Copy link
Increase text size
Decrease text size
Link copied

Hyundai-backed Hdac Technology to co-develop blockchain-based enterprise solutions with StrongBlock

Image Via Hdac Technology (Twitter)

Tue, 16 Jul 2019, 13:31 pm UTC

Hyundai-backed Hdac Technology has signed a Memorandum of Understanding (MOU) with StrongBlock, a Blockchain-as-a-Service (BaaS) platform, to cooperate on blockchain-based solutions.

Founded by Hyundai BS&C CEO Dae Sun Chung, Hdac Technology is a blockchain technology company headquartered in Zug, Switzerland. Its blockchain project ‘Hdac’ is a hybrid enterprise-grade blockchain platform integrating public and private blockchains. It can be applied to various fields including construction, real estate, manufacturing, finance, and retail.

Hdac has already completed two proof-of-concept blockchain projects, including a blockchain-IoT converged smart home solution that has already launched.

StrongBlock, on the other hand, was founded by four former technology executives from EOSIO-creator, Block.one – David Moss, Thomas Cox, Corey Lederer, and Brian Abramson. It aims to simplify creating custom enterprise-grade blockchains.

Under the MOU, the companies will collaborate on blockchain-based enterprise solutions as well as business and development for select B2B projects led by either party.

“We expect our partnership with StrongBlock will help us to widen the spectrum of our enterprise blockchain solution offering so that we can achieve our goal of providing a scalable and reliable BaaS (Blockchain-as-a-Service) solution to our partners and clients to establish and operate their own blockchain-based services,” Hdac Founder Dae Sun Chung said.

According to the press release, the collaboration marks the first in a series of steps over the next 3 years that will enable the expansion and adoption of enterprise-grade blockchains by Hdac and StrongBlock. The companies believe this partnership will prove the value and tremendous potential of blockchain technology to address diverse problems across multiple industries.

“StrongBlock is the clear leader in BaaS. Our partnership with Hdac will accelerate the development of their promised blockchain platform. Our team helped build EOSIO, we coordinated the launch of EOS Mainnet -- the fastest and most-used blockchain mainnet on the planet -- and we have a working Delegated Proof of Stake (DPoS) flagship product,” said David Moss, StrongBlock Founder and CEO.

Hdac has been engaging in blockchain-based global business since its establishment in October 2018. This includes collaboration with Israeli blockchain startup Orbs, Canadian fintech firm TODAQ, the first blockchain project of India Eleven01, and more recently CasperLabs.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (btc) $59,540.00 (-1.77%)
  • Ethereum (eth) $2,128.48 (-1.55%)
  • Binance Coin (bnb) $469.11 (-1.65%)
  • XRP (xrp) $1.40 (+20.16%)
  • Tether (usdt) $0.999933 (+0.09%)
  • Bitcoin (btc) $59,540.00 (-1.77%)
Apr 10, 2021 (Saturday)
05:05
BTC Drops by 1.01% Within 5 Mins, Marking 60,780.09 USDT
04:20
BTC Surges by 1.02% Within 5 Mins, Marking 60,417.4 USDT
Apr 9, 2021 (Friday)
10:38
OKEx Lists GAL And TRA For Spot Trading
10:32
F2Pool To Stop Mining Services For ZEL
10:29
BTC Trading Above 58500 USDT
10:05
The9 Ltd., a Shanghai-based online game operator, signed a legally binding MoU on the purchase of Bitcoin mining machines.
10:00
BNB Tops List Of Crypto Net Inflow With $32.06 Mln In Past 18 Hours
09:55
Binance Has Completed Pundi X (NPXS) Token Migration & Redenomination Plan
09:42
Prepare For 'Uncertain Future Of Money' – US Intelligence Center
09:36
Huobi Futures To Add Trading Pairs For Cross Margin Mode Of USDT-Margined Swaps
08:16
Geth Releases v1.10.2
07:47
WWE Joins NFT Bandwagon, Announces Undertaker NFT
07:16
BuyUcoin Pilots Roxe Payment Node In India
06:51
NFT Tracking Metaverse Index (MVI) Launched By Index Coop
06:49
Canada's Leading Mortgage Brokerage Now Accepts Bitcoin, Ethereum, XRP, And Bitcoin Cash
06:32
Ethereum Hashrate Breaks 9.5 T/s
06:29
ENFTEE Opens Premium NFT Market S
06:28
Signal Under Fire Over MobileCoin Partnership
06:27
GBTC Holder Says Not Enough Being Done To Eliminate Discount On Shares — Proposes An Alternative Solution
06:25
Ripple’s Partnership With Novatti Goes Live
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft