The blockchain

Is well known to be a virtual world, built on the software architecture and ought to be completely cloud-based but that may not be the case in its entirety.

The introduction of hardware into the blockchain could be termed as adventurous, innovative and creative. We have seen one of such happenings with the wallet storage devices like Trezor and Ledger which comes with high security and privacy making them the most sought out wallet today.





Before the introduction of the hardware wallets, there were the cloud-based wallets like myetherwallet.com, Imtoken and several other exchange wallets but they didn't guarantee safety of funds, infact there were reported cases of hacks but with the introduction of the hardware wallets, such occurence had greatly reduced significantly.

The blockchain goes beyond payment transaction; peer to peer transaction which was the earliest sole purpose of its creation. Blockchain could be use to solve real life problem, bring in workable solutions as real issues could be modelledn and solved using the chain. There have been several attempts for real issues to be addressed which has caused a great amount of movement into the industry over the years.

While we are glad for this great shift and the move for global adoption since blockchain presents the true power of democratization and wealth-levelling, anyone and everyone could share in this wealth, the possibilities it brings and maybe just maybe it is the key to solving global financial issues for good. We should also be wary of the problems that comes with it.

The problem of slow transaction is one that may not go anytime soon if there isn't a well thoughtout and deliberate approach to solving the issue; I actually really doubt if Satoshi created Bitcoin baring in mind the possibility of huge inflow of users as seen today. The bitcoin transaction per seconds as at today stand between 7-10 even lightening network speed could only go nearly 1000 TPS, this can't be compared with mainstream payment platforms like MasterCard.

Popular Ethereum blockchain built from the genius mind of Vitalik Buterin saw even wider acceptance of the blockchain - he deserves all the respect there is. The ethereum blockchain allows for creation of tokens through which other projects are able to operate in, this allowed for even more adoptions however one flaw of these projects built under the ethereum blockchain is that of security. Low security have seen to the attack on badly built and coded project website and resources under the infrastructure. This calls for some level of concern, it will retard growth if not contained.

High transaction fee. If there is a clog in network or sudden overload in the chain due to high traffic it invariable affects network fee since confirmation time equally increases as well. For a small amount one could spend some insane amount of money to get transaction to take place, a recent case of a top exchange airdropping with high TX comes to mind. During this times I don't initiate any transaction due to high fees and I advice anyone who isn't in a hurry to do same too, it eventually always drop but takes some significant amount of time.

Decentralized Application: As earlier said, I strongly doubt if the creation of the blockchain was envisioned to reach this height, taking into consideration the increased development of decentralized apps built to run under the blockchain and the fact that current blockchain infrastructure have almost little capabilities to ensure the operability of the apps. This equally contribute to slowing down the network to a large extent as well.

HPB - High Perfomance Blockchain

HPB is a new blockchain architecture, positioned as an easy-to-use, high-performance blockchain platform. It aims to extend the performance of distributed applications to meet real-world business needs. The software architecture provides accounts, identity and authorization management, policy management, databases, and asynchronous communication on thousands of CPUs, FPGAs or clustered program schedules. This is a new architecture that can support millions of transactions per second and support authorizations within seconds.

There are several layers in the HPB architecture all of which are build towards specific purpose and aims arriving in greater concurrency, efficiency and speed of transaction. This layers are divided into software and hardware components, making HPB amongst the first blockchain project to integrate an hardware into it's architecture.

The architectural build fuses the HPC (High Performance Computing) blockchain concept, cloud computing, hardware systems with distributed core nodes, a HPC-powered universal communication network, and a HPC-powered cloud platform. In addition to network management, the architecture supports core node blockchain standards, consensus algorithm and blockchain task processing functions. The core node includes a hardware acceleration engine embedded with software.

Through Blockchain Offload Engine (BOE) technology which sets the foundation of high performance blockchain infrastructure and is a conerstone requirement for enabling high TPS dapp ecosystem - here we could witness a zero lag time when dapp is connected into the blockchain, consensus algorithm acceleration, data compression, data encryption and other technologies, the architecture can support millions of concurrent users. The cloud terminal under this architecture can be a traditional PC, intelligent terminal, or any other related machine.

BOE



Smart Big Data

"Big data is a term used to refer to the study and applications of data sets that are so big and complex that traditional data-processing application software are inadequate to deal with them. Big data challenges include capturing data, data storage, data analysis, search, sharing, transfer, visualization, querying, updating, information privacy and data source" - Wikipedia

Security and privacy poses a huge threat to the development of big data as centralized systems have proven one too many times, the efficiency of managing this type of large datas which are prone to potential security risks during storage, processing, and transmission is to be deliberately and systematically approached. There is a need to move to a better solution for managing bid data. HPB collects, uses, and authorizes data through smart contracts to ensure data purity. Building smart big data solutions on the HPB ecosystem will greatly enhance data security, privacy and availability. Concurrently, the use of authorized transmission of data on the public chain and the inquiry of transaction fees can be charged by HPB Coins. The partnership with UnionPay to realize this authorization, certification, and traceability of big data would hopefully bring growth into the big data sector.

Gaming

The gaming sector will receive significant boost with the HPB ecosystem. Growth of the gaming sector have been witnessed with increased value and attention that converts to several billions of Euros. The online gaming business generally consists of two types: users pay to get in-gaming experience time or users pay to buy virtual in-game products. This are run mostly on centralized platforms which haven't allowed for the needed growth; users are somewhat exploited and creation of games are left for some few persons who decides what assets and ways it could be purchased.

If virtual in-game commodities and assets are stored on the blockchain, encrypted digital currency such as HPB replaces virtual in-game currencies. Virtual in-game products can then be conveniently transacted between players without the need of a centralized game publisher, or a centralized organization such as Google Play or Apple Store. HPB architecture supports high concurrence which can be used in the gaming sector.



Anti-Counterfeit Traceability

Information asymmetry results in difficulty in the traceability of products. Even with anti-counterfeiting traceability technology such as bar codes and QR codes, single-way traceability is gradually distorted in the communication process and counterfeiting technology have constantly evolved and improved. Blockchain technology with distributed ledgers, ledger traceability and its untraceable characteristics are naturally suited for anti-counterfeiting traceability use. HPB in partnership with related companies that deal on this type of secruity is aiming at taking on this need, using the blockchain, ensuring that counterfeit products are sort out much more effectively.





Market

Currently listed in several markets at a low rate even as there is some green candles witness this past days. Current price is undervalue. Listed in healthy volume exchanges like Okex, Bibox, Kucoin and Idex here is the opportunity to get some; HPB Market



Useful Links

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