[ANN] 💦💦 HYDRO 💦💦 Security & Identity on the Blockchain

[Cryptoinvestor54]

The pitch seems similar to other finance-focused projects like ripple/stellar. What's going to separate it from those

I think the biggest difference is that xrp/xlm are more focused towards payment systems. Hydro seems to be more focused on finance as a whole.

XRP and XLM are definitely geared toward payments solutions, but XLM also seems to be building more of a platform (with tokens being launched and FairX exchange, etc). At the end of the day, they are both protocols designed for large-scale payment processing and they offer tangible benefits for financial companies in terms of operational efficiency and speed.

It does seem like they might be targeting the same kinds of companies as Hydro though

The functionality of Hydro is very different from Ripple and Stellar. We are building a more diverse set of products rather than building our own protocol or focusing on the actual mechanisms of token transfer.

In terms of general design, the main differentiator is the hybrid private-public model Hydro promotes. It adds blockchain as a separate layer to off-chain systems and integrates the two, so companies don't need to rebuild their systems from the ground up with blockchain (and waste tons of money and time). This is how we think blockchain will get adopted in the real world more readily.

So it seems like then hydro might be targeting a different demographic than the other two since they require more of a completely restructuring of any application currently used right? Are there any other tokens focused more in this area like hydro is?

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[goplgopl]

The pitch seems similar to other finance-focused projects like ripple/stellar. What's going to separate it from those

I think the biggest difference is that xrp/xlm are more focused towards payment systems. Hydro seems to be more focused on finance as a whole.

XRP and XLM are definitely geared toward payments solutions, but XLM also seems to be building more of a platform (with tokens being launched and FairX exchange, etc). At the end of the day, they are both protocols designed for large-scale payment processing and they offer tangible benefits for financial companies in terms of operational efficiency and speed.

It does seem like they might be targeting the same kinds of companies as Hydro though

The functionality of Hydro is very different from Ripple and Stellar. We are building a more diverse set of products rather than building our own protocol or focusing on the actual mechanisms of token transfer.

In terms of general design, the main differentiator is the hybrid private-public model Hydro promotes. It adds blockchain as a separate layer to off-chain systems and integrates the two, so companies don't need to rebuild their systems from the ground up with blockchain (and waste tons of money and time). This is how we think blockchain will get adopted in the real world more readily.

So it seems like then hydro might be targeting a different demographic than the other two since they require more of a completely restructuring of any application currently used right? Are there any other tokens focused more in this area like hydro is?

Now that I think about it, Hyperledger is probably the most direct competitor. If I was a big business I'd probably be looking at Hyperledger because they offer more custom solutions to integrate blockchain for w/e I need and they'll work with my current infrastructure. So it's along the same lines as Hydro

Brings up an interesting thought about IBM - they are building apps with Stellar but also one of the main funders of Hyperledger

[ProjectHydro]

The pitch seems similar to other finance-focused projects like ripple/stellar. What's going to separate it from those

I think the biggest difference is that xrp/xlm are more focused towards payment systems. Hydro seems to be more focused on finance as a whole.

XRP and XLM are definitely geared toward payments solutions, but XLM also seems to be building more of a platform (with tokens being launched and FairX exchange, etc). At the end of the day, they are both protocols designed for large-scale payment processing and they offer tangible benefits for financial companies in terms of operational efficiency and speed.

It does seem like they might be targeting the same kinds of companies as Hydro though

The functionality of Hydro is very different from Ripple and Stellar. We are building a more diverse set of products rather than building our own protocol or focusing on the actual mechanisms of token transfer.

In terms of general design, the main differentiator is the hybrid private-public model Hydro promotes. It adds blockchain as a separate layer to off-chain systems and integrates the two, so companies don't need to rebuild their systems from the ground up with blockchain (and waste tons of money and time). This is how we think blockchain will get adopted in the real world more readily.

So it seems like then hydro might be targeting a different demographic than the other two since they require more of a completely restructuring of any application currently used right? Are there any other tokens focused more in this area like hydro is?

Now that I think about it, Hyperledger is probably the most direct competitor. If I was a big business I'd probably be looking at Hyperledger because they offer more custom solutions to integrate blockchain for w/e I need and they'll work with my current infrastructure. So it's along the same lines as Hydro

Brings up an interesting thought about IBM - they are building apps with Stellar but also one of the main funders of Hyperledger

Most of the implementation that Hyperledger/IBM do will be private blockchains (i.e. chains in which ownership of nodes is centralized). This was a key point of consideration for us when building Hydro - we firmly believe that the concept of a "private blockchain" is self-defeating in many ways, and offers little benefit beyond traditional databases and other off-chain protocols. The hybrid private-public paradigm we are putting forth attempts to create a win-win, where enterprises maintain control over their private systems while being able to access the key benefits offered by a public ledger (such as transparency, security, and decentralization).

[Cryptoinvestor54]

The pitch seems similar to other finance-focused projects like ripple/stellar. What's going to separate it from those

I think the biggest difference is that xrp/xlm are more focused towards payment systems. Hydro seems to be more focused on finance as a whole.

XRP and XLM are definitely geared toward payments solutions, but XLM also seems to be building more of a platform (with tokens being launched and FairX exchange, etc). At the end of the day, they are both protocols designed for large-scale payment processing and they offer tangible benefits for financial companies in terms of operational efficiency and speed.

It does seem like they might be targeting the same kinds of companies as Hydro though

The functionality of Hydro is very different from Ripple and Stellar. We are building a more diverse set of products rather than building our own protocol or focusing on the actual mechanisms of token transfer.

In terms of general design, the main differentiator is the hybrid private-public model Hydro promotes. It adds blockchain as a separate layer to off-chain systems and integrates the two, so companies don't need to rebuild their systems from the ground up with blockchain (and waste tons of money and time). This is how we think blockchain will get adopted in the real world more readily.

So it seems like then hydro might be targeting a different demographic than the other two since they require more of a completely restructuring of any application currently used right? Are there any other tokens focused more in this area like hydro is?

Now that I think about it, Hyperledger is probably the most direct competitor. If I was a big business I'd probably be looking at Hyperledger because they offer more custom solutions to integrate blockchain for w/e I need and they'll work with my current infrastructure. So it's along the same lines as Hydro

Brings up an interesting thought about IBM - they are building apps with Stellar but also one of the main funders of Hyperledger

Most of the implementation that Hyperledger/IBM do will be private blockchains (i.e. chains in which ownership of nodes  is centralized). This was a key point of consideration for us when building Hydro - we firmly believe that the concept of a "private blockchain" is self-defeating in many ways, and offers little benefit beyond traditional databases and other off-chain protocols. The hybrid private-public paradigm we are putting forth attempts to create a win-win, where enterprises maintain control over their private systems while being able to access the key benefits offered by a public ledger (such as transparency, security, and decentralization).

Yeah I feel like big banks and stuff like that wont want to use public chains because they are then unable to keep private user data private. I could see something that allows banks to keep most data private would be useful

[goplgopl]

The pitch seems similar to other finance-focused projects like ripple/stellar. What's going to separate it from those

I think the biggest difference is that xrp/xlm are more focused towards payment systems. Hydro seems to be more focused on finance as a whole.

XRP and XLM are definitely geared toward payments solutions, but XLM also seems to be building more of a platform (with tokens being launched and FairX exchange, etc). At the end of the day, they are both protocols designed for large-scale payment processing and they offer tangible benefits for financial companies in terms of operational efficiency and speed.

It does seem like they might be targeting the same kinds of companies as Hydro though

The functionality of Hydro is very different from Ripple and Stellar. We are building a more diverse set of products rather than building our own protocol or focusing on the actual mechanisms of token transfer.

In terms of general design, the main differentiator is the hybrid private-public model Hydro promotes. It adds blockchain as a separate layer to off-chain systems and integrates the two, so companies don't need to rebuild their systems from the ground up with blockchain (and waste tons of money and time). This is how we think blockchain will get adopted in the real world more readily.

So it seems like then hydro might be targeting a different demographic than the other two since they require more of a completely restructuring of any application currently used right? Are there any other tokens focused more in this area like hydro is?

Now that I think about it, Hyperledger is probably the most direct competitor. If I was a big business I'd probably be looking at Hyperledger because they offer more custom solutions to integrate blockchain for w/e I need and they'll work with my current infrastructure. So it's along the same lines as Hydro

Brings up an interesting thought about IBM - they are building apps with Stellar but also one of the main funders of Hyperledger

Most of the implementation that Hyperledger/IBM do will be private blockchains (i.e. chains in which ownership of nodes  is centralized). This was a key point of consideration for us when building Hydro - we firmly believe that the concept of a "private blockchain" is self-defeating in many ways, and offers little benefit beyond traditional databases and other off-chain protocols. The hybrid private-public paradigm we are putting forth attempts to create a win-win, where enterprises maintain control over their private systems while being able to access the key benefits offered by a public ledger (such as transparency, security, and decentralization).

Yeah I feel like big banks and stuff like that wont want to use public chains because they are then unable to keep private user data private. I could see something that allows banks to keep most data private would be useful

I agree with you here. There's already been huge pushback from banks about public ledgers. Ripple tried to solve that with gateway (centralized) nodes, but it doesn't look like a viable long-term solution.

This hybrid system probably makes the most sense for adoption, either that or we get some way to make on-chain data private without slowing down transaction times (which seems unlikely for now).

Definitely interesting stuff here with Hydro, I'll have to keep an eye on where this goes

[ProjectHydro]

The pitch seems similar to other finance-focused projects like ripple/stellar. What's going to separate it from those

I think the biggest difference is that xrp/xlm are more focused towards payment systems. Hydro seems to be more focused on finance as a whole.

XRP and XLM are definitely geared toward payments solutions, but XLM also seems to be building more of a platform (with tokens being launched and FairX exchange, etc). At the end of the day, they are both protocols designed for large-scale payment processing and they offer tangible benefits for financial companies in terms of operational efficiency and speed.

It does seem like they might be targeting the same kinds of companies as Hydro though

The functionality of Hydro is very different from Ripple and Stellar. We are building a more diverse set of products rather than building our own protocol or focusing on the actual mechanisms of token transfer.

In terms of general design, the main differentiator is the hybrid private-public model Hydro promotes. It adds blockchain as a separate layer to off-chain systems and integrates the two, so companies don't need to rebuild their systems from the ground up with blockchain (and waste tons of money and time). This is how we think blockchain will get adopted in the real world more readily.

So it seems like then hydro might be targeting a different demographic than the other two since they require more of a completely restructuring of any application currently used right? Are there any other tokens focused more in this area like hydro is?

Now that I think about it, Hyperledger is probably the most direct competitor. If I was a big business I'd probably be looking at Hyperledger because they offer more custom solutions to integrate blockchain for w/e I need and they'll work with my current infrastructure. So it's along the same lines as Hydro

Brings up an interesting thought about IBM - they are building apps with Stellar but also one of the main funders of Hyperledger

Most of the implementation that Hyperledger/IBM do will be private blockchains (i.e. chains in which ownership of nodes  is centralized). This was a key point of consideration for us when building Hydro - we firmly believe that the concept of a "private blockchain" is self-defeating in many ways, and offers little benefit beyond traditional databases and other off-chain protocols. The hybrid private-public paradigm we are putting forth attempts to create a win-win, where enterprises maintain control over their private systems while being able to access the key benefits offered by a public ledger (such as transparency, security, and decentralization).

Yeah I feel like big banks and stuff like that wont want to use public chains because they are then unable to keep private user data private. I could see something that allows banks to keep most data private would be useful

I agree with you here. There's already been huge pushback from banks about public ledgers. Ripple tried to solve that with gateway (centralized) nodes, but it doesn't look like a viable long-term solution.

This hybrid system probably makes the most sense for adoption, either that or we get some way to make on-chain data private without slowing down transaction times (which seems unlikely for now).

Definitely interesting stuff here with Hydro, I'll have to keep an eye on where this goes

It makes sense from the enterprise's perspective, and we understand that. It's a huge liability to have potentially sensitive data floating around on a publicly available ledger.

With that being said, Hyperledger is definitely a competitor for Hydro.

[goplgopl]

quote author=ProjectHydro link=topic=2778123.msg29883253#msg29883253 date=1518118270]

The pitch seems similar to other finance-focused projects like ripple/stellar. What's going to separate it from those

I think the biggest difference is that xrp/xlm are more focused towards payment systems. Hydro seems to be more focused on finance as a whole.

XRP and XLM are definitely geared toward payments solutions, but XLM also seems to be building more of a platform (with tokens being launched and FairX exchange, etc). At the end of the day, they are both protocols designed for large-scale payment processing and they offer tangible benefits for financial companies in terms of operational efficiency and speed.

It does seem like they might be targeting the same kinds of companies as Hydro though

The functionality of Hydro is very different from Ripple and Stellar. We are building a more diverse set of products rather than building our own protocol or focusing on the actual mechanisms of token transfer.

In terms of general design, the main differentiator is the hybrid private-public model Hydro promotes. It adds blockchain as a separate layer to off-chain systems and integrates the two, so companies don't need to rebuild their systems from the ground up with blockchain (and waste tons of money and time). This is how we think blockchain will get adopted in the real world more readily.

So it seems like then hydro might be targeting a different demographic than the other two since they require more of a completely restructuring of any application currently used right? Are there any other tokens focused more in this area like hydro is?

Now that I think about it, Hyperledger is probably the most direct competitor. If I was a big business I'd probably be looking at Hyperledger because they offer more custom solutions to integrate blockchain for w/e I need and they'll work with my current infrastructure. So it's along the same lines as Hydro

Brings up an interesting thought about IBM - they are building apps with Stellar but also one of the main funders of Hyperledger

Most of the implementation that Hyperledger/IBM do will be private blockchains (i.e. chains in which ownership of nodes  is centralized). This was a key point of consideration for us when building Hydro - we firmly believe that the concept of a "private blockchain" is self-defeating in many ways, and offers little benefit beyond traditional databases and other off-chain protocols. The hybrid private-public paradigm we are putting forth attempts to create a win-win, where enterprises maintain control over their private systems while being able to access the key benefits offered by a public ledger (such as transparency, security, and decentralization).

Yeah I feel like big banks and stuff like that wont want to use public chains because they are then unable to keep private user data private. I could see something that allows banks to keep most data private would be useful

I agree with you here. There's already been huge pushback from banks about public ledgers. Ripple tried to solve that with gateway (centralized) nodes, but it doesn't look like a viable long-term solution.

This hybrid system probably makes the most sense for adoption, either that or we get some way to make on-chain data private without slowing down transaction times (which seems unlikely for now).

Definitely interesting stuff here with Hydro, I'll have to keep an eye on where this goes

It makes sense from the enterprise's perspective, and we understand that. It's a huge liability to have potentially sensitive data floating around on a publicly available ledger.

With that being said, Hyperledger is definitely a competitor for Hydro.
[/quote]Ethereum scaling might be a problem in trying to compete with Hyperledger Fabric

[ProjectHydro]

The pitch seems similar to other finance-focused projects like ripple/stellar. What's going to separate it from those

I think the biggest difference is that xrp/xlm are more focused towards payment systems. Hydro seems to be more focused on finance as a whole.

XRP and XLM are definitely geared toward payments solutions, but XLM also seems to be building more of a platform (with tokens being launched and FairX exchange, etc). At the end of the day, they are both protocols designed for large-scale payment processing and they offer tangible benefits for financial companies in terms of operational efficiency and speed.

It does seem like they might be targeting the same kinds of companies as Hydro though

The functionality of Hydro is very different from Ripple and Stellar. We are building a more diverse set of products rather than building our own protocol or focusing on the actual mechanisms of token transfer.

In terms of general design, the main differentiator is the hybrid private-public model Hydro promotes. It adds blockchain as a separate layer to off-chain systems and integrates the two, so companies don't need to rebuild their systems from the ground up with blockchain (and waste tons of money and time). This is how we think blockchain will get adopted in the real world more readily.

So it seems like then hydro might be targeting a different demographic than the other two since they require more of a completely restructuring of any application currently used right? Are there any other tokens focused more in this area like hydro is?

Now that I think about it, Hyperledger is probably the most direct competitor. If I was a big business I'd probably be looking at Hyperledger because they offer more custom solutions to integrate blockchain for w/e I need and they'll work with my current infrastructure. So it's along the same lines as Hydro

Brings up an interesting thought about IBM - they are building apps with Stellar but also one of the main funders of Hyperledger

Most of the implementation that Hyperledger/IBM do will be private blockchains (i.e. chains in which ownership of nodes  is centralized). This was a key point of consideration for us when building Hydro - we firmly believe that the concept of a "private blockchain" is self-defeating in many ways, and offers little benefit beyond traditional databases and other off-chain protocols. The hybrid private-public paradigm we are putting forth attempts to create a win-win, where enterprises maintain control over their private systems while being able to access the key benefits offered by a public ledger (such as transparency, security, and decentralization).

Yeah I feel like big banks and stuff like that wont want to use public chains because they are then unable to keep private user data private. I could see something that allows banks to keep most data private would be useful

I agree with you here. There's already been huge pushback from banks about public ledgers. Ripple tried to solve that with gateway (centralized) nodes, but it doesn't look like a viable long-term solution.

This hybrid system probably makes the most sense for adoption, either that or we get some way to make on-chain data private without slowing down transaction times (which seems unlikely for now).

Definitely interesting stuff here with Hydro, I'll have to keep an eye on where this goes

It makes sense from the enterprise's perspective, and we understand that. It's a huge liability to have potentially sensitive data floating around on a publicly available ledger.

With that being said, Hyperledger is definitely a competitor for Hydro.

Ethereum scaling might be a problem in trying to compete with Hyperledger Fabric

We're keeping a close eye on Ethereum scaling proposals (e.g. Casper). We are confident that the platform will succeed long-term, but we are not tied to Ethereum. If it can't scale, we'll move to another framework.

Our strategy is to release products with lower transaction loads up front (like the Raindrop auth), and when we get to products and features with higher volume, we will be in a much better place as far as on-chain scalability goes.

[blink_stun]

A lot of developers will be very happy with this Airdrop. How I wish I can join this Airdrop. Not a dev but very skilled with computer stuff including SEO.

[ostrogoto2012]

Project himself look goog but don't trust this kind of airdrop ,  it would be better to use signature for the airdrop anyone! I mean it would be nice to get any airdrop using a signature

[ProjectHydro]

A lot of developers will be very happy with this Airdrop. How I wish I can join this Airdrop. Not a dev but very skilled with computer stuff including SEO.

If you think you might want to try to build something with Hydro in the future, it could be a good idea to sign up for the airdrop now 

[ProjectHydro]

Project himself look goog but don't trust this kind of airdrop ,  it would be better to use signature for the airdrop anyone! I mean it would be nice to get any airdrop using a signature

The signup only takes less than 2 minutes to register for the airdrop!

[Phash2k]

as a developer I will take a closer look at this

[goplgopl]

I'm trying to figure out how/when an authentication attempt ever expires? If I authenticate once, what prevents me from always being authenticated

[HydroAndy]

I'm trying to figure out how/when an authentication attempt ever expires? If I authenticate once, what prevents me from always being authenticated

In our smart contract we implemented a block timeout. This forces any specific address to authenticate once per day.

[goplgopl]

I'm trying to figure out how/when an authentication attempt ever expires? If I authenticate once, what prevents me from always being authenticated

In our smart contract we implemented a block timeout. This forces any specific address to authenticate once per day.

Are you doing that on chain? How do you track when a day has passed from a block? Or do you do it in the API level

[HydroAndy]

I'm trying to figure out how/when an authentication attempt ever expires? If I authenticate once, what prevents me from always being authenticated

In our smart contract we implemented a block timeout. This forces any specific address to authenticate once per day.

Are you doing that on chain? How do you track when a day has passed from a block? Or do you do it in the API level

In solidity it is very easy to track this on the blockchain. We simply have a variable in authentication requests that stores the time of the request + 1 day. If the current block is higher than this then the request is invalid.

[chalizzard]

Interesting project but Only Developers can receive airdrop?

[ProjectHydro]

Interesting project but Only Developers can receive airdrop?

Yes, in order to participate in the airdrop you have to sign up as a developer. However, this is not limited to just people who are professional developers - if you have interest in building something with Hydro, you can sign up!

[ProjectHydro]

So excited to be part of this project

Glad to have you on board!