We live in a privileged time in which for many thinkers technology has doubled the capacity of the human being to unimaginable ranges, according to experts has been achieved many more human, economic and technological advances in the first 10 years of the so-called Information Age than in the 100 years of the last century, with this an incredible amount of entrepreneurs has emerged trying to redefine (or rather define) the future of society. This wave of geniuses is where this marvel of concept comes from: The internet of things.

For some time now until today the concept of the Internet of things has excited and altered me, as a technology like this, with the idea of making many more transactions than all humanity would do can work? this question has kept me hooked to the concept that, although it has had a slow start, is already beginning to awaken slowly in the market and thus companies seeking to exploit their potential to the fullest.

Quick definition for those who are not familiar with the concept of the Internet of things: ** is basically a thought that refers to the interconnection of everyday objects using the Internet. For example, if books, thermostats, refrigerators, packages, lamps, first aid kits, automotive parts, among others, were connected to the Internet and equipped with identification devices, there would not exist, in theory, items out of stock or expired medicines; we would know exactly the location, how they are consumed in the world; the loss would be a thing of the past, and we would know what is on and what is off at all times.

With this in mind..

What is IONChain: A Blockchain Backbone for the IoT

One device, One code, One coin

IONChain is a nonprofit foundation created in early 2018 that is responsible for building an entire ecosystem around the Internet market of things, teaching about this niche and focusing on understanding the perfect IoT blockchain while developing its Ionic-chain that can solve some security problems and transactions.

The IONChain Foundation will watch over the research and improvement of its ionic-chain technology as well as establish the first rules for the objects that possess this technology, allowing to standardize all these and so many more objects can be connected to each other without the need for human interference, thus achieving a legitimate decentralized environment.

This manual of basic rules is designed so that the ionic-chains have a step to independent operations without human interference after establishing a feedback circle that allows them to operate in a fully decentralized manner.

Functions of the IONChain Foundation

• Facilitate access and information to IoT technology, both for developers and users.

• To develop the IONChain technology in the best possible way taking into account that it should encode from 50 to 100 billion objects and follow the movement of these. It is calculated that every human being is surrounded, at least, by a total of approximately 1000 to 5000 objects.

• To integrate the first commands or rules of the network so that the objects calculate and the development of a community where one can vote for the calculations of value of the devices.

• take care of the development of Dapps

• Build relationships with future investors and developers

• Breaking down barriers and establishing a standard of codes and instructions where all objects can interact in the most efficient way possible

Origin of IONChain

In 1887, the famous Swedish physicist, Arrhenius, proposed his theory of ionization, which posits that similar to molecules and atoms, ions are also a fundamental particle in the formation of substances. IONChain is so named because the IONChain will act as the underlying link between all the IoT devices to support the decentralized P2P communications among all the devices ,much like the ion is an integral element of the atom, and without it the atom would not be what it is.Making IoT devices able to exchange value between each other automatically with the use of smart contracts is going to create innumerable application scenarios for the whole industry, pushing it into a new era.

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The development and weak points of the Internet of Things

IoT network is the key component of a new generation of Information Technology and it is also the indispensable stage of development in the Information Era. IoT stands for Internet of Things, and it means that when we reach this stage of Internet development, smart devices we use will be connected with each other. IoT network is applied widely in the integration of network through Intelligense, Identification technology, Pervasive computing and other perceptive telecommunication technologies. Therefore, IoT is also named as the 3rd wave of global information technology after computers and Internet. IoT is vastly expanding the range of possible Internet applications. Therefore, we can say that application innovation is the core, and user experience is the soul of IoT development.

According to the statistics of IDC, and international data company based in USA, in 2015 the
overall investment in global IoT market was 736.9 Billion dollars and it is predicted that this number will increase up to 1289.9 Billion dollars by 2020. This means that the average annual growth rate of the industry is 15.02%. The number of IoT devices carrying IoT software and transmitting data have reached 14.866 billion in 2015, and it is predicted to grow up to 30 billion by 2020.

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technical architecture

• ### IONChain Value Generation Process

• Value generation

Value generationencompasses IoT devices and Edge Computing Centers near the device, in which the IoT device means all kinds of devices connected to IONChain. All of them have default on the IONChain consensus protocol and have the IONChain identification code, in which the device manufacturer information, device identification, and other related information are included. All the information is stored in the deviceencrypted with zero knowledge proof algorithm.

Each of the IoT devices can beusedas 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 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 IMQTT protocol. With the use of IMQTT protocol, IoT devices can not only exchange data, but also realize value transfer

• Value verification

Thevalue verification is similar to the consensus algorithm in other blockchains. The relevant parties interested in the data provided by an IoT device are required to cooperatively complete the value verification. Upon completion, the value will be transferred to the next layer for evaluation. If the verification fails, the created value is returned as invalid.

• Value evaluation

The value evaluation layer is the second tier of value verification. In this step, the verification of the authenticity of the value is completed. This process is jointly completed by the relevant parties. This layer of protection was set up in order to make sure that the IONChain system is able to counter malicious attacks such as double spending.

• Value confirmation

The value confirmation function is to package the verified value, and then pass on the packaged information to the value transfer part, so that the value created by the IoT device is officially present in the IONChain ecostystem in the form of a digital currency.

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Application layer

Application layer is the user interface layer of the IONChain. It provides REST API interfaces based on the HTTP protocol. The devices can request access to IONChain through this layer. IONChain interface provides anti-counterfeit verification function of both the IoT devices and the vendors. The application layer of the IONChain adopts the plug-in function to make it more convenient to connect new businesses. At the initial stage of the system development, the system will include the following built-in services: Data validation,Data Query, Vendor
Query, Device Registration, Wallet Query.

Roadmap

More Information & Resources:

IONChain Website
IONChain Bitcointalk Explanation
IONChain WhitePaper
IONChain YouTube
IONChain Twitter
IONChain Medium
IONChain LinkedIn
IONChain GitHub
IONChain Steemit
IONChain Telegram

ionchain2018

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Puedes ver el artículo original de esta redacción en nuestra página web: https://steemithispano.online/index.php/2018/11/06/unleashing-the-power-of-the-internet-of-things-ionchain/

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