• Sun, 25 Aug 2019, 10:31 PM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

Hyundai-backed Hdac Technology teams up with TODAQ on blockchain research and development

Image Via Hdac Technology (Twitter)

Wed, 29 May 2019, 05:07 am UTC

Hdac Technology, a Hyundai-backed blockchain technology company, has inked a business agreement with fintech firm TODAQ for strategic business cooperation.

With offices in Seoul and Toronto, TODAQ aims to provide decentralised supply chain and customer solutions to global corporations, banks and governments. Its platform is built on the TODA Protocol, a decentralized, distributed, layer zero, ledger-less blockchain capable of handling millions of on-chain transactions per second at less than 0.1% cost.

The companies aim to leverage their respective markets and partners to mutual benefit. Under the agreement, they will collaborate on the development of innovative decentralised technology. With a particular focus on blockchain, they will actively pursue joint projects and research and development based on their respective technological capabilities.

"We expect this agreement Hdac will bring both companies greater competitiveness in the development of decentralised business solutions and global expansion." said Hassan Khan, TODAQ CEO and Co-founder.

Hdac will leverage the TODA Protocol to strengthen its existing blockchain technology. The companies will also join forces to build real economy usage cases for digital assets, including the HDAC token and the soon to be released TDN ('TODA Note').

"Based on our innovative technology, we will continue to carry out various projects for the development of blockchain technology with TODAQ. We will continue to strengthen cooperation with leading domestic and foreign innovation companies to provide more value to our customers." said BuYoung Yun, Hdac CEO.

TODAQ is currently gearing up to launch retail, energy, education and pharmaceutical commercial projects across Asia, the Middle East and Europe.

Hdac, on the other hand, signed a Memorandum of Understanding (MOU) with Hyundai BS&C and GC Green Cross Healthcare in March for cooperation in the blockchain-based healthcare business. It has also entered into a partnership with India's first blockchain project "Eleven01" in April to develop blockchain technology.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $10,043.70 (-0.54%)
  • Ethereum (ETH) $186.30 (-1.89%)
  • XRP (XRP) $0.269600 (-0.65%)
  • Bitcoin Cash (BCH) $303.94 (-0.72%)
  • Litecoin (LTC) $71.93 (-1.84%)
  • Bitcoin (BTC) $10,043.70 (-0.54%)
Aug 23, 2019 (Friday)
11:35
Stablecoin project Terra receives funding from HashKey Capital
10:49
Three of the founding members of Libra Association consider backing out: Report
08:55
Overstock's Patrick Byrne steps down as CEO
08:52
Pundi X brings XPOS crypto payments to Venezuela's Traki retail stores
07:22
Blockchain startup Blockstack scores strategic investment from Japan's Recruit Holdings
07:19
BitGo announces support for multi-signature EOS wallet and custody services
06:39
US Treasury blacklists crypto addresses of suspected Chinese fentanyl traffickers
06:14
Chainalysis launches ‘Chainalysis KYT Alerts’ to detect suspicious cryptocurrency activity in real-time
05:13
Cryptocurrencies used to buy fentanyl, other illicit drugs: White House
05:04
Blockchain energy startup Power Ledger extends energy trading trial in Fremantle
03:53
Blockchain accelerator initiatives launched at the University of California campuses
Aug 22, 2019 (Thursday)
13:05
Crypto exchange Coincheck mulls launching IEO Platform
12:46
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:53
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
11:42
Sierra Leone launches blockchain-based National Digital Identity Platform
10:43
Blockchain startup Blocko secures $7.4M in Series B+ round from major South Korean financial institutions
09:52
Crypto Technicals: Ethereum Classic ignores crypto space weakness, extends gains to break above 200-DMA
09:16
Former Zaif exchange owner Tech Bureau to discontinue crypto business after completing customer refunds
08:32
Crypto Technicals: XLM/USD bearish trend intact, hits multi-month lows at 0.06542
07:33
Russian firm ICORating settles $270K fine with SEC for concealing ICO touting payments
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft