The goal of Hydro is to create standardized smart contracts, APIs, and dApps to be used by billions of customers in the financial services industry. Much like the world tech community goes to Apple and Google for standardized operating systems and products, Hydrogen can accomplish the same thing in blockchain for financial services applications. We believe there will be no need for “blockchain developers” within financial services, only developers with basic knowledge of APIs that can execute a suite of standardized smart contracts for all of the tasks needed to decentralize and secure financial applications.
A few months ago, we showcased a snapshot of our project to give everyone a better look at what’s ahead. In that short period of time, the Hydro developer community has expanded across the globe! Thanks to our HCDP, more developers are getting involved and growing our project even further. As we begin the transition from the Hydro Raindrop phase to Hydro Snowflake, we thought it would be time to further detail each phase and their features.
Remember, the Hydro token ecosystem is vast and interconnected. Most features of Hydro require movement of HYDRO tokens between users in the ecosystem, and others require staking of tokens by interested third-parties. The goal of the Hydro product is to create a large global decentralized network with millions of developers and billions of end users. Think of it in these terms — in the end, Hydrogen the U.S. company becomes obsolete in the running of the Hydro ecosystem.
Raindrop Phase
Raindrop is an authentication protocol, built on a decentralized and public blockchain, that the Hydrogen team believes will become an industry standard.
This Phase features:
- Hydro Raindrop Smart Contracts
2. Hydro Raindrop API — allows non-blockchain developers to interface directly with the Hydro Raindrop smart contracts
- Client Side — multi-factor authentication (including 2FA) for logins, transactions, or payments
- Server Side — can be used as a verification layer for access to systems and APIs that house sensitive, private, or critically important data
3. Hydro mobile app v1— security & identity management app (for Apple and Android operating systems) using the public blockchain. This dApp will be used for every phase of Hydro.
- Integration of Client-Side Raindrop API into v1 of the Hydro mobile app
- More secure and decentralized 2FA capabilities for any site globally, including logins, transactions, and payments
- Native push notifications to the user
- Integration of Ion AutoML API to produce fraud alerts
- Integration of the Atom’s Electron API for instant Raindrop authentication on any application built in the Hydrogen platform
4. Hydro Web Wallet, powered by MetaMask, available when logged into the Hydrogen website.
- Transfer HYDRO and ETH tokens between wallets in the Hydrogen ecosystem, while secured by the Hydro Raindrop
Snowflake Phase
Snowflake is an identity management protocol, built on a decentralized and public blockchain, that the Hydrogen team believes will become an industry standard.
This Phase includes:
- Hydro Snowflake Smart Contracts
- Hydro Snowflake API — allows non-blockchain developers to interface directly with the Hydro Snowflake smart contracts
- Individual users can create unique and immutable identities that are tied to the public blockchain
- Escrow contracts are created to manage token transfers to users
- Integration with global KYC providers through a connector to Hydrogen’s Atom Nucleus API
- Integration with global bank verification providers through a connector to Hydrogen’s Atom Nucleus API
- Creation of a global fraud and AML database, through integration with Hydrogen’s Ion AutoML API
3. Hydro mobile app v2 — all Raindrop features plus client Snowflakes are integrated into the mobile app, with a unique and fun UI
- Grant websites access to any data stored within the phone wallet and get transferred HYDRO tokens
- Instant KYC and one-click onboarding with participating companies that are in the Hydrogen API ecosystem
- Partnership with governments on global passport and digital ID initiatives
Ice Phase
Ice is a document management protocol, built on a decentralized and public blockchain, that the Hydrogen team believes will become an industry standard.
This Phase includes:
- Hydro Ice Smart Contracts
- Hydro Ice API — allows non-blockchain developers to interface directly with the Hydro Ice smart contracts
- Open architecture document management framework
- Decentralized notarization network
- Integration with global document signing and management providers through a connector to Hydrogen’s Atom Nucleus API
- Integration with Hydrogen’s Atom Nucleus API for one-click onboarding of financial accounts that require user agreements
3. Hydro mobile app v3 — all Raindrop and Snowflake features plus the ability to stamp, authenticate, verify, and seal any document or contract sent by a Hydrogen partner application
- Users can view and authenticate documents and contracts on the app
- Users can stamp and seal any document or contract signed through a third-party document management application
- Accredited Notaries can stake into HYDRO to authenticate any documents
- Document portal on the app links to transaction hashes on the blockchain
Tide Phase
Tide is a payment protocol, built on a decentralized and public blockchain, that the Hydrogen team believes will become an industry standard.
This Phase includes:
- Hydro Tide Smart Contracts
- Hydro Tide API — allows non-blockchain developers to interface directly with the Hydro Tide smart contracts
- Open architecture payment structure
- Decentralized micro-transactions for unbanked customers
- Integration with Hydrogen’s Atom Nucleus API for banking APIs
- Integration with Hydrogen’s Atom Nucleus API for credit card APIs
- Integration with Hydrogen’s Atom Nucleus API for payments APIs
- Integration with Hydrogen’s Atom Nucleus API for digital wallet APIs
- Potential interoperable integrations into third-party decentralized payment protocols
3. Hydro mobile app v3 — all Raindrop, Snowflake, and Ice features plus a native mobile wallet
- Use Hydro for micro-transactions in unbanked areas
- USD and other currency wallets
- Multi-crypto wallet funcationlaity
- P2P payment capability
- One-click native authorization of debit and credit POS transactions
- International payment and remittance feature
Mist Phase
Mist is an artificial intelligence protocol, built on a decentralized and public blockchain, that the Hydrogen team believes will become an industry standard.
This Phase includes:
- Hydro Mist Smart Contracts
- Hydro Mist API — allows non-blockchain developers to interface directly with the Hydro Mist smart contracts
- Complete integration with the Hydrogen Ion AutoML API, with tokens running the API processsing
- Save and train models on the public blockchain
3. Decentralized Data Science Platform
- Rewards developers for training and implementing the best models, eliminating the need for most firms to hire data scientists
- Data cleaning and other analytical tasks completed by global community of token holders
- Uses data gathered from Hydrogen Atom and Ion APIs to create decentralized machine learning capabilities
- Creation of global shared NLP library to automate bots and assistants across financial services
Hydro Development
The Hydrogen team runs on an agile methodology. All of the tasks listed above are included in what’s called “sprints,” with product owners, “scrum masters,” and individual team members that are responsible for executing the tasks. Sprints typically last 2–3 weeks, and have defined goals and themes.
Creating the Hydrogen APIs and apps is a team effort that comprises product managers, backend developers, frontend developers, designers, and sales/marketing staff.
Follow our blog for developer updates every Friday afternoon from the team!
