CPChain — Bringing Forth The Next Generation of IoT

Invested in by Vechain & partnered with Quantum. CPChain is making it’s mark in the Cryptocurrency space.

What is it?

CPChain is a fully decentralized data infrastructure for large-scale IoT systems. It brings together blockchain technology, encryption storage/computation, and IoTs to resolve common issues faced by the rapidly growing IoT system.

Why is it necessary?

The IoT industry is rapidly expanding with new exciting ICOs introduced daily. However, the industry faces three major problems that are stunting its growth:

Cost
Scalability
Security

How does CPChain solve these problems?

The current environment of IoT devices consists of high-cost and isolated IoT solutions. Data centers are generally only established for one single project and not developed in such a way that they can communicate with other data centers; this creates a bottleneck effect. CPChain resolves this issue by fully integrating blockchain technology. The open nature of blockchain technology will allow the decentralized IoT platform that CPChain is creating to be accessed by developers & manufacturers within the IoT industry. This will significantly reduce costs and remove the bottleneck nature of the current IoT system.

CPChain aims to solve scalability issues with blockchain technology. Normally when an intelligent device (example- cell phone) interacts with the blockchain, the whole network node is required to work on the interaction because each node in the network stores the same data/performs the same tasks. Contrary to this, CPChain operates using a parallel architecture by utilizing two parallel blockchains. Using the prior example, when the cellphone interacts with the network, one blockchain stores a portion of the cellphone’s data, while the other performs any transactions/creates smart contracts. This significantly improves transaction speed & overall scalability without changing the block capacity.

Blockchain technology is largely centered on privacy & security. It is vital for the IoT to be viewed as trustworthy & secure if it expects to continue to grow at the its current pace. The development of CPChain on the blockchain ensures privacy via decentralization — no third party controls the data. The elimination of outside parties lessens the risk of hacker attacks or other malicious attacks by not securing data in one central location.

Use Cases

o Big Data (Professional & Educational)

o Personalized Auto Insurance

o Real-time travel/Swarm control

The massive amount of data generated by CPChain will be made available to a plethora of users, including but not limited to: Universities, small & medium sized companies, & research institutions. Currently, due to limitations on the availability, these users are forced to work with large corporations to obtain data which can be difficult and cost prohibitive.

The data platform can be used to collect a large amount of vehicle & driver data which can be utilized by insurance companies to determine risk.

Providing real-time traffic data can be extremely cost prohibitive due to the lack of a platform which collects underlying traffic data. CPChain can serve as this platform. Vehicles will be given awards for providing real-time information to the CPChain database. This data will then be shared amongst all vehicles to prepare them for upcoming traffic issues & emergencies. This real-time data sharing is also able to be used with swarm control for unmanned vehicles.

Token Type & Purpose

The token, CPC, will be used as fuel on the CPChain blockchain. In addition to this, holding CPC allows one to participate in the governance of CPChain. As the project continues, more information will be provided elaborating on this aspect of the token.

Partners/Investors

o Vechain — The rank 15 cryptocurrency with a MC over $3B

o Quantum –Strategic Partners. Quantum is also an investor in CPChain.

o Metaverse — Strategic Partners. Metaverse has a MC over $125M

o Chainfunder — Investor — Chinese Investment Fund

o High Performance Blockchain — Strategic Partners. MC over $140M

o Torque Capital Partners — Investment Fund

Team (9 Members)

Founder: Dr. Long Chengnian –

o Published extensive writings on IoT and distributed intelligence systems.

o Senior member of the IEEE (Institute of Electrical and Electronics Engineers

IEEE is the world’s largest technical professional organization dedicated to advancing technology for the benefit of humanity.

o On the board of many technical committees across different industries.

Co-Founder: Dr. Zhao Bin –

o Over a decade of research in IoT, communications, & FinTech.

o Extensive experience in R&D and holder of three patents in IoT.

What is to come?

Q2 2018 — Establish & Complete Framework

Q4 2018 — CPChain Platform V1.0

Token Information

Coin Price

1 ETH = 10K CPC

Total Supply

1 Billion CPC

Initial Circulating Supply (Assume sellout of Private sale)

Maximum of 400M CPC depending on investor election into lock-up

Exchange Expectation

Rumored to list on exchanges by end of January, if not early February.

Hype

Telegram Members (As of 1/27): 6,340

Due to the limited nature of the sale, there was extreme FOMO from investors unable to participate. The CPChain team continued to receive funds well after reaching the hardcap as a result of the hype surrounding the sale. Given the limited marketing in the West so far, CPC could explode on exchanges once the marketing begins.

Positives/Negatives:

Positives:

o Ambitious & technically Proficient team

o Incredible group of investors — notably Vechain & HPB

o Genuine use & need for blockchain technology

o Great roadmap and extensive R&D has already been performed

o Provides a solution to a massive problem in IoT

Negatives:

o Currently limited marketing

o No advisors

o Ticker symbol

Website: http://www.cpchain.io/
My Twitter: https://twitter.com/tgrimaldi7