Blockchain Startup Hdac To Provide Enterprise Blockchain Solution As A Service

Announcements, Blockchain, News | March 14, 2019 By:

Blockchain startup Hdac Technology has announced its future business strategy and blockchain technology development roadmap.

Founded by Hyundai BS&C CEO Dae Sun Chung in October 2017, Hdac Technology is a tech company under blockchain project Hdac, a hybrid blockchain platform integrating public and private blockchains and is designed as enterprise architecture to process diverse needs in the industry. It aims to protect Internet of Things (IoT) devices and their users from hacks, privacy invasion, and external threats, especially for transactions.

During a press conference at Grand InterContinental Seoul Parnas, Hdac announced its plan to complete the development of Software Development Kit (SDK) and Application Programming Interface (API) in the first quarter to build an enterprise solution developing environment and the framework. Hdac will be using the DevOps approach to enable fast and easy development, establishment, test, and distribution of Hdac-based blockchain infrastructure.

According to Hdac CTO Moon-Ok Cho, the enterprise blockchain solution could be applied to various fields including construction, real estate, manufacturing, finance, and retail, adding that they aim to help companies establish and operate their own blockchain-based services with ease.

“We are currently reviewing cooperation with a world-renowned cloud service provider to provide top quality enterprise blockchain services and to acquire a competitive edge in the global market, Cho said. “We have completed two PoC(Proof-of-Concept) projects so far besides HERIOT, a blockchain-IoT converged smart home solution that we have already launched, and expect to win more than four actual projects during the first half of the year.”

The company’s FinTech business, driven under the initiative of HYUNDAI PAY, includes Prepaid Point Payment Service, which allows customers to purchase prepaid e-money called ‘H Point’(tentative) with ‘Hdac Coin’ and use it for transfer, electronic payment at online/offline franchise store, QR-code payment at a retail store, and utility bill payment on smart home service. The Hdac-Coin-based Prepaid Point Service is expected to commence within the year to lead commercializing cryptocurrency with large-scale investment. It is also planning to evolve ‘H Point’ into a stablecoin in the future.

Hdac also announced that its Real Estate P2P Service will be expanded into a total P2P Finance Service by broadening the spectrum of assets to cryptocurrency. In addition, its Bridge Node that connects Hdac MainNet and a DApp partner’s mainnet will be released by the end of March after internal integration test and verification.

“Hdac Technology will provide all types of blockchain-related services to better assist customers in the era of the 4th industrial revolution by integrating upcoming technologies like IoT, AI, big data, and FinTech.” said Hdac CEO Michael Yoon. “We are in dialogues with a globally renowned blockchain team to upgrade the current ePoW algorithm into a new blockchain protocol which suits for the new era.”