Hydrogen Raindrop is a new concept mapped out by the Hydrogen Corporation. There have been cases of shady dealings on public blockchain platforms. Most often, security concerns threaten the stability of some public blockchain. Cyber crimes like hacking and phishing are not left out as they are serially used to obtain certain financial data on most public blockchains. This has caused many problems and has greatly affected the authentication process of these platforms.
Introducing Hydrogen Raindrop
The Hydrogen Corporation has added yet another feather to its cap with the invention of the Hydrogen Raindrop. Hydrogen Raindrop was developed to allow the integration of public blockchain dynamics by private systems. This will ensure a smooth document and application security, enhance identity management and improve already existing artificial intelligence. Hydrogen Raindrop allows private systems like Application Programming Interface (API) use its Hydro public blockchain for efficiency and maximum security throughout the public authentication process.
The “Raindrop” technology of the Hydrogen Corporation uses its smart contract feature to seamlessly validate private system access and also secure sensitive financial data on the platform. The first implementation of this technology was on the Hydrogen API Platform which is accessed by enterprises and developers for building and testing financial products and technological platforms. Developers can now build Fintech applications in the shortest time and its implementation is based on the Blockchain and Ethereum networks. Hydrogen Raindrop tends to develop product-focused interactions on the blockchain technology and it hopes to offer better prospects to financial service applications.
It also uses the concept of Markle Tree that aid data verification. Markle Tree is a better distributive system because it uses encoded files called hashes and which are smaller than the main files. The Hydrogen Raindrop technology also utilizes the smart contract concept. Smart contract is a self-executing code that eliminates the need for middlemen. It is similar to the conventional paper contract but has a better functionality than the latter.
The Hydrogen API Platform allows private platforms and APIs to benefit from the public blockchain. The platform allows Hydrogen users have better interactions with a public blockchain and the relationship that exists between the private and public systems and APIs will improve the validation and recording processes in the ecosystem.
The Problem
The success of the Internet was soon short-lived when cyber crime came into the scene. There has been wide-spread vulnerability in some financial services and platforms. Some financial data have been hacked and others have gotten unwarranted accesses that have threatened such financial platforms.
Sadly, most financial platforms and public blockchains do not have adequate protection of their data and most times, there have been data breaches that were not well-recorded. An example to this testament is the hacking of Equifax, a 118 year old United States credit reporting agency. The incident which occurred on July 29 2017 led to the exposure of the data of 143 million subscribers. The hacked data included credit card data and Social Security Numbers.
You can clearly understand why the protection of sensitive data is very important, especially on platforms like public blockchains where many users can easily gain access to another’s data.
A Solution
I believe the "Raindrop" Technology from the Hydrogen Corporation will provide a better solution to the problem on public blockchains.
The Hydrogen Raindrop technology integrates the Ethereum blockchain technology which allows users collectively be part of a transaction and also eradicates the unwarranted access to data. The Raindrop is analogous and users can only carry out transactions through an identified wallet. Users are also mandated to own private keys; this will help out as a validation approach.
The authentication process is eased through the three steps of Initialization, Raindrop and Validation. The Initialization is where the System uses Hydro to obtain credentials after which it communicates with the blockchain through the Hydro module. The Raindrop process is where the Accessor executes a Raindrop transaction which has to be signed with the user/Accessor’s private key. The final step of Validation is where the Accessor requests access to the System. It is up to the System to decide if the process is false or not. Its decision influences the outcome of the transaction. The System grants the user access to process the transaction if the process was true and declines it if false.
Hydrogen Raindrop’s Team
To find out more about this revoluutionary project, check the links below
Website: https://www.hydrogenplatform.com
Github: https://github.com/hydrogen-dev
Medium: https://medium.com/hydrogen-api
To meet and interact with other members of the hydro community, join the Hydro Telegram Group
Telegram Community: https://t.me/joinchat/H3uDdQ9JBFyV1UL35xX4VQ
Other Social Media:
Twitter: https://twitter.com/@hydrogenapi
Reddit: http://www.reddit.com/r/projecthydro
Discord: https://discordapp.com/invite/gxAUagw
YouTube: https://www.youtube.com/channel/UChDPAVs_qKREy9zAQsc6VVw