IONChain: The new and revolutionary internet

1-Introduction: The internet of things and its current problem.

2-What is IONChain and what does it offer?

3- Some benefits and characteristics of IONChain.

4- The vision of IONChain and how it plans to achieve its objectives.

5- "IONChain Value Generation

6- Detail token.

7- Glossary, a deeper look at the technologies used by IONChain.

8- IONChain team

9- Roadmap.

10- My conclusion about the platform.

11- My video presentation.

12- Links with more information.

1-Introduction: The internet of things and its current problem.

The potential of electronic and even more computing devices is, as we all know, immense. And so also its waste. That is why it is largely there, in "potential", and not so much in its applied use. If we think about all the computing power of cell phones, smart televisions, smart refrigerators, etc. We see that there is much to be done, a lot to take advantage of. The union of all these devices could be considered a super brain, a super computer if the amount of these joined with one (or several) common purpose. This network of computing power, well used and at the service of people could be extremely useful, your chances would be enough.

Who has at their disposal a super computer capable of processing medical data very complex that would be invaluable to medical researchers?

The downside is that this is not available, the internet of things is the product, service and tool that arises from the union of these smart devices, but as already mentioned, is in process and somewhat far from becoming part of our daily life.

Today, the Internet has many problems such as data security, restricted access to many poor people in the world, difficulty in sharing data, servers are centralized targets for attacks and fraud and many more problems.

By 2020 there will be more than 50,000 million devices connected to networks, from sensors, cameras, appliances, cars, homes, wearables, to smartphones, with the ability to communicate and send data, according to Cisco Internet Business Solutions Group estimates ( IBSG).

All this sounds, and in fact it is, very promising, but how to accelerate the process and direct it to a future where we all see ourselves benefited? This is where IONChain comes from!

2-What is IONChain and what does it offer?

IONChain is a backbone for the IoT, which means it is an internet apart from the classic internet, created by smart devices that can go from a toaster to an air conditioner, and also with the great advantage of operating in a blockchain, that in addition to being a decentralized internet is extremely safe.

The platform, founded in Singapore at the beginning of 2018, did not have to generate an ICO due to the great interest of private investment funds, including the well-known blockchain investment fund LD Capital, Node Capital, Capital Hashlink, IBC Blockchain Capital. One of its biggest partners is Blockchain Brother, one of the first forums dedicated to blockchain programming in China.

IONChain will make intelligent devices synchronize with each other, creating a super ecosystem that will allow them to implement the vision of this non-profit organization: "A device, a currency, a code".

3- Some benefits and characteristics of IONChain.

- Greater commercial agility with adequate tools.

-Developers can create applications quickly.

-With privacy control when analyzing confidential data locally instead of sending it to the cloud for analysis.

-The IT team can manage in depth the things and devices that generate the data.

- Lower operating expenses by conserving the bandwidth of the network and processing specific data locally, instead of sending them to the cloud for analysis.

-allow the creation of dAPP, intelligent contracts and facilitate the transfer of data

-The interconnection of all appliances in your home, causing one to cancel another in case of finding a flaw. If you leave the house and do not remember if you turned off a stove or if you left the iron on, you can verify all this via your cell phone.

In addition there are all kinds of amenities such as the lights of the house or devices that produce noise turn off when you enter your room to sleep.

4- The vision of IONChain and how it plans to achieve its objectives.

The vision of the platform is to partner with global manufacturers and physically integrate all smart devices with each other, making them standardized and safe, eliminating the barrier that prevents an intercommunication between all these devices that are in your home, literally creating a smart home. And all thanks to the algorithm of IONChain that will also allow each device to be a miner, being able to accurately calculate the contribution of each of these to the network, in order to give a remuneration in the Token of the company called IONC.

All this is possible by the blockchain technologies, where the internet of things will work, which is obviously decentralized, and powered by Edge Computing. We will go deeper into this topic below.

Another great technology used by IONChain is the IPFS (InterPlanetary File System), which solves the problem found in the size of the blocks, which when larger, the transfer is slower. The integration of IPFS to separate storage and transaction, can overcome the contradiction between the size of the data block and the speed of the transaction.

The ionization algorithm separates the creation of value and the transfer of value. The data can be created and processed locally in smart devices, and then connected to the blockchain network composed of all the devices that work together, providing great data fluidity.

5- “IONChain Value Generation

The value generation process can be divided into four major categories:

a-Value Generation:

All information is processed and stored in each individual smart device. The data is converted into a standard format and that data is passed on to value verification.

b- Value Verification:

This is the part that we are all familiar with as blockchain. The data is processed through a PoW/PoS combination consensus mechanism unique toIONChain.

c-Value Evaluation:

This is where data is authenticated and protected from double spend attacks.

d-Value Confirmation:

The data is confirmed, and IONC is generated!

IONChain Value Transfer

The value generation process can be divided into six layers:

Application Layer

Service Layer

Protocol Layer

Smart Contract Layer

Blockchain Layer

Data Storage Layer”

6- DETAIL TOKEN

Token name: ionchain token

Code: IONC

Foundation: Ethereum -> ionchain

Total supply: 1 000 000 000

Softcap: NO SOFTCAP

Hardcap: 1600 ETH

Payment accepted: ETH

Price: 1 ETH = 125 000 IONC

Minimum investment: 0.1 ETH

Maximum investment: 1.6 ETH

7- Glossary, a deeper look at the technologies used by IONChain.

a) Internet of things:

The internet of things is a concept that refers to a digital interconnection of everyday objects with the internet. Alternatively, the internet of things is the internet connection with more things or objects than with people.

b) Definition of Computation in the Edge

Edge Computing is about bringing the production, data and processing solutions needed to obtain valuable information for making decisions and actions in real time, as well as giving greater support to new technologies.

c) Backbone:

The word backbone (backbone) refers to the main Internet backbone connections. They are composed of a large number of interconnected commercial, governmental, university and other high capacity routers that carry the data through countries, continents and oceans of the world through fiber optic cables.

d) Blockchain:

It is a software invented in 1991 for the exchange of information in a decentralized, ultra secure and encrypted way, and its most popular function are the famous cryptocurrencies such as bitcoin.

d) IPFS (InterPlanetary File System).

IPFS is a distributed point-to-point file system that seeks to connect all computing devices with the same file system. In a way, IPFS is similar to the World Wide Web, but IPFS could be seen as a single swarm of BitTorrent, exchanging objects within a Git repository. In other words, IPFS provides a high-performance block storage model and targeted content, with hyperlinks to the content.

8- IONChain team

9- ROADMAP:

March 2018

Starting from the development of Ion Chain.

May 2018

Token Distribution.

June 2018

Development

August 2018

Team expansion

October 2018

Testnet 0.1.

December 2018

Smart Contract 0.1.

January 2019

Testnet 1.0 and 1.0n Smart Contract.

May 2019

Further Team Expansion.

June 2019

Company / legal establishment.

Octorber 2019

Ion Chain Mainnet 1.0.

December 2019

Ion Chain Core 1.0.

10- My conclusion about the platform:

We are witnessing the birth of a new internet, which will not become obsolete to the current one, but will be combined with it and will give us a potential never before possessed by humanity. All aspects of our life will be improved thanks to IONChain. It is a great fortune to have known about this subject thanks to Originalworks and also to be able to tell my acquaintances about it.

Undoubtedly it is a platform in which I will invest money because it has an incredible future ahead.

11- My video presentation.

12- Links with more information.

Link to the contest

ionchain2018