First of all, what is IoT?

IoT literally stands for the "Internet of Things" it is becoming a forever increasing thing nowadays. It is a system which connects computing devices, mechanical and digital machines, objects, animals or people that are provided with unique identifiers which are capable of transferring data over a network automatically with no human interaction. It is capable of automatizing anything. For example; I might connect my car to my smart garage door opener, which I’ve connected to my smart lock, which activates my smart thermostat that I’ve also synced to my smart lighting system. I can program them all to simultaneously communicate and do their jobs when I turn onto my driveway. The possibilities are endless, it is all automated to make your life easier; there is no limit to what IoT can achieve.

IoT devices are meant to work in concert for people at home, in industry or in the enterprise. As such, the devices can be categorized into three main groups: consumer, enterprise and industrial.







So what is the use for IoT Chain?



Well, as you may have thought yourself; this "IoT" sounds really great and may automate a lot of things and make lives easier but as you could imagine there is a lot of vulnerabilities. This is why IoT Chain was created; to run on a decentralized blockchain open source system to prevent attacks occurring from the outside. Also to ensure data integrity is at a high. IoT ITC has intended on creating the secure system to put you and your home at rest without having the worry to eliminate unauthorized access ensuring extra measures have been taken to secure you, your data and privacy.





Why IoT Chain?

IoT Chain have released there test network, and code can be viewed publicly on GitHub. The ITC test network supports 1,000 transactions per second but the team has said it is able to scale a magnitude of 10 million if necessary. IoT Chain's goal is to reach 100,000 transactions per second before the main network is implemented.

Decentralization is a huge point and plus for IoT Chain, they don't believe other DAG public blockchain systems aren't decentralized enough resulting in potential threats. I won’t cover too much detail on the technology in this article but; ITC uses DPoS that allows for an increased security of the ITC’s FAG structure. That means that the ITC network will be as fast as DAG and secure as DpoS. Please see sources below for more detailed information.







Why I think it could potentially be implemented and used

Today’s IoT solutions providers are paying millions of dollars a year in fees building and maintaining the infrastructure for many centralized cloud and large-scale server clusters. The level of investment which is required is massive which puts into perspective how much money potentially could be saved on such a huge scale.

IoT Chain proposes the use of tens of thousands of nodes as well as distributed ledger technology to meet the needs of IoT data storage. The decentralized blockchain also ensures that there is no need for a centralized, highly intensive, server cluster. This will significantly reduce the costs of IoT infrastructure.



IOT has a high cost of centralised architecture, a big plus as to why this could be globally implemented. The amount of devices has increased dramatically raising alarms for a more secure, efficient solution. It is estimated that IoT will consist of about 50 billion devices by 2020.





Always do your own research, but this will be one I’m personally holding with full ambition.

Website: https://iotchain.io/

Telegram: https://t.me/IoTChain

Twitter: https://twitter.com/iot_chain

Reddit: https://www.reddit.com/r/itcofficial/

