Today I am going to discuss HDAC and its purpose Do you ever heard a word Hyundai Digital Asset Currency (HDAC) ? If you’re not familiar to this it is better to read this article to have more knowledge about this. Hyundai Digital Asset Currency or HDAC, it is strongly connected to the Hyundai group. In South Korea it is one of the biggest one’s so that it is very huge. You also need to know is 13,000 BTC are collected already in Eastern Asia we didn’t know about this HDAC project so apparently they all already raise approximately $10M. They are going to raise another 6,000 BTC in public sale approximately $45M. So they will already raise approximately $150M then you can then you can ask what makes this project so big that they can raise $150M easily.
The main purpose of Hdac aims to develop IOT or more specifically to connect the use of all electronic devices into blockchain technology. The platform intends to create smart contracts that allow all IOT devices to connect to each other with an internet connection and to the blockchain.
What does it means? Internet IOT we know this we know it probably from Iota that’s biggets IOT project right now in a cryptocurrency project. But IOT internet isn’t actually connecting really all the electronic device to the internet and now with HDAC they want to bring that IOT to the blockchain and connect it that way so that is very great idea. So, the core concept of the Hdac platform revolves around the Hdac token. These tokens will be used by IoT devices as micropayment methods that are secure and can not be accessed by third parties, giving users / users full control over the finances involved in all of their IoT devices / devices.
Get more information:
· Facebook : https://www.facebook.com/hdactech/
· Twitter : https://twitter.com/hdactech
· Whitepaper : https://github.com/Hdactech/Hdac/wiki/Hdac-Technical-Whitepaper