Introduction:
Ironically there was a defect that lacked in the company i was,as a worker,there was many barrel that lead to deficiencies that was not disclosed to all the staff there,precisely this issues of networking and telecommunications which involve data security which included data circulating, data sharing and data transaction but here is a resolution"ionchain has a blockchain".
At the year 13th five-year National informatization by the state council of chian ,which bring about internet value,this value was lathering collaborating with this strong technologys has this technologies in different fields to progressively expanded the Application rate,the internet extension of networking, this was shown inevitable that LoT will eventually be merged with blockchain.
Essentially, considering the security aspect involving with massive amounts of data potentially being collected by loT divided in the future,but at along with the Emergence of cryptocurrencies.
The problems of the day discussion
IonchaiinteLackect of possible public chain are optimistical to end or find a solution of a wide range of current problem of Lot network interms of data security,data sharing and data transactions.
This enhancing the efficiency of the whole loT ecosystem,this platform ionchain brought the idea of "one Device,one coin,one code" which access the ideas of meducing process,that integrating of loT devices with himself ,"ionchain blockchain networks.
Recently when i started gaming i uselessly imagines and dreamt of gaming platform that word allow valuing and operating communities and set of decision making tools to come,i really anticipated in emerging but with ionchain by my side,this can enable has the subject of mining rewards.
Owning ionchain network that can enable one data source always reliable and verifiable to the lonchain Network,this has a tools of securing of data transfers and quatified this fastness in it.
This is a brief history of lonchain in 1887,the famous Swedish physicist "Arhenius" proposed this theory of Ionization," this theory is all about the interaction of molecules,atoms which enhances fundamental particles in the formation of a substances, the decentralized P2P communications among all the devices has tells about lonization of integral element of an atom,and without it the atom would not be what it is making Lot 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 ear,this what brought about the name lonchain.
The development an weak points of ionchain "internet".It has being important for the new generation of information Technology and is also has a key component,the indicpensable stages has developed Era of information.
The concert of smart devices we used,will connected to others"this means we have reaches the stage of internet development, lot network has been applied for widely in the integration of network though intellisense,identification technology percetive communication and also pervasive computing, it was being hold has a multi_task platform loT which waves third global information technology after computers and internet,for the aspects of possible internet applications,Lot is vastly expand the rate of the range,we can said that application innovation is the core and the user experience has a soul of loT development.
Figure1:IoT ndustry development trend in next five years
#Business Model for the established industry of loT:
Emerging,inevitably has bought the business model that was well has information industry revolution, there is no clarification model such as any case of loT.
#Lack of data Security and privacy:
The emerging of internet technology has brought threats of serious of Data security and privacy protection,loT devices are gathering data of both business and individuals ,it is possible to use this data to tray the activity of businesses and individuals which Raises concern among many people,especially that the majority of loT data is stored in the hand of only a handful companies from the top of the single users is capable to control the data Helps provides to the system.
#Lack of Interoperability between platfoems:
This is an age o new chapter of formation in the act o holding to take the lead .therefore the centralization of loT data creates barriers for,data sharing and circulation bring companies in almost all the nearly industry have rushed to stake their clains on the new market frontter of IoT big Data.
#The shackles of Cloud Computing Architecture:
A early years the capability of network band width has increase has been powered exponentially, at the industry cloud computing is now mainstream in loT.The speedility of loT network is bases on cloud tend to see delay of up to several hunderd mill-seconds from perception to executing which is too slow a response to the control end.
The used of edge computing Distruption of the traditional loT in industry:
The network can be integrate by Edge computing technology had a platform bybone using data,that purpose of intelligence application,real time operation,can bring a solution to loT sector problems historically data of the Edge layer,clouding compitting has help to access data processing.
Figure2:Reference architecture 2.0 of edge computing.
Figure3:Application of IOnchain scenarios.
#USE CASES:
#The relationship between Ionchain loT has an application of perpetual scenarios :
The indispensable ecosystems of now and future lead to the ability of Ionchain adaption to whatever field an LoT network can over an lonchain.
Figure 4:Ionchain system Architecture
The security,Exchange and circulation of loT data has smart contact facilitates sharing economy,read more on white papper page 15 to 17.
•The idea of Data security and privacy protection.
•Exchange and circulation of loT data .
•Smart contract facilitates sharing economy.
Technology In Ionchain
•This talk about Development:
That is not being completed,it is possible to fully anticpate the challenges Associated with ensuring the Ionchain is ,which able to incorporate The components.
•Key man risk:
The current developers are less than 40 therefore expansion of the team will be a priority for Ionchain.
•Reliance on internet infrastructure:
This help to operate the Ionchain relies on the performance and reliability of the internet infrastructure of the market.
•Errors in source code;
It may contain certain flaws,errors,defects and bugs,which may Disable Ionchain in its operations. Despite of any fact,security audits and peer view,nobody can guarantee that the code used by both Ionchain foundation is error free and Ionchain does not represent the same.
Figure5:pie chart to illustrate different token percentage.
•Loss of private key:
It is necessary for accessing blockchain assets,destoring or lost of private key base on this fact,access will be permanently unrecoverable. Ionchain foundation or a participant could result in the loss of Ionic or the loss of private key.
•Compromised conversion process:
This dead more about transferred from ERC20 to the main chain of Ionchain which ERC20 can be compromise but hack or the mechanism.
Volatile nature of Crypto currency:
This is more about analysising of flat currency of each market and company operations, Ionchian foundation on most operate,has dropped in values of funds which broigh a huge result.
•Liquidity of Ionc;
Ionchain foundation has played a big role in liquidity of ionic by the ground of trading of the ionc is not a responsible or a subject of Ionchain foundation.
Figure6:Road map
CONCLUSION
The aims of Ionchain is to solve a wide range of the current problems of IoT networks internets of data security,Data circulation, Data transactions,thus enhancing the efficiency of the whole IoT ecosystem.
#Core Team members:
More Information & Resources:
IONChain Website
IONChain Bitcointalk Explanation
IONChain WhitePaper
IONChain YouTube
IONChain Twitter
IONChain Medium
IONChain LinkedIn
IONChain GitHub
IONChain Steemit
IONChain Telegram
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