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Review on IoT Chain by Alex Martakov

Revainrating 4 out of 5

Analysts positively evaluate the development of the IoT Chain, emphasizing the…

Analysts positively evaluate the development of the IoT Chain, emphasizing the application prospects of the platform and the growing interest in artificial intelligence on the basis of the Internet of Things. The proposed productivity is able to withstand the user load and at the same time has the potential for further scaling.



Pros
  • (+)- network reliability – in addition to the decentralized structure of the blockchain, asymmetric encryption technologies are used to ensure security, which provides reliable protection against hacker attacks and preserves the anonymity of user data; (+)- productivity – the IoT Chain architecture uses the original PBFT consensus-building Protocol as well as a directed acyclic Dag subnet, providing up to 100,000 simultaneous operations; (+)- the division of the existing centralized data centres imply large volumes of data, which belong to the companies formed platform committed to sharing the information stored in smart contracts and to provide network members the opportunity to store used data. Based on these technologies, IOT Chain developers form a stable, reliable and scalable network for active use within the Internet of Things. The range of applications of such development is quite wide, which creates significant potential for the development of the platform.
Cons
  • None