Hyperion#s blockchain-based distributed mapping system aims to revolutionize how maps are made - and monetized

Information Technology Press Releases Monday August 20, 2018 11:35
SINGAPORE--20 Aug--PRNewswire/InfoQuest

Hyperion, an open blockchain-based mapping architecture, has ambitious plans to fundamentally transform how maps are made - and how the global market for maps and map technology operates. Hyperion's unique technology, which enables a completely decentralized, self-governing global map that users anywhere can contribute to, edit or utilize for their own needs, and share the economic value, promises a radical change in the process of how maps are made and managed.

At present, there are more than 2 million apps in circulation - but almost every single one is based on either Google Maps architecture or major Chinese map services including Gaode, Baidu and Tencent.
This creates a highly concentrated and controlled system for managing and accessing vital business data such as maps, and Hyperion sees its opportunity in disrupting this centralized system.

At present, the map industry has a high technical threshold and significant barrier to entry - the physical challenge of acquiring mapping data for every town, village, and building globally. However, building on the massive bank of data accumulated by Mapxus, the largest open indoor mapping platform in the world which was established by the founder of Hyperion in 2016, Hyperion has an immediate competitive advantage. By applying its collaborative map-making technology on top of this base layer of information, Hyperion is creating an immediate, viable, and open-source alternative to the expensive and highly controlled mapping systems offered by the traditional providers.

The Hyperion ecosystem addresses a number of key pain points in mapping development. First, the cost of developing and maintaining detailed, up-to-date maps using a top-down model is hugely expensive and inefficient, requiring mapping companies or governments to dispatch staff to gather information locally. Second, this model makes it difficult to ensure that maps are accurate or up-to-date, since resources will be allocated to maintaining different parts of the map at different times. Third, current mapping infrastructure is controlled by governments or private companies, creating barriers for other users to access or utilize these maps.

Hyperion addresses this using a three-stranded model which it calls the 'Hyperion Trinity'. The trinity consists of (1) mapping technology that allows anyone to partake in the development and maintenance of the maps, (2) an economic model to incentivize and rewards contributors to the development of the maps, and (3) robust community structures to empower a self-governing ecosystem.

To date, Hyperion's map data covers all outdoor space around the entire globe, as well as indoor maps for more than 2,000 buildings totaling over 100 billion square meters. These figures will grow exponentially with the development of the project. In the future, Hyperion will generate more than 1 million Dapps or Apps, making it the world's largest underlying public chain.

The technology is backed by a number of leading investors including Hayak, Dfund, Float Capital, Du Capital, Biaozhun Capital, and Collinstar Capital.
Isaac Zhang, the founder of Hyperion, said:

"By liberating maps from the traditional highly controlled model, we intend to fundamentally transform the global economy. We believe that map data should be open and accessible to all, and that by doing so we will unlock massive untapped value in the products and services we or other parties can build on this data."

Excellent Team with the Best Specialists in the Field

Hyperion's team consists of senior experts from blockchain based mapping systems, blockchain technology, growth hackers, and global marketing. Issac Zhang, the CEO of Hyperion, is the former co-founder of Mapxus -- the largest decentralized indoor mapping platform in the world. Eric Huang, the COO of Hyperion, built his career on implementing large-scale distributed computing - including co-founding Mobvista, the largest mobile marketing platform in Asia. Zou Guangxian, the CTO of Hyperion, was previously the head of the gaming division at Netease and the former co-founder of AIPAI, one of the largest gaming video sharing platforms in China. Kai Law, the CMO of Hyperion, holds a double Master's of Media and Business from Loughborough University in UK. He was also the co-founder of Liuxuebao, the largest study-abroad SAAS platform in China.

Media Contacts
Telegram: https://t.me/HyperionOfficialHYN
Media Contact: Biz@hyn.space

Latest Press Release

SiS joined forces with Interlink Telecom introducing cloud service business, aiming to become a leading cloud service provider within three years

Capitalizing on its strength in customization that allows organizations to fine-tune their own cloud systems and its unique business model that offers solutions and services through over 2,000 business partners, targeting enterprise markets SiS...

Master of Eternity สงครามข้ามจักรวาล อัพเดท Frame Arms Girl แล้วจ้า

ตัวละครจาก Frame Arms Girl บุก Master of Eternity แล้ววันนี้ เปิดศึกลุยเลย ทั้งบน iOS และ Android แฟนๆ Frame Arms Girl เฮลั่น Master of Eternity อัพเดท FA Girl แล้วจ้า เกมหุ่นยนต์วางแผนการรบ SRPG จาก Nexon Korea บริษัทในเครือ NEXON Co., Ltd. ("Nexon")...

Uniview Opens Manufacturing Base in China and Branch Office in South Korea

Uniview, the global pioneer and leader of IP video surveillance, is committing to providing high-quality and professional services to global customers. Uniview has a nearly 100% growth rate in overseas markets, covers over 145 regions and countries, and...

BLR Airport Launches Self-Bag-Drop

Just 45 seconds! This will be the time taken to complete your baggage check-in at the Kempegowda International Airport, Bengaluru. The Bangalore International Airport Limited - operator of the BLR Airport - has, once more, raised the bar for passenger...

Element AI Announces Strategic Partnerships with GIC, SGInnovate, and Singapore Management University

- Element AI expands its successful collaborative approach and existing ties to Singapore with new agreements to develop cutting edge products in the financial sector, enhance local talent, scale commercial Artificial Intelligence solutions, and embark...

Related Topics