HPB — High Performance Blockchain: The “Unlimited Speed Evolution”
High Performance Blockchain is a very promissing & award winning Blockchain project positioned as the world’s first easy-to-use high-performance Blockchain platform that is combining hard- and software with the aim to extend the performance of distributed applications to meet real-world business needs.
HPB is aiming to solve the 4 main issues with Blockchains right now — namly TPS Performance, poor security, high transaction fees and the difficulty in developing DAPPs with of course a heavy focus on the performance point.
The target of HPB in terms of high performance is at:
1 million Transactions per second (TPS)
3 second confirmation time
Through this achievments HPB wants to become the standard for business applications that require handling of billions of data points with extreme low latency.
But how can this be acchieved in reality?
The Design Concept
HPB’s architecture consists of software- and hardware architecure parts and is a fusion of high performance computing blockchain (HPC), cloud computing, hardware systems with distributed core nodes, a HPC powered universal communication network and a HPC powered cloud platform. This results in a 3-layered architecture meaning that there is an application layer on top, the “HPB bottom layer” below which contains all software logic (consensus algorithm, smart contracts, APIs, security, the software side of the accelerator engine, etc.) and the “pysical layer” on the bottom which contains the hardware parts of HPB (the BOE acceleration engine, etc.). One of the specialities of HPB is that it uses a general virtual machine mechanism which means that besides the Ethereum virtual machine (EVM), it is also able to use the NEO virtual machine (NeoVM — HPB is the first blockchain supporting the NeoVM) and others if the market demands it in the future.
But what’s awesome tech when you don’t have a good team backing the project?
The Team / Advisors & Investors / Partners & Exchanges
Here we see a lot of interesting people / companies:
The founder and CEO Wang Xiaoming is also the founder of Shanghai Zhaoxi Network Technology Co. an what is most interesting, co-founder of UnionPay Smart (we’ll come back to that later). He is also a early blockchain innovator which makes him a highly respected blockchain and crypto expert in China. He also wrote several publications on this topic and has spoken at multiple crypto/blockchain events all around the globe. He also has strong ties to NEO.
One of his co-founders is Li Jinxing, a research and blockchain expert was an analyst at Guotai Junan securities, which is one of the largest investment banks in China.
Besides those two we have 50+ people coming from Huawei, Intel, Deloitte and several major Chinese companies working for HPB.
Among the advisors are Wan Zongru, who was part of a CERN-related experiment and research group which went on to win a Nobel prize, Long Kai who is the executive president of UnionPay Smart (again — I’ll come back to this later), Chen Zhen the president of the very successful Dongfang Fuhua Fund and a lot of other big names.
The Investors include NEO (that’s why HPB is the first one to use the NeoVM), TimeStamp Capital (Major Chinese investment), Lei Zhen (founder of OKcoin), OK Capital, BlockWater Capital, Bixin, 8BTC, Krypital Capital, Xianghe Capital, Jitan Capital, Supernode Capital, Continue Capital, Bitcoin World, Jike Xueyuan, Pchain, Block Origin and Guanghe Fund.
The picture above one resembles a selected list of partners — in reality there are more: Add SharesChain, Pchain, etc.. The latest addition is the SME Finance Forum in International Finance Corporation (IFC) of the World Bank Group. The World Bank Group is one of the world’s largest sources of funding and knowledge for developing countries. Its aim is to reducing poverty, increase shared prosperity, and promote sustainable development.
The one partner I want to talk about in this article is UnionPay Smart:
UnionPay Smart is specialized in big data innovation business and a subsidary of UnionPay. UnionPay currently handles 80% of China’s banking transaction data, with an annual turnover of 14,95 trillion US dollars. Union pay currently operates in 168 countries and regions, covering over 51 million merchants and 2.57 million ATMs. UnionPay is also supporting the upgrading of the payments industry along the “One Belt, One Road” initiative.
It will also be the company with which HPB will do it’s first project. The topcis of this project will be authorization, certification, and traceability of big data.
The tentative launch time for this project is Q3 2018. This is also one of the 3 use cases already defined in the HPB white paper.
The 3 use cases currently listed are
Smart big data
In short this is about security, privacy and availability for big data which can’t be taken care of centralized IT systems which could deal with the efficiency needs but not with things like data leakage, lack of transparency, data incompleteness, etc.. A distributed Blockchain ecosystem which is able of fulfilling high performance needs — HPB — is needed for such a use case.
That’s the classical use case of Blockchain — HPB comes into play when a large scale implementation is needed.
Gaming: Virtual currencies and items
Since HPB supports a stable million-level concurrency it can be widely used in the online gaming industry for providing decentralized virtual game currencies and securely transferring in-game products across different platforms and not only inside one games/publishers/organizations closed ecosystem.
The roadmap is quite ambitious thinking about HPB needs to develop both hard- and software. But by now they met their targets and only have a slight delay on their Mainnet launch (instead they had their BOE launch at the beginning of July which wasn’t even on their initial roadmap — so that’s a good excuse for me)
The token economics are listed in the picture and more details can be found in the white paper http://www.gxn.io/files/hpb_white_paper_en.pdf
More details on the node plan besides the ones which are in the picture can be found under: https://medium.com/@HPB_Backup/hpb-node-plan-19-06-2018-9ee213771b87
High Performance Blockchain:
One Belt, One Road initiative: