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The IONChain Foundation

The IONChain Foundation is a Singapore-based non-profit developing IONChain, a public blockchain for the Internet of Things. It proposes enabling IoT devices to contribute data, quantify its value, and receive IONC token rewards.

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The IONChain Foundation governs and develops the IONChain ecosystem, a proposed public blockchain combined with IoT technology. Its stated work includes IoT research, dApp development, industry partnerships, device admission rules, data-transfer rules, and mechanisms for IoT-data valuation and community voting. IONChain is intended to support decentralized peer-to-peer interactions between smart devices, with devices contributing data and computing power in exchange for IONC mining rewards.