IONChain: Optimizing the Internet of things

gamaliel (31)in #blockchain • 5 years ago (edited)

IONChain: Optimizing the Internet of things.

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The Problem

With the emergence of the Internet the entire technological world has evolved by leaps and bounds. Everyone wanted to be connected, and so it was, it was within everyone's reach to be able to connect and interact with other people at the other end of the planet.

Then not only were people wanted to be connected to each other, but also their everyday technological devices. Thus appeared the term Internet of things (IoT). All connected with everyone and everything.

This was very good for the humanity, nevertheless, soon it was seen that the IoT was short, the infrastructure and systems to connect everything was not enough.

Now with the appearance of the Blockchain and its decentralized characteristics, they can contribute to optimize the Internet of things. And to be able to really be connected with everyone and everything.

IONChain comes to optimize the Internet of things

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What is IONChain ?

IONChain comes to bring the benefits of the blockchain to the Internet of things. It is a platform that can handle in a secure and decentralized way the large amount of data that is handled when connecting all things in a network.

IONChain knows that the future society society wants and needs to be more connected and interactive between its users and its devices, therefore it is determined to improve the Internet of things, creating a robust platform that can support the high standards of security, connection and data traffic.

Benefits of IONChain

Data trading markets
Make the shared economy a reality.
Privacy & Security
Improved architecture

"One device, one currency, one code"

The Vision of IONChain is that each device that interacts with users and of course belongs to the network, becomes a mining team that generates not only money to its owner, but to contribute its potential to strengthen the network.

This happens when identifying each device, and its workload in the network, resulting in a reward for its contribution to the platform.

IONC

It is created as a way to reward the work in the network of each device, coming out as a result of a Proof of Stake algorithm. Establishing a consensus system of how to reward each device in the network. However, if some form of fraud is observed, sanctions are established for those who are discovered in this activity.

How does it work?

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Technical aspects

"Value creation will be split into four different layers: Generation, Verification, Evaluation and Confirmation.

Value generation encompasses IONChain Connected IoT devices and Edge Computing centers near the device. All devices will have a standardized IONChain protocol and a unique IONChain identification code, in which the device manufacturer information, device identification, and other related information are included. The information is stored in the device and encrypted with zero knowledge proof algorithm. The IoT devices can be used as a mining machine, and the information from it can produce IONC coins after certain algorithm verification. All the IoT devices embedded in IONChain communicate via a customized IMQTT protocol by IONChain. The MQTT protocol was initially developed by IBM for communication between IoT devices; However, it does not include the value transfer layer. IONChain adds the function of value transfer on top of MQTT protocol, creating the IMQTT protocol. With the use of IMQTT protocol, IoT devices can not only exchange data but also realize value transference".
Source

Source

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Conclusion

IONChain does not detract from the Internet of things, understands that it is necessary that people and things are always connected to the cloud, so it takes all the potential and the benefits of the blockchain to incorporate them into the IoT.

This results in the vulnerability of connectivity, security and data traffic being solved, thanks to a platform that gives each device an individual identity and at the same time the possibility of being part of the whole and of all.

IONChain really comes to optimize the Internet of things. Generating a system of reward and consensus where each person can contribute and benefit from the network and the cloud, by interacting with their everyday devices.

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