IONChain- Addressing the loopholes in IoT.

ememevans (38)in #cryptocurrency • 6 years ago (edited)

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Introduction

Technology has evolved massively in recent years, taking different forms and shapes, however the world has benefitted immensely from the innovations that results from technological advancements.
One of such advancement is the Internet of things.
Internet of things refers to devices that are intertwined and recognisable through digital Network. This allows machines and devices to interact with one another and function automatically in default manner.
Smart Home products like Google Home has enabled the incorporation of IoT to everyday life, anyone with access to this technology can control all devices in his house via a command on his phone or voice prompt. This means you no longer have to bother on your way to work if you switched the thermostat off.

Problem

One of the main qualities of IoT is generation of enormous data. IoT fosters the interaction of machines to churn out reliable and genuine data. However, Despite the consistency of IoT since its inception 20years ago, alot of problems have remained unsolved despite promises for experts to address these problems.
These problems are:

Lack of establishment of business models
Absence of data security and Privacy protection
Absence of coexistence of device interconnected as a single unit and can communicate with one another
incapability of cloud computing architecture

The Solution: IonChain

IONChain is a decentralized peer-to-peer hybrid solution of IoT problems, that incorporates blockchain technology and IoT. IONChain acts as fundamental link between all the IoT devices and helps with the decentralized pair to pair connection within all devices.

IONChain fosters the automatic interchange of value between interoperable devices using smart contracts. The adaptability of IONChain into any field covered by the IoT can become the requisite needed in the IoT ecosystem especially in the nearest future.

EMPLOYING MODEL OF IONChain

IONChain employs decentralized storage process and herbinger to IoT security and Privacy, helping the security from receiving external attacks and continue to exist without disaster. IONChain interrupt the control of external centralized nodes by encouraging the flexibility of data stored nodes with password to make the users have complete control of data and ensure security.
Data processing and usage of the internet by user is converted by the IONChain to develop the value and strengthen the velocity of data exchange. IONChain helps data trading automated using smart contracts and improving the productivity of it's users thereby solved cross-regional problems and discard technical barriers at cheaper cost
Data Exchange can be done through IONChain network. Data purchasers get data using IoT network by uploading data on IONChain. This data can be shared using a device to publish it on IONChain.
Transaction operations can be supported through IONChain by allowing IoT interchange value using smart contracts. Transaction takes place within the system relying on IONChain, making the transaction fees free while individuals,banks or third party are not associated with the transactions.
using private cloud as data storage centre can be difficult to manage. The Iot application becomes apparent as data operation require use and so response to timeout may occur frequently thereby limiting the efficiency. The edge computing technology used by the IONChain helps improve data efficiency and by using computing power of the network nodes through decentralized blockchain technology. These computing power will aid significant improvements in the system.

Use case

Sandra loves cryptocurrency and so she loves checking different crypto assets.However her small phone has no private security so her activities are privately uploaded in the background. These activities are given to the advertising agency to use for commercialization. IONChain helps user protect and secure data in a flexible form and encrypting with nodes in to allow user have absolutely control over data.

Technical Architecture

The future of IoT network technical architecture lies in the hands of the IONChain. IONIZATION agorithm created will aid accuracy and precision of data volume, time, space, functions, e.t.c.
The two separate important functions of blockchain-value creation and transfer. However, this algorithm is separated to meet the requirement of the IONChain ecosystem.
The value creation is required to create value for the different IoT devices in the IONChain network.
Value transfer is required to transfer value in the IONChain system. The exchange of value can be transferred easily in the IONChain ecosystem.

VALUE GENERALIZATION PROCESS

Value creation comprises of devices and edge computing centers connected to the IONChain. The difficulty in calculating the value created by IoT devices has led to the creation of IMQTT protocol. IMQTT protocol helps the IoT devices to exchange data and achieve value transfer

Value Verification: When the value generated is calculated it moves to the verification stage where important parties involved in the data given by IoT devices are expected to collectively value verification. When this is completed the value will be moved to the next stage but if the verification is void the created value is rendered invalid
Value Evaluation: when value is verified get evaluated by the important parties involved collectively to ensure that the IONChain system can oppose dubious attempt.
Value Confirmation: the verification value confirmed is sent to the arrange information in order to create a presence in the IONChain ecosystem.