Blockchain technology, as a decentralized value transmission system, was first proposed by anonymous Satoshi Nakamoto and applied to Bitcoin. In the Bitcoin system, in order to complete relatively complex types of transactions, Nakamoto creatively proposed scripts Mechanism. But when developers want to implement more functions through Bitcoin script, they are often subject to many restrictions. To this end, Ethereum proposed by Vitalik Buterin makes Turing- complete smart contracts and EVM to make blockchain-based The application development of technology has become possible and has been praised by the industry as “Blockchain 2.0” after Bitcoin.
However, both Bitcoin and Ethereum are facing the expansibility and rapid expansion brought by the rapid growth of users and transactions The problem of transaction delay. The root cause lies in the structure of the single chain in the current blockchain system, which makes many outstanding projects lack sufficient flexibility in the face of these problems. The development of blockchain in the field of the Internet of Things is a natural application. It’s also difficult. In order to solve these problems and better integrate the blockchain 3 with the Internet of Things technology, after continuous exploration and demonstration, the HRD tree-type blockchain was proposed by South Korea’s Shin Ming Energy Technology Group，and HRD tokens issued by Hong Kong Fushi Group.
Shin Ming Energy Technology Group is located in Seoul No. 528 Teheran Road, Jiangnan District, Special City, the main promotion business: new material environmental protection lubricants; the company’s core products are mainly used: automotive lubricants; industrial, agricultural, heavy equipment, marine, aircraft lubricants; satellite Special lubricants for robots, aerospace, rockets, etc. The company’s subordinates include: Manufacturing Division, Distribution Division, Education Division Technology Research Institute Overseas Division (China Branch, Indonesia Branch, Malaysia Branch, Philippines Branch, Vietnam Branch).
HRD has a tree structure of “main chain + multi-application branch chain”. Through the infinite expansion of branch chains, it can achieve transaction expansion and high concurrency problems that cannot be solved by the single chain structure. At the same time, as the infrastructure of the Internet of Things, HRD will establish multiple Physical device trust and data communication in heterogeneous environments, creating a stable and reliable technical foundation for the more complex business models of the future Internet of Things.
HRD Coin