From July 9th to 11th in 2019, the 18th China Internet Conference was held at the Beijing Convention Center. The theme of the conference was “Innovation, Change, and Departure – A New Chapter of Quality Development”. The industry’s oldest Internet conference in ceremonies welcomed its adult year with the 50th anniversary of the birth of the Internet and China’s full-featured access to the Internet for 25 years. At the meeting, the Chinese Academy of Engineering academician and the chairman of the China Internet Association, Wu Hequan , said that 5G was born at the right time, its arrival will give birth to an unimaginable format of industries, and the Internet is at an important juncture, and the digital infrastructure re-opened by 5G technology will be rebuilt. Chairman of Hyperchain Information Technology Co., Ltd., parallel blockchain inventor and founder Shi Xingguo, also gave a speech on the digital infrastructure of the 5G era at the senior conference of the Internet Conference, and explained how the parallel blockchain can support the 5G era as an vital part of the infrastructure.
Continue reading “Founder of Paralism，Shi Xingguo delivered a speech about Digital Infrastructure in the 5G Era at the China Internet Conference”
“Blockchain, and only blockchain can extend the boundaries of IT industry” — in the 2019 China IT Summit last weekend in Shenzhen, the city headquarter with the most Chinese IT companies such as Tencent and Huawei, the founder of Paralism and Hyperchain.net , Shi Xingguo attended the summit. Paralism is powered by the parallel blockchain technology invented by Hyperchain.
Continue reading “Paralism Attends the top Chinese IT Summit Illustrating the Digital Future Linked with Parallel Blockchain”
3 pm today, seven central government departments have just joint released the Announcement of Financial Risk Prevention to ICO. The Announcement declares ICO illegal and freezes the fiery token fund raising market.
The Block Chain Technology start a new age of digitalized value exchanging and trading. It would create a world-wide value exchange network by reducing the trading latency greatly and remove most obstacles between value exchanges, such as cost or latency in credit guaranty, liquidity provision, order confirmation, clearing of exchange and so on. However, most of the Block Chain techniques are still in experimental stage due to their technical limitation. Although the whole Block Chain industry strongly holds the confidence that the technology would become the next generation infrastructure of the Internet, Gartner predicts it would not take short time that day comes.
Opportunity comes, people gathers. This year 2017, with only a White Paper a “Blockchainlized” project can be chased by global hot money. Under such breathe taking atmosphere, Initial Coin Offer, namely ICO, boost like a rocket  and greedily overdrawing the future of the industry. The Announcement hopefully would withhold the excessive speculation momentum and pull the industry development direction back to the correct track of creative and practical. Continue reading “ICO bankrupt, new industrial opportunities on the horizon”
Hyperchain is a brand new Blockchain Technology with higher performance and hybrid data compliance. So far, there are several well-known problems of Blockchain techniques, such as low efficient in generating blocks, black-hole of computation power[i][ii] and application bind to transaction-oriented Architecture. Although Blockchain technology has been widely accepted as the next generation infrastructure of the Internet, these flaws still are the major obstacle for the technology to become a world-wide network protocol. The goal of Hyperchain is to remove these stumbling blocks in the way and create a unified ownership layer of the Internet. We propose a new method to provide time-slicing CAP consistency of distributed system and we design a new algorithm called Buddy Consensus based on this theory. Three new primary technical features are brought in – a parallel architecture of block generating, the hybrid data compliance, and a chain-in-chain virtualization context. Some other secondary features, like a built-in cross-chain interoperation environment, a customizable consensus mechanism, and so on, are created and can be directly invoked from the application layer. These features widen the application scope of Blockchain much more and open a more promising future of it. Unquestioning, Hyperchain also support all common features provided by existing Blockchain technology, such as transaction, Smart Contract but with a much higher efficiency. Continue reading “Hyperchain Whitepaper”