Review on IoT Chain by Adedayo Adeniji
IoTChain
IoTChain is a decentralized solution system to the security and safety problems facing internet of things which is the interconnection of computer devices built in everyday objects giving them capacity to share data, IoTChain aimed to solve the problems but using distributed ledger technology while protecting ownership and usage of data. IoTChain has made substancial progress in resolving safety, speed and security issues through the blockchain technology and blockless DAG technology.
It has an utility native token symbolized as ITC which is incorporated into all their developed devices to make use of as a payment method. It is ERC20 based and can be sent and stored in ERC20 compatible wallets.
IoTChain is a wonderful project which gives data sovereignty back to the user coupled with the protection of users data.
Pros
- It is open source
- It is decentralized
- It gives autonomous authority to the user of data
- Its token is ERC20 based
- It offers speedy transactions
- It is secured and safe
- It protects ownership and user data
Cons
- Its transaction fees are high
