HAWK NETWORK [ IEO ] REVIEW




What Is HAWK Network ?

 Hawk Network refers to the technical infrastructure of the world’s leading distributed intelligent Internet of Things, which integrates edge computing, big data and blockchain technology. It aims to provide enterprises with lower access costs and a more efficient and trusted Internet of Things. Taking intelligent hardware as its base, artificial intelligence as its core, big data technology as foundation, and blockchain distributed ledger to balance its ecosystem and production factors, Hawk Network intends to ultimately achieve the goal of enabling global Internet of Things.

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 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  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 Thing, 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.



PROBLEMS

Great Risks Brought about Concentrated Investment
Existing shared travel platforms focus on purchasing and placing resources. Although the cost of centralized procurement of hardware equipment may be relatively low in terms of unit price, large-scale purchases will bring financial astronomical figures. At present, there is no real profit for sharing travel companies. In addition to the fierce competition in the field of travel, many companies continue to subsidize users and drivers, resulting in huge fiscal deficits. In blockchain era, have to doubt the persistence of this centralized, sporty and subsidized-driven business model. At the same time, it is necessary to reconsider this approach to bring huge investment risks.


OPERATION

 Traditional travel companies must build huge technical and operational teams because of their centralized investment model and operations in multiple cities around the world. Such a travel sharing platform requires a lot of human resources to maintain normal operations. For example, China’s Didi has a team of tens of thousands of people, resulting in huge operating costs. In addition, one of the main profit methods of Didi and Uber is to draw commissions for every successful transaction on the platform. From the public data, the commission ratio ranges from 20% to 40%, according to the market conditions of each city.



NETWORK

 Professor Zeng Ming, the education chief of the University of Lakeside, clearly pointed out that the fundamental challenge Uber faces is the lack of network effects. Uber does not have a “demand-side network effect.” Facebook, WeChat, Taobao, etc. are very typical demand-side network effects, users actively spread, helping enterprises to obtain new users close to zero cost. The more users, the more students, relatives, friends, colleagues, etc. are drawn into the network, and value of the network is naturally growing. Although Uber has no network effect, it has a clear platform economy. There are many ways to define the platform economy.


SOLUTION

 Localization Diversified Inputs Reduce Risk
The Hawk Network will build a decentralized blockchain IoT network. Rather than a traditional centralized network, intermediarie will be cut off during peer-to-peer transaction settlement between users and service providers, expect transaction costs to be reduced by nearly 20%. During the transaction, when the user orders or purchases a service, the Hawk Network token will be used as a transaction certificate. Users may need to freeze a certain amount of tokens as deposits, which will be released upon completion of the transaction. The entire transaction process will be handled by smart contracts and cross-linked hosting technology to ensure authenticity, legitimacy and compliance.


LOCALIZATION OPERATION REDUCE

The Hawk Network will fully realize localized investment and operations, and all IoT devices or travel hardware will be purchased by the eco-enterprise and then connected to the network. For example, for scooters used for travel, business users purchase a certain number of scooters and then launch them in the local city. The advantage of localization is that business decision makers are familiar with local policies and laws, better understand the usage habits of local users, and can quickly and easily maintain equipment. In this mode, in the near future, users can use various services in different occasions to bring them a smoother experience.


NETWORK EFFECTS

The Hawk Network records user and service provider data on blockchains such as identity information, asset information, transaction records, and comments on different services. Instead of storing and accessing data in a centralized database, store and extract data through a distributed storage scheme with a private key, which means that the data is not tampered with and can only be accessed by the owner. Based on the authenticity and non-tamperability of all user and asset data in the Hawk Network ecosystem, Hawk Network will form a multi-win cooperative network with car owners, riders, community partners, etc.


More Credible

According to Hawk Network, only integrating distributed database technology, edge
computing technology and blockchain technology, can the Internet of Things be called a more trusted distributed intelligent network different from traditional Internet. This network not only greatly improve the operation efficiency of the traditional IoT and reduces the computing cost, but also is a highly perceptive and secure trusted network. Blockchain is a kind of distributed ledger that uses cryptography technology to encode the effective information in the system. Blockchain can make every transaction real and effective. It must reach a consensus on the ownership of digital assets and make such digital assets unable to be tampered with and deleted.


BLOCKCHAIN

IoT and Blockchain
The idea of applying blockchain technology to the field of Internet of Things has existed for some time. In fact, Blockchain technology seems to be an appropriate solution to IoT at least three aspects: big data management, security and transparency, and the convenience of service exchange between interconnected smart devices.


DATA RECORD

IoT is essentially linked to large data. With the increasing number of IoT units installed, the consumption habits and behavior patterns data collected in the Internet of Things have multiplied. How to deal with this huge data has become a problem that must be solved. In this case, some people think that “there is no alternative option only the use of blockchain technology”. Blockchain technology can not only provide an appropriate solution for recording data of all IoT units, but also ensure that once the data is recorded, it cannot be changed again.


SECURITY

Blockchain technology can be further used to solve security and identity problems related to IoT. One of the biggest challenges in securing the Internet of Things is identity. More specifically, how do ensure millions or billions of smart devices connect and communicate safely with each other is the goal of the research on Hawk Network.


Empower

How does blockchain technology become a new generation of infrastructure that balances decentralization, security and performance? How does blockchain combine with Internet of Things to form a trusted Internet of Things? From the current point of view, the IoT is a trigger point in the future. The IoT fits naturally with blockchain in many aspects. Objectively speaking, the combination of the IoT and blockchain has other challenges besides the distributed data storage and edge computing mentioned. The combination of the IoT and blockchain is extremely complex. To face billions of devices with different computing power, it is required to solve the problems of interoperability, security, privacy and incentives of heterogeneous systems. Hawk Network has clear steps to solve these problems one by one.


MARKET

According to market research firm Grand View Research, the global electric scooter market was valued at $14.8 billion in 2015. It is expected that the increase in greenhouse and carbon emissions and the increase in environmental awareness will help to adopt electric scooters for the next eight years. The demand for electric scooters has led to a fundamental shift in the existing vehicle landscape in the areas of design, development, power distribution and power infrastructure. The role of governments in India, China and Japan in developing vehicle charging station standards and regulations is expected to have a positive impact on regional growth.



DISTRIBUTION

Hawk network is deploying a decentralized peer-to-peer distributed storage technique by
applying a DHT based distributed storage protocol, with data being indexed by file content (Hash) instead of a file path (URL). Large files will be partitioned into fixed-size data chunks and distributed across multiple nodes. Each file fragment is indexed by a hash value, which is stored in the distributed hash table of each node. When the user needs to extract the complete file, The Kademlia DHT algorithm will retrieve the file fragments from the distributed storage network, and reassemble it into a complete file. Each server node does not have a complete file or even a full fragment index from one file. Therefore, if a single server is compromised by hackers, they cannot obtain complete file data.

ROADMAP





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