JustPaste.it

This is a google translated speech of Xiaoming Wang from China Big Data Expo 2019

 

The Planetary Daily’s exclusive report on the 2019 Global Blockchain Technology Development Forum (GBF), hosted by the Organizing Committee of China International Big Data Industry Expo, hosted by China Information and Communication Research Institute, and supported by Tel Yingfu and Odaily Planet Daily, on May 28th. Grand opening in Guiyang.

 

Wang Xiaoming, founder and CEO of HPB core chain, delivered a speech on the theme of “HPB Core Chain: Innovative Blockchain Infrastructure”.

He said that the main factors that hinder the blockchain are four aspects: TPS performance, high transaction costs, security risks, and poor user experience.

Wang Xiaoming proposed to reform the blockchain infrastructure by combining software and hardware. The BOB acceleration engine of the HPB core chain can realize 100% random randomness by randomly fluctuating physical quantities such as voltage and temperature of the acquisition hardware, and can solve many commercial application scenarios such as the car number, the welfare lottery and the game lottery, the node campaign and the like.

In the speech, Wang Xiaoming revealed that HPB has cooperated with dozens of ecological partners including UnionPay, LAYA.BOX and China Electronics Technology. In addition, Tsinghua University, Fudan University and other well-known domestic universities have also reached cooperation with HPB.

Wang Xiaoming also introduced the relevant details of the HPB node plan: HPB nodes are spread all over the world, mainly in China, Europe, America, Japan, South Korea, Southeast Asia and other countries and regions; 150 nodes in total, 31 high-performance nodes; 70% of them are campaign nodes, 24 % invites nodes, 6% Foundation holds. It is reported that the HPB node plan was announced in June 2018.

Finally, Wang Xiaoming said that he believes that he has entered the era of web3.0 and let the data return to the individual. “Before all of us paid 80% to the platform, we got 20%. In the 3.0 era, it may be the opposite, we get 80%, the platform may be 20%. This technology can really promote the entire prosperity of the economy. And vitality, so I am very honored to be involved in this industry.”

HPB core chain is the only public chain exhibitor of China International Big Data Industry Expo. According to Okex exchange data, HPB rose more than 30% today.

The following is the full text of Wang Xiaoming’s speech after editing by Odaily Planet Daily:

Dear guests, good morning everyone. I am the founder of the HPB core chain. The theme I shared today is “Innovative Blockchain Infrastructure.”

Our HPB is the world’s first self-developed programmable chip that enhances the performance of blockchain processing services through a combination of hardware and software.

As a practitioner in the blockchain industry, we have been trying to change the future. Before we change the future, we must first look at the history of the industry and the problems it faces.

Let’s take a look, what exactly is the blockchain?

Compare the respective advantages of the current system and blockchain. The data in the current system is stored and processed centrally, so it is vulnerable to network security attacks, but its performance is very good, which is its advantage.

The data in the blockchain system is distributed and encrypted, so its security is greatly improved, but because of the distributed storage processing of data, its performance is very low.

Take a look at the blockchain 1.0 bitcoin. In 2008, the Bitcoin point-to-point electronic cash system was proposed. This represents the development of the bitcoin landing ATM, from 0 to several thousand, showing an exponential development. Bitcoin is being used by more and more people. Know well and become a global digital currency.

Why do you have Ethereum in Bitcoin? Because bitcoin cannot be satisfied when we are doing complex operating systems, the reason for the birth of Ethereum is that it provides programmable transactions in addition to distributed storage. It is precisely because of the existence of such systems as Ethereum that programming transactions become Possibly, programming transactions are a multi-million-dollar digital economy, which is a very promising market.

Bitcoin and Ethereum are innovations in the industry, but they cannot be widely used for system and performance reasons. This is a pity. Let’s take a look at a few issues that currently exist in the blockchain:

 

The first problem is its TPS performance, including the Internet congestion of many public chains such as Ethereum for more than half a month. It is only half a month after a transaction is submitted, which is obviously unrealistic.

There are also high transaction costs, and transaction costs can be high when congestion occurs.

Then there are security risks, including the imperfection of smart contracts, resulting in a single loss of more than 10 million. The existence of these security issues has made it impossible for some key industry applications, such as financial industry applications, to solve current problems.

There is also a bad user experience. In addition, the cost of converting engineers from traditional technology architecture to blockchain technology architecture is very large, and effective learning production is prohibitive.

This is a major issue facing the blockchain industry.

So how do we try to solve these industry problems?

Our hardware is called BOE, we have been in mass production for a year, and it includes three core modules.

The first is a heterogeneous parallel computing technology based on BOE to improve node performance.

Everyone knows that there are several aspects to the performance of blockchain. The first is single-machine computing performance, the second is network concurrency, and the third is control algorithm.

HPB has done hardware acceleration in these three areas. Each transaction in the blockchain needs to be signed, so the efficiency of the signature technology directly leads to the performance of the entire system. At present, the industry practice is to sign the signature through software, and its upper limit is about 2000 pens per second. We can edit it. The chip is hardware-signed, reaching 1000 pens per second, plus the CPU’s calculation and signature cache. These three add up to 25,000 pens — 30,000 pens. This is because such a high-performance signature technology makes us The whole performance reaches 5000 pens per second, what concept? It is possible that many key applications may run on such systems, so this technology lays a good foundation for large-scale commercial use. The entire blockchain technology is basically built on the unit.

The second is to combine BOE to provide a simple and reliable true random number service.

There have been many security incidents in the blockchain field, with a single loss of tens of millions, so random numbers are a very good solution.

Our idea is to get some data from the physical world through hardware, because the physical world is an irremovable dimension. There are hardware in our system, and the data of the physical world such as voltage and temperature is collected through hardware, so that the random number that is truly non-removable is obtained.

The random number mainly includes three aspects: the first aspect collects the voltage temperature, and then takes several decimal places to get a random number. The second fully combines the mechanism of the blockchain consensus process, and adds the random value, plus the previous random number, to generate the random number of the current blockchain, and makes a second security guarantee. Third, if you want to get this random number, what do you do? You need to take the value of the previous block to guess, the time left for you is very short, and these values ​​are unpredictable, even if you get it, you have to be able to verify it. Once you find that you are doing it, you will be taken The data is discarded. Therefore, through these three points, the hardware random number is completely guaranteed.

Random numbers seem to be a topic of comparative technology, and a few examples are helpful to understand. For example, your welfare lottery, or real estate lottery, if these things have a very feasible process, we are willing to participate, once the real questioning problem is solved, including finance, including many key scenarios, it is possible to build on the blockchain.

Many of the guests mentioned earlier how we can make blockchain technology empower the entity, because the blockchain is completely isolated, independent world, and can not interact with the outside world.

But with such a hardware system, it is possible to connect the system with the Internet of Things in the future, which means that it is possible to graft with the entity. I think through the explanation of these cases, you can see the application value of random numbers in the blockchain.

The third is to combine BOE to provide reliable privacy protection for uplink data.

A lot of data is open and open source, but the data also needs privacy protection, so we provide a trusted secure computing hardware intelligent virtual machine, and a secure privacy smart contract.

With these two tools, your data will run in an isolated hardware environment, greatly improving security. There is also the transmission, input and output of data are encrypted to ensure the security of the data. From these points of view, the security solution allows some key applications to try to use the blockchain.

This is the three core modules of BOE.

Finally, the blockchain public chain is to be globalized. Our main chain has been on the line for one year. At present, the nodes are all over the world, mainly in China, Europe, America, Japan, South Korea, Southeast Asia and other countries and regions, with a total of 150 nodes and 31 highs. Performance node. Some of these nodes are generated by the campaign. We also invite some credible universities and research institutions to join in, making the whole system more credible. We currently have many partners, both domestic and national partners.

In addition to our business partners, we have also cooperated with research institutes. Together with Tsinghua University, we have established a blockchain technology innovation and regulatory policy research fund.

A brief review of the history of the Internet and blockchain. From the Internet of media information to web2.0, today, I believe that it is really a web3.0 era, let the data return to the individual.

This is a very exciting change. It used to be 80% for all of us and we got 20%. In the 3.0 era it may be the opposite, we get 80%, and the platform may be 20%. This technology is truly able to promote the entire prosperity and vitality of the economy, so I am very honored to participate in this industry.

thank you all!