Review on CPChain by Robiul Islam
A new distributed infrastructure for next generation IoT.
What problem does CPChain solve?
The Internet of Things basically provides the technology that makes it possible for billions of devices to communicate with each other, but it doesn't offer the ideal infrastructure, to allow for highly scalable communication among these devices. This is precisely where CPChain sees its value proposition. A blockchain-based decentralized
approach to IoT networking could solve many of the traditional IoT system's issues.
Industries and Use cases.
CPChain’s infrastructure is basically applicable to all IoT use cases.
However, CPChain focuses on the following main industries: Smart Mobility, Smart Health, Public Security, Decentralized Identification (DID).
CPC x BMW partnership.
CPChain, in collaboration with BMW, developed a seamleass charging solution for electric cars that comes with the following advantages:
CPChain Team.
The team has extensive experience in the fields of IoT and distributed systems. They presented their research in different papers and presentations on conferences around the world. The technical background of CPChain's team is impressive, they are most likely one of the most sophisticated groups in the blockchain space.
Providing a new infrastructure for the sharing and transaction of the data in the Internet of Things is a very ambitious task, its success is depending on several different variables. The biggest challenge will be industry acceptance, CPChain is making significant progress here by acquiring important partners. However, it is still a long way to go.
Pros
- By combining distributed storage, encryption, and blockchain technology, the project is providing a comprehensive solution for the whole process of managing IoT data, from data acquisition, storage, sharing to the application.
- CPChain is trying to disrupt the IoT space with its innovative blockchain architecture, their approach differentiates them from the existing architecture of any centralized IoT network.
- The IoT industry is rapidly expanding. Market research by IHS Markit, predicts 30 billion connected devices by 2020. 5 years later, the number could reach around 75 billion.
Cons
- Although CPChain is making big progress in terms of real world use cases, a lot of these innovations do not yet exist on the actual product, and it has yet to be proven by the team that they can deliver on their promises in the long term.
- It also remains to be seen, if these developments will be sustainable in a real IoT network with thousands or millions of smart devices and an increasing amount of data transactions.
