ReapChain is a hybrid blockchain network that securely integrates with the IoT system to overcome the trilemma of scalability, security, and decentralization. To achieve its mission, it utilizes the Shell-Core Structure, a blockchain technology with top security, speed, transparency, and decentralization.
This is because the Shell-Core Structure is a combination of the private blockchain and the public blockchain and therefore harnesses their primary capabilities. For instance, a private blockchain has the advantage of strong security and quick transactions, while decentralization is the greatest attribute of the public blockchain. For it to make use of these capabilities, ReapChain utilizes its Baas to integrate with IoT.
In a like manner, it uses its SDK to connect with various devices, authenticating them for safe data processing and storage. More importantly, the ReapChain protocol can integrate with many devices that perform various functions.
Solutions to overcome the trilemma
Besides the Shell-Core Structure, the blockchain network uses private ID of things (PID) to solve some blockchain challenges.
Private ID of things (PID): The ReapChain generates a unique private key or ID for every device, allowing it to send or receive information from them. This is important for preventing hacking or unauthorized access. With this system, when a transaction takes place, the protocol can detect forgery. Furthermore, this technology has an inbuilt system to avoid unnecessary errors.
Use of random quantum numbers: The protocol uses random quantum numbers to select a standing committee coordinator and steering committee node from candidate nodes. Quantum number generation results in an unpredictable selection of the required 15 operating committee nodes. This makes it difficult for hackers and other intruders to target the chosen nodes. Therefore, this enhances the security of devices within the network.
Quick response from ReapMiddleChain: The protocol’s ReapMiddleChain uses a proof of triple confirmation to pass information to IoT devices. Also, the WORM storage processes the information in near-instant time, resulting in fast transactions and increasing scalability. The ReapMiddleChain process data in milliseconds.
Use of Write Once Read Many (WORM): The protocol stores the data in WORM, making it impossible for any unauthorized person or device to access or alter it. Thus WORM offers irreversible data storage in the manner of an optical disk or reads only storage facility. Moreover, the ReapMiddleChain uses SHA-256- digital security, time tampering protection, and a data encryption system which prevents potential threats.
Encrypted private keys: The system uses unique encryption technology, functioning with some private keys to create signed messages and public keys to transmit decryption data. As a result, the protocol detects early any potential data snapping, forgery, or hackings. No one without a private key can decrypt the data.
Verification using Merkle: There is reliability verification for any communication between nodes and all short-range wireless network connections within the system. Therefore, the transmitted data is accurate.
The ReapChain system functions across many business areas. For example, in the logistics sector, ReapChain collects, aggregates, and shares data related to different processes such as pickup and product shipment. It analyses all the data in the intermediate stages, such as the major activities’ speed and efficiency.
Likewise, the ReapChain system functions in the energy sector, where people operate various devices with sensors. Above all, there are many computer applications through which people pass essential information to various organizations and departments.
ReapChain has its token, REAP. It issues it as a reward for participants who are active in the blockchain.
The token distribution:
- Amount of total supply: 4 900 000 000
- Token Sale: 30%
- Participation Incentive: 10%
- Founders: 7%
- Standing Committee Node: 28%
- Early contributors: 5%
- Marketing: 5%
- Reserves: 15%
Finally, the ReapChain stakeholders engage one another in the following social platforms.