(Last Update: 21.07.2018) Welcome to CPChain. This thread will give you a detailed overview about CPChain (Cyber Physical Chain). We recommend all “beginners” and new CPChain investors to take your time and read through the information below. Furthermore, this place should also serve as a base for collection of important documentations and a directional guide to important links. This thread will be updated on a regular basis.
INDEX
- INTRODUCTION
- Overview
- Whitepaper, Light Paper & GitHub
- Conceptual Videos
- Use Cases Videos & Industry Applications
- INFORMATIONAL LINKS
- Recommended Articles & Reports
- Recommended Videos
- OFFICIAL PUBLICATIONS
- Technical Documentation
- AMA’s (Ask Me Anything)
- Community Updates
- Other Documentations
- MASTERNODE INFORMATION
- TEAM & ADVISORS
- PARTNERSHIPS
- INVESTORS
- TOKEN ALLOCATION PLAN
- Distribution of Tokens
- Private Sale Info
- TOKEN METRICS
- EXCHANGES
- WEBSITE, OFFICIAL ACCOUNTS & CONTACT
- FAQ (FREQUENTLY ASKED QUESTIONS)
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1. INTRODUCTION
1.1 Overview CPChain is a new distributed decentralized infrastructure for next generation IoT. CPChain intends to build a fundamental data platform for IoT systems in combination with distributed storage, encryption computation and blockchain technologies, providing the whole solution process from data acquisition, storage, sharing to application.
CPChain is a promising solution to a series of challenges of current “chimney architecture” of IoT systems, providing reducing connectivity cost of devices, protecting data privacy and maximizing the value of IoT data.
The core feature of CPChain is to realize the transmission of the value of cyber-physical systems. The main technology contribution is to propose a systematic scheme to address the scalability and real-time problems of blockchain technology in IoTs from the perspective of data storage and computation, and consensus protocols, including parallel distributed architecture, two-layer hybrid consensus mechanism and lightweight side chain consensus protocol.
CPChain will overcome the bottleneck problems in the current IoT system by considering 4 critical technologies, which include distributed cloud storage, data security cryptography, blockchain technology and large-scale distributed network consensus protocol:
- A decentralized system is built by integrating with blockchain technology to guarantee that the data on the chain is permanently valid and tamper-proof. It provides verifiability and traceability for various IoT application.
- A novel technology of combing cryptography and distributed hash table (DHT) is proposed to solve the scalability problem of the data storage in traditional blockchain.
- A highly efficient distributed consensus protocol is designed to encourage user participation and promote the cooperation of all parties involved in the system.
- Both re-encryption and homomorphic encryption technologies are implemented to guarantee the operation of the system, protect users' privacy data and further enhance the confidence of users.
CPChain has several patents that will be exclusively used for PDash and its blockchain infrastructure (Mainchain and Industry Chains).
The R&D team of CPChain is highly renowned. Two of the founders are members in the Chinese and international IoT and Academic sphere. They own multiple patents in cyber physical systems and the IoT field. Read more about the team in section 5 of this thread.
Visit our website for more information: www.cpchain.io
1.2 Whitepaper & Light Paper Please click on the desired paper to download the English version:
Whitepaper
Light Paper
We are currently working on translations of the papers into several other languages. Once ready, we will update this section. The papers can also be downloaded from our website.
To view our open-source codes and development status please visit our GitHub. We maintain and update our repositories continually:
CPChain GitHub
1.3 Conceptual Videos Conceptional video #1: CPChain - Next Gen of IoT
We have been working on conceptual videos to introduce CPChain and give a better understanding about our plans for the IoT and blockchain industry. The first video has been published. There are more conceptual videos to be released in the future.
1.4 Use Case Videos & Industry Applications Use case video #1: Use case video coming soon
In the new world, we can see more and more fully autonomous p2p interaction between human and machine. For example, we can directly pay to smart locks to gain access to shared electric cars. Auto-driving cars interact directly with charging piles to complete automatic charging. Auto-driving cars can even directly request repair personnel to provide maintenance services for him. A credible, p2p interactive society is coming toward us.
For the health and driving behavior of the car and the owner, in addition to yourself, the car insurance company may be the one who loves you the most. However, the current data generated by the car is fragmented and distributed among different manufacturers and service providers. The cost of obtaining relevant data by insurance companies is very high, making it difficult to implement customized auto insurance. On the CPChain platform, the owner is encouraged to share the data, thereby achieving continuous recording of the vehicle usage data, which greatly reduces the cost of the insurance company to obtain the vehicle usage status and the driving behavior, and realizes the personalized insurance services. New business models are emerging!
CPChain will focus on smart city applications such as intelligent transportation, smart health and medical and smart manufacturing. For example, in the field of intelligent transportation, CPChain will achieve efficient sharing of interactive data of vehicles, people, and transportation infrastructure, and provide a full-process solution for personalized navigation, optimization of traffic dispatch, automatic driving, shared travel, and customized insurance.
Summary of industries CPChain is/will be working together and provide solutions:
- Smart city applications (intelligent transportation, smart medical, smart manufacturing, smart energy, etc.)
- automotive
- airline
- rail traffic
- insurance
- accommodation
- pharmaceutical
- health care
- agrochemical
- agriculture
- logistics & supply chain
- consumer goods
- construction
CPChain will create application specific industry side chains for each sector. We will offer a lightweight side chain consensus protocol to meet these requirements. In this consensus system, the data gateway is used for data processing and encryption computation because it generally has more hardware support and the power of the device is not limited. Moreover, using the gateway in the proposed way will prevent a computing delay as a result by data processing of nodes thereby prolonging the lifetime of these nodes. This approach is very innovative and based on severe research by Dr. Zhao Bin.
In the side chain mechanism, we will also be able to integrate DAG technology (Directed Acyclic Graph).
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2. INFORMATIONAL LINKS
2.1 Recommended Articles & Reports Here is a collection of very informative articles and reports. We recommend these readings to all investors for a better understanding of CPChain and its potential.
A complete archive of all external articles and reports can be found here.
2.2 Recommended Videos Here we have a selection of the top YouTube reviews/interviews currently available. We highly recommend to watch these videos.
A complete archive of external quality YouTube videos can be found here.
All official CPChain videos can be found on our official CPChain Youtube Channel.
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3. OFFICIAL PUBLICATIONS
3.1 Technical Documentation 3.2 AMA’s (Ask Me Anything) - 11.07.2018: AMA#2 (technical edition)
- 28.04.2018: AMA#1
3.3 Community Updates 3.4 Presentations & Other Publication >
4. MASTERNODE INFORMATION
CPChain will have a tiered masternode system.
We are developing a set of DPOS consensus protocols based on reputation evaluation model. When our main chain is online, we do not need Hash calculations to mine. Take an active part in the node ecosystem that will be released later. All participants will have a chance to mine successfully and get financial incentives.
More information on masternodes will come in August. Stay tuned!
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5. TEAM & ADVISORS
- Dr. Chengnian (Andrew) Long - Founder, CEO, Professor, Principal Scientist
- Dr. Long is a professor at Shanghai Jiao Tong University and has many years of experience in the fields of cyber physical system security, Internet of Things and distributed intelligent system with blockchain technology. He is a selected member of the IEEE Blockchain editorial board. Dr. Long has published more than 80 academic papers with foucs on IoT and cyber physical systems in internationally renowned journals and congresses, and has more than 10 patents for invention. 5 times award winner Dr. Long is a regular speaker at conferences and in national television.
- IoT specific publications can be found here and here.
- Detailed resume from Shanghai Jiao Tong University can be seen here and here.
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- Dr. Bin Zhao - Founder, CTO
- Dr. Zhao has more than 12 years research and develop experience on network communication, Internet of Things and FinTech. He has also been engaged in the research of the Internet of Things for a long time. Dr. Zhao worked as a chief engineer of the Internet of Things at Shanghai Bell, participated in major projects of the Internet of Things, and promoted international and domestic Internet of Things. Bell Labs is one of the few companies in the world that specializes in basic scientific research created by companies. It is one of the largest corporate laboratory born outside of colleges and universities, with a total of 8 Nobel Prize awards. Beside his role at Bell Labs, he has also worked as a chief research and development expert at other technology companies, among others he was CEO of Tongxinluo Chain. Dr. Zhao has extended experience in management of R&D teams. He has three patents on inventions in Internet of Things.
- Beside his 3 own patents, Dr. Zhao was involved in a vast number of patent registrations for his former employers (Alcatel Lucent/Bell Laboratories) and is listed as inventor on a many patents.
- An academic publication about IoT that Dr. Zhao and Dr. Long wrote together 10 years ago can be found here.
- Project contributions and academic research papers can be found here.
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- Qingwei Shi - Founder, COO
- Mr Shi is an early participant in the blockchain and digital currency. He is Founder of Shared Finance, a well-known blockchain and digital currency news platform in China. Mr. Shi is also deeply involved in HPB High Performance Blockchain and Banyan Network, where he belongs to the founding member respectively act as an advisor. With his wide network and operational experience, Mr. Shi participated in the preparation and investment of many projects.
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- Professor Bo Li - Advisor
- Mr. Bo Li is Professor in the Department of Computer Science and Engineering, Hong Kong University of Science and Technology. He holds a bachelor degree in computer science (summa cum laude) and a PhD. in electrical and computer engineering. He has written many highly cited academic papers, has won three best paper awards from IEEE, and won the young investigator award from the National Natural Science Foundation of China (NSFC). He has worked at the IBM Networking System Division and has been an adjunct researcher at Microsoft Research Asia-MSRA as well as visiting scientist at Microsoft Advanced Technology Center. Moreover, he has been one of the major pioneer worldwide in peer-to-peer streaming. Professor Bo Li made pioneering contributions in large-scale Peer-to-Peer live video streaming; specifically, the system, Coolstreaming (2004-2005) (Google entries over 2,000,000) was credited as the first large-scale Peer-to-Peer live video streaming system in the world.
- A detailed biography of Professor Bo Li can be found here.
- Project contributions and academic research papers can be found here.
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- Other team members
- The core team currently counts 25 staff. About two-thirds count for tech and R&D. The other third is business development, marketing & communication, finance and HR.
- We are currently hiring and looking for talented developers and high profile business development managers. We expect EOY headcount at 40. EO2019 headcount is expected at around 60.
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6. PARTNERSHIPS
Below you find a complete list of all confirmed partnerships and business cooperation with the corresponding announcement:
Clarification to SAIC Pilot Program:
In 2017 SAIC (Shanghai Automotive Industry Corporation) started a nationwide pilot program for testing autonomous cars and electric car data. The company provided Shanghai Jiao Tong University with 3 electric vehicles. Dr. Long and his team are leading the pilot program & research at the Shanghai Jiao Tong University. We have a close communication to SAIC, also Dr. Long has a long-standing relationship to the executive board due to his pioneer role in IoT research in China. This research program could potentially lead to some kind of cooperation at some point in the future. But as for now, it is important for us to emphasize that there is no partnership with SAIC.
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7. INVESTORS
Following you find a list of unveiled investors of CPChain:
- QTUM
- HPB
- Vechain
- Metaverse
- Visionz Capital
- Torque Ventures
- Blue Node Capital
With some of these investors we may can expect some kind of cooperation in the future. However, until something concrete is officially announced everything is just speculation at this point and we will not comment on it.
Further to the list above, we also have several other institutional and large private investors that are under NDA and therefore cannot be communicated.
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8. TOKEN ALLOCATION PLAN
8.1 Distribution of Tokens The total amount of CPC token will be 1 billion (1,000,000,000). 40% (400,000,000) has been allocated to the Private Sale for funding the project via overseas community and institutional investors. (More information regarding Private Sale can be found further below.)
Detailed allocation plan:
- Overseas community and institutional investors: 40% (400 million CPC)
- Founding team, development team and consultants: 25% (250 million CPC)
- Community governance: 35% (350 million CPC)
Overseas community and institutional investors (40%) - Private Sale from January 2018:
The overseas community will be an important force for the future development of CPChain, and this part will be used in the construction of overseas community; Institutional Investors refer to the enterprises in the built-in distributed business ecosystem and service providers that serve these corporate customers or end-users; these business investors will focus on the future application of CPChain Token (CPC) in their commercial activities.
Lockup: 0, 3 and 6 months. Releases in batches in February, Mai and August 2018.
Founding team, development team and consultants (25%):
The founding team, as well as the development team, greatly contributes their human and technology resources and material resources during the development of the project. The tokens will mainly be used for rewarding early contributors, human capital investments, loyalty and incentive programs, staff retention programs, talent acquisition, in-house research & development programs, etc.
Lockup: The first year all 250 million tokens will be locked. After the first year, tokens will be fully released in quarterly batches (20,833,333/quarter) within 3 years.
Please note that the releases of the team tokens will have no or only a marginal effect on the price. Even though the circulation supply will increase, these tokens will be kept holding by the foundation and not be thrown into the open market. The release of these tokens just mean that they will be available for them and allow the foundation to work with it. The founding team, early contributors and consultants will be rewarded, but the main part of the 250 million team token allocation is a long-term (ideally tens of years, depends also on market trend) source to fund above mentioned team and internal development programs.
Community governance (35%):
Maintaining the continuous operation and development of the team (operational costs); Commercial application exploration and promotion; Selection of suitable industries for strategic deployment in the industry, project support and replacement of tokens for industrial application that truly satisfies the needs of market. In other words, these tokens will be used for maintaining the CPC network ecosystem, network incentives, business development, marketing, direct investments, business investments, etc.
Lockup: There is no lockup on the community governance allocation. However, tokens will be kept in the main wallet and will only be released into the circulation supply upon agreement on a case by case basis.
8.2 Private Sale Info In January 2018 we had a Private Sale with 100 ETH minimum requirement (There was no ICO):
- Hardcap: 30,000 ETH
- Allocation Pool: 300,000,000 CPC, plus 100,000,000 CPC for bonus & others
- Offer: 1 ETH = 10,000 CPC tokens
- Requirements: 100 ETH minimum
- Private sale price: 1 ETH = 10,000 CPC ≈ $0.10 at that time
- Start and End date: Jan 23rd-25th, 2018
- Bonus: 20% off (lock up required), 30% off for more than 1000 ETH (lock up required)
- Lock up information: (According to 3-3-4 rule) 30% will be distributed after the Private Sale, 30% will be distributed in 3 months (May 2018) and 40% will be distributed in 6 months (August 2018) after initial token distribution concluded.
Not all Private Sale investors chose the bonus program. Therefore the allocation pool of total 400,000,000 CPC has not been fully depleted. There are about ~30m CPC left over from Private Sale. That means the circulating supply will be less than expected. After all Private Sale token have been released (August 2018) the total circulating supply will be ~370m CPC instead of the initial calculated 400m CPC.
Budget for raised private sale funds (30,000 ETH):
Daily Operation: 35%
Technology Development: 35%
Business Development: 20%
Investment: 10%
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9. TOKEN METRICS
CPC is still an ERC20 token. This will change when the mainchain goes live in October. Detailed information on token swap will follow.
In August there will be a 3rd and last release of Private Sale tokens. After the release of the tokens the circulating supply will increase to ~370m CPC.
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10. EXCHANGES
CPChain (CPC) is currently traded on 5 exchanges:
- Bibox
- IDEX
- ForkDelta
- TIDEX
- Loopring
We are in talk and have applied to other exchanges. Due to NDA we can not give further comments on it. Once a new listing has been approved, we will immediately announce it on our social channels.
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11. WEBSITE, OFFICIAL ACCOUNTS & CONTACT INFO
For questions, feedbacks or any kind of enquiries please feel free to contact one of our Global Community Advisors via Telegram:
- Casper: @casarn
- Parth: @Parths
- Rune: @runebergh
- Steven: @mysterious369
- Tommo: @TommoNL
For business enquiries you can also send an email to [info@cpchain.io](mailto:info@cpchain.io).
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12. FAQ (FREQUENTLY ASKED QUESTIONS)
What is CPChain?
Cyber Physical Chain or CPChain is a new Chinese based distributed infrastructure platform for the next generation of Internet of Things (IoT). It is a new and highly innovative solution for wide scale IoT applications. CPChain’s goal is to deeply integrate blockchain technology, encryption computation and enhanced scalability via cloud storage, to enable IoT devices to interact with different data sets over cross-chain applications. CPChain will be the transmission vehicle for comprehensive data acquisition, data storage, data sharing, and application use in the IoT industry, allowing vendors and suppliers to monetize real time data on the blockchain.
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How does CPChain add value to the current IoT?
The Internet of Things (IoT) is all about machine-to-machine communication. But today’s IoT infrastructure has its limits, specifically in terms of privacy, security and cost-efficiency. CPChain will provide an improved and decentralized solution for data acquisition, data storage and data sharing. All this will be realized with a 3 layer based network structure: 1. PDash; 2. Mainchain; 3. Industry specific Side Chains. With the Side Chain mechanism we will ensure interoperability with external DApps, networks and service providers.
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Where is CPChain’s headquarter?
The CPChain Foundation is officially registered in Singapore. The operational center is in Shanghai.
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How many employees does CPChain currently have?
We have currently 25 employees and are expanding the team. End of year we expect 40+ staff.
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When was the Private Sale?
The Private Sale was 23-25th January 2018.
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What was Private Sale price?
USD 0.10
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Is CPC an ERC20 token?
Yes, it is currently an ERC20 token. This will change in October when our Mainchain goes live. Information on token swap will be released in time.
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On what exchanges is CPChain listed?
CPC is currently listed on 5 exchanges: Bibox, IDEX, EtherDelta, TIDEX, Loopring.
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When will new exchanges come?
We are in talk and have applied to new exchanges. No further comments on this due to NDA.
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Will CPC have masternodes?
Yes, it will be a tiered masternode system.
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How many tokens are required for masternode?
These details are not available yet. More information on masternodes will come in August.
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What is the token use?
CPC is essentially the fuel that runs the whole network. It is the necessary medium of exchange that is required for the system to work, much like ether is with Ethereum. It will be used to charge fees for transactions (say specific nodes or IoT devices are attempting to use too much of the networks bandwidth, they will be charged in CPC), burned executing smart contracts (transaction fees), held by DApp developers to ensure they can cover the gas bill associated with a specific DApp, paid out to node providers which would consist of storage/proxy/consensus nodes as well as providing a means of monetizing data. Service providers (DApps/smart contracts) can charge users to use their services or for data which can only be practically achieved by using a token, such as CPC, on the network. General data owners can also charge CPC for access to their data in an open data market. In short, it is the lifeblood of the CPC blockchain network and absolutely integral to its operation.
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What is PDash?
PDash is CPChain’s solution to storing a significant amount of data (that would be generated by IoT devices) off the main blockchain and only storing references to this data for validation/authenticity purposes. This solves one of the key problems in the approach of using blockchain to store data in IoT application: Scalability. Data is encrypted and stored in a parallel distributed cloud storage network and only hashes of data will be on the blockchain.
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What are CPChain’s core features?
CPChain’s 3 main features to improve the current global IoT infrastructure are: 1. Scalability; 2. Security; 3. Rapidity. Furthermore, CPChain’s unique characteristic lies in multi-layer based network construction that yields into cost-efficiency, interoperability and privacy solutions.
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Will CPChain also use DAG technology (Directed acyclic graph)?
Yes, we will implement DAG technology in some of our industry side chains.
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Does CPChain have patents on their technology?
Yes, we do have several patents. One of them is PDash’s DHT (Distributed Hash Tables) technology.
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What makes CPChain "better" than other IoT blockchain projects?
We see our strengths in the very unique and innovative technology that we are developing: A distributed storage, encryption computation and blockchain technology, providing the whole solution process from data acquisition, storage, sharing to application. This patent protected technology is one of the distinguishing features. Furthermore, we believe that the interoperability of CPChain plus the renowned team behind will gives us an edge in the market.
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What are your main competitors?
Now, there are IOTA, INT, ITC, Vechain, and some other players in the market. Rather than our competitors, we would like to say they are our potential partners to improve the IoT industry together. For now, we’re concentrating on our core technology development. In the future, we’re expecting more tech cooperation with other projects.
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What are the next milestones on the roadmap?
The Mainchain will go live in October. Also in Q4 2018 PDash 2.0 will be released. You can find a very detailed roadmap on our website.
