He knows IONchain "Internet of Things."
Introduction
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With the premise of safety and faster daily life the blockchain has revolutionized the world, each project that has been formed seeks tirelessly to try to correct the errors of the bottlenecks that present this noble technology.
This has undoubtedly made each proposal of blockchain seek to innovate so that solutions are applied to the technological world and open the total expansion towards the future of a decentralized, safe, reliable economy that will increase our quality of life to unimaginable levels.
One of the main problems when it comes to mining, is that we do not have specialized machines that solve the chain of blocks, or cost too expensive for the average citizen to have full access to this technology.
Can you imagine that our electrical appliances can fulfill the function of a mining machine? It would be a dream come true and this is exactly what IONChain has achieved with the creation of a system where all our intelligent devices can communicate with each other thanks to a system where the communication parameters can be read in the same way.
What is IONChain?
A Blockchain Backbone for the IoT (Internet of Things)
IONChain is a non-profit foundation, founded in Singapore in early 2018. IONChain is an IoT infrastructure project that aims to solve issues such as:
data security
data circulation
data sharing
data transactions
IONChain will make the communication parameters of all devices over the IoT Network the same, regardless of device used! By standardizing the way data is interpreted, it will allow them to implement their vision - "One Device, One Coin, One Code".
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"It has a good team of private investors. Among the companies we can find are: LD Capital investment fund (了得资本), Node Capital, 回向基金, 拓扑资本, Hashlink capital, 中金汇理, 犇睿资本 and IBC Blockchain Capital. Its majority shareholder is Blockchain."
Brother, one of the first forums dedicated to the programming of block chains in China.
Initially the coin was opened based on ERC20 card the project is flying because on August 28 the development of the mainnet was finalized and its expected end was announced in an event scheduled in Shanghai city with the investors of IONChain.
IONChain is an internet ecosystem of objects where data transfer and intelligent contracts will be easier impossible. Thanks to the Proof of Stake technology it will help to improve the security of transmitted and received data.
This idea has inevitably emerged to the technology developed, as products our latest generation and intelligent equipment whose demand is the perfect excuse for generating a new platform this time decentralized so that users can have control of their data and generate a real interaction and help in the business environment or the comfort of home.
The more devices, the more automation.
The more devices, the more automation.
"All equipment under IONchain protocol can be adjusted to your lifestyle.":
The more devices IONChain generate producers, currently IONChain is allied with large manufacturers and this will undoubtedly make everything automated faster in the ecosystem, encouraging other users of products under IONChain protocol to use them through a system of rewards for the devices prepared to mine, so using more dAPPs would be generating more revenue. This as long as the data we generate is useful.
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"At the request of the dAPP, the IONC Connected devices load the data to the nearest processing node. The uploaded data is processed by the data verification and time lapse algorithms. After verification, IONC is sent to the device owner's portfolio (the devices have their unique ID by which we can identify the owner's portfolio) as a reward for the uploaded data. The data that passes verification is stored by IPFS and BigChainDB and then used by the dAPP(s)."
Objectives of IONChain
aims to solve a wide range of current IoT network problems in terms of datasecurity, data circulation, data exchange and data transactions, thus improving the efficiency of the entire IoT ecosystem.
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The layer IONChain Project
The current situation only allows the transfer of value and the creation of value within the block chain, as is the case of Bitcoin or Ethereum.
IONChain will develop an algorithm (Ionization algorithm) that will separate two basic processes from the conventional blockchain. These processes are known as value creation and value transfer. The development of these algorithms will allow IoT devices to become a mining equipment where the value generated will be conditioned according to the type and technical characteristic of the IoT device. After Ionization, the value generated by the IoT devices in the IONChain ecosystem can be combined to generate consensus algorithms perfectly compatible with a unified standard backed in IONC coins where each participant will be able to exchange the value generated freely through the transfer layer. The process of generating value in theIONChainecosystem for understanding is divided into four layers: value creation, value verification, value evaluation and value confirmation.
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the first layer comprises IoT Devices and edge computing, where they will be identified in the IONChain ecosystem and synchronized and interacting with each other using the IMQQ protocol developed by IONChain. All information identified inIONChain will be encoded with the zero knowledge test algorithm. and its you see in this layer each device will be in charge only of CREATING VALUE (STORE DATA TO BE VERIFIED THEN) using the IONIZATION algorithms of IONChain. when obtaining information of each device IONC COIN will be produced.
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IONChain will personalize edge computing to enhance the capacity of calculation, information processing and intercommunication between the IoT Devices to theIONChain ecosystem once completed the generation of value will proceed to the next layer, THE VERIFICATION Layer: where participants cooperatively use the consensus algorithm to verify the information provided by the IoT devices to the IONChain network. if the verification fails the value will not be valid. After verifying this information will be processed to the EVALUATION Layer, in this layer the information coming from the VERIFICATION layer will be authenticated by the nodes of the IONChain ecosystem whose essential objective is to allow the data not to be vulnerable to malicious attacks or to counter attacks that compromise the integrity of the data supplied in the IONChain ecosystem.
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The Confirmation layer
will be in charge of packing all the value data previously verified to the VALUE TRANSFER layer, which are encrypted and properly IDENTIFIED in digital currency in the ecocysteme of IONChain, the interconnected Iot devices will be in charge of carrying out this work.
In short, first value is stored in the IONChain ecosystem through the use of IoT, Edgen computing and blockchain devices and when you see the stored data it will be VERIFIED, EVALUATED AND CONFIRMED to be transferred to the IONChain Value transfer layer. All this is possible thanks to the development of IONCHAIN Ionization algorithms.
The IONCHAIN layer, value transfer.
The IONChain value transfer is divided into six layers. APPLICATION LAYER, SERVICE LAYER, IONChain PROTOCOL LAYER, INTELLIGENT CONTRACT LAYER, BLOCKCHAIN LAYER AND DATA STORAGE LAYER. (SEE GRAPH 3.1 IN THE WITHPAPER).
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The application layer, the interface layer for IONChain users, has API Rest ideal for developers. This layer allows IoT devices to request access to the IONChain network, the verification layer allows to corroborate information from IoT devices in order to detect forgery or misleading information. In the initial phase of the ecosystem, the following functions will be available: data validation and query, supplier query and device technical specifications.
Service layer: it is an abstraction of the internal modules of IONChain works with the GPRC protocol to interconnect several services for the moment only this availability for the internal modules of IONCHAIN.
The PROTOCOL layer unifies all the protocols elaborated by IONCHAIN in a single interface such as the consensus protocol, protocol for currency exchange, protocol for inter operability, etc. Currently it is not available for external functions so much that they discard the possibility of being a common protocol for third party applications.
the intelligent contract layer is the most important part of the IONCHAIN ecosystem and is divided into two parts; contract management and contract interface. Contract management is the module responsible for linking the function of other contracts developed by users has the function of implementation, installation, debugging and execution of intelligent contracts.
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and not only that, IONCHAIN also have a set of operations related to the ecosystem, such as coin issuance contracts that will only be valid for multiple signatures between the parties involved (nodes) and their functionality and permanence will be guaranteed through the use of the IPOS algorithm. 2) Wallet contracts where each user will have his own wallet where he will be able to deposit or freely withdraw the IONC CHAIN also has functions to create new wallets, freezing of wallets, etc. 3) LIFETIME CYCLE CONTRACT of IoT devices designed to manage relevant information on the status of the device such as its activation, annexation to the network or deletion, etc. 4) Manufacturer's management contract This contract is used to maintain the equipment manufacturer's information, which includes uploading
Information of the manufacturer in the chain, circulation of information, freezing of the device, etc. 5) Custom contract management tool
With this tool users can manage their own custom contracts and can only be viewed by accounts Authorized by the creators of the contract.
BLOCKCHAIN LAYER, this is the most important layer of the ecosystem, it is its core, the most interesting thing about this layer is that IONCHAIN has modified the classic POS algorithm, calling it New IPOS algorithm, the innovative aspect developed by IONBLOCHAIN is that it allows a better adaptability or communicability of the blockchain technology with IoT devices. The IPOS is the update of POW and POS divided in two parts the BLOCK PRODUCERS NODES and NODES that program the generation of BLOCKS.
Use case 1
David lives alone in his house, he is 65 years old and suffers from heart disease, sometimes spends days at home without going out due to tiredness if he walks a lot, periodically checked with Dr. Duke. But very recently David is premiering his new appliances under IONCHAIN protocol, among the devices is a heart monitor of the latest generation that is placed every day to provide data on your blood pressure, blood pressure and also measures the sugar and cholesterol in your blood, that data is reviewed more often by Dr. Duke and thus takes measures in the treatment that follows David. But has another device his heart clock under IONCHAIN protocol which literally saved his life 3 months ago when he suffered a heart attack and automatically sent data to a company that provides services with a drone ambulance which automatically arrived in a few minutes, the high-tech drone has stabilization equipment until the time of arrival of medical help that was warned with an emergency message that activated David's heart clock.
Use case 2 :
It is almost time for samuel to leave work, he is an engineer who is making an important construction in his city, has almost no time for anything, at home his appliances under protocol IOnchain has sent data missing milk in the refrigerator and the second batch of clothes has already been washed, to preheat the tub, these activities among other things by means of intelligent contracts facilitates the day to day to samuel. This is based on data that Samuel provided for example to the refrigerator how much milk he drinks per month, or programming the washing machine to wash some of Samuel's clothes.
Conclusions
The high demand for intelligent devices by industry and home will make this new technology tempting, after all intelligent devices will work with the internet and therefore with data, IONchain will be present to order and secure that data in intelligent contracts, the infinite advantages in terms of quality of life improvement.
Team
More information:
Telegram: @ionchainen
Wechat: IONChain
Twitter: @IONChain
This is the entry for @originalworks contest.