Hydrogen HYDRO

$0.0044
Market Cap $ 12.878 MM (#308)
24h Volume $ 422.648 K
Chg. 24h: -2.27%
Algo. score 3.2/5  (#403)
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Hydrogen project purpose and description

Hydrogen clarity of purpose

Hydrogen purpose and aspects

"Hydro allows private systems to interface with a public blockchain. We propose a new hybrid private-public model that enables financial services platforms to leverage the dynamics of a distributed, transparent, and immutable public ledger. The project focuses on particular areas where this can add value, such as authentication, identity management, document security, transactions, and artificial intelligence."

Hydrogen categories

PlatformBlockchain as a service

Short description

Hydro enables private financial systems to seamlessly leverage the public blockchain. Cloud applications throughout the financial services ecosystem can now benefit from the power of smart contracts, creating more secure, transparent, and low cost financial products globally. Hydro is the first public blockchain for financial services. With Hydro, smart contracts can be added to financial applications with just a single API call!

Abstract

Hydro enables developers to seamlessly deploy blockchain in their existing applications, without the need to create expensive infrastructure. If you are building a fintech app in investing, savings, or insurance, Hydrogen is already leveraging the Hydro blockchain technology via the Hydrogen Atom API. Hydro enables new and existing private systems to seamlessly integrate and leverage the immutable & transparent dynamics of a public blockchain to enhance application and document security, identity management, transactions, and artificial intelligence. The proposed technology is called “Raindrop” - a transaction performed through a smart contract that validates private system access publicly, and can complement existing private authentication methods. The technology is intended to provide additional security for sensitive financial data that is increasingly at risk from hacking and breaches. Initial implementation of the Hydro Raindrop is performed on the Hydrogen API Platform. This modular set of APIs is available to enterprises and developers globally to prototype, build, test, and deploy sophisticated financial technology platforms and products. The Hydro Raindrop will be made available to the world developer community as open source software, to allow developers to integrate the Hydro Raindrop with any REST API.

Link to Roadmap: n/a
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