Q: What is the connection between the partnerships with Qtum, Metaverse and VeChain?

A: CPChain focuses on developing the core technologies we proposed in the whitepaper. If there is more in-depth cooperation with partners in the R&D and marketing process, we will promptly disclose it in the community.

What this means for me is that they are indeed partnered with Qtum, Metaverse (and HPB but was left out of the question), but they will not disclose any information about the partnerships. They kinda avoided the question, probably because they are still under NDA. There have been rumors going around that CPChain is working on something for VeChain. This is just a rumor, so take it with a grain of salt.

Q: What is the progress with the pilot project with SAIC Motor?

A: We are actually under negotiation with SAIC Motor. For now no agreement has been signed yet. Meanwhile, we are also under talk with several other auto mobile brands.

This is big and a very clear answer. Although, I thought they already partnered with SAIC Motor (Shanghai, China), it looks like they are still under negotiation. Which is good by the way! SAIC Motor is one of the biggest car manufacturers in the world. Almost 150,000 employees with an annual revenue of $101.7 billion in 2014 and 4.5 million vechiles were built in 2014. Another interesting fact: SAIC is owned by the state 😉 They are in talks with several other auto brands. SAIC Motor is one of the “Big Four” state-owned Chinese automakers. The other 3 are Chang’an Motors, FAW Group and Dongfeng Motor. Is CPChain going to be adopted/accepted by China?

Q: What are the primary advantages of CPC over IOTA and other competitors, like IoTChain and INT?

A: Blockchain, as the base of constructing a decentralized trust system, aims to solve three main issues in current IoT industry, which is cost, value and security. The combination of blockchain and IoT is a future trend. The key technology of IOTA is to use DAG data structure to realize the concurrent confirmation of transaction, which solve the bottleneck problem for current blockchain technology for support high frequency, micro-transaction in IoT. Therefore, the market is concerned. Moreover, most of blockchain technology in IoT only focuses on certain industry applications currently. In CPChain, we focus on promoting the value of data sharing in IoT. To fulfill the goal, CPChain put forward the system of distributed architecture system : main chain — industry chain — distributed cloud storage.

This was (to me) a complex answer. What I make up from this answer is that CPChain is focusing on data sharing inside the IoT. They only compared IOTA with CPC but left out IoTChain and INT. We’ll probably get more details about this in the future.

Q: What is your long term vision to become the leading IoT crypto company?

A: CPChain will keep on growing in 2018 with steadily and solidly to expend our core technology. Besides, we will have more marketing actions. We want to increase international influence based on our deep R&D in blockchain and IoT technologies. The open source of PDash will release in June 2018 and the testnet of CPChain is expected to be released in October 2018. For long term strategy, our vision is to realize the transmission of CPS value. Our mission is to build a system of “Internet of Trust Things”, which will greatly promote the prosperity of the IoT system.

The date for the mainnet is wrong, it is October 2018. Testnet is June. The team corrected this by an official statement on Twitter.

They aim to be the leading IoT blockchain company, however, they are still a small startup company. 2018 is looking good, with the launch of their mainnet and their latest partnership with Zhichao Medical AI Tech Co.

Q: What is CPChain’s main goal? Do you intend to become the leading blockchain solution for IoT?

A: CPChain is developing the underlying technology of blockchain to support the distributed acquisition, storage and sharing of large-scale IoT data, to provide real, legal and compliant data for application providers, and to create value through distributed intelligent analysis. At the same time, the ownership and interest of the data providers are guaranteed. The data sharing is safer and date flow is more effective. In the long run, we would like to build a distributed Internet of Trust Things business platform through data accumulation from physical systems.

Q: When do you plan to get listed on big exchanges?

A: Although the overall cost of mainstream exchange is continuously growing high, CPChain will keep on making further efforts to enter and maintain close connection with major exchanges. We have hit GDEX and Fubit recently. One things always in my mind is that no matter when or how we enter more exchange, CPChain insists on development priority and community priority, making CPChain a real world-class project.

There’s rumors that Binance and other major exchanges ask for millions of dollars. But is it true? Does anyone have any proof how much it costs to get listed? As the above answer implies, the team is focusing on the development of the product. Exchanges will come, give it some time. This is a good time to accumulate more.

Q: Are you going to start a marketing campaign?

A: Yes, there will be more marketing actions, and our logo/website redesign and essay contents are in progress now. We also consider holding more global meetups, Hackthon Competitions, as well as some promotion events with exchanges. CPChain will strengthen the construction of overseas and Chinese communities. We believe that the Chinese community will bring great attention and trading activity. In the global market, we are working with a number of marketing companies, reaching intention cooperation agreement with them. Besides, we are going to have more presence in important industry conferences and media coverage around the world. Our community members are spread over dozens of countries, which helps CPChain to establish a global connection layout. Community is so powerful, so many people, so many ideas and resources. We also hope that our community friends join in CPChain’s promotion. We will award CPC for community contributors.

Marketing is important. Everyone knows that. From the looks of it, the team has stepped up their game by assigning community managers for Twitter, Telegram, Reddit etc. A very good step in the right direction. The team says they are working with marketing companies which is good, but the part where they talk about having more presence in important industry conferences caught my attention. If they are partnering with several auto brands, medical centres etc, and these companies will host conferences, think about what this will mean for CPChain? 😉 The fact that they will give CPC to community contributors is also nice.

Q: How many are working full-time in this project?

A: Currently, we have 21 full-time team members, and we are actively recruiting more talents to join CPChain team. By the end of 2018, we plan to have 30 full-time employers, and by the end of 2019, 20 more full-time employers will join our team.

Be aware that CPChain is still (in my eyes) a small startup company. 21 full time members as of now is significant. Make that number 30 by the end of this year and you already know these guys aren’t standing still. They are working their butts off. They expect to have 50 full-time employees by the end of 2019. Something in my head says they will hire even more people at the end of 2019, IF they manage to pull off everyone they have said ofcourse.

Q: This project has been around since 2015. What has been going on the past 3 years? Mainly architectural R&D work?

A: Dr. Long’s R&D team has conducted academic researchers in the integration of Blockchain and IoT since 2015, which constructed the theoretical base and structure for CPChain project.

I couldn’t find any info that CPChain has been around since 2015 so I don’t know where this question came from. Most companies who were not using blockchain or coins/tokens were established well before the creation of Ethereum and have now switched to blockchain and are using a tokenized system.

Edit: an admin on Telegram mentioned that Dr. Long stated in an interview: "I discovered that the blockchain and IoT are actually very good combinations. Therefore, at the end of the 2014 and 2015, I took four or five doctoral students and ten graduate students and began to experiment with the combination of these two technologies and did some in-depth research and development work.”

Q: Will there be enough CPC in the future to reward node holders?

A: The CPChain foundation will get income from further business operation, which ensure enough CPC to reward the node holders in the future. Furthermore, we’ll establish a CPC economic model to make sure project sustainability.

As of May 3rd, 2018, the circulating supply is 283.765.852 CPC. The total supply is 999.999.999 CPC. Will they use the rest for CPC nodes? Will they create more CPC just for node holders?

Q: What are your main competitors? Did you have a role in the technology of VeChain in any way, and if so what was it?

A: There’s IOTA, INT, ITC, VeChain, and some other players in the market. Rather than our competitors, we would like to say they are our potential partners to improve the IoT industry together. For now, we’re concentrating on our core technology development. In the future, we’re expecting more tech cooperation with other projects, such as VeChain.

Notice how they again mention VeChain in here. They are not (yet) partners with VeChain, however, VeChain has invested in CPChain. Why? Nobody knows yet.

Q: What are the plans for CPChain to have a mass adoption in China, when the common Chinese isn’t allowed to buy tokens in exchanges?

A: In fact, Chinese government always holds the positive attitude towards blockchain technology and applications. We’re also actively seeking more strategic cooperation in Chinese IoT industry. We believe that CPChain technology will be applied in large scale in the future.

Not really an answer to the question. Although, as stated before, CPChain is in negotiation with SAIC Motor, a state-owned car manufacturer so we know China is definitely interested in blockchain technology and IoT in particular.

Q: When can we expect your masternodes and how many tokens will be necessary to set it up?

A: Masternode details will be revealed after CPC Mainnet goes online in October. Masternodes will be tiered with several layers, with regard to applicant’s CPC amount as well as computing contribution. More detailed layer division plan will be revealed in August.

Been asked so many times before and something almost everyone is waiting for. CPC masternodes will have a tier-system, much like VeChain currently has. Little info is known about the nodes so wait a little bit longer until August when they will reveal more info.

Q: How do you anticipate the evolution of specific hardware usage in the IoT blockchain world, e.g. from tiny nodes (e.g. a heart implant acting as a participant) to a master node (acting as worker, validating transactions)? Will you partner with a hardware supplier to produce specifically designed chips for CPChain?

A: We plan to develop the prototype of wearable devices. However, we prefer cooperating with hardware suppliers to produce at the current stage.

Not only are they thinking about wearable devices (such as the portable blood glucose meter that I mentioned in my other article) that are operable with IoT/blockchain, they are also going to develop their OWN devices… We know High Performance Blockchain is creating hardware and chips for blockchain technology. Did you know they also partnered with CPChain? 😎

Q: Is any of the technology associated with the patents held by CPChain currently being used by CPChain or any of their partners?

A: Not yet currently until our main chain online.

Mainchain (mainnet) will go online in October 2018. I expect big things to happen then.

Q: Could you elaborate on some of the advantages of being an academic startup in the IoT space? (e.g., technical knowledge, greater access to potential partners, exposure from conferences, etc…)

A: High R&D capabilities are required, including consensus protocols, cryptography, P2P networks, and distributed computing. We can achieve some resources from academic cooperation and association, such as showing our R&D achievement in ACM and IEEE. Dr. Long has already been invited as an editor of the IEEE Blockchain Newsletter recently.

I couldn’t find much about ACM and IEEE, only this: Dr. Long (CEO of CPChain) is also a senior member of the IEEE (Institute of Electrical and Electronics Engineers: the world’s largest technical professional organization dedicated to advancing technology for the benefit of humanity.

Q: Will machines take over the world?

A: Machines will not. CPChain will.

No comment. 😄