IONChain - A revolutionary IoT Blockchain based Infrastructure!

praditya (62)in #contest • 5 years ago (edited)

With the evolution of Humans and their minds came many technologies which changes the world in each and every aspect during the passage of time. We are bond to technologies and human made helps that have been included in our lifestyle.

Here, I am introducing a new technology named IONChain and lets go through about in this article,

(Image source- https://www.ionchain.org/)

Talking about advancement in technologies, it isn't a new thing to discuss as we all are aware of what have technologies made possible for us which one can't do manually. Internet has become that important part of life which can hardly be segregated from us, I guess most of you all must agree on this point. but as we all know with commencement of something new comes something difficult and hard to tackle, like certain issues, which are resolved with the invention of much newer technologies, and so on.
Basically why technologies are made?
Just to make life easier! Internet of Things(IoT) has a crucial role here. As I told earlier that it has become an inseparable part of life because of its vast indulgence in day to day life. Now a days many electronic devices are being connected to internet to give variety of services. This is an brilliant example of advancement in technologies as well as dependence on technologies.
Earlier being able to only regulate devices with help of certain button manually, but now due to advancement the smart devices could be connected to IoT and may regulate on their own sensing their need around. But being widely connected to internet brings up several issues which were hard to resolve, But not now! With the introduction of IONChain, we have a big solution and much more, let's learn about this technology a bit-

Focusing on persisting issues

Within past Decade IoT has evolved and developed, which has bough much advancement but much more issues which is bit restricting its wider and safe usage, Let me bring up the persisting issues-

Business model for the IoT industry still not established
Lack of data security and privacy protection
Lack of interoperability between platforms
The shackles of cloud computing architecture

If I talk in general language, it has a slow procedure, lacks stronger privacy, no proper business model has been established when it comes to giving value and establishing proper monetization strategies to both data generation and data storing activities, but In order to resolve such problems comes IONChain-

Here comes to the rescue, IONChain!

Above mentioned problems are general these days which have been easily solved by IONChain,

(Image source- https://www.ionchain.org/)
"IONChain is a Proof of Stake based Internet of Things (IoT) ecosystem that will allow for the creation of dAPPs, smart contracts and facilitate data transference. All of this will happen within the IONChain ecosystem and will help enhance the IoT network. Blockchain technology and Internet of Things applications will inevitably come together in the future due to the vast amount of data that needs to be circulated, transferred and secured. We believe IONChain will be able to create this desperately needed ecosystem in a way that the data is not centrally controlled but in a rather decentralized manner. The coin IONC will be used to facilitate this trade in data and other applications within the network."

With the usage of Edge computing and Fog Computing, IONChain tends to revolutionize entire technology.

(Image source- https://www.ionchain.org/)
This will also help in making multitude of innovative business models as Trading of data is made up easy between humans and machine. which will definitely widens up the horizons of new opportunities.

Architecture of IONChain(Monitizing the data)

From the word architecture, donot bring concrete bricks buildings! but the the way something is build up also signifies the word Architecture, Being an Architect myself I feel that many people restrict this world to substantial things, unless understanding its wide spread meaning! Okay, driving ourselves back to the topic! Its understood that something build up to ease out such problems must have been built upon certain amazing techniques and values.
First of all learning about the TEAM is must, the minds behind such innovation must have been experienced, which is true as " team of developers have worked on projects such as Hyperledger and diverse Blockchain-as-a-Service (BaaS) companies"

(Image source- https://www.ionchain.org/)

"IONChaincan adapt to whatever field anIoT network can cover andIONChainwill beanindispensablecogwithin the IoT ecosystem in the future"
Talking about the structure of IONChain, it basically is divided among two sections i.e. the value generation & the value transfer process with each section owning to certain sub sections which I will mention below, but in general the 'IONChain allows for any device inside its network to act as a “miner” of information' with which it generates certain value which could be shared, which implies that users can earn through tokens too!
Now let's briefly go through the sections and sub sections of IONChain

Value generationof IONChain
1.Value verification
2.Value evaluation
3.Value confirmation

Value transfer in IONChain
1.Application layer
2.Service layer
3.Protocol layer
4.Smart contract layer
5.Blockchainlayer
6.Data storage layer

Key Factors

A. IONChain Token hold much value and can be used as reward gaining and trading because of Ionchain being decentralized blockchain.

B. Being "One Device, One Coin, One Code”which implies that in just 1 single device that’s working with a single coin or token.
C. Every device is a mining machine!
D. Facilitating an Internet of Things Economy
E. A platform to design and automate transactions between smart devices
F. Buckling the IoT industry with Blockchain technology

Concluding this blockchain technology as the most effective solution to all the persisting problems to IoT will be justified enough!

The Roadmap

(Image source- https://www.ionchain.org/)

The Team and consultants should be recognized too!

(Image source- https://www.ionchain.org/)

Valuing the technology through its partners!

(Image source- https://www.ionchain.org/)

All the images and certain quoted text are copied from the official website of IONChain, and the links are mentioned underneath them.

Endeavor to do your own research about the subject through below mentioned links-
https://www.ionchain.org/
https://bitcointalk.org/index.php?topic=5034569.0
https://www.ionchain.org/pdfjs/web/viewer_EN.html
May also visit their social networking handles-
Official Website: http://ionchain.org/
Github: https://github.com/ionchain
Medium: https://medium.com/@IONChain