Phaeton’s Sidechain and how we are building the future with IoT.

What is a Sidechain?

Future of IoT with Phaeton’s Sidechain

  1. Phaeton allows the creation of a private ecosystem. If an IoT solution is built on a public Blockchain, there is a possibility of the data being available to people who should not have access to it. Creating an IOT application on a Phaeton Sidechain allows the user to keep the data private while still enjoying the benefits of a public ecosystem by creating the blocks or the data hash available in the main chain.
  2. The use of Phaeton’s Sidechain ecosystem allows the network to have better performance through enhanced scalability and transaction speed.
  1. The immutable ledger of Phaeton’s Blockchain allows the IoT data to be stored in a distributed ledger.
  2. The data by the IoT device becomes more credible as it cannot be modified or deleted.
  3. The encryption and hashing techniques involved in securing the data make it a reliable platform, eradicating the need for additional security measures.
  4. The data from the IoT devices can be traced to their origin, establishing provenance.

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Phaeton Technology

Phaeton Technology

Phaeton utlilises Blockchain Technology to create sustainable communities for future generations using our own independent Blockchain platform.