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Thedevelopment of 5G is gaining momentum with an increasing number of countriesissuing licenses to telecom providers. China, for example, in June granted fourlicenses to domestic operators, including China Mobile, China Unicom and ChinaTelecom. It doesn’t come as a surprise that China is among the first countriestaking this step. Chinese smartphone and communication equipment manufacturerHuawei is one of the world leading companies in the field of 5G equipment.
However,Huawei has been facing serious headwinds amidst security concerns by variousgovernments around the world, as they suspect the company to build in so-calledbackdoors in its systems enabling them to spy and share this information withthe Chinese goverment. Countries in the European Union are skeptical anddebating whether it should ban Huawei equipment from its 5G infrastructure.Australia already took the step to ban the Chinese giant and the US made itpart of the trade war between the world’s two biggest economies.
Regardlessthe suspicions of governments across the globe are true or not, any countryshould just be sure that running the 5G is safe whether it be Huawei, Ericssonor Nokia providing the core equipment. Blockchain start-up Hyper Speed Network (HSN) might well be the answer to these concerns. Asthe world’s first 5G+Blockchain value ecosystem, HSN provides solutions to thecommon problems blockchain is facing. At present, consensus, transactionprocessing, and data throughput cannot meet the needs of complex applicationscenarios and the increasing amounts of data.
Technological Advantages HSN
To addressthe abovementioned issues, HSN’s R&D team developed an innovativearchitecture that will enable seamless integration of blockchain with 5Gnetworks, including:
- EdgeNodes
- MinerNodes
- FileEncryption & Deduplication
- BlockingTechnology
- LayeredConsensus Mechanism
- SideChain Technology
As these technical concepts might be hard to understand for the average person in the crypto space, the HSN team launched their “Technical Analysis” series. Part I was published a few weeks and went into detail about deduplication, Part II followed last week. In an earlier stage articles about HSN’s 5G MEC Communication Module and its innovative edge computing technology were published.
HSN isdeveloping a secure network and trust mechanism for connected terminals/devicesunder the 5G architecture. In short, HSN’s network will provide:
- HighThroughput: tens of millions of TPS
- BigCapacity: unlimited storage
- HighReliability: double-layer consensus
- Diversity:innovative smart contracts, multi-scenario adaptation
- HighCompatibility: cross-chain support, low developer threshold
- LowCost: optimized economic model, low operating cost
The HSNteam is eager to contribute to push the development of 5G and blockchain to thenext level. Several patent applications have been filed, all of which will bedisclosed in the near future once final approval has been granted.
Partnerships
Over thelast few weeks, HSN has announced several significant partners that will use 5Grelated products and services.
Firstly,HSN’s subsidiary and development company TenBay IoT signed a strategic cooperation agreement with Lenovo, the famous computerhardware manufacturer. HSN will, among other things, provide Smart Storagedevices and 5G routers.
Shortly afterwards, HSN announced its second major partner: Quectel Wireless Solutions. Listed on the Shanghai stock exchange and annual revenues of over USD200 million, Quectel has been a global leader in IoT related devices and services for over a decade. The company selected HSN’s subsidiary TenBay IoT to provide 5G terminal application products and integrated solutions.
Read “China has more than Huawei – Hyper Speed Network, combining 5G with Blockchain Technology” – An exclusive interview with HSN’s team
Anotherremarkable partnership included the agreement HSN signed with MeiG (listed on the stockexchange in Shenzhen) to jointly improve mobile broadband (eMBB), massivemachine type communication (mMTC) and low latency high reliabilitycommunication (uRLLC) to create better 5G products and solutions.
Furthermore,HSN together with Shenzhen JieShun Technology (listed on the Shenzhen stockexchange) won the bid to create a ‘smart’ scenic spot. The companies will be incharge to develop a “Intelligent Scenic Spot Platform”, including 12 softwaresystems such as ticket sales, scenic spot pass card, shop sales, equipmentleasing, and attendance management, etc. Lastly, HSN’s subsidiary TenBay IoTwon a bid from Redtea Mobile to provide 4G/5G eSIM solutions.
Exchanges
HSN hasbeen trading on several exchanges since it first launched on MXC in June. By now, it is trading onalmost ten exchanges including Dragonex, MyToken, IXX, BT Exchange, GOKO Exchangeand Ronance. The team is currently negotiating with several other exchanges toget listed, including those most frequently used by HSN’s western community.
Following the coin’s overall performance can be done at CoinGecko and Feixiaohao (Chinese), Coinmarketcap is expected to follow in the near future. For those tracking the value of their crypto portfolio through a smartphone app; Delta already included HSN.
Essentially,HSN provides not only a communication channel for smart 5G devices but alsostorage space for massive data generated by these devices and computing powerfor value exploration based on this data. Blockchain asymmetric encryption andsmart contracts ensure data security; the token economy incentivizes users toactively contribute their idle computing and storage resources.
HSN hasmade great progress over the last 4 months and will continue to do so. As theglobal leader in 5G + Blockchain, it will ensure safe and secure usage of anyconnected device in the IoT era. Check out the complete roadmap to see what’s next for Hyper SpeedNetwork!
Where to find HSN
Website: https://cryptofans.ru.hsn.link/
Telegram: https://t.me/hyperspeednetworkhsn
Twitter: https://twitter.com/HSpeedNetwork
Medium: https://medium.com/@hyperspeednetwork2019
This is a submitted sponsored story. China Crypto News urges readers to conduct their own research with due diligence into the company, product or service mentioned in this article.
