IONChain: A Blockchain Backbone for the IoT (Internet of Things)

j3cesar (58)in #blockchain • 6 years ago (edited)

Introduction

In recent years, many have been the innovations that have been presented in the world of crypto currencies, we have seen from intelligent contracts to establish agreements between parties, systems for banking use and projects to use blockchain technology for entertainment and fun, but as more projects arise many people discover all the hidden potential that this technology has.

For a long time people prioritize the comfort and personal benefit that brings the technology era, which is why they seek to make improvements in their homes to help with daily tasks and recreation. This is how the idea arises in a group of people to create a system called the internet of things. where intelligent devices interact with people to help improve their lifestyles and simplify daily tasks with the help of the blockchain.

This idea gained strength among a community of enthusiasts who joined their ideas to shape the project known as [Ionchain] (https://www.ionchain.org/), which aims to revolutionize the use of smart devices as we know it now.

About the beam Project Ionchain

The world is changing and a new era is about to present itself to us through the use of the internet of things, but there is a problem. Many of the systems that exist today are centralized, so they are vulnerable to attack by hackers, which can compromise our personal information, in addition to the fact that operations in the current block chains are often slow due to the large volume of data with which it operates and the communication protocol between different computers is incompatible in many cases. Ionchain aims to revolutionize this world of the IOT with the implementation of its blockchain technology by offering a high-performance transactional system of great scalability and with a very robust security.

With the slogan a device, a coin, a code Ionchain aims to establish a system where a unique code is assigned to each device connected to the IONChain network, thus establishing the IoT device as a physical miner to establish simple operations, which generate rewards through the native currency of the network known as IONC.

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Funcionamiento de la red Ionchain

Ionchain works thanks to a complex system where perimeter computing takes the interplanetary file system to store data. The security of the system depends on its ability to use the distributed architecture to combat the risks generated when we have a centralized storage, which is vulnerable to attack by hackers.

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The nodes will be endowed with an id, which is unique to each of them, this will allow each of the devices of IoT connected to the network can generate rewards, as they would act as physical miners, thus promoting the use and implementation by large, medium and small enterprises. The processing of information will be shared because for more complex operations would not be the IoT team in charge of carrying out, since it would use a processing of information in the cloud, because it would be necessary to use more resources.

The consensus mechanism used will be mixed since PoW / PoS will be applied simultaneously in order to guarantee a high scalability and an improvement in the processing of the transactions.

IONC token

The coins will be generated through an incentive system by which the IoT teams will act as miners, thus rewarding their holders with IONC which is Ionchain's token.

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Use case

Bill has always been fascinated by how interesting is the internet of things and how it can help improve your life, generating comfort, well-being and an income. That's why he embarks on this great journey by the hand of ionchain, which offers a totally safe, reliable and with a fully standardized communication protocol that allows interconnection without any problem of their IoT devices. He has used these advantages to generate economic benefits by interconnecting the intelligent lock of his pool fence in order to rent it for events and receive compensation at IONC, for the time of use as established in the contract. Now he can relax in your home to the rhythm of the soft music that is usually turned on when you turn on the light in your room, all thanks to ionchain technology.

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My video presentation

Conclusion

IONChain offers a totally new technology that aims to improve our lifestyle and allow the interconnection of our devices with a unique protocol of communication and high scalability, using a mixed operating method (POW and POS) to obtain greater security and generate blocks of transactions with smaller sizes, which generate rewards in IONC to users and serve as an incentive to attract potential investors to join the project.

Additionally, users can generate personal benefits by interconnecting their equipment to perform tasks that improve their lifestyle, or generate intelligent contracts whose rewards can be obtained in IONC, all in a robust, reliable and secure system.