BlockChain IoT Security thru IoT Chain

IoT Chain has identified two major challenges to the IoT market that they intend to solve. First, ITC tackles issues of security to objects within the IoT ecosystem. ITC’s whitepaper highlights the effects of The Botnet of Things or a massively connected network of computers which are capable of utilizing DDOS (Direct Denial of Service) to shutter popular websites and internet-based applications around the world. With smart hardware filling our homes in the coming century, the implications of malevolent botnet networks used against the community or individual user becomes a looming concern. This past year we witnessed major outages to the influential and gigantic American websites Twitter & Netflix with the trend set to continue heading into 2018. To combat this, IoT Chain has adopted asymmetrical encryption that keeps data from being cracked even if it is collected. Further, all of the nodes in ITC are equal helping to protects users’ privacy. Secondly, the ITC team points to the high cost of centralized architecture that is currently keeping the Internet of Things from achieving mainstream adoption. Similar to issues faced in the growing field of A.I. and throughout the greater blockchain space, these platforms must be able to function with speed and efficiency or else risk poor adoption from the public. IoT Chain promises scalability and a massive node network to meet the demands of data storage in a convenient and cost-efficient through the blockchain. 

Chinese investors have shown a tendency towards sovereignty with companies and products from the region and IoT Chain should be no different. Where NEO is the Asian counterpart to Ethereum, so too can IoT Chain become the IOTA of China.Currently, trading on the Singapore exchange Huobi (Huobi ITC/BTC) and the Chinese exchange OKEX (https://www.okex.com/), ITC has maintained strong volume and stability for investors since its introduction to the market in early December.

• This topic was modified 6 years, 7 months ago by Curator 1 for Blogs.
• This topic was modified 6 years, 5 months ago by Arvind Tiwary.