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Hydrogen has signed long-term agreements with financial giants TD Bank and Principal Financial and has established a technology partnership with Oracle for the full use of their API suite, including their public $ HYDRO blockchain token.
Blockchain education and current habits seem to be the biggest obstacles for a further encryption. The most successful tokens will probably be the ones that will fill the gap between the old Web 2.0 and the future Web 3.0.
Ripple currently leading the adoption race, as announced at the start of this year that their first commercial use of their XRP for the real world would be implemented by the financial companies Mercury FX, Cuallix and Catalyst Federal Credit Union.
This immediately follows test programs with private blockchain integrations with Western Union, Santander and MoneyGram.
Hydrogen partnerships
The team of Hydrogen he has also collaborated with large institutions in the exploration of the use of blockchain through their private API offerings.
Their deal TD Bank intends to improve the investment experience for customers with Hydrogen's financial APIs, including the future integration of their public HYDRO token blockchain project.
The collaboration with TD Bank has followed the partnership of Hydrogen with Principal Financial that has managed over 2.1 trillion dollars in business, demonstrating the confidence in the technology that won the "Start-up of the Year" team in 2018 by the company Big 4 KPMG accounting.
To put this in context, Santander has $ 1.64 trillion of assets under management.
With two more awards – FiNext's "Innovator in Finance 2018" and "Rising Fintech Star" of the Indian Fintech Award in Mumbai – the Hydrogen team began to see the global recognition of their blockchain-based protocols in their first year.
Adding to this news, the voice of a partnership with Oracle's 10th technology giant, is also putting this token on the fast road to adoption in 2019.
Hydrogen was recently identified as an addition to that of Oracle Digital innovation platform. The platform enables banks to accelerate the integration of innovative financial technologies.
Oracle claims to have embedded fintechs that are rapidly monetizing disruptive innovation technologies, allowing banks to implement innovation goals in weeks instead of years.
Protocol vs platform
While Ripple continues to focus on cross-0 payment protocols in their solutions, Hydrogen is taking a broader approach to blockchain integration with their $ HYDRO project, a platform-based token utility that offers a more complete solution to current problems of financial services.
In addition to payment solutions, the Hydro platform will provide two-factor authentication (2FA), identity management including KYC and document signing.
This ecosystem will make current systems for financial institutions more efficient at every stage of the process, from integration to ongoing and future client services.
Hydro aims to be a completely decentralized project
As a public blockchain platform, Hydro aims to be a truly decentralized project.
Ripple and its XRP token took a lot of heat compared to the centralized nature of their project. Just this year, Ripple has been sued by a federal R3 court over $ 1 billion in XRP tokens. This suggests that XRP is regarded as Ripple, prompting critics to argue that a truly decentralized project can not be sued.
A BitMex research team has also recently published a relationship which disputed the XRP's claims on decentralization. They declared problems with the consensus and differences in the technical aspect of decentralized projects known as Bitcoin and Ethereum to support their claims.
The hydrogen approach to Hydro is to have the current project incubated completely decentralized by the end of the year.
Through the Hydro Community Development Program (HCDP) and the onboarding of Decentralization Ambassadors (DAs), Hydrogen expects to fully emerge from the project, with future advances and consensus decisions managed by the DAs and the developer community.
The programs are designed to see Hydro grow well in the future because the dspps are built according to their current basic protocols, including a first store.
The protocol team is already in the "Snowflake" testnet, their identity management protocol with "Raindrop". The 2FA authentication function of theirs mobile app already available on iOS Appstore and Google Play.
"Tide" and "Ice", their payment protocols and signing documents, should be ready for release in the first quarter of 2019.
Contribution by Marcco Antoni 
Marcco is a fan of blockchain who has spent the last few years studying technology and seeing it evolve. He believes this space is even more exciting than the live music events he still covers. Apart from music and blockchain, he enjoys the rest of the time in the mountains or at the beach.
