HDAC: Transaction Innovation — IoT Contract &
M2M Transaction Platform based on Blockchain
Need of the Hdac blockchain platform:
In the existing crypto ecosystem, there is a number of the platform that attempts to combine the (IoT) Internet of Things with the blockchain system but fail to develop the network between them. The IoT or the Internet of Things connects the devices that the individuals utilizing on the daily basis like the appliances, the smart homes, the smart cars, the wearable devices, or essentially any other smart device that individual uses. The industry experts forecast that by 2025 there will be greater than 30 billion IoT devices that are interconnected with blockchain in the world. The Innovative developers of the blockchain network are not trying to connect the Internet of Things with the blockchain that will be considered the future of the internet itself and will need by all the individuals.
Through bringing the IoT devices onto the ecosystem of the blockchain the possibility to create the machine economy in which the interconnected IoT devices communicate with each other and transfer the payments to each other for the products and the services will be done without the intervention of the human and make the operation fast and secure. So the need of the IoT with the blockchain is very important for helping the individual in the future by taking this point into consideration the Hdac will design its platform. The Hdac is the new blockchain-based payment system that is designed and developed to facilitate the fast and the secure payments in order to help the users. The Hdac platform will also enable the communication between the IoT devices. The Hdac platform is backed by the Hyundai BS&C that will permit and allow the investors in order to participate in the development of Hdac platform that will help the user to enhance their security of the trading and also enhance their revenue.
What is Hdac platform?
Hdac is the world’s 1st IoT contract and the payment platform that is based on the blockchain. The Hdac will solve the following three issues that are related to the authentication, mapping, and machine to machine transaction through combining the blockchain and the IoT and allowing the automated, machine-to-machine, and ultra-low cost transactions benefit to the user through the authenticated, mapped and the verified platform.
The Hdac platform will eventually ensure the security and the efficiency of the exponential growth of the internet of thing industry. The Hdac private blockchain will be applied to the numerous service fields like in the finance, IoT, logistics, distribution, and the public data management that is based on the fast transaction that handle the speed and the transaction scalability in order to help the user to enhance their revenues.
Benefits of the Hdac platform:
Through utilizing the blockchain technology the Hdac platform will allow the device producers to embed the high speed, transparent and secure payment resolution into any of the connected device, allowing anything from the refrigerator to the TV in order to initiate the payments. Through just touching the button the consumers will become able to pay for the food or the electricity without separation from their connected devices.
Hdac platform token allocation:
The total issuance volume of the Hdac token will be 12 billion and are allocated in the following manner:
17% of the Hdac token will be kept for the capital reserve
27% of the Hdac will be distributed among the TGE participants/Hdac presale.
The remaining 56% of the Hdac token can be earned by the equitable mining.
The first block of the Hdac platform will get the reward of 5,000 Hdac.
The Hdac token sale detail:
The token sale of the Hdac will start from 27 Nov, 2017 and will end on the 22 Dec, 2017. The ticker of the Hdac is donated as the DAC. The price of each Hdac token price 1 DAC is equal to the 0.52 USD or 0.00006 BTC. The fundraising goal of the Hdac in the token sale is 56,100,000 USD or 6,000 BTC value token. The Hdac plan to sale the token amounting to 100,000,000 USD on the pre-sale with a bonus up to the 1000% out of total the 7% token are available for the sale.
Website: https://hdac.io/
whitepaper: https://github.com/Hdactech/Hdac/wiki/Hdac-Technical-Whitepaper
Author: https://bitcointalk.org/index.php?action=profile;u=1092883