Hdac is Internet of Things Contract & Payment Platform based on Blockchain. ​







Backed by Hyundai BS&C, Hdac new technology allows fast, secure and effective communication between IoT devices. Hdac is an IoT (Internet of Things) contract platform based on the blockchain, which not only exchanges but also can restrict the usage according to the purpose as it is 'Smart Coin' which controls the connected devices.

IoT contract is a 'Machine to Machine' (M2M) service that controls all the devices. It is a concept expanded from the object of 'Smart Contract' to the 'IoT Device'.

The IoT industry is on the verge of exponential growth. The Hdac platform provides the missing building blocks needed to enable IoT environments to thrive:

Authentication - devices can be correctly identified by one other

- devices can be correctly identified by one other Mapping - once identified, they can connect seamlessly

- once identified, they can connect seamlessly Machine to Machine transaction - devices can then bill each other

In its architecture the Hdac system uses a combination of public and private blockchains, which allows for previously unattainable transaction speeds. The technology will use quantum random number generation to secure these transactions.

Hdac is based on and improved from MultiChain, which is a blockchain improved from Bitcoin. Hdac has specifically explored blockchains to efficiently support IoT environments and to provide various services quickly and effectively to private blockchains.

Hdac technology

Data capacity: It will be possible to use the blocks that already exist in a blockchain and the limited capacity of extra data.

ePoW algorithm: They aim to improve on the existing PoW algorithm to increase energy efficiency and provide equitable distribution.

Hdac is based on and improved from MultiChain, which is a blockchain improved from Bitcoin. Hdac has specifically explored blockchains to efficiently support IoT environments and to provide various services quickly and effectively to private blockchains.

Hdac plan to produce one block every 3 minutes which will have a blocksize of 8MB. The public blockchain will process 160 transactions per second, much improved on Bitcoin which processes just 7 and Ethereum 25.

Hdac platform Features

Customizable tokens can be created on the platform with any name chosen and distributed by the administrator. Businesses can also use this to create their own tokens.

The administator who built the first blockchain node can then grant authority to other nodes.

Supports payment services such as securing of escrow settlements.

86% of DAC can be earned through equitable 'ePoW' mining for the next 170 years.

Hyundai BS&C, Doublechain, HyundaiPay, and BLOKO have formed The Digital Transformation Community for the core technology/application development of Hdac as well as its activation.



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