The margins between impossibilities and realities is getting slimmer by day. This is courtsy of the ever mind blowing innovations that are emanating from the blockchain technology daily. The project in question “IONChain” tends to include the Internet of things (IOT) to the blockchain and this is by all means the extension of the Internet. IOT is the Internet development stage where smart devices are connected to each other in a network through identification technology, pervasive computing and various other perceptive technology. The IOT market alone in China is a big boom.
The IONChain project comes with the view to improve the over all efficiency of the IOT by means of solving the lingering problem of the IOT network using Edge Computing Technology – an open platform that binds and connects networks, computation, storage ,and application at the edge of the network near the source of the data. Some of the problems IONChain is meant to solve are mentioned thus:
1. DATA SECURITY
2. DATA CIRCULATION
3. DATA SHARING
4. DATA TRANSACTION
In a nutshell the IONChain ecosystem can be summed up in this equation: IONCHAIN = INTERNET OF THINGS NETWORK + EDGE COMPUTING TECHNOLOGY
The result of the above formula results in making every IOT network infrastructure a mining tool, hence making each of the device a beneficiary of IONChain mining. The IONChain ecosystem will be propelled by its generated ION TOKEN which is eight hundred million in number.
The allocation of 20% of the entire token for community rewards and maintenance is a show of commitment and confidence reposed on the impact an active community has on a project of this nature, hence it is a community driven project.The IONIChain project is ably maned by a crop of seasoned player in the blockchain domain led by Terry Liu. Already the prospect of this project have attracted the calibre of these partners: LD CAPITAL, ONE CHAIN, HASHLINK CAPITAL, PINNACLE, BLOCKCHAIN BROTHERS, BITCHARES, I BLOCKCHAIN CAPITAL, NODE CAPITAL, BN CAPITAL and YOULINGVC.
Other details about IONChain is seen here below: