IONChain : The Future Of IOT

voluwole1 (7)in #crypto • 6 years ago (edited)

About IONChain

IONChain aims to solve a wide range of the current problems of IoT networks in terms of data security, data circulation, data sharing and data transactions, thus enhancing the efficiency of the whole IoT ecosystem.
IONChain introduces the concept of “One Device, One Coin, One Code” which facilitates the integration of IoT devices with the IONChain blockchain network. With the use of Edge Computing technology, it enables every device on the IoT network to be utilized as a mining machine, making every IoT device that uses IONChain subject to mining rewards.
Owing to the use of blockchain technology, the data source will always be reliable and verifiable on the IONChain network. Furthermore, the value of the data is quantified and data transfers are fast and secured. This makes it easier for IoT standards to emerge, unlocks a plethora of new IoT application scenarios and boosts the whole industry to enter the next level of development.

How does IONChain Work?

IONChain’s design principles include improving scalability but at the same time ensuring that decentralization and security are paramount.
Creating a seamlessly cross-linking to provide a quality user experience (QoE) in an incentive-driven ecosystem is key to IONChain, capable of supporting multiple platforms and providing users with easy-to-use accounts. Our design will enable scalability to align with high security requirements with a decent decentralization level.
Shading is the separation of data from a large database into smaller databases. This is the common way that most centralized systems reach their scalability needs. For example, Ethereum cross-shard operations and are considered to integrate the consolidation process for scalability. – Scalability, Such a network requires at least two operations – one to complete the payment channel and one to destroy the other. The lightining network is not useful for all purposes when a group of users creates repeated transactions between them.

How IONChain Plan To Impact The IoT Industry

Currently the IoT (The Internet of Things) is being published more and more in the market, and has achieved greater industrialization of this technology. Increasing greatly the number of compatible devices with this technology and expanding the market more and more.
IONChain seeks to strengthen this industry, focusing on improving some points such as: data security

• data circulation

• share data

• data transactions

The improvements and the evolution in these points in the part of IONChain, the generation of a positive impact in the IoT industry and that these are the points that worry the big investors when thinking about IoT technology

Way that the IONChain ecosystem improve the way smart devices are used and communicate with each other

IONChain will create a pleasant ecosystem for users of smart devices who wish to use or implement IoT technology.
IONChain will allow a greater compatibility between devices, since it looks for the standardization of the sent and received data for a better communication. The IONChain ecosystem will avoid one of the biggest problems among devices that use IoT, which is incompatibility.

How will the IoT economy help with the grow and hasten the process of mass adoption

IONChain is the ecosystem that will unify smart device technology and enable them to truly become a part of our everyday lives!. *** IONChain has already partnered with several large IoT producers and aims to unify these manufacturers by incentivizing them to use the protocol by creating revenue in the IONChain ecosystem.***
The more manufacturers implement the IONChain protocol in their devices, the more possibilities there are for automatizing their operation in relation to each other through dAPPs. More so, IONChain users are also incentivized to use IONChain Connected devices over traditional smart devices by the reward distributed to them in exchange for data mining.

impact of * "One device, One code, One coin"*

Using this solution people will be able to create digital agreements on data transactions and data ownership. By storing and distributing this data in a decentralized manner, the IoT device owners can decide exactly which devices they want to interact with and which data they want to distribute to which party.

Why is it important to have a global standard where dAPPs can be developed once to work with all IONChain implemented devices?

The dAPP are decentralized applications that are executed in a network, these applications are the ones that the IoT technology uses to exchange data and information automatically and thus give a better management of these technologies.
IONChain seeks to implement its software together with these dAPPs and in this way achieve greater progress in the adoption of this technology

IONChain Team

Use Case

Koffi uses a smart phone, which is connected to IoT technology allows you to turn off the lights of your home automatically when you enter the Wi-Fi network of your home. This offers Koffi comfort when going to bed in the night. This and many other applications exist for the IoT technology of IONChain.

Conclusion

With the help of edge computing and ionization algorithms, IONChain can allow IOT nodes of any size and any type to be connected. This will make Everything could be a mining machine a reality. It will also make the stratification of value creation and value transfer through ionization algorithms possible.
Once tens of billions of IoT devices finally realize value creation and transfer, the value of the IoT will explode. It is reported that IONChain has already entered into a cooperation agreement with several leading IoT device manufacturers in China. They will jointly develop IoT devices based on IONChain.