Nov 30, 2017

HDAC, IoT Contract Platform Based on The Blockchain

Internet of Things (IoT)

The internet of things (IoT) is a computing concept that describes the idea of everyday physical objects being connected to the internet and being able to identify themselves to other devices. The term is closely identified with RFID as the method of communication, although it also may include other sensor technologies, wireless technologies or QR codes. The IoT is significant because an object that can represent itself digitally becomes something greater than the object by itself. No longer does the object relate just to its user, but is now connected to surrounding objects and database data. When many objects act in unison, they are known as having "ambient intelligence."

What is HDAC?

HDAC is an IoT contract platform based on its own blockchain that’s more IoT friendly. It runs separately from the Ethereum and Bitcoin protocols and is based on hybrid blockchain technology that offers a wider range of capabilities to ensure reliable connection and secured processing between devices. HDAC stands for Hyundai Digital Asset Currency.

IoT devices powered by HDAC will mean more actionable data to improve lives, businesses, and governments. A good explanation of usage is on the video below.

Hyundai BS&C is currently building an apartment complex called Heriot that will use HDAC. The blockchain and technology is created through the cooperation of Hyundai BS&C, DEXKO, Doublechain, and Hyundai-Pay.

Interesting ICO?

This project is not another Ethereum token but a stand-alone blockchain. They have a huge company behind it and actually they raised over 13,000 BTC already in pre-sale in China. Internet of Things is already a huge niche that sooner or later will change our lifes. The Internet of things is the network of physical devices, vehicles, home appliances, and other items embedded with electronics, software, sensors, actuators, and network connectivity which enable these objects to connect and exchange data. HDAC partnered with Hancom Group (the Microsoft of Korea), MODA group, KRP transactions, Worldwide Medical and Oasis Lending Service from Korea. The future looks exciting for this project.

ICO and Token Allocation

Blockchain based IoT platform backed by Hyundai
0.1 BTC = 1,800 HDAC
ICO runs November 27, 2017 - December 22, 2017
840,000,000 total available / 12,000,000,000 total supply
13,000 BTC raised in pre-ICO

Useful Links

Bitcointalk ThreadWebsiteYoutube ┃ TwitterFacebookReddit ┃ WhitepaperTelegramLinkedin.

Posted by: TedMosby - Bitcointalk.
BTC: 1HxTwdh99SCaJiLFmpdosDCngyYgZRp3HG
ETH: 0x500763a327f43927e5d8184807729f2cbB9c569C