Hdac Technology Sets Enterprise Solution Combining Blockchain, Internet of Thingsbr>
Hdac Technology, founded by Chung Dae-sun, the CEO of Hyundai BS&C, has announced the launch of the world’s first enterprise solution combining blockchain and the Internet of Things (IoT).
“There are companies who claim they have successfully combined the IoT and blockchain, but most of them are at the development or proof-of-concept stages,” said John Sang-ug Bae, COO of Hdac Technology. “We have finished developing the blueprint and key technologies of our BaaS(blockchain-as-a-service) platform for enterprises, which marries the strengths of the IoT and blockchain, based on our public-private hybrid blockchain platform ‘Hdac.’ We are now accelerating the development of ready-to-deploy business and industry applications.”
Current IoT services have distinct platforms and architectures, making it difficult to control heterogeneous devices or build them into a blockchain network. There are few companies or nationwide standards with an integrated or universal architecture or transaction structure that enables communication between heterogeneous IoT platforms.
This compatibility issue has served as a big obstacle to commercializing the IoT and implementing a blockchain convergence model. To address this challenge, Hdac has adopted the concept of an abstract blockchain layer and developed the H-UMBA(Hdac Universal Multitenancy Blockchain Adapter).
A key technology for Hdac’s BaaS solution, H-UMBA is the world’s first IoT platform architechture designed to manage and broadcast control information between heterogeneous IoT devices to their desired blockchain transactions. Hdac plans to offer an adapter package that supports multiple IoT platforms and blockchains in order to allow for timely development and universal usage, and to lead the commercialization and propagation of blockchain-based IoT services. The company has already filed a patent application for H-UMBA in Korea and is in the process of doing the same in key countries including the USA, the UK, and Germany.
“Hdac BaaS will enable companies with either blockchain or IoT capabilities only to easily implement services which combine both technologies,” said Bae. “Service is key if blockchain, a technology with the potential to lead the Fourth Industrial Revolution, is to take firm root in our day-to-day lives. We will continue to facilitate the growth of blockchain and IoT technology communities through our open source and open-API policies.”
Bae also explained Hdac’s ASM(Advanced Security Module), which was unveiled at the Connected World Summit 2018 held in London. ASM is a hardware module designed to secure the seed node that are generated first on a private blockchain. It provides more robust levels of security by adopting the Quantum Random Number Generator(QRNG). This allows enterprises to build more reliable services. Hdac has filed a patent application on its ASM as well.