Introduction

Since the emergence of the blockchain a new technological era was born with decentralization, but despite the fact that new projects are born every day the blockchain has not reached its growth potential or its massive adoption. This is due to limitations such as: the speed of their transactions, the high consumption of energy by mining, the high costs of creation, integration and infrastructure. These limitations, like others, are the reasons why the blockchain has not been massified.

But despite its limitations the blockchain is still the best system and the IoT technology is helping its potential to grow beyond imaginable, but despite the fact that IoT technology has advanced a lot, it has encountered obstacles such as incompatibility. between the devices and the global standardization of their operation. Here is when a new project is born to solve many of these limitations and it is IONChain, which is a blockchain backbone for the IoT (Internet of Things).

IONChaines is a non-profit foundation that was founded in Singapore at the beginning of 2018. It is an infrastructure project that aims to solve problems such as:
• Data Security.
• Data Circulation.
• Data Sharing.
• Data Transactions.

IONChain will revolutionize IoT technology because it will make all smart devices through the IoT network the same, regardless of the device used, in other words, IONChain will allow no matter what intelligent device is connected and be equal within its ecosystem.

By achieving this you can implement your vision "One Device, One Coin, One Code".

IONChain has an extraordinary team of work with great experience in important companies within the blockchain such as HyperLedger. In addition, it has the backing of private investment funds such as LD Capital, Node Capital, Hashlink Capital and IBC Blockchain Capital.

IONChain Concept

In 1887 the Swedish physicist Arrhenius proposed the theory of ionization. He stated that, like atoms and molecules, ions are also basic particles of matter. With this concept IONChain aims to become the underlying particle in the IoT ecosystem. This means that the IONChains protocol will serve as a link between the IoT devices, supporting decentralized interaction between the devices of an application of peer to peer, in other words, universalize with its ionization algorithm within the IoT ecosystem the devices that connect without import the device that is used, this is how IONChain created the value creation and value transfer method called IONIZATION.

Source of image taken from IONChain's website

How will IONChain impact the IoT industry? How can the IONChain ecosystem improve the way smart devices are used and communicate with each other?

The impact of IONChain in the IoT industry will be very important because it will allow all the intelligent devices that are in the IoT ecosystem to be able to connect as equals regardless of the device used, avoiding the incompatibility that is generated between different devices. factories and achieving global standardization in their operation.

IONChain achieves this compatibility between all devices thanks to its ionization algorithm, by standardizing the way in which information (data) is processed. By integrating this algorithm into different IoT devices from different manufacturers and industries, a large amount of Dapp can be built to help optimize the devices. What will allow to implant his vision of "One Device, One Coin, One Code".

In this vision, "Device" means the IoT devices that participate in the IONChain ecosystem, "Coin" means the cryptocurrency IONC. "Code" is the exclusive identification code that can also be used as a wallet for these IoT devices within the IONChain network.

Edge Computing & Blockchain

"Perimeter computing is the practice of processing data near the edge of your network, where data is generated, rather than in a centralized data processing warehouse."

With IONChain, individual devices and the cloud share the task of processing the data. This gives the advantage of better optimizing the processes because the lightest data can be processed in the devices and those heavier in the cloud.

The ionization algorithm of the IONChain that each device of the IoT is a miner. This algorithm will allow to calculate accurately the rewards, volume of data, time, space and others.

Source: IONChain WhitePaper, Page 11

IONChain's plan is to partner with global manufacturers and physically integrate identification codes on all smart devices. This will make the devices safe, unique and standardized that will be combined with the IONChain software.

IONChain has incorporated IPFS (Interplanetary File System Integration) to address the origin of transactions without compromising access to relevant data by distributing storage across multiple devices.

By separating storage and transaction, the contradiction between the size of the data block and the speed of the transaction can be separated.

This whole process combines the best of the blockchain and Edge Computing.

What is the implication of combining Edge Computing with blockchain technology? How does having a true IoT economy allow you to grow and accelerate the mass adoption process?

Combining Edge Computing with blockchain improves processes to make them faster by separating value creation and value transfer.

Thanks to the ionization algorithm, any intelligent device can be used to connect to the IoT ecosystem, which will allow anyone to join this technology as well as receiving incentives to use it because their devices become miners of the network, in addition with IoT the Transaction speeds are higher than in networks like Ethereum or Bitcoin.

All these reasons make IONChain the catalyst for the mass adoption of the decentralized system.

Source of image taken from IONChain's website

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

By standardizing the various smart devices from different manufacturers and industries within the IoT ecosystem, you will be able to create a larger Dapp number that optimizes these smart devices.

The factories and industries that implement the IONChain protocol in their devices will have greater automation of operation through the Dapp. These smart devices can be programmed and communicated to execute actions.

With IONChain, factories, industries and users will receive incentives and rewards in the IONChain ecosystem. The more they use the Dapp (the more useful the extracted data is), the more IONC can be extracted.

Technical Architecture

The ecosystem of IONChain is based on data, a new method of creating value and transfer of value called: IONIZATION was created.

This concept aims to change this mechanism in two separate processes with multiple layers within those processes.

The creation of value will be divided into four different layers: Generation, Verification, Evaluation and Confirmation.

The transfer of values will be divided into six different layers: application, service, IONChain protocol, intelligent contracts, blockchain and data storage.

Source: IONChain WhitePaper

IONChain Use-Case

Case:

Michel is a businessman who lives alone in his apartment, because he has a very irregular work schedule sometimes comes at dawn to his home. Michel always finds that his apartment in winter is very cold or very hot in summer, and he loses time turning on the heating or air conditioning, like the lights in his apartment. A friend told him about IONChain and his protocol. Michel inquired on his own and realized that from his mobile phone could turn on the heating or air conditioning from his office, as well as lights and other appliances in your home. Michel was amazed that through a Dapp he could control all his devices from his office and schedule it so that when he got home he would be welcoming and would also receive the IONC token as a reward and incentive for belonging to the IONChain ecosystem.

Final Considerations

• IONChain revolutionizes the IoT system by combining the best of blockchain and Edge Computing.
• IONChain with its IONIZATION algorithm universalizes the standardization of intelligent devices.
• IONChain is shaping up with its protocol to be a catalyst for massive adoption of the blockchain and IoT.
• IONChain gives incentives and rewards to companies, industries and users to use their protocol through their IONC token.
• IONchain by separating the verification and the transfer of value makes the processes can be performed with exceptional speed and security.

For all these reasons IONChain revolutionizes the IoT technology and the blockchain.