How HDAC will Reach a Long Term Success

Hyundai is one of the first major companies to hold a token sale. The firm said it will use the Hdac blockchain to address major security issues associated with IoT devices, and apply the technology to hardware payments applications.

Hyundai Pay, the Internet-of-Things (IoT) arm of Hyundai, will be holding a joint ICO with Hdac Technology to issue HDAC tokens. Hdac Technology, a company founded earlier this year by Dae-Sun Chung, the grandson of Hyundai Group founder Ju-Yung Chung, is the creator of the Hdac blockchain, an IoT contract and payment platform.

As IoT devices hit the market continuously, the HDAC will continue to grow. Its profits will be get better. There companies will continue to boom. As long as the consumers will use IoT devices the HDAC will continue to have a share on market.

So let’s discuss what HDAC do to IoT devices.

Hdac has a new PoW mining algorithm (ePoW) that reduces mining monopolization and 3-minute blocks, amongst other differentiating features. It also introduces the concept of IoT contract, which allows a HDAC token to be repurposed for a specific function. For instance, a HDAC token can be turned to function as the unique key to start a smart car, or a smart home device.

This is the process that the HDAC do with the IoT devices.

According to a report by Research and Markets, the IoT market is expected to grow from US$170.57 billion in 2017 to US$561.04 billion by 2022. The rapid adoption of IoT and smart devices have raised the issue of cybersecurity.

This is the projected income of HDAC for five years. The company can gain a billions. And if they continue to innovate they product, they can surely gain more at the near future.