How Blockchain-based Hdac Platform Plays a Key Role?
A factory or a smart home can have multiple devices, having their inbuilt sensors, interconnected through a private blockchain. These devices can be further configured for their safer and a more reliable operation according to their respective conditions. A configured private blockchain also executes device-device authentication in addition to the typical user authentication. The generated operation details and IoT contracts are then recorded securely.
Hdac platform will reliably interconnect private and public blockchains by creating an ecosystem that has transaction services running smoothly across the Hdac space and the customized private blockchains.
This is how Hdac securely enhances the functionality of private blockchains
he feasibility of the usage of private blockchains relies upon an already operating public blockchain. Hdac, in this context, being a reliable platform and a cryptocurrency, can be efficiently used with a lot of private blockchains.
In layman’s terms-
What this means is, the transactions can now be facilitated to be performed between the IoT devices in a private blockchain network by going beyond the scope of general P2P transactions happening in a public blockchain.
This possibility of the mutual transactions and contracts between IoT devices is achieved via Hdac*T transaction method that works on Hdac platform. The Hdac*T, therefore, leads to a reliable, accessible, and secure consumption and Machine-to-Machine transactions.
Let’s take an Example
A user who wants to have a controlled operation of a device well within a specified budget or capacity can set a value in the device that is mounted on his computer, smartphone, remote control or a smart TV. The designated value that is set in the mounted control device refers to the amount or capacity and is called ‘IoT contract value.’
This IoT contract value is then transmitted by the device to a measuring device in order to start the operation. The operation of this activated device keeps on going until a terminating signal is eventually transmitted to indicate the fruition of the process once it has reached the specified IoT contract value, which the measuring device indicates.
Consequently, the data is transmitted by this operating mounted device when the specified value is attained, or, when the user control device requests the current operating status so as to be confirmed by the user.
Right at this very moment, an authentication process kicks in that confirms the communications among the measuring device, the operating device, and the user control device.
In case the device is not authenticated, it can move on with an alternate authentication scheme that strips it of its ability to send an IoT contract or its monitoring.
The Bigger Role of Hdac*T
On the other hand, the authorized IoT contract goes on to perform the M2M transaction. Hdac*T can be specified in a private blockchain by a user for the activation of IoT device.
This Hdac*T, which is defined by the user, can be directed, by assigning it with the attributes, to make a transaction in an IoT contract for specific purposes only. This leads to the transparency in usage costs while providing the optimum security and thereby keeps the user from diverting to unwanted uses or devices.
For example- HdacT can be a method to control IoT devices for particular uses under specific conditions, as- cutting off the gas and electricity in case of a fire or an earthquake for the safe evacuation of residents.
WEBSITE : https://hdac.io/
WHITEPAPER : https://github.com/Hdactech/Hdac/wiki/Hdac-Technical-Whitepaper
TELEGRAM : https://t.me/Hdac_TGE
