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HPB, sometimes called the EOS of China, takes both a software and hardware approach. It combines blockchain based software with accelerated hardware to significantly improve transaction speed.
Unlike EOS, which is a blockchain that uses parallel processing, HPB will use an accelerating hardware chip as well. They are the first known blockchain to incorporate a hardware element in solving the scalability issue.
The company plans to target big companies and industries that utilize large amounts of data, mentioning Baidu, Alibaba, and Tencent as examples. Other target markets include IoT and the financial industry. HPB has a partnership with UnionPay, which is the largest card payment organization in the world based on payment transactions and debit/credit cards issued.
Founder Wang Xiao Ming has written three books on blockchain and has a close relationship with NEO and its founder Da Hongfei. Other team members come from backgrounds in Intel, Huawei, and others.
Advisors include the executive president of UnionPay, a nobel prize-winning physicist, and the president of Dongfang Fuhua Fund.
HPB is an ERC20 token that will be replaced with the HPB coin after the launch of the mainnet. HPB launched its public beta test-net phase in April 2018.