The development of 5G is gaining momentum with an increasing number of countries issuing licenses to telecom providers. China, for example, in June granted four licenses to domestic operators, including China Mobile, China Unicom and China Telecom. It doesn’t come as a surprise that China is among the first countries taking this step. Chinese smartphone and communication equipment manufacturer Huawei is one of the world leading companies in the field of 5G equipment.
However, Huawei has been facing serious headwinds amidst security concerns by various governments around the world, as they suspect the company to build in so-called backdoors in its systems enabling them to spy and share this information with the Chinese goverment. Countries in the European Union are skeptical and debating whether it should ban Huawei equipment from its 5G infrastructure. Australia already took the step to ban the Chinese giant and the US made it part of the trade war between the world’s two biggest economies.
Regardless the suspicions of governments across the globe are true or not, any country should just be sure that running the 5G is safe whether it be Huawei, Ericsson or Nokia providing the core equipment. Blockchain start-up Hyper Speed Network (HSN) might well be the answer to these concerns. As the world’s first 5G+Blockchain value ecosystem, HSN provides solutions to the common problems blockchain is facing. At present, consensus, transaction processing, and data throughput cannot meet the needs of complex application scenarios and the increasing amounts of data.
Technological Advantages HSN
To address the abovementioned issues, HSN’s R&D team developed an innovative architecture that will enable seamless integration of blockchain with 5G networks, including:
- Edge Nodes
- Miner Nodes
- File Encryption & Deduplication
- Blocking Technology
- Layered Consensus Mechanism
- Side Chain 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 is developing a secure network and trust mechanism for connected terminals/devices under the 5G architecture. In short, HSN’s network will provide:
- High Throughput: tens of millions of TPS
- Big Capacity: unlimited storage
- High Reliability: double-layer consensus
- Diversity: innovative smart contracts, multi-scenario adaptation
- High Compatibility: cross-chain support, low developer threshold
- Low Cost: optimized economic model, low operating cost
The HSN team is eager to contribute to push the development of 5G and blockchain to the next level. Several patent applications have been filed, all of which will be disclosed in the near future once final approval has been granted.
Over the last few weeks, HSN has announced several significant partners that will use 5G related products and services.
Firstly, HSN’s subsidiary and development company TenBay IoT signed a strategic cooperation agreement with Lenovo, the famous computer hardware manufacturer. HSN will, among other things, provide Smart Storage devices 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.
Another remarkable partnership included the agreement HSN signed with MeiG (listed on the stock exchange in Shenzhen) to jointly improve mobile broadband (eMBB), massive machine type communication (mMTC) and low latency high reliability communication (uRLLC) to create better 5G products and solutions.
Furthermore, HSN together with Shenzhen JieShun Technology (listed on the Shenzhen stock exchange) won the bid to create a ‘smart’ scenic spot. The companies will be in charge to develop a “Intelligent Scenic Spot Platform”, including 12 software systems such as ticket sales, scenic spot pass card, shop sales, equipment leasing, and attendance management, etc. Lastly, HSN’s subsidiary TenBay IoT won a bid from Redtea Mobile to provide 4G/5G eSIM solutions.
HSN has been trading on several exchanges since it first launched on MXC in June. By now, it is trading on almost ten exchanges including Dragonex, MyToken, IXX, BT Exchange, GOKO Exchange and Ronance. The team is currently negotiating with several other exchanges to get 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 also storage space for massive data generated by these devices and computing power for value exploration based on this data. Blockchain asymmetric encryption and smart contracts ensure data security; the token economy incentivizes users to actively contribute their idle computing and storage resources.
HSN has made great progress over the last 4 months and will continue to do so. As the global leader in 5G + Blockchain, it will ensure safe and secure usage of any connected device in the IoT era. Check out the complete roadmap to see what’s next for Hyper Speed Network!
Where to find HSN
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