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In our world today the blockchain technology has advanced rapidly in recent time, data is a very key element which helps us in carrying out certain operations, without data it is nearly impossible to carryout task which are assigned to us. IONChain is aimed at bringing remedy to the current problem of IOT networks in terms of things like Data circulation, Data security, Data sharing, and Data Transaction, so as to advance the growth and strength of the IOT ecosystem.
What is IONChain?
IONChain is a project which started in shanghai and singapore with a group of team of developers who have so much experience and have worked on projects such as (BAAS)company"diverse Blockchain as a service" and hyperleger due to private investment funds the company didn't need any ICO as well as well recognized Blockchain investment fund LD capital, NODE capital, Hashlink capital etc.
The Coin came into being as an ERC20 Token, IONChain is an evidence of stake based (IOT) where smart contracts, facilitate data and DAPPS can be created as a result of well favorable ecosystem, all of this will help increase the growth and functionality if the IOT network and blockchain technology and IOT will collide together due to the amount of data that needs to be circulated, transferred and secured, IONChain is otherwise referred to as IOTA in China and it is one of the leading Blockchain for Investors and Experts, indicating the strong momentum of IONChain experts and investors are so confident in it because of its reliability, longevity, efficiency, and productivity of the of the developing team of IONChain. However it's a non-profit organization, which was founded in Singapore at the early stage of 2018, it has an IOT structure which is known as "Internet of Things" this IOT is designed to counter issues such as: Data security, Data circulation, Data sharing, and Data transaction
Brief History of IONChain
Before i go further let me just give a brief background of IONChain In 1887, there was a popular physicist who his from Sweden, known as Arrhenius. He proposed a ionization theory, which is similar to molecules and atoms, Ions can also be seen as the bedrock of particles in the formation of substances. how the name IONChain came about is because it will act as the underlying link between the IOT devices to provide help to the decentralized Peer to peer communications among all the devices, ion is a huge part of an atom.
Founder of IONChain
- The founder of IONChain is by name Terry Liu, he has 16 years of experience in consultation and system architecture
- he has over 300 employees with great technological management experience
- He had is MBA in East china Normal University
- In the University of Fudan He is a Senior Blockchain lecturer for MA courses
- He is an Expert in Designed Integration solutions for Huawei, Integrated technology, china Mobile, SAIC and so on.
IONChain Ecosystem
based on the fact that people do ask for smart gadgets in the industry and it was conceived that it was the best time to make a decentralized platform which will give room for users to control their data.
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Technical Architecture
according to wikipedia, Ionization or ionisation, is the process by which an atom or a molecule acquires a negative or positive charge by gaining or losing electrons to form ions, often in conjunction with other chemical changes.wikipedia
in Ionchain a value transference and value of creation was created which is called IONIZATION. The current allows only Value transference and value of creation in the blockchain, IONIZATION tend to separate these two so as to better the IOT industry.
under Technical Architecture we have
- Value Creation
- Value Transference
The development and weak points of the Internet of things IOT
IOT is an acronym for ( Internet of things ), it is a very key component in the IONChain and also in information technology, however IOT means that we have reached a stage where our smart devices can be connected with each other due to internet development and IOT is also known as the 3rd wave global technology after computer and internet.
According to International Data company based in the US and the statistics of IDC, the overall Global IOT market invested was about 736.9 Billion Dollars and according to some prediction it is said that it will increase up to 1289.9 Billion dollars by 2020. this indicate that the annual growth rate of the industry is basically around 15.02% .
IOT industry with the use of edge computing
Edge computing technology is an open platform that integrates network, stores, compute and application at the edge network, this is where data are being generated this device helps in processing the data, instead of forwarding it to a center for it to be processed. this edge technology has attracted several professionals from different companies, it consist of development of intelligent terminals.
RoadMap
IONChain Value Transfer
We have six layers of Value Generation: Data Storage Layer,Application Layer, Protocol Layer,Service Layer,Blockchain Layer, and Smart Contract Layer.
Here is a Video I made
Developing Team of IONChain
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SUMMARY
IONchain is a great platform which has come to stay, the IOT of IONChain has great target to provide relevant solutions to cases like Data security, Data circulation, Data sharing, and Data transaction. all this cases are things in which people encounter from day to day activities but with the vision of IONChain founded by Terry Liu and his team all this issues would be addressed.
For more information visit
- INOCHAIN WEBSITE
- IONCHAIN BITCOINTALK EXPLANATION
- IONCHAIN WHITE PAPER
- IONCHAIN YOUTUBE
- IONCHAIN TWITTER
- IONCHAIN MEDIUM
This contest was inspired by @originalworks, @contestbot and sponsord by @IONCHAIN
Twitter Link
https://twitter.com/guchidann/status/1059457627556663296
- guchidann