Hundred Medicine Cash is a Blockchain based Cryptocurrency that can be used to purchase all products (3,000 kinds) produced and sold in Love and Peace Co., Ltd., at On-line shopping malls and Off-line stores.Customers are also possible to exchange various points, rewards, game money, shopping money and reserve funds in other On-line and Off-line shopping malls at a constant rate.
- 1) Hundred Medicine Cash exchange and publication services of virtual assets
- 2) Create and update Hundred Medicine Cash Electronic Wallet
- 3) Hundred Medicine Cash operation, advertisement service provision
- 4) Hundred Medicine Cash On-Off line approval, P2P transmission acknowledgment, Blockchain and Decentralized storage
- 5) Transaction approval is "Private Blockchain" distributed storage
- 6) Foreign transaction and exchange approval is distributed to "Public Blockchain"
- 7) Support API for fast transaction approval and various transaction approval
Open Market Payment Method
Currently, several companies offer point coupons for customer marketing. Typical companies are credit card companies, Telecommunication companies, and Airlines companies etc. Utilization of the points provided by these companies may be efficient or useless depending on the customer's situation. The points provided companies with Hundred Medicine Cash alliance partnering points can be exchanged for a fixed rate Hundred Medicine Cash, and users can also purchase the products they need at the shopping mall using the switched Hundred Medicine Cash.
Most businesses value privacy, data security, and the protection of intellectual property in business processes to ensure business growth and expansion. That is why they do not want their unique business information to be known to anyone but authorized users. This is why most companies that want to achieve business efficiencies using Blockchain technology adopt a private Blockchain architecture and a hybrid architecture rather than a public Blockchain solution. Ethereum is the most widely used platform among the currently available Blockchain platforms. Because of its powerful smart contracting capabilities and flexibility, it is widely used in many industries, continues to evolve through ongoing updates, and is well-known for its large-scale digital support community.
Ethereum is a POW (Proof of Work) based platform. Despite of the fact that it has the most use cases in the field of Blockchain services, Ethereum has a relatively slow transaction rate and requires more processing costs. To compensate for these shortcomings, the Ethereum community is working to increase the speed by changing the Consensus Algorithm to Proof of Stake. Hundred Medicine Cash will adopt Hashgraph technology as a core suitable for large-scale transaction processing such as shopping malls in the near future. Hashgraph will verify each node and block through Consensus algorithm. And Hashgraph is an algorithm that operates in such a way that one node conveys a gossip to another unspecified node rather than a linked list method to overcome the limitations of existing block chains. It is known to be able to process transactions at speeds of hundreds of thousands or more per second while maintaining the anti-tampering function and decentralized decision structure, which are advantages of existing Blockchain.
Differences between existing Blockchain and Hashgraph
Blockchain is the same as the tree branches while constantly growing. On the other hand, the Hashgraph merges back into the body instead of pruning for new growth. Any member of both the Blockchain and the Hashgraph can create a deal, which will eventually be put in a block and spread throughout the community. In the case of Blockchain, these blocks are intended to form one long chain. If two Miners make block at the same time, they will eventually choose one block and discard another block. It's the same as if the trees grow that cut everything except the branches.
In a Hashgraph, all blocks are used, no blocks are discarded, and all branches continue to exist forever, eventually merging into one again. This will be more efficient.
In addition, Blockchain fail when new blocks arrive too quickly than expected. Blockchain require PoW (Proof of Work) or some other mechanism to artificially slow down growth, but nothing is discarded in the Hashgraph. There is no harm in the fast-growing structure, and every member can create deals and blocks whenever they want. So it's very simple, very fast. Finally, since the hash graph does not require pruning, it is based on powerful mathematically guaranteed algorithms such as Byzantine consensus and fairness. On the other hand, Blockchain does not have the fairness of a Byzantine consenses. In other words, the Hashgraph algorithms are based on fairness, fast speed, compliance with Byzantine security, compliance with ACID (Atomicity, Consistency, Isolation and Durability), efficiency, low price, time stamp and DDoS (Distributed Denial of Service) attack resistance.
HMCASH ECO System
There are Consensus algorithm and Hashgraph processing module in Core Engine part of Hundred Medicine Cash ECO Platform and Application Proxy, Http Proxy and P2p Proxy exist for external interface. And there is an EVM (Ethereum Virtual Machine) module for interworking with the current most used Ethereum. And Hundred Medicine Cash ECO Platform has a Rest API in the form of https, which can be used with the shopping mall and 3rd party vendors.
HMCASH shopping mall
CEO & Founder - jeom-sik Chae
Armed force Medical school
Dong-Seo natural health academy
Books - 'Miraculous Tourmaline
'If you know salt and water,
you will see health 125 years old.'
CEO & Founder - Seung-hyeon Chae
Representative Director, Korea General
Trade Development Co., Ltd.
Director of National Economic History Council
Administrator Director - Hyosun Chae
SM Pharmaceutical Director
CEO of Love and Peace Co., Ltd
Design Director - Hyeo-deog Yang
Hongik Univ Design
CEO of Blue Group
CEO of HYD
COO - Steve JH Park
IT Ph.D., MokWon University.
KT Research Institute.
SamSung Electronics Research Institute.
Managing Director - Gil-Hong Lee
CEO, VNC Corporation
Dankook University Information
CTO - Jung-gweon Lim
Master of Computer Science, KPNU
CEO of Nautes Technology
Adjunct professor at Kyungpook
ADVISIOR - Young-Soo Choi
Hanyang University Electronics
KT Research Institute / EM Telecom
U-CITY Professional Qualifications
ADVISIOR - Ho-geon Moon
Ph.D., Pusan National University
KT Research Institute
KISA Standards Research Society Research Fellow.
KISA Mobile Biometrics Standardization
ADVISIOR - In-bum kim
Graduated from Hallym University
Japan ADMEX Advertisement
Company: Japan China
Samsung SDS: China branch office
ADVISIOR - Myung-Soo Choi
Ph.D., Computer Science McGill University
CTO SSEN Corporation,
Samsung Electronics Research Institute
KT Research Institute
ADVISIOR - Brian BG Kim
Master of Engineering, San Jose State University
CEO SSEN, PCO (IBM & Corning JV), GTE
Vice Chairman of former Democratic Party's
North Korea Cooperation Committee