IBAX is one blockchain project with remarkable difference. As one of the core development areas of the communications industry, the Internet of Things (IoT) is gradually evolving towards a concentrated domain-focused ecosystem. The introduction of various emerging technologies has become an important means of IoT ecosystem cultivation for the communications industry. The organic integration of blockchain, the IoT, and 5G is already an indispensable and important part of it.
According to the IoT characteristics, the IBAX team proposed the following views:
① Improvement of the edge computing capabilities of the network Most of the current IoT environments are still built on a centralized distributed network architecture and edge nodes are still restricted by the capabilities of centralized core nodes. Communication networks develop toward flattening. There is a trend to enhance network access and service capabilities by improving edge computing capabilities. The communication network flattening and blockchain decentralization naturally complement each other. With the decentralization and DPoA consensus mechanism of IBAX Network, the capabilities of core IoT nodes can be decentralized and allocated to each edge node. The core node only controls the critical content or serves as a backup node, while each edge node serves the equipment within the region it covers. With more flexible collaboration models and related consensus mechanisms, an edge node can complete the authentication, accounting control, and other functions undertaken by the original core nodes to ensure the secure, reliable, and stable operation of the network. At the same time, the decentralization of computing and management capabilities can also enhance the scalability of the IoT network and support its evolution and upgrading.
② Improvement of IoT identity authentication capabilities A digital identity is a unique digital code that condenses the real identity information of users or IoT devices (with their content). It is a digital tag that can be queried, identified, and authenticated. As representative identities, digital identities play an important role in the IoT environment. Together with the digital coin application of IBAX Network, encryption technology and security algorithms can be used to protect digital identities, thereby building a more secure and convenient digital identity authentication system in the IoT environment. The same applies to blockchain-backed digital identities. A digital identity needs to be authenticated and endorsed by a certification authority.
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