HYDRO
Project hydra -- emanated from hydrogen which is an established FinTech startup.
With hydro at its core allows private systems to interface with a public blockchain so u {conclude|wrap up} with a two paralleled ecosystems which are:
THE FINANCE ENVIRONMENT HYDRO ECOSYSTEM
The hydrogen platform is architected to be modular and expandable, the hydro module that connects to {the general public|people|the population} blockchain sits ontop of the hydrogen platform every other third body application... {Designers|Programmers|Builders}, developing FinTech applications gets multi-factor authentication through the hydrogen platform employing to leverage the hydro component they get additional {general public|open public|general population} immutable factor as well.
DEFINITION OF*HYDROGEN
(Hydro)
Hydro is the blockchain {software|program|app} of Hydrogen, an API platform that allows {designers|programmers|builders} {to develop|to make|to generate} {superior|complex} fintech {programs|software} in less than {12|twelve|15} minutes. Hydro {permits} private financial systems to {effortlessly|easily|flawlessly} leverage the public blockchain. Cloud applications throughout the financial services ecosystem can now benefit from the power of smart {agreements|deals}, creating more secure, {clear|translucent|see-thorugh}, and low cost financial products globally.
WHY {IS USUALLY|IS DEFINITELY|CAN BE} HYDRO DIFFERENT
Hydro is different because it {permits} developers to seamlessly release blockchain in their existing applications, without the need to create expensive {facilities|system|structure}. If you are building a fintech {software|iphone app} in investing, savings, or insurance, Hydrogen is already leverage the Hydro blockchain technology via the Hydrogen Atom API.
Hydro is also different because it allows private organizations to {funnel|control|use} the power of {general public|open public|general population} blockchain. Hydro relies on the thousands of {designers|programmers|builders} globally that are working to make underlying blockchain faster, {better|more robust} and {effective|successful|useful}.
PROCESSES INVOLVED IN THE AUTHENTICATION OF HYDRO {TASK|JOB}
INITIALIZATION
Initialization is the assignment of an {preliminary|first|primary} value for a data object or variable in computer programming but in Hydro's perspective, initialization {commences} with a system used in obtaining credentials making sure that the system can {have the ability to|manage to} communicate with the blockchain with the Hydro Module.
RAINDROP
{This technique|This method|This procedure} occurs after the initialization process must have recently been completed, thus making sure the hydro authentication process must {commence|get started} enabling the accessor to perform raindrop transaction by requesting raindrop details from {the device|the machine|the program} and the in return {paths|ways|tracks} the request to HYDRO which generates a new raindrop storing certain {unrevised|the same|unaffected} {information on|particulars on} the blockchain and then returns full details to the Accessor via the system.
VALIDATION
This kind of is the final step of processes involved in hydro authentication thereby making the accessor request gain access to {the device|the machine|the program} via the system's mechanism. Before this can be done, the system enquires from Hydro to {be certain|make certain} if the accesor has performed a valid raindrop transaction. {Nevertheless|On the other hand|Even so}, Hydro after much {conversation|connection|discussion} with the smart {agreement|deal} checks for validity and responds with a true/false designation leaving the system {in order to|to} decide how it should proceed. {Depending on|Based upon} the designation received from Hydro, it makes it easy for {the device|the machine|the program} to {refuse|reject|refute} access or grant gain access to if it is {fake|bogus|phony} or true respectively.
{SUMMARY|BOTTOM LINE|REALIZATION}
Hydro as a financial technology will not only boost financial services but actually will benefit stakeholders in the long run, {resulting in|ultimately causing|bringing about} productivity and {effective|successful|useful} resource control.
CREATION OF A NEW DIGITAL {ECONOMIC CLIMATE|OVERALL ECONOMY|ECONOMIC SYSTEM}
According to research conducted with a global cybersecurity and risk minimization company (NCC Group), the number of security weaknesses detected in the financial services sector has increased by over 418% in the last 4years.
{They will|That they} examined the vulnerabilities found in 168 financial services organizations, and {the end result|the effect|the actual result} {exposed|uncovered|unveiled} that the number of security vulnerabilities detected within the finance sector has grown exponentially {recently|lately|in recent times}, {rising|increasing|leaping} from an average of 217 in 2013 to 910 in 2016, every organization.
Web application {platform|construction|structure} vulnerabilities constituted about {twenty-four|twenty four}. 7% of the issues captured to be medium to high risks, and this emanates from within {the program|the application|the software program} designed to help the evolution of web applications including web APIs, services and resources. This kind of number had increased almost five-fold since 2013.
Found in its bid {to higher|to raised} {participate|indulge|employ} with customers, the {financing|fund|funding} sector {appears to be} progressively {having a|going for a|getting a} digital-first perspective. However, the resultant effect of this approach is the {truth|reality|simple fact} organizations will further come in contact with a growing number of security vulnerabilities. Also, data {personal privacy|level of privacy|privateness} and protection is key as customers would only want to have a relationship with financial services they can trust.
{Nevertheless|On the other hand|Even so}, with the use of Blockchain technology, Hydrogen {is designed|seeks|aspires} to create a digital ecosystem for a better, easier, secure, more {open up|available|wide open} and inexpensive lending options, thus bringing fintech to the masses. The hydrogen platform will allow new and existing private systems to simply integrate and leverage the unchangeable & clear dynamics of a public blockchain to {heighten|accentuate|increase} application, document security, {identification|personality|id} management, transactions, and {unnatural|man-made|manufactured} intelligence. With the use of Hydrogen's modular {arranged|established|placed} of global REST APIs, the high cost and time associated with building and running digital {financial|financing|fund} applications will be {removed|eradicated|taken away}.
The hydrogen platform has three working products (REST APIs) namely: The Hydrogen atom, Hydro blockchain, and Hydrogen ion.
The hydrogen ion was designed to help build highly developed fintech products from one API platform within {mere seconds|secs|just a few seconds}.
THE HYDRO PROJECT
The very first phase of the hydrogen project is the 'Hydro Raindrop'. {With this|Through this|From this} {stage|period}, developers and enterprises will be able to {incorporate|combine|assimilate} any API with the hydrogen REST API on the hydrogen platform through the Hydro Raindrop. The Hydro raindrop is a blockchain-based authentication service built on the hydro {general public|open public|community} ledger {and will also be|and you will be|increase in} made available in the form of an open source software, in order to provide extra to safeguard {delicate|very sensitive|hypersensitive} financial data that could be vulnerable to {hackers|modifications}.
In just as much as traditional SMS and email 2FA provides some form of security, they still have security issues and are also the minutest secure recourse for 2FA (two-factor authentication). {They will|That they} provide the least {secure|attached|established} option because, OTP {communications|text messages|emails} can be compromised {in lots of ways|in several ways} ranging from sim {trades|exchanges}, phishing emails, malware down load, to attacks against GSM and 3G networks. {Nevertheless|On the other hand|Even so}, with the advent of the hydrogen raindrop 2FA, private systems will be strengthened with a blockchain-based authentication layer, and {consumer|customer|end user} access functions such as payments, {sign up|to remain}, account creation etc., will be {guarded|safeguarded|shielded} with the use of public key cryptography.
The raindrop authentication services come in two forms; {customer|consumer} and system side. The client-side aims to protect the end user, {while|although|even though} the system side {is perfect for|is made for|is good for} the security of large private systems, APIs and databases. Platforms who {plan|want|aim} to enhance their security protocols with the use of the hydro raindrop 2FA (either client or system side), {will need to|must} {incorporate|combine|assimilate} the raindrop API into their systems, and this integration is usually completed within some few several hours. For example, {if the system|if the program|when a system|when a program} decides to integrate with the client-side raindrop, users of the platform {would need to|will have to} download the hydro mobile {software|iphone app} which is available on IOS and Yahoo play stores {after} {conclusion|finalization|achievement} of the mixing. The hydro {software is|iphone app is} a blockchain-based 2FA decentralized {software|iphone app} built to provide supplemental to safeguard the end users.
Useful Backlinks:
Telegram Group -- https://t.me/projecthydro
Twitter Page -- https://twitter.com/@hydrogenapi
Discord -- https://discordapp.com/invite/gxAUagw
Bitcointalk -- https://bit.ly/2wHL7w2
Raindrop Whitepaper __ https://bit.ly/2wNs6rM
Github https://github.com/hydrogen-dev
Hydro Smart Contract -- https://bit.ly/2InyjMK
Token Tracking -- https://coinmarketcap.com/currencies/hydrogen/
