Cyber-Physical Chain (CPChain) profoundly integrates blockchain with the Internet of Things (IoT) to effectuate a decentralized and trusted brand-new distributed IoT systems. It can lessen the expense of system interconnection, increase the utility of data sharing, and guarantee user privacy and system security. CPChain concentrates on the scalability, security and real-time concerns that blockchain faces in the Internet of Things industry. By combining the three technologies: blockchain, Internet of Things and distributed encryption storage and computing, it develops a new generation of Internet of Things, which can accommodate complete solutions for data acquisition, sharing and application in IoT industry.
CPChain converges on multi-party data transactions and IoT-big-data-based Artificial Intelligence (AI) decision-making applications, practices multi-faceted trust and complex data interconnection, and resolves the pain points in the industry. Furthermore, an explosive and innovative business model of the new generation of data sharing is established based on CPChain.
CPChain’s Parallel Distributed Architecture
CPChain strives to build a primary data platform for the IoT system, implementing a full process solution for data acquisition, storage, sharing, and application. CPChain will break through the center underlying technology of the application of blockchain in the Internet of things system, and give the infrastructure for the sharing and transaction of the data in the Internet of things. On CPChain, it builds data aggregation and real-time data flow applications to maximize the value of the Internet of things data. The decentralized blockchain system needs the whole network node to run on the same transaction (data), which has great disadvantages from calculation and storage. It cannot provide full play to the collaborative ability of the distributed network system.
The decentralized system can only follow the “barrel principle,” so it is not scalable. CPChain introduces the concept of separating the data layer from the control layer, constructs parallel architecture to enhance system scalability, implements an open data sharing function while guarding user privacy, and adopts a distributed storage system. The user’s data is encrypted and uploaded to the cloud to decrease the storage weight of the blockchain and to ensure the integrity and accuracy of the data.
The CPChain Team
The CPChain R&D team is a global, knowledge-structured, dynamic team. The founding team members comprise top talent from universities, the Internet of Things industry, financial security corporations and business enterprises.
CPChain Economic Models and Utilization
CPC is a principal asset on CPChain, CPC’s worth origin is that it can efficiently distinguish and measure digital economic activity. The value of CPC is based on two reasonable business requirements. One is that the application of CPChain employs an exact amount of CPC as fuel. The other is keeping CPC a symbol of participating in the community governance.
1) The total cost of the CPC is 1 billion, which will be produced when the main network is online.
2) Regular nodes in the CPC network (non-DAPP application nodes) have the power to send a settled number of free transactions daily. If this number is surpassed or the transaction frequency is too quick, the system will impose a fee.
3) To guarantee the stability of communication and computing resources, DAPP application developers must hold a corresponding expense of tokens according to the resources to be engaged by the application and may charter them if the number of tokens is not suitable.
4) For transactions occurring from DAPP applications, DAPP developers yield the corresponding costs and give leasing payments to miners who give rental tokens.
KuCoin is proudly announcing that today they have listed another promising token CPC. CPC is the native currency of CPChain, a decentralized and trusted brand-new distributed IoT systems.
Deposits are now available with trading pairs such as CPC/BTC and CPC/ETC. Buying will start at 19:30 UTC+8 while Selling/Withdrawal at 20:00 UTC+8. Transactions can be done using KuCoin’s App or direct to their website at www.kucoin.com.
CPChain, found online at CPChain.io, strives to revolutionize the internet of things (IoT) ecosystem globally.
Illustrated as “The killer tech that the IoT industry has been waiting for,” CPChain uses blockchain to advance the usefulness of IoT networks. The term “CPChain” stands for “Cyber-Physical Chain.”
CPChain applies blockchain as a backbone for IoT. The blockchain is used to speed up, scale, improve security, and decrease transaction costs for the IoT industry.
How Does CPChain Work?
CPChain’s core innovation is to realize the transmission of value across cyber-physical systems. To do that, CPChain is creating a systematic scheme that addresses scalability requirements for the IoT industry. CPChain approaches those needs using blockchain technology, with blockchain technology being used to solve concerns like data storage and computation protocols.
The CPChain Team
CPChain has already collaborated with major industry names like QTUM, VeChain, and HPB. The company has also acquired investment from Torque Capital Partners.
Some of the key members of the team comprise Dr. Long Chengnian, Ph.D. (co-founder and principal scientist). Dr. Long is a professor at Shanghai Jiao Tong University. He has over 40 published compositions and has deep expertise in security, mobile IoT, MIMO wireless systems, and other technical IoT executions.
The other CPChain co-founder is Dr. Zhao Bin, Ph.D., who has 12+ years of research and development background across IoT, including four years of experience in the IoT department at Alcatel Lucent.