Internet brought lot of changes in to our life, it helped us connecting to whole world and made our life easy. Smart devices such as phones, watches and now one such smart technology called IoT or the “Internet of Things” is making our life more simple, advanced, as well as automated. IoT means any connected physical devices that are accessible through the internet. The thing in IoT could be anything such as the automobile, home appliances or any object with a built-in sensor and that has an IP address assigned and have the ability to collect and transfer the data over the network automatically without any human efforts. Sounds interesting right? And why not, IoT helps you to operate your AC, Fridge, car or anything from anywhere. But there is one big problem with IoT and the problem is it collected all your personal data and transfer it over the internet without any kind of encryption or proper security. These devices are vulnerable, and hackers don’t have to take much efforts to hack IoT network and collect your personal information and hacker might be able to break into your home as well.

Also, IoT service provide using your data for their personal benefits, they know which place you visited recently and where are you currently and using to selling this information to even third party. Many people are aware of this private data safety issue, but they are preferring convenience over privacy. I am not saying users don’t want privacy and safety, but do they really have the choice to select the privacy option as well while enjoying the convenience? Also, today IoT network is centralized so there is every chance that you might lose your data in case of this centralized network failed or get hacked.





IoT Chain (ITC)

ITC team understood these issues and they developed an operating system for IoT devices which is lite but secured as well. This OS can be used for all IoT devices even small one as well. Using the blockchain concept and implementing PBFT, DAG, SPV and CPS technology, ITC will be helping to develop a network of billions of IoT devices. This network will be based on blockchain technology means it will be decentralized and secured and this makes sure that you will never lose your data. I believe that, under the ITC network, the interconnection of IoT devices of a home, a business or even a city will grow without worry of transfer congestion, malicious attacks or losing privacy. ITC is using asymmetrical encryption which will keep your data safe. Even if your data gets hacked, they will not be able to crack it as long as the private key is kept properly. One of the most important things is that ITC believes that user data belongs to the user only and they respect the privacy of the user data. They will not sell users personal data to the third party. If user aggress and wants to share their data for big data analysis, AI development they can do so and in return user will receive ITC tokens. So, at ITC network your data is not only safe, but you will have a chance to earn money as well. Data storage space, data safety, user privacy, speed will not be an issue at ITC network.





Recently at Huobi Carnival ITC announced that All Ethereum DApps can now be Completely Moved to IoT Chain. For more information, you can visit the site - https://medium.com/iot-chain/huobi-carnival-iot-chain-announces-all-ethereum-dapps-can-now-be-completely-moved-to-iot-chain-d36c6c8782b8





ITC tokens currently trading at multiple exchanges and current price per token is approx. $0.320612 USD. Total token supply is 100,000,000 and circulating supply is 61,577,865 ITC. Total market cap is $19,742,622 USD.

If you wish to read more about the project or want to receive the regular information you can subscribe to ITC social media channel -

https://twitter.com/IoT_Chain

https://t.me/IoTChain

https://medium.com/iot-chain

https://www.reddit.com/r/iotchain/

https://github.com/IoTChainCode

https://www.facebook.com/IoTChain/

https://iotchain.io/



