many other individuals.

Here is an ideal illustration of the Internet of Things real life application.

Case 1: Imagine that you are jolted from sleep in the morning by your smart alarm clock. And, as you leave the bedroom to go heat up water for bath, you find that the water heater has already done so. After your bath, you then proceed to the kitchen to toast some breads but your toasting machine has already done same. Finally, as you enter into the car to leave for work, you remember that you hadn't switch off the electric bulb but then you also remember that the smart lock function would have done the job.

Internet of Things is a concept that perpetually helps to save both time, energy, and make life more fun.

IoT and Edge Computing

Simply put, Internet of Things refers to a phenomenom in which our everyday devices are able to broadcast, transmit and exchange information one to the other arising from some preset programmes in such devices. It is otherwise described as an ecosystem in which all our physical machines are interconnected together with the digital ones.
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Until now, cloud computing technology is the sole bridge between the bespoke worlds but edge computing appears to be a better alternative.

Contrary to popular belief, current cloud computing technology is not so secured nor private. In fact one of the prominent debacles is the lack of adequate data storage. There is also the issue of delayed customer responses.

With edge computing however, the connection is faster, responses are real-time, data is highly-secured and is frequently optimised.

IONCHAIN AS AN INTERVENTION

IONCHAIN is a novel brand in the technology market that is focused on improving the current IoT system by availing effective data sharing, security, circulation and transactions. This is specially facilitated by leveraging the use of blockchain and edge computing technology.
In doing so, IONCHAIN's team introduced the One Device, One coin, One code protocol, a means to integrate our everyday smart devices with the IONCHAIN network.

One Device, One Coin, One Code

Here's a protocol which when combined with the edge computing technology enables every IONCHAIN device to easily share reliable data across networks in a safe, secured manner and the same device is rewarded in IONC for its function.
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Every hardware registered as a IONCHAIN node has some codes embedded in it so that it is data-stamped from the onset. Hence, the reliability and immutability of the data generated thereof.

So in all, the one device, one coin, one code concept is an innovative means of integrating existing devices with IONCHAIN's architecture.

B2B Data exchange

True to IONCHAIN's architecture, businesses are able to access such data of professionals in the same field that have made great exploits, of which the data may prove instrumental to their continued thrive. In other words, one business or enterprise gets to serve in the capacity of a data supplier/provider while the other, functions as the data consumer. It is however worthy to note that the exchange is not free. The data provider will most certainly be rewarded and in IONC.

C2B Data Exchange

With IONCHAIN, its also possible to have a data triangle . Here, a data triangle is an attempted description of raw data sharing by a certain individual to an enterprise A. This data can eventually be sought for by another enterprise B, of which the individual is considered as the primary data source while enterprise A is the secondary. Both are rewarded based on functionality and contribution.

Conclusion

From the ensuing, its obvious that IONCHAIN is intrinsically targeted at restoring full-control and access of data to the respective original data owners. This way the network is able reinforce confidence and trust in the minds of both prospective and existent users. The end result of this is a boost in populace adoption.

I hope that this project will outlive benchmarked expectations, because it heralds a host of many possibilities and use cases.