In the IoT industry, issues regarding security, authentication, and safety have been solved by relying on intermediaries. However, this centralized method has several side effects in terms of cost, security and reliability.
ReapChain offers a new hybrid blockchain that can solve trillemma of the existing blockchains “scalability, security, and decentralization” through a unique consensus algorithm and ReapMiddleChain, and enable the distributed processing of a large amount of data generated from the IoT industry.
In addition, ReapChain plans to improve existing IoT system by preventing data forgery and authenticating each device based on PID of things. Core competency of ReapChain’s technologies serves to establish ReapChain BaaS. And IoT specific platform with enhanced transparency and security is built utilizing ReapChain technologies to provide a secure and transparent blockchain ecosystem.
To establishing the IoT integrated platform utilizing the protocol of ReapChain.
・ Implementing new hybrid blockchain unique to ReapChain.
・ Processing a large amount of data through ReapMiddleChain.
・ Securing IoT device authentication and data security through PID of things.
ReapChain is creating a new IoT Blockchain world with technology that has both complete security and transparency.