Source of image taken from IONChain's website and modified with PowerPoint

Introduction

Since the advent of the Internet this has evolved very quickly and today we can connect our phones, printers, GPS and any other electronic device that has this function, but this is the beginning of a new era that has been going on for a few years now. is developing, the Internet of Things (IoT).

The Internet of Things is a commitment to the future and is a network that will allow a large number of objects and devices to be hosted on the Internet. Anything we can imagine can be connected to the network, such as devices, suitcases, televisions, locks, etc. This technology is being developed to make life easier and safer in all areas, however, it does not have an adequate infrastructure to expand its range of applications.

Theblockchain technology will provide the IoT with the infrastructure it needs to develop and is collaborating to help solve the problems it faces in terms of data security, dataflow, exchange and data transactions. IONChain created a blockchain network that will solve the mentioned problems improving the efficiency of the entire IoT ecosystem.
What is IONChain?

It is a non-profit foundation founded in Singapore in 2018 and whose name has its origin in the theory of the ionization of the Arrhenius physical, where IONChainson the ions that hold together the molecules that represent all the devices in the IoT network.

IONChaines a blockchain network that will unify the communication parameters of all IoT network devices, standardizing their operation so they can work together within the IONChain ecosystem, and implement their vision "One Device, One Coin, One Code".

What is IONChain?

Source of image taken from IONChain's website

How IONChain will help IoT

As we mentioned earlier, IONChain will facilitate the development of IoT to be scalable and reach a massive number of people. It is expected that the number of devices with IoT software will grow to 30 billion by 2020 and the IoT infrastructure should be able to provide a service that satisfies its users and provide a rapid response in terms of network speed.

Another factor that worries users is the security and protection of their privacy, the IoT network will store a large amount of personal and important information that for individuals or companies is a need to keep private, users currently do not They have control over the data they send to the system. Information networks do not have a completely secure infrastructure, so they are the object of attacks by hackers.

Source: IONChain WhitePaper, Page 11

IONChain offers a decentralized solution to this problem, increases security since access to data is restricted and users only have access to them with their private space. The integration capacity of the devices that act as nodes in the IONChain network has encryption protocols and act as a team to protect the system from manipulations.

At IONChain users can design their smart contracts to automate their data exchange agreements, allowing the transfer of value through the IOT network without the need of intermediaries or trusted third parties.

It is also important to mention that the real-time response capacity of networks does not offer real-time response capability, which for some companies is an obstacle. IONChain solves this transaction speed problem for large volumes of data using an IPFS (inter planetary file systems), whose function is to store data on multiple devices in the IoT network.

Characteristics of IONChain

The main feature of IONChain is its Ionization algorithm, each device in the IoT network is a mining machine and can receive rewards depending on the functions they perform, data volume, time, space. The ionization algorithm separates the creation of value and the transfer of value, the data can be created and processed in devices and then connected to IONChain composed of all devices.

IONChain uses Edge Computing technology to help develop the IoT network, process data near the edge of your network instead of in a centralized data processing warehouse, devices process the data instead of sending it to a data center process.

Case of use

Paul has a small restaurant and he must arrive very early to open his business and prepare meals, but since he must take the children to school many times he is late to open his restaurant and that is causing him losses in his business, a friend he talks about IONChain and Paul decides to start using his protocol. In a short time Paul sees how his life begins to improve to be able to program before leaving home to turn on: the coffee maker, the kitchen oven, open the lock of your business if it is late and your employees can go to work , heating or air conditioning, among other appliances. Paul not only thanks to IONChain is facilitated his work, but generates additional income just by using his Dapp on his cell extracts IONC.