IoT will further automate processes and increase efficiency, which will affect many businesses. With embedded technology that can communicate conditions immediately, there can be great reductions in waste of perishable goods, materials lost to manufacturing issues, time lost to unexpected machine or system breakdowns, and energy consumption, resulting in cost savings.

IoT can boost productivity growth by increasing the efficiency of traditional business operations such as manufacturing, transportation, and retail. All smart cities, buildings and homes enabled by the Internet of Things can also go a long way toward cutting waste, pollutants and greenhouse emissions, making our modern lives more sustainable over the long run.

With the help of IoT, industries can save kilowatt hours by using a smart metre which will empower them to better manage their energy usage and give them control to use energy when they need it.

IoT technology will help utilities to safely and quickly restore power during outages, resulting in economic savings in the tens of billions of dollars for consumers and society from avoided lost productivity.

But to achieve greater results, IoT needs to be implemented in a secure and reliable environment. It is not wise to trust billions of dollars worth of IoT economy in a vulnerable environment.

The Hdac platform provides the missing building blocks needed to enable IoT environments to thrive:

1. Authentication — devices can be correctly identified by one other
2. Mapping — once identified, they can connect seamlessly
3. Machine to Machine transaction — devices can then bill each other

Hdac will solve these three issues by combining blockchain and IoT, allowing automated, machine-to-machine, ultra-low cost transactions between IoT devices that are authenticated, mapped and verified through the blockchain.

To improve reliability, the blockchain doesn’t use a centralized server, so an outage in one place doesn’t impact performance in another place. Blockchain technology offers lots of benefits for IoT:

• New transactions originate with one user but propagate to a network of identical ledgers, without a central controller.
• All transactions and records are permanent, unable to be tampered with or removed.
• Many blockchains are programmable, allowing for automation of new transactions and controls via “IoT contracts”.

New technology will be enabled by an appropriate combination of blockchain (which has its value as a M2M transaction) and the IoT. The market and consumers will demand more reliable and more affordable various types of transactions. Hdac Private Blockchain [HdacT], a blockchain based smart transaction method on the Hdac platform, is designed to perform a given task under the various commanding conditions in the IoT environment. Hdac provides these M2M transaction functions and a simple transaction service environment, and with the rationality and efficiency that the Hdac platform pursues, it will be the platform of choice for use and control with IoT devices.

The collision between the IoT and blockchain worlds portends some important payments industry developments around the efficient tracking of device payment history, all supported by a ledger of secure data exchanges among devices, web systems and users.

Hdac will evolve into a hybrid blockchain platform by providing a hardware wallet for user security and transaction convenience in service of the aforementioned communication and transactions between IoT devices.

IoT and Blockchain technology will emerge as the backbone of the world’s economy.

Learn about Hdac and their token sale at:
Website: https://hdac.io | Telegram: https://t.me/Hdac_TGE