Summary of Danny Rowshandel’s recent AMA’s

This article was originally published HERE at the official Korean HPB Medium-Page, as a summary of the AMA’s and Q&A’s Danny held recently. Please excuse possible translation mistakes and omissions.

In the recent months, Danny Rowshandel organized a variety of Q & A sessions and AMAs conducted by HPB. Danny has been very active in the community through media coverage and telegram communication, including Dutch national TV and blockchainstories as well as HPB press coverage.

1. Please introduce yourself briefly. How did you join HPB? As a Managing Director, please explain what you do mainly.

Hello, I am Danny Rowshandel, Director of International Business at HPB (High Performance Blockchain). Our team’s goal is to expand HPB’s business to new territories and we expand our business through strategic alliances with various business organizations, universities and other companies. We also organize business events such as workshops and hackathons and participate on behalf of our company at international events and press.

Prior to working at HPB, I worked at ICBC, China’s largest state-run bank, and at HNA Technology, an investment-focused investment company focused on IT services. In both companies, I worked with other colleagues on block-chain technology. For example, ICBC looked at the possibilities of digitizing digital payments and digitizing with digital ID technology. On the other hand, HNA has examined the possibility of tokenizing multiple assets. It was to create partial ownership through tokenization to facilitate investors’ participation and reduce financial risk. I also worked part-time as a consultant to Crypto VC and provided consulting services to China’s promising block-chain companies.

I found HPBs in the process of researching promising cryptographic projects and became more interested. Coincidentally, my good friend Emma was already working here as Chief Marketing Officer (CMO). She explains HPB’s global expansion plan and suggested me to work together, and after an additional conversation with the HPB Management team, I decided to join the team.

2. How do you see the future of the cryptography industry? What role does HPB play?

It is important to distinguish between blockchain technology and cryptography. Blockchain is a digital ledger, on which the cryptography is built. Cryptographic blockchain provides a digital means of performing transactions in a system.

The future of blockchaintechnology is very bright. Many governments and companies have suggested and will continue to use block-chain technology. For example, KLM is very active in the Netherlands. KML is conducting experiments to streamline flight booking procedures, launch digital loyalty programs and improve the logistics process. Many companies realize the benefits of blockchain technology and expect demand to surge.

To understand the role that cryptography can play in our future society, we need to look at the function of traditional money. Money has four basic functions: Money acts as a guarantee of value, a means of exchange of value, a means of payment, and a measure of general value.
With the invention of the Internet and the development of the underlying technologies that make it possible, we are seeing that the inherent value of physical assets is constantly being transformed into values ​​created by digital assets. Looking at some of the best companies in the world, they are technology companies whose main asset is data. Therefore, a fundamental review of the meaning and function of money has been made.

Decentralized networks based on open protocols will change the Internet and entrepreneurship. Cryptography provides an opportunity for all stakeholders to be motivated in common and to develop their own economic systems to avoid fraud and conflict. Taking these advantages into account, we believe that the cryptographic market will grow over the long term. HPB has the potential to become one of the leaders in this transformation. By building the world’s first and only hardware solution, our future-oriented technology provides a good foundation for building applications in blockchain protocols. With our blockchain offload engine (BOE), our hardware chipset, data can be transferred reliably at high speed.

3. What will happen around High Performance Blockchain in the next few months?

The HPB team is active in various fields. From a technical point of view, our team is now spending a lot of time researching and optimizing the hardware chipset. This study will be able to introduce BOE version 2.0 in the future. In addition, our technical team is working on new applications for a variety of industries to provide a complete plug-n-play solution for users and organizations.

In terms of marketing, we are building various partnerships with technical accelerators, universities and media. Especially, it is very important to know the project in China and enter new market. It is very important to achieve our goals with a good local partner, because of the high percentage of local people in our team at HPB. In addition, our goal is to list HPB on more global exchanges. We would like to be able to work with exchanges with real trading volumes and the possibility to get HPB direct with local currencies. We plan to make it as easy as possible for our users to participate in our ecosystem as easily as possible.

From a business perspective, we are having conversations with various parties, and I think the demand for HPBs is steadily increasing. For example, in China, we are already working with Union Pay, the world’s largest payment company, and ITCEC, a large state-owned Chinese company supplying electricity to all parts of China. In addition to China, we held in-depth discussions with large numbers of political parties in the business and government for large projects overseas. We hope to see long-term achievements in this area.

4. Is the BOE useful only when used with HPB open source software? Or can I use this hardware for more applications?

BOE is open source and can, in principle, be combined with any block chain. You can also combine a BOE with a virtual machine (for example, an Ethereum network). However, this technique is optimized for blockchain. For example, a good application of the various components of the BOE is the DApp implementation of the hardware random number generator. For example, in the case of a game, you can use a random number generator to drop an item.

5. What is the biggest challenge facing you as a blockchain start-up?

Most societies still do not understand what blockchain technology is and what its functions are. When block chaining comes out, people often associate it as a ‘bit coin trader’. Also, many people tend to brand their projects as ICO frauds. It can be a challenge from constructive discussions with people who have different standards. On the other hand, you may not be able to innovate your organization in a way that is able to properly accommodate technology while showing strong interest in the blockchain technology. As a blockchain provider, it’s important to raise awareness of the technology and provide a plug-n-play solution so that users and organizations can use the new technology.

6. How is the Chinese blockchainmarket different from the European market? And what is the biggest (undefined) prejudice we have? What are the advantages of the chinese market?

In terms of introducing blockchain technology, China is ahead of Europe. The Chinese government views blockchain technology as one of the basic technologies for economic reform in China. Block chaining technology has already been adopted at various governmental levels. In addition, there are hundreds of companies in Shanghai that are related to blockchains. In that respect, Chinese companies seem to be much more practical than Europe. Digital asset trading is in the gray zone of China. The Chinese government wants to ban it because many wealthy Chinese use cryptocurrencies to send their capital abroad. Because the Chinese government wants to control all flows of money and data, it does not support the current bitcoin model and other passwords.

7. In terms of partnership and community, what does Europe mean to HPB?

Europe is one of the forerunners of blockchain-technology, for example, which has already overtaken many parts of the United States and Asia by applying already disruptive distributed technology. The European market has a lot of potential, because it has many excellent developers. In addition, many European countries are very open minded. For example, Malta and Switzerland have already introduced a broad legal framework for blockchaintechnology and organization. This will provide you with solid information for companies that want to implement blockchain and technology. We see the Netherlands, Germany and Switzerland as strategic centers for building communities. That’s why we installed an incubator in Switzerland with the Crypto Valley to support local blockchain developers.

8. Who is HPB’s biggest competitor? ‘Second Generation’ blockchains, other block chains, new start-ups, or bitcoin?

There is no direct competitor, because there is no other blockchain company that offers products similar to HPB (blockchain hardware chipsets). In practice, all blockchain protocols can compete with us. If you look at it, you can think of projects like Ethereum and EOS as competitors. But we believe HPB offers different value propositions. And in this way we will build our own distinction in the long run.

9. What advice would you give to any blockchain or cryptographic advocate?

The number of blockchain projects and applications will increase over the next few years. Most of these projects have ambitious goals, but various studies show that 90% of all technology companies fail within five years. First, it is important to evaluate whether the business model of the project is real and whether there is a reasonable chance that it will succeed. Therefore, I would encourage people to carefully check that the project is still active and transparent about their performance and progress.

10. (For those who do not know HPB) Can you tell me exactly what HPB is doing and what is so special about other block chains?

HPB is a public blockchain protocol that acts as a platform for developers to build distributed applications. In this respect, we have similar goals to other projects such as NEO and Ethereum.
Our project was the first to build a dedicated hardware board that simplifies existing blockchain-functionality while enhancing security. Our hardware boards (Blockchain Offload Engine — BOE) enable large-scale application implementations.

11. A DApp that wants to use your blockchain must hold an amount of HPB. How many HPBs should a DAPP hold and if the HPB price increases, does the reserve change?

Theoretically, DApp does not need to have an HPB to use our platform. However, in practice DApps must have HPB to execute transactions and issue smart contracts. To compensate the node owner for maintaining the security and operation of the network, gas is required for each transaction. Therefore, as more transactions are performed by a particular DApp, more HPBs are required to fulfill these transactions and keep the system running.

12. I heard that HPB now provides free hardware. Is that right?

We do not currently sell BOE for a fee. Any user who meets the minimum requirements for Internet speed and server capacity can receive a BOE free of charge through node application.

13. I am wondering what business is going on in the financial sector. I know a lot of business developments in games and other fields, but there seems to be a shift to other fields such as Union Pay and Alibaba. Do you mean there is a business going on with big companies like UnionPay?

Many large corporations are not entirely convinced about the introduction of blockchains. We want to check the potential of new technology with time. In this regard, SMEs are more likely to implement blockchain technology ahead of large enterprises.

14. How is the partnership with CPChain progressing? Why did HPB choose to work with CPChain?

One of the co-founders of CPChain has joined HPB. Although he is not currently a member of HPB, the two companies are still maintaining good relationships and collaborating.

15. What role does NEO play in HPBs?

There is a good relationship between our representative and Mr. HPB plans to build a NEO VM, and we plan to host it as well. We want to emphasize that HPB wants to develop on its own, and is not part of NEO. NEO is a good partner and one of the first investors in HPB. Collaboration will create business together where there is synergy.

16. Other blockchain projects can also increase the TPS by using the hardware of HPB. Are there any projects you are interested in?

We are in discussions with several parties including companies interested in HPB’s BaaS products.

17. Can I expect to be listed on a large exchange soon?

We are always aiming to increase the liquidity channel for users and investors, and we will continue to do so. For specific exchange channels, please follow our media channel.

18. Do you plan to provide translated information for non-English speaking countries?

Yes, we are currently working with the community to provide translations in various languages. French, Russian and German are available now.

19. How important is [node] voting to your network operations?

The voteing determines who will be the next node holder. Because node holders manage our network, it is very important that everyone is actively involved.

20. How is HPB involved in developing and supporting games in the blockchain-sector?

HPB can play a variety of roles to support the blockchain-games. For example, you can award a bonus to a game player with HPB, which can be used to purchase items in-game and have a platform that allows point-to-asset connections and transfers between games. However, the great potential of BOE is that it can be used in the game itself, such as hardware random number generators for item drop or signature verification accelerators for account processing and databases. You can also build a complete blockchain game together. In other words, there are many different ideas that we can try.

21. Where do you see HPB in five years?

It’s really hard to predict. Blockchain technology is at an very early stage. But I am convinced that it is the philosophy of HPB to optimize the foundation for building and operating blockchain systems. After five years, HPB has to provide a specific application. At that time, we will no longer be limited to blockchain platforms / infrastructures, but to offer products and services that address specific problems in other industries.

22. What about logistics and supply chains? Could it be a competitor to a project like VeChain or Walton? Can you compete with high-profile projects?

Our platform also has this type of functionality because it supports digital IDs and complex smart contracts. But the focus of HPB is not only here. HPB is a protocol chain, that is different from VeChain. We expect these solutions to be developed with our partners in the future as we have all the underlying technologies. I also want to emphasize that everything is still in its infancy stage. The projects and products on the market today are not yet complete.

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