This paper describes the Flowchain distributed ledger technology (DLT), the Flowchain digital assets (FLC), and the Flowchain IoT solutions (referred to as “products and services”). Developers, users, and enterprises should pay the products and services in FLC; further, they can pay the transaction fees to block producers (referred to as “miners”) on the Flowchain hybrid blockchain network in FLC.
Based on Flowchain innovative technologies, Flowchain’s IoT solutions aim to provide a Data 2025 Ready total solution to the enterprises. By the year 2025, more than 150B IoT devices will be connected across the world and most of them will act in a real-time manner. However, current existing IoT technologies do not provide such real-time capabilities. By adopting Flowchain IoT solutions, the enterprises can fill the technology gaps.
Notably, the technology of Flowchain DLT and IoT solutions was built from the ground up to meet the needs of IoT. Flowchain’s technologies are supported by four peer- reviewed papers. Two reviewed papers are published on ACM publications.
In summary, Flowchain is ready for Data 2025. The Flowchain IoT solutions comprise multiple private blockchains, and a public trusted blockchain, such an architecture is called Flowchain hybrid blockchain architecture. The private blockchains provide an Edge Computing environment to ensure better real-time computing capabilities. Generally, a a large amount of data are transferred from the endpoint (the IoT devices) to the public cloud. However, the public cloud can not ensure the real-time computing due to the limited network bandwidth and the long distance of data transfer. The enterprises can benefit from Flowchain hybrid blockchain with the edge computing solutions.
Keywords: Blockchain, Distributed Ledger, IoT, P2P, CryptocurrencyFlowchain-Whitepaper-3.0-en