Research conducted by the Financial Inclusion Commission revealed that about 1.5 million adults remain completely "unbanked" in the UK today. In addition, a further 20% of the UK adult population are thought to be "underbanked”, meaning that they have poor access to the mainstream financial services traditionally offered by financial systems.
Research has indicated that people tend to move fluidly between these groups with some consumers even choosing to "unbank" themselves after poor customer experiences with financial systems.
However, fintech developments have a huge inference on the global financial services landscape, and customer attitudes to data privacy and protection are changing fast in both the business and consumer markets. Also, global GDP growth is on the rise, coupled with the population growth and the number of people using the internet is also on the rise, currently sitting at 4.087billion. Most financial systems tend to take advantage of this by making use of the digital space to better reach out and provide services to their customers.
However, the major challenge is, this makes financial systems more vulnerable to cyber-attacks.
In addressing these gaps, Hydrogen intends to leverage on blockchain technology to provide a platform for a better, simpler, fairer, more transparent, and more affordable financial products. This platform will engender a new digital economy that will uplift and empower an emergent class, thus bringing fintech to the masses. Through the public blockchain, the hydrogen platform aims to bare its light, modular, and global REST APIs to private systems, in order to help reduce the time and expenditure involved in designing and operating financial services applications.
The Hydrogen platform, through a modular set of global APIs, will enable new and existing private systems to smoothly integrate and utilize the fixed & transparent dynamics of a public blockchain, in order to magnify their identity management, artificial intelligence, transactions, and application security.
The REST APIs is accessible to developers and enterprises, in order to build sophisticated financial technology products and platforms. Also, an open source software called ‘Raindrop’ will be made available to developers globally, so as to enable them to integrate any REST API with the hydro raindrop. With the use of Raindrop technology on the hydrogen public blockchain, enterprises will be able to better enhance the security of their systems through public authentication, because it was designed to provide additional security for sensitive financial data that is increasingly at risk from hacking and breaches.
The hydro token is implemented on the Ethereum network. However, private systems will leverage on the hydro public blockchain to easily build fintech platforms, by using hydro REST APIs such as the hydro atom, hydro blockchain and hydro ion.
The hydro atom will help private systems to build, manage, and grow financial applications, while the hydro blockchain will allow them smoothly leverage the public blockchain in private financial systems. On the other hand, the hydro ion will enable private systems to run dozens of machine learning models on any dataset with the click of a button.
The hydro team consist of seasoned engineers and developers, data scientist, and designers.
Please visit for more information https://www.hydrogenplatform.com/ for more information.
Whitepaper: https://www.hydrogenplatform.com/white-papers/Hydro_Raindrop_White_Paper_English.pdf
Medium: https://medium.com/HydrogenAPI
Twitter: https://twitter.com/HydrogenAPI
Telegram: https://t.me/projecthydro
Beautiful write up , i will surely do more research on the project and invest on it , thanks for the information shared
And you will be happy you did... Don't hesitate to join social media for more information
Nice article.. Will surely look into it.
Will look into this
Thumbs up
This is definitely a good project
You can say that again
Your style of writing is unique, keep it up.
Lovely article, I believe Hydro 2FA will be the next big thing to happen, explicitly written.
Thanks for this insightful piece .. No wonder hydrogen is the no 1 element .
This project must have a good team behind it. How on earth can a coin like this moon with this type of high supply.
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STOPGreat content, nice project, am already an investor.
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