With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, Hawk Network, the world's leading distributed intelligent Internet of Things, combining edge computing and blockchain technology to provide enterprises with a new generation of IoT technology infrastructure with lower access costs and more efficient availability has arrived.
"As the blockchain is tamper-proof and decentralized, it can do what IoT exactly requires. Using blockchain in IoT can help you track billions of connected devices in the network.
Integrating the blockchain in IoT devices can also reduce the costs of installing and managing servers for an IoT network. Blockchain uses cryptographic algorithms which ensure the confidentiality and security of the data on the IoT network. Blockchain in IoT also protects the network from the man-in-middle attacks because it does not have a single thread of communication.
With smart contracts, agreements can be created which will execute when certain conditions are met. For example, temperature sensors can fetch the data and send it to the blockchain. Based on the fetched records, smart contracts can trigger to take specific logic added to it."
With that being said, Hawk Network relies on intelligent hardware, uses big data technology as the starting point, balances production and ecological elements with blockchain distributed books, and finally realizes the goal of global Internet of Things.
But before we go any further, please check out this video presentation to get even more acquainted
Now that I have your attention, let’s get right to it.
What exactly is HAWK NETWORK?
As depicted earlier and as indicated on the official website of Hawk Network, Hawk Network is the world's leading distributed intelligent Internet of Things, combining edge computing and blockchain technology to provide enterprises with a new generation of IoT technology infrastructure with lower access costs and more efficient availability.
In addition, Hawk Network relies on intelligent hardware, uses big data technology as the starting point, balances production and ecological elements with blockchain distributed books, and finally realizes the goal of global Internet of Things. By transforming the new economic model, the Hawk Network combines digital ID and multiple encryption technologies to enable smart terminals, IoT businesses, and users to move unimpeded in the Hawk Network network, ensuring asset and data security.
The Hawk Network project was incubated by Canada's UB.GROUP and Klaytn, a blockchain platform owned by Kakao Korea. UB.GROUP is a large-scale Internet of Things, and a smart travel multinational company with 30 million users, and operates in dozens of cities around the world. UB.GROUP has strong R&D capabilities in intelligent hardware, Internet of Things, and blockchain. Kakao is a Korean social giant with 50 million users. Kalytn is Kakao's blockchain platform, which includes the world's best blockchain technology and business team. UB.GROUP and Kakao are very optimistic about the development of the next generation of Internet of Things, especially the combination of edge computing technology, 5G technology and blockchain technology. They believe that the next generation will bring the global Internet of Things to a new different level.
Edge computing is an intelligent computing model in which part of the computing power is shared by terminal devices.
After the data is calculated by the many nodes devices, the data is uploaded to the distributed database to form big data.
The terminal smart device completes the edge calculation, the data is uplinked, and the blockchain becomes the repeater and connector of the data.
Multi-level embedded smart contract that supports programmable contract development and provides standardized contract templates and interfaces.
Interested node decentralized investment data collection terminal to prevent source data entry from being tampered with.
Blockchain network after edge computing by distributed intelligent terminal.
The main advantage of the existing data processing structures with IoT sensors over the decentralized Hawk Network structure is a high data transfer rate, where the maximum transparency of this process is observed, as well as an appropriate level of security at all stages of the transmission and storage of received data from IoT sensors.
It was possible to achieve such high results thanks to a combination of high-tech encryption with digital identifiers and other smart terminals, the operation of which forms a new unhindered Hawk Network network .
Hawk Network has a very deep technical foundation for all of its functions and related processes, each of which carries an incredible structure of features and benefits. However, I do not see the point of describing all this in my review, since there is a technical document for the project for this. Where in black and white, each thought and action regarding the work and internal structure of Hawk Network is competently and structured.
About The Hawk Network Token
The internal fuel of the Hawk Network blockchain structure , it will be presented as its own - HAWK token. The use of which will allow users to not only acquire assets from suppliers, but also make a significant contribution to the development of the entire Hawk Network infrastructure. The token itself will be developed on the basis of the Ethereum blockchain and is a representative of the ERC-20 standard.
Token price in USD: 1 Hawk = 0.01 USD
Accepted currencies: ETH, USDT
Pre-sales: Aug 15, 2019 - Aug 30, 2019
Token supply: 20,000,000,000 Hawk
Total tokens for sale: 600,000,000 Hawk
Soft cap: 5,000,000 USD
Hard cap: 35,000,000 USD
Blockchain Platform: Ethereum
Country limitations: China, USA
Registration country: China
Registration year: 2018
Project research and project started in October 2018
Complete project planning and overall design
Complete the relevant underlying technology selection
Research and docking intelligent hardware interface
Complete economic model design
The first edition of the white paper was drafted
The first DAPP application BHK pre- sale official online line
Complete the edge calculation technology demonstration
Complete the Intelligent IoT Gateway Agreement
Complete technical architecture
HawkNetwork starts underlying coding
Start private fundraising
Start global channel promotion
Community Partner Recruitment
Recruitment of city partners
Start IEO Global Meetup
The first Dapp is online
The first equipment started mining
Top exchanges start trading HAW
Meet The Amazing Management Team
Derrick Fu: CEO
Gary Xiong: CTO
Louis Liu: CSO
Marico Wu: CMO
Faye Tone: CPO
Chris Massot: Operation Director
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
For more information, please visit:
Main Website: https://hawk.cool/
Whitepaper: https://hawk.cool/HAWK WP-EN0622.pdf
DAPP Website: https://bhk.hawk.cool/
Main Telegram: https://t.me/HawkGlobalGroup
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2487106
Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.