IONChain
Facilitating an Internet of Things Economy
A platform to design and automate transactions between smart devices
Every device is a mining machine
In the IONChain ecosystem every IoT device that provides valuable data can act as a mining machine. Once connected to the IONChain network, a device will constantly contribute its calculative power via the Ionization Algorithm and in turn, receive IONC tokens as mining reward. IONChain has created a unique consensus algorithm to determine the value contributed by IoT devices. A device’s contribution is jointly determined by the Data Quality Proof Consensus and Time Lapse Proof Consensus. This consensus mechanism will consider a devices’ function, data quality and quantity in calculating its contribution. Out of this analysis, the number of IONC token distributed to them as a reward can be determined.
One device, one code, one coin
At IONChain we will implement the following core concept called “One device, one code, one coin”. In this concept “Device” stands for the IoT devices participating in the IONChain ecosystem, “Coin” stands for the cryptocurrency IONC. “Code” is the unique identification code which can also be used as a wallet for these IoT devices inside the IONChain network.
IONCHAIN TEAM
Technology team management experience with over 300 employees.
Former CTO of ZhiWang Fintech, Founder of Vonechain Blockchain and IoT systems.
Former senior director of Accenture.
Integrated Technology expert, designed integration solutions for Huawei, China Mobile, SAIC and so on.
Senior blockchain lecturer for MA courses at Fudan University.
MBA of East China Normal University.
Consultants
Join Us and Build IONChain Together
The IONChain Foundation
The IONChain Foundation duties&responsibilities;
The IONChain Foundation is a not-for-profit oriented entity whose primary duty is to
govern the ecosystem of IONChain. These duties include:
Admission of IoT devices into the IONChain
Establishing the basic rules of IoT data transferability
Facilitating the economy of IoT data trading
Establishing the regulations for IONChain community’s voting mechanisms for data
value verification
IoT research
DAPP development
Industry partnerships