On July 13, Hyper Speed Network (HSN) successfully held its HSN Global Tour meet-up in Qingdao, China. During the meet-up, participants including local businesses, employees and blockchain enthusiasts discussed the future development of the blockchain and internet industry.
Co-founder of HSN Peter Jia elaborated on the development of 5G technology and its combination with blockchain.
His Keypoints were as follows:
Compared with 4G, 5G has the characteristic of high throughput and concurrency, low latency and power consumption.
5G technology development is the trends of the future and currently a hot topic all across the globe. 5G will be the driver of a new generation of innovative technologies such as AI, Big Data, and cloud services. Full development of 5G data economy brings about fundamental changes in people’s work and life style, and opens a new digital era for the global economy.
However, with the dramatic increase of massive data and computing demand, here comes the challenges, such as lack of data security and safe storage of the massive data being produced.
Blockchain technology provides the technical foundation for decentralized transactions, information privacy protection, tamper proof data, and traceability by means of cryptography. It perfectly solves the problems of data security carried by 5G.
In response to the above challenges, HSN designed a innovative Blockchain + 5G solution.
In addition, Perter Jia elaborated on the key technology and solutions of HSN, played a video to introduce HSN and showed the 5G modules products and Mesh products developed by HSN.
As the basic public chain of the 5G digital economy, HSN develops its own key technology.
HSN optimizes the Miner Node mechanism to better manage the tasks of the core network and system functions. These include running multiple services on a side chain and support of 5G module group expansion, which ensure efficient, reliable and trusted blockchain network services within the whole HSN network.
The demand for big computing will bring a heavy load on Miner Nodes. To solve that, HSN innovatively introduces the Edge Node concept. As a vital supplement to Miner Nodes, Edge Node mechanism take over the intensive computing services. It helps reduce the response delay and bandwidth cost, and helps meet the needs of various smart scenarios under the decentralized architecture model.
Using file Encryption and deduplication. In traditional storage networks like cloud disks, CDN, and even IPFS, plaintext file deduplication technology is quite mature. It only needs to compare hashes of two files to determine whether the content is the same. But in encrypted storage applications, the above method fails. When two identical files are encrypted with different public keys, the generated cipher text is different. There is no way for easy deduplication basing on the cipher text hash. Besides that, data storage sharding complicates deduplication even more. HSN uses asymmetric encryption and Zero-knowledge Proof to develop a set of file encryption and deduplication technologies. Even if different users store the same file on the HSN network at the same time, the whole network only needs to keep one encrypted copy of the content, while content and privacy leak protection is in place. Therefore, the storage efficiency of the whole network improves.
After the mainnet launch, HSN will be widely used in cloud VR/AR, Smart Security, Internet of Vehicles (IoV), Smart City, Smart Manufacturing, Unmanned Aerial Vehicles (UAV), SD-WAN + NAS, Mesh products, edge computing modules, and other applications of the 5G environment.
In this meeting, the guests expressed highly recognition for HSN.
Hyper Speed to the next city, HSN aims to assist the industrial development in the 5G era.