I was watching a TV commercial, where a smart speaker was talking to human and was performing a task based on the instruction given to the speaker. This was not the first time I was seeing something like that. I have seen many mobile phone manufacturers have developed the virtual assistant for their mobile which normally help you find most of the thing which you need. But, this smart speaker is developed by one of the e-commerce platform and it can actually place buy order for you based on your voice command.

These Intelligent Personal Assistants are based on Internet of Things. The Internet has emerged as a key network to make information accessible quickly and easily, revolutionizing how people communicate and interact with the world. One such solution is the proposal of intelligent personal assistants, which are software agents that can assist people in many of their daily activities. This virtual assistance is very popular now, and almost everyone wants to use it. But what about the personal data safety? This virtual assistance device is collecting lot of personal information, what you like, what you ordered, where you went, etc. I am not saying your data is not safe with these big brands. But they are using your data for product development without giving you any rewards, users don’t have any control on their own data.





And this virtual assistance is just one part of IoT, and there are many different type IoT devices available and many more are coming, and its slowly becoming part of everyone’s life. All these devices are collecting personal data from users but not doing enough to protect user data. Due to the centralize design of traditional IoT architecture, the users’ behavioral data is stored in the center servers and its controlled by merchants. Thus, the users’ data is prone to be leaked out and the users’ privacy as well as safety will face severe threats.

Well, there is solution to this problem, Xie Zhuopeng who is in the field of smart devices for over four years, Lyu Xinhao an blockchain expert and evangelist, Ding Ying who has over 12 years of experience in developing firmware for chips and Zhao Tan started a project called IoT_Chain.









IoT Chain (ITC) is developed as a lite operating system using the blockchain concept and implementing PBFT, DAG, SPV and CPS technology, allowing data to be layered and stored in a decentralized manner and providing protection with the combined strength of the millions of IoT nodes within the network. Under this network, the interconnection of IoT devices of a home, a business or even a city can truly flourish without worry of transfer congestion, malicious attacks or losing privacy.

IoT Chain (ITC) has adopted the asymmetrical encryption. As long as the private key is kept properly, the data cannot be cracked even if it’s collected. At the same time, all the nodes in ITC are equal, which protects the users’ privacy. Moreover, based on the character that blockchain cannot be tampered, the manufacturers and service providers won’t be able to tamper users’ any information.

The blockchain has provided decentralized ideas and technology, which are very suitable for the self-service, self-maintenance, self-transactions and shares between machines in IoT industry. But there are still some key problems to be solved when applying the blockchain technology in IoT, such as the form of consensus, quick pay on small amount and protection of data privacy. For these problems, IoT has brought up its own solutions, including PBFT, SPV, DAG, CPS cluster technology, big-data-analysis smart contract ChainCode and so on.

In ITC, users’ data belong to themselves. Any company who intends to do big-data analysis or algorithm model training of advertisement recommendation need to pay ITC token to users who provide the data.

ITC, not only going to protect the user data but, they will have tens of thousands of nodes and they will be absolutely adequate to meet the needs of IoT data storage with a combination of blockchain’s distributed ledger technology. And thanks to the de-centralization of blockchain, there is no need for highly-intensive computer cluster. Using these two technologies the operating and maintaining costs of the whole IoT will be reduced.





ITC upcoming events-

On June 25th and 26th, the IoT Chain (ITC) team will be attending the Plug and Play (PNP) Supply Chain & Logistics Focus Week to discuss the application of blockchain technology with industry-leading brands such as VISA, P&G and Siemens.

At the event, the IoT Chain team will introduce the ITC project, including strategies and application scenarios, as well as explore potential business ventures based on ITC solutions in supply chain management, supply chain finance, logistics management, and other fields.

But for me main focus is on their testnet and mainnet lauch. As per the roadmap, ITC will provide public test network in October, and they planned released of IoT_Chain/mainnet to public in December. Until now ITC team have kept their promise and done what was mentioned in the roadmap, so I expect they will meet these target dates as well.







ITC team is very active at their social media platform and proving regular updates. You can visit ITC’s website or follow their social media sites, if you wish to read more about the project or want to receive regular information.

https://iotchain.io/

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/



