CPChain Insights With Founder Dr. Long: IoT + Blockchain

At the Hannover Messe 2013, the German government proposed the concept of “Industry 4.0”, marking the full use of the fourth global industrial revolution of the Cyber-Physical System. Big data, artificial intelligence, the Internet of Things, quantum computing, and blockchain have become the core technologies in the new stage of Internet development. In this international circle, China faces unprecedented opportunities and challenges.

ChinaCryptoNews had the privilege of conducting an in-depth interview with Dr. Long Chengnian, the founder of CPChain. As one of the new talents of the Ministry of Education of China, Dr. Long Chengnian has been deeply involved in the field of Internet application technology for more than 20 years.

As a result of his fascination with the technology behind the Ethereum platform and his career background, Dr. Long founded CPChain in early 2018 along with two other experts in their fields. Nowadays, the whole team has more than 40 people including more than 20 developers, currently hiring. CPChain aims to combine the blockchain technology with the Internet of Things to build a data platform, to provide a full-process solution from data collection, storage and sharing to an application. CPChain, which has been favored by many investors across China and abroad, is a non-ignorable competitor regarding the “Industry 4.0” in China.

Dr. Long Chengnian said that CPChain focuses on smart transportation, health and medical care for the early stage of the project, combining blockchain technology with the Internet of Things. Where blockchain shall help to establish trust between the involved parties, provide a big database for IoT, using artificial intelligence to make decisions and form interaction and application of data assets across the industry.

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Taking the smart automotive industry as an example. The core of its ‘smartness’, its network, and its electrification is the construction of a data-sharing ecosystem. Today’s competition in the automotive industry is not only the ‘simple’ hardware anymore, but more so the software, after-sales service, and it is rapid growth.

GM’s OnStar Information Service System is a system based on all aspects of vehicle data to provide drivers with services such as emergency assistance, vehicle positioning, and vehicle inspection reports. However, the actual user frequency is minimal and not as user-friendly. On the other hand, we have SAIC Motor and Alibaba that created Banma (斑马), which provides the automotive industry with integrated solutions to the ‘Internet Car’, but there is also security issue – i.e. centralization – for automotive companies to hand over data to internet cloud service platform firms.

“The future of the automotive industry requires building a shared data ecosystem across automotive brands and service providers.” Dr. Long Chengnian said, “CPChain also combines the decoupling, data open sharing and other features of the blockchain technology to provide in-depth solutions for car manufacturers”

 

 

CPChain aims to solve the problem of data control, authorization and transaction by tracing the data and achieving a trustworthy network. They target to enter the market via shared cars by providing solutions for problems such as scheduling, docking and monetization.

In the field of smart medical care, CPChain has various cooperations with many institutions across China and abroad. Their products include home medical robots, hospital service robots, and drug traceability systems.

“Now the IoT + blockchain combination is still a ‘blue ocean’.

According to reports, the Pdash data sharing agreement of CPChain has reached the technical standards of the GDPR (EU General Data Protection Regulation), which was officially implemented this year. Therefore being GDPR approved. At the same time, CPChain is also a member of a number of international alliances related to the blockchain industry, including the MOBI Blockchain Automotive Alliance, the Trusted IoT Alliance (TIOTA) the IEEE International Institute of Electrical and Electronics Engineers, etc. In addition, Dr. Long said they are deeply involved in developing the Internet of Things and blockchain data sharing protocol standards with various institutions.

“The government has given, the Trusted IoT Alliance (TIOTA) a lot of encouragement and support. But, we are actively looking for overseas partners and look forward to more in-depth exchanges with companies that are sensitive to digital strategies.” Dr. Long said.

 

 

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