A platform to design and automate transactions between smart devices. In the IONChain ecosystem every IoT device that provides valuable data can act as a mining machine. Once connected to the IONChain network, a device will constantly contribute its calculative power via the Ionization Algorithm and in turn, receive IONC tokens as mining reward. IONChain has created a unique consensus algorithm to determine the value contributed by IoT devices. A device’s contribution is jointly determined by the Data Quality Proof Consensus and Time Lapse Proof Consensus. This consensus mechanism will consider a devices' function, data quality and quantity in calculating its contribution. Out of this analysis, the number of IONC token distributed to them as a reward can be determined.