Blockchain And IoT Startup Hdac Partners With Real Estate Platform DREAMChainbr>
Blockchain startup Hdac Technology AG and Dream Global Partners have joined forces to expand and incorporate blockchain-based real estate enterprises worldwide.
Backed by Hyundai BS&C, Hdac is a new cryptocurrency based on blockchain and Internet of Things (IoT). Hdac’s technology, which was developed by Korean company Double Chain, aims to protect IoT devices and their users from hacks, privacy invasion, and external threats, especially for transactions. Its hybrid blockchain technology is designed to offer a wide range of capabilities to ensure reliable connection and secured processing between devices.
Dream Global Partners operates under its global trademark “DREAMChain,” a blockchain-based real estate platform. The company’s mission is to establish DREAMChain as a globally recognized branded gateway to a highly decentralized ecosystem in which user communities are directly guided to DREAMChain Alliance Partners (DApps) operating within the DREAMChain mainnet platform.
Under the agreement, the companies will work together on the development and diversification of real estate blockchain based enterprises on the Hdac platform, build a worldwide network of blockchain based co-working “Innovation Centers,” and establish blockchain technology based Smart City initiatives globally. Through the partnership, Hdac is also planning to spur expansion and commercialization of Hdac platform by the establishment and expansion of a global ecosystem.
Michael Yoon, Hdac Technology Korea CEO, said that he believes that the collaboration will be the first case to present Hdac’s technical potential to the market.
“As of this point, Hdac will put all the efforts to commercialize our platform and as well as expand our ecosystem through incubation of DApp (Distributed Application) partners and through the business diversification,” Yoon said.
DREAMChain President Pietro A. Doran said that the partnership will allow them to draw upon Hdac’s exceptional blockchain technology expertise and its vast network industry resources to emerge as a paradigm-shifting global decentralized real estate movement to challenge the industry status quo.