HYDRO ENABLES PRIVATE FINANCIAL SYSTEM TO LEVERAGE ON PUBLIC BLOCKCHAIN

in #cyrptocurrency6 years ago (edited)

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INTRODUCTION
Hydro seek to offer a platform which will permit Hydro users to interconnect with a blockchain in a manner which are coherently integrated into fundamentally private Hydrogen ecosystem.
Hydro gives room for private organisation to capture the power of a public blockchain.Hydrogen exist autonomously and do not posses same traits with other blockchain initiative. It bothers around new or existing system,not needing a systematic change. The main objective of Hydrogen is to augment instead of replacing.
The scope of financial services platforms that exploit or take full advantage of Hydrogen is wide in scope. The platform can strengthen almost any experience,house of proprietary services,execute any private data operation and deploy in any ecosystem empowered by Hydrogen structural modularity and has a synergy with Hydro. Acting as a complementary driver of adoption.
Hydrogen validation can be predicted upon involving operational transaction on the blockchain.

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CHALLENGES IDENTIFIED
Financial platform are usually entrance to huge quantities of private and sensitive data and due to the fact of how valuable significant the data are not warranted entrance,is commonly addressed with disastrous outcome.

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FUNDAMENTALS OF RAINDROP
Raindrop is a blockchain base design attestation service design on Hydro Public ledger. It present a distinct,unchangeable and universal layer of security that is viewable. This usually affirms an access from an authorised source.
Raindrop inhold packets of condense water ranging from 0.0001 to 0.005centimeter in diameter. Hydro validation transaction is one of a kind and in assence not possible to happen or take place by chance. Validation based on raindrop is analogue,transaction is defined and user must run it from a known wallet instead of sending the user an amount and having it relayed back. This is assured means a user can control a valid transaction by accessing the wallet in question. With the utilisation of Raindrop,the system and the one who accesses can track validation attempts on an immutable public ledger. This blockchain-base transaction is unlinked from the basic system operations,takesplaces on a distributed network, and its dependent on private key owners,for this purpose,it serves as useful validation vector.

ENTITIES INCLUDED IN HYDROGEN VALIDATION

  1. Acessor; An accessor could be a financial institution or an app utilising the Hydrogen API's for its main digital insfracture.

  2. System; Hydrogen API's is in itself the system and the system/gateway is been processed by the accessor for Hydrogen.

  3. Hydrogen; The module been utilised by the system for the aim to connect and interface with blockchain.

  4. Blockchain; The distributed public ledger that processes Hydro transaction and incorporate the Hydro smart contracts via which information could be pushed,pulled or worked upon.

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AUTHENTICATION PROCEDURES
The 1st stage is initialisation which starts with Hydrogen system,making an entry to use Hydro,and enquiring credentials,enabling connection between the system and with the blockchain through Hydro module. The system onboards through an Accessor that registers a public address is unalterably written onto the blockchain to be whitelisted,stored in Hydro smart contract. An affirmation is received about the whitelisted address and can also be confirmed as publicly viewable event.
After the completion of initialisation,Hydro Core validate procedures starts. The accessors that launch the raindrop transaction,reactivates the process by demanding Raindrop details from the system and the system send the request to Hydro. Hydrogen produces a new raindrop.saves specific details unalterably on the blockchain and turn back the full details to the accessor through the system.
In the last stage of validation procedure,the accessor officially demand access to the system through the system established mechanism. The system will determine how it will advance base on this appellation. When untrue the system can decline access and when true the system permits access.

CONCLUSION
Significantly the core development team closely track developments in Ethereum transaction speed and volume. Raindrop places and reduces constrain to Ethereum framework. To this end scalability is a reduced risk to the success of the technology.

Website: https://hydrogenplatform.com/hydro

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