IonBloc is our version of Open source Ethereum Blockchain network that can be set up as a public production implementation or a private test implementation depending on client needs.
In an IoT network, the blockchain can keep an immutable record of the history of smart devices. This feature enables the autonomous functioning of smart devices without the need for centralized authority. Thus, blockchain opens the door to a series of IoT scenarios that were remarkably difficult, or even impossible to implement without it.
By leveraging blockchain, IoT solutions can enable secure, trust less messaging between devices in an IoT network. In this model, the blockchain will treat message exchanges between devices like financial transactions in a Bitcoin network. To enable message exchanges, devices will leverage smart contracts which then model the agreement between the two parties.
Using blockchain will enable true autonomous smart devices that can exchange data, or even execute financial transactions, without the need of a centralized broker. This type of autonomy is possible because the nodes in the blockchain network will verify the validity of the transaction without relying on a centralized authority.
IonBloc Trial SDK is available for Free Download on our platform website.