What is HPB?
HPB is short for High Performance Blockchain. HPB aims to provide a unique mix of software, combined with hardware acceleration, to drastically improve data speed and transfer. The team say they will be able to do up to 1,000,000 transactions per second. To put that in context, Ethereum can process a maximum of around 15 transactions per second and Bitcoin can do around 7. Extending out past cryptocurrencies, Visa are said to be able to process 24,000 transactions per second … That’s some impressive numbers HPB are putting out there.
Transaction Per Second (TPS) congestion is a major issue currently being faced by blockchain technology and HPB are the first in the world to successfully apply hardware and software in an attempt to combat this. The core of HPB is their BOE (Blockchain Offload Engine) which is a diverse computing system which is responsible for the BOE hardware, firmware and any compatible system software.
By integrating CPU serial processing and FPGA/ASIC parallel processing, HPB can ensure high-performance and high-concurrency throughout.
Who are HPB looking to benefit?
Generally speaking, any company or industry that will be passing large amounts of data. In their whitepaper they mention companies like Alibaba, Tencent and Baidu. If you’ve never heard of these companies, trust me, they’re absolutely massive, Baidu for example is China’s Google and is the 4th most visited website behind Google, Youtube and Facebook.
There isn’t just a few big names that HPB could benefit though, they’re looking at the IoT (Internet of Things), medical and financial sectors. Basically, if you can imagine these billion-dollar companies who are passing huge amounts of data per second, HPB can improve them in ease and speed of data and transactions.
The HPB Team
To be a success you need more than just a great idea and vision, you need a great team behind that, driving and pushing the project … HPB certainly have that.
At the top of the helm you have Xiaoming Wang, the CEO and Founder of HPB, vastly experienced in the sector and written multiple books on Blockchain technology.
Amongst the advisors you have Zongru Wan, PhD, a Nobel-Prize winner who has previously worked with the likes of eBay and UnionPay Smart.
Further advisors are on the team from UnionPay Smart in the form of Executive President Kai Long.
Adding more strength on the Advisory board comes in the experience of OKCoin co-founder and Bibox Founder Zhen Lei.
This really is a strong team I would recommend checking out fully.
Investors and Partnerships
This area alone should peak your interest and have you reaching to add HPB to your own portfolio as such Investors include NEO, Capital, Lei Zhen (founder of OKcoin), and more.
If you needed to top NEO, then how about a partnership with UnionPay?
Taken from Page 19 of the Whitepaper;
“After listening to the design concept of HPB, China's largest financial data company
UnionPay Smart has established a partnership with HPB. As a part of UnionPay,
UnionPay Smart is specialized in big data innovation business and currently handles
80% of China's banking transaction data, with an annual turnover of 80 trillion Yuan.
With the common goal of technological practice and exploration of big financial data
and high-performance blockchains, HPB is currently collaborating with UnionPay on
the authorization, certification, and traceability of big data. The tentative launch time for
this project is Q3 2018.”
Trading
HPB is currently trading on a number of exchanges and at time of writing is $1.05 USD. The largest exchange in terms of volume comes from OKEx, closely followed by Bibox.
Taken from Coinmarketcap
Sources
Website: http://hpb.io/
Whitepaper: http://www.hpb.io/files/hpb_white_paper_en.pdf
Reddit: https://www.reddit.com/r/HPB_Global/
Telegram: https://t.me/hpbglobal
Twitter: https://twitter.com/HPB_Global?lang=en
Facebook: https://www.facebook.com/HPBGlobal/
Github: https://github.com/hpb-project
That partnership with UnionPay is massive, I'm surprised we don't hear more about HPB in the general crypto world.
OMG, why I'm finding out about UnionPay partnership just now? They should scream at every corner about this mega event!
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