User:NicolasMP/sandbox/HDAC

Hdac is a blockchain based platform backed by Hyundai BS&C. The platform allows Internet-of-Things (IoT) devices to quickly and effectively communicate, handling identity, authentication, data storage and micro-payments. Hdac Technology is developing a blockchain-based platform based on multichain capable of handling the scale and contract functionality required for an IoT platform, as well as bridges to Bitcoin and Ethereum to facilitate payments. IoT devices powered by Hdac will mean more actionable data to improve lives, businesses and governments. It differs from other IoT offerings by the convergence of the private blockchain and the public blockchain which creates a faster transaction speed.

The IoT contract platform based on blockchain not only exchanges but also restricts the usage of connected devices. It allows IoT devices to quickly and effectively communicate, handling identity, authentication, data storage and micro-payments. Hdac Technology has raised US$258 million in its initial coin offering (ICO).