IONChain as The Advanced IoT Platform Based on Blockchain & Edge Computing
Introduction
The advancement of modern technology has spread and increased into the next level, which is mean everything whats surround you is on the technology intervention. Just like our #Smartdevice eg. Smart Phones; Smart car; Remote Controlled; AI robotics assistance #alexa and everything that make you more ease to adapt within. This is the proof that the modern technology remarkable wonderful in time to time. As we know, all those mentioned terms are a part of things whereas correlated with the internet world (Network). Yup! The internet as the line of works whereas supported all those devices worked it perfectly. All those part (Smart devices) whereas its system connected with the Internet Network system called by Internet of Things as it's abbreviated by #IoT.
The #IoT defines as the advanced technology machine whereas its system correlated within the network (internet) progressed. Nowadays, within IoT systemized progressed faced by various problem occurred which is seems as the main reason for certain failed project. As we know by the integration of IoT need a well maintained and professional handler as it will make the system work well. Since the ordinary systemize adopted, many companies/projects faced their reality in the failed mission as it the complicated of IoT systems itself or other possibilities arisen. For instance, the following caused occurred such as:
- Integrating IoT by centralized data controlled,
- Lack of Privacy & Security (Users),
- Network bug on transactions,
- no supported in certain devices types (Compatibilities),
- and many other problems faced occurred.
Since the #Blockchain era has taken place in the wide range of internet use-case, we know all these problems can be healed through understanding how the IoT works and the advanced system integrated within IoT itself, as it all those problems answered by IONChain. To get further more discussion about how IONChain work, lets headed down below!
What is IONChain?
The principles of IonChain’s design including increasing scalability but at the same time making sure that decentralization and security are paramount. Creating cross shared transactions seamlessly to give user quality of experience (QoE) within an ecosystem that is incentive driven is key to IonChain, being able to support different platforms and providing users with an easy to use account. Our design will allow for scalability to be in line across the requirements of maintaining high security with a good level of decentralization.
Source
Based on the statement mentioned above, we can conclude that IONChain is A High-Capacity Transactional System which is oriented on the transactional layer on several system use case (IoT). The nature of IONChain system is to maximalize the scalability on the network whereas the system of IoT integrated on several devices, there are four advanced features within IONChain system that make it more decentralized than any other Blockchain systems, such as :
As seems through its features adopted, IONChain remarkable more decentralized than any other blockchain system. We know #decentralized means the privacy is above all, besides through another system it's more step forward than others.
IONChain is the best platform for you in maintaining and upgrading your smart devices (IoT) into the system (IONChain), the high scalability within the system suit and compatible with any devices utilized as the motto for the IONChain project stated “One Device, One Coin, One Code”.
The One Device, One Coin, One Code mean how its ease in the use case for the users, by utilizing IONChain system through their daily orientation needs. as the IoT network orientation needs, by integrating the blockchain technology IONChain has proof that the system within more decentralized.
By usingOne Device control, a user can maintain all another connected IoT through his hand, the scalability within IONChain system integrated to maximalize the network progressed, you can handle everything by single click/touch from your hand, eg. remote access for gate opening. While one coin refer to IONC as the currency within this platform, it can be used for various function within IONChain platform, and One Code is by the user control through his systems.
IONChain System
There are three main system within IONChain that run the whole orientation, as the following :
- Smart Contracts – smart contracts will be facilitated through Ethereum Virtual Machine as it is currently the most widely used.
- On and off Chain Transactions – off chain transactions are accommodated for times when transactions must access information that is not on the blockchain. Smart contract specific data can be shared as required.
- Account management is made simple by allowing one account to be able to access all shards. Users can operate a primary account, which contains the user address in a default shard, or through a secondary account which manages all other addresses of the user in a shard. The primary account option will be mainly used, then only temporarily moved to an address in a second account if required, with any remaining balance in the secondary account being moved back to the primary account.
Source
The three system mentioned was the main progress through IONChain platform, while another advanced infrastructure of technology ahead within IONChain. Smart Contract, Transactions, and Account Management is provided to the user orientation within IONChain to make it more ease to use and find another interest or benefits on the system.
Another surplus point within IONChain is by featuring the popular technology brand connected through the system, as the picture above described as Bluetooth integration on IONChain system available, it can be used more easily for those who unfamiliar with recent technology issues.
While in another technology features owned by IONChain are integrating its own Block Explorer, Wallet, and DApp oriented. as you can download and find more about it by clicking this following link:
There are another features which is still in developing while the #roadmap still in progressed, the features as Browser, DApp will be available soon after the team updated on the site.
IONChain Use Case
Let say Tony has bought the new house, everything inside his house is integrated within the automatics robotics system through every devices eg. TV, AC, Doors, Windows, Lamp, and etc. While in this case tony a well handled and maintained system to applied within his own network, without need any regulations as government required (Centralized), Tony needs the system more decentralized whereas his own data through the whole system adopted within his house is kept on save, secure and decentralized.
One day, Tony meet with his friends, they discuss about the IoT system and AI (Artificial Intelligence) topics till then tony's friend talked about IONChain after reading the news on certain website, they learn together about how IONChain defines, details and everything about it. Since then, Tony registered through IONChain website to get more detail instruction about how to use IONChain system to his IoT devices at home.
While Tony understood in-depth about IONChain, his also amaze with IONChain infrastructure that integrated through #Cryptocurrency use-case by owing #IONC currency with his own IONChain Wallet after he downloaded on the IONChain website. By this time, tony can manage all his IoT system easily through one device in all network within his house. The amazing of IONChain is while your privacy kept saved by adopting the truly decentralized system inside.
IONChain Currency
[Source](https://www.ionchain.org/
Every Blockchain project has their currency to maintain the whole network value run in well maintained, as it also behalf on IONChain by owning the #IONC.
IONC is the official token of IONChain. It can be utilized by different participants in IONChain ecosystem. The maximum supply of IONC is 800 million. It is going to be released gradually for 20 years. After 20 years, the administrative committee elected by IONChain users using the consensus mechanism will decide whether to re-issue IONC tokens based on the amount of on-chain devices, amount of data being processed and the overall level of IONC abundance in the ecosystem.
-IONChain Whitepaper
IONC is the code name for IONChain currency within the network, as its function can be used in IONChain ecosystem. by having the total supply of 800 million IONC, IONChain divided the distribution of this currency in various distribution method, eg. the circulation, mining reward, community, node, and team.
IONC Token Distribution
- 25% Distribution Supply
- 20% Community Construction and Incentives
- 25%Minning Rewards
- 10% Node Incentives
- 20% Founder Team
The ecosystem described that IONChain isn't only oriented on transactional capacity but also by integrating the rewarding ecosystem through mining ecosystem on the network.
IONChain Team
The founder of IONChain was Terry, as 16-year experience of consulting and system architecture. Technology team management experience with over 300 employees. Former CTO of ZhiWang Fintech, Founder of Vonechain Blockchain and IoT systems.
Former senior director of Accenture. Integrated Technology expert, designed integration solutions for Huawei, China Mobile, SAIC and so on. Senior blockchain lecturer for MA courses at Fudan University.
MBA of East China Normal University.
As the rest of detail team of IONChain you can visit this link to get more insights.
This post has been submitted for the @OriginalWorks Sponsored Writing Contest!
You can also follow @contestbot to be notified of future contests!