IONChain aims to solve many problems in IoT data security, circulation, transaction, and sharing, and promote the common prosperity of the IoT ecological chain. IONChain advocates the concept of "one thing, one coin, one code", deeply combines the Internet of Things and the blockchain, and relies on the characteristics of edge computing to realize "everything is a mining machine, and existence is value" on the Internet of Things. IoT devices can use the "ionization algorithm" to obtain mining rewards. On the IONChain, the source of data is authentic and credible, the value of data is quantified, and the data transmission is fast and safe, which promotes the formation of IoT application standards, new IoT application scenarios, and helps the IoT industry enter a period of rapid development.

Project commercial value

From the perspective of the ecosystem: The IONC token is the only encrypted digital token on the chain. The overall value of IONChain is increased by purchasing behaviors, and the mining rewards based on IoT devices have greatly improved user participation.
From the perspective of individual users: In order to build a complete ecosystem, IONChain needs to reward the access and data upload of IoT devices. After the user uploads the IoT device data, the IONChain will protect the privacy of the user based on the encryption algorithm and anonymity, and reward the data uploaded by the user with the IONC token. Users can use the IONC token to purchase various value-added services provided on the chain.
From the perspective of commercial companies: When the data of the Internet of Things is continuously submitted to IONChain, the entire ecosystem is gradually established. The economy brings vitality. Commercial companies are willing to invest in the purchase of IONC encrypted digital currency, and then use IONC for the purchase and use of on-chain data analysis services. Data analysis services can help commercial companies improve their business capabilities and service standards, and companies can also sell various services or businesses based on the IONChain network.
In addition to the above ecological scenarios, IONC has the following typical usage scenarios:
(a) Mining rewards for IoT devices; The weight of the council and witnesses elected by people;
(c) as the consumption of running data query, statistics, and analysis of smart contracts, the nodes running smart contracts will get corresponding rewards;
(d) as running The fuel of DAPP on the ion chain, the node running the API called by the DAPP will get the corresponding reward corresponding to the running consumption of the API;
(e) as the transaction fee for transferring the ion chain token IONC between accounts, bookkeeping The node award will be rewarded accordingly;
(f) Each IONC token can trace the source of issuance, and the information of some data can be stored and traced through the IONC token;
(g) IONC The billing nodes will receive corresponding rewards for the communication consumption of each ion (that is, the connected IoT device) on the chain;
(h) R&D expenses for APP developers as APP users.

Application scenario

Data security and privacy protection
The decentralized storage method of IONChain will bring subversive changes to the data security and privacy of the Internet of Things, while resisting external attacks and Disasters have unique advantages over traditional centralized networks.
Scenario 1: The issue of smart devices invading privacy has been widely exposed in recent years. Whether it is a wristband or a smart home device, user activities and daily behaviors are uploaded privately in the background. After big data analysis and comparison, a clear User portrait. These resources are either transformed into targeted advertisements, or copied, sold or even stolen in batches and used by criminals. It can be seen that as long as the authority of the central node is obtained, everything is obtained. IONChain will change this situation. IoT data can be flexibly stored in local or distributed nodes and encrypted to ensure its security, so that users have complete control over the data, and private data can be used only for themselves or Exchange value with other nodes. Even if a node is attacked or encounters a disaster, there will be no loss.
IoT Data Circulation Transaction
In traditional IoT systems, the processing and use of data by the network owner is mostly limited to improving its own value. At the same time, the association analysis of data can only be delineated within the scope of the Internet of Things under its jurisdiction. IONChain will break the island dilemma of IoT data, capitalize and value IoT data, and enable data to be circulated and exchanged more conveniently.
1) B2B mode data transaction
In IONChain, traditional manufacturing enterprises can become data providers. On the basis of the existing Internet of Things, traditional enterprises become transaction nodes through IONChain. Transaction nodes provide standardized peripheral data interfaces, and terminal devices upload various types of IoT data to IONChain in a unified format through these interfaces. , and capitalize the data. When the data user needs to use the data, the relevant data can be obtained automatically through the private key authorized by the ion chain.
Scenario 2: An African company A has built a production line. After running for a period of time, it finds that the efficiency is not high and needs to be optimized. Through the ion chain data trading platform, company A discovers that company B in an East Asian country has released sensor data and Production line video, through the ion chain to obtain configuration data and operation video to optimize the production line, greatly improving production efficiency, and at the same time greatly reducing the cost of crossing regions and breaking through technical barriers.
2) C2B mode data transaction
Enterprises, as data users, need to release data to the IONChain community. The data provider can be an Internet of Things participant with a single or several data sources. Individuals upload data through the ion chain, and the data is capitalized in the ion chain. Enterprises obtain such scattered but difficult-to-obtain data assets through IONChain, and through integrated processing, they can obtain more valuable big data.
Scenario 3: An Internet start-up company hopes to obtain the personal information and driving directions of car users for data analysis to carry out corresponding businesses. In the past, these data were monopolized by navigation software giants and map data providers, and were difficult to obtain or valuable. If you use traditional methods to attract traffic, it will be a long process to acquire user habits, and the cycle cannot satisfy the survival of enterprises. Through the IONC incentive mechanism, some car owners voluntarily share personal data through transactions. The company also gathered sand into a tower through ion chain data transactions, and quickly obtained the expected data scale and analysis materials.
Smart contracts help the sharing economy
The ion chain can not only support the transaction of data, but also the transaction of operation authority. The smart contract can be customized according to the scene to realize the free interaction between equipment and equipment, equipment and people, and complete the value transfer through the decentralized network.
Scenario 4: A community is adjacent to a business office area, and there is a large demand for parking. Some residents of the community are willing to rent out their private parking spaces to those who need them during idle time. By installing a smart ground lock, residents and parkers can automatically control the opening and closing time of the ground lock through the smart contract of the ion chain network, without manual intervention to complete the transaction. At the same time, the property management personnel are also connected to IONChain as a node. After the residents complete the transaction, the income can be automatically calculated in proportion and transferred to their account as a management incentive. The transaction settlement of the entire system is completely carried out by IONC, the IONC token, without the need to connect with banks or third-party settlement systems, and without paying any handling fees.
Edge Computing Optimizes IoT Experience
In some IoT applications with high response requirements, the delay of cloud response will lead to low overall efficiency. Refactoring using the characteristics of IONChain edge computing will greatly improve the user experience.
Scenario 5: A large warehousing company deployed RFID equipment in the early stage and set up a private cloud as a data storage center. After the expansion of the business volume, several new warehouses were built in different places. Due to the need for unified management of the goods, and the data is too concentrated and huge, during intensive operations such as month-end inventory and warehousing, the problem of response timeout occurs frequently, seriously affecting efficiency. By deploying ion chain nodes in each warehouse, the problem of data request and response delay is greatly reduced, and data synchronization and intercommunication are realized.

Description of Project Assignment

1) The circulating part of the IONChain platform uses IONC as a digital currency for community promotion and gifting, accounting for 25% of the total.
2) Community building and incentives 20% of the digital currency issued by the IONChain platform will be used to support and incubate various DAPPs based on the IONChain platform. We expect to use the power of the community to keep the IONChain in a state of development . Of course, after the IONChain team completes the construction of the underlying chain, it will also invest in the research and development of DAPP commercial applications. It is an important economic strategy to provide community application support in terms of capital and technology, which will promote the prosperity of the IONChain platform as soon as possible.
3) Equipment mining rewards In the ion chain platform, everything is a mining machine. All IoT devices connected to the IONChain platform will become mining equipment, providing computing power and participating in consensus. The IONChain platform will take out 25% of the total tokens to encourage the terminal access of IoT manufacturers. These behaviors include but are not limited to: authentication, access, data provision, transaction, forwarding, traffic, etc. (Any DAPP based on the IONC protocol will have a positive interaction with the data assets provided by the IoT terminal.
4) Node incentives for any blockchain project need to establish a consensus mechanism so that peer nodes distributed all over the world, The state of the transaction data is agreed upon. IONChain will take out 10% of the total tokens to motivate nodes to provide computing power and storage guarantee.
5) Founding Team The IONChain platform will use 20% of the total tokens to motivate the founding team, who provide resources and technical support for the early development of the IONChain platform. In order to ensure the smooth development of IONChain, the platform will unlock the token rewards of the founding team in stages for up to 36 months. Unlock 33% of the founding team rewards from the 12th month of IONChain token issuance, which is 6.6% of the total; unlock 33% of the founding team rewards in the 24th month, which is 6.7% of the total; unlock the founding team in the 36th month 34% of the team rewards, or 6.7% of the total. The entire process will unlock all rewards until the 36th month.

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