The Hdac ICO is due to start on the 27th of November. After a huge pre sale which raised 13,000 Bitcoin this token sale has gone under the radar to most countries in the west, with the majority of investment coming from Asia so far.

What is Hdac?

https://hdac.io
The new platform is aiming to serve as a payment method for the 'Internet of Things' environment.
Cryptocurrency and the blockchain is creating a new trusted environment, this can allow consumers in the future to only pay for what they've actually consumed, as an example electricity and water can be paid for depending on the exact amount you've used.
The blockchain will allow this figure to be fully verifiable to all parties, without the need to trust any centralized companies.
The new Hdac*T token will be the currency used on the platform with the new platform aiming to dominate the new micro payments being made in the Internet of Things environment.
Hdac also aims to become a crypto based Fintech platform by increasing security for users to communicate and issuing hardware wallets for payment to enable transactions through machine to machine and IoT devices.
They also plan to be able to process 1000 transactions per second in the future which will allow for many users to transact on the network without the issues that Bitcoin has recently been facing.

Blockchain and the Internet of Things

The machine to machine market is estimated to grow from $4.5 billion in 2014 to a huge 29 billion by just 2024.
One of the main issues still however is how to increase trust and improve security whilst still keeping the convenience of the internet.
By combining the blockchain with IoT it offers users a much more trustful environment. By using the blockchain it also makes it far harder for hackers due to the decentralization that makes it hard for them to determine the target.

Hdac technology

The new platform has all of the features you'd expect with a blockchain based project. Some of the limits of the current cryptocurrencies such as Bitcoin have recently been seen with slow transaction times and high fees.
The new project aims to offer a more efficient, secure and high speed solution.
They aim to achieve this by implementing the following solutions:

• Data capacity: It will be possible to use the blocks that already exist in a blockchain and the limited capacity of extra data.
• ePoW algorithm: They aim to improve on the existing PoW algorithm to increase energy efficiency and provide equitable distribution. This will also mean that only certain users can participate as a full node.
• Blockchain: The new project will improve on the Multichain blockchain due to it being able to implement private blockchains and being based on Bitcoin.
• They plan to produce one block every 3 minutes which will have a blocksize of 8MB. The public blockchain will process 160 transactions per second, much improved on Bitcoin which processes just 7 and Ethereum just 25.

Hdac platform Features

• Customizable tokens can be created on the platform with any name chosen and distributed by the administrator. Businesses can also use this to create their own tokens.
• The administator who built the first blockchain node can then grant authority to other nodes.
• Supports payment services such as securing of escrow settlements.

Roadmap

ICO Details

• Minimum contribution: 0.1 Bitcoin
• Price: 1 Bitcoin= 18,000 HDAC
• Dates: 27th November- 22nd December.

Conclusion

The IoT market is expected to grow quickly over the next few years, this is one of the industries that seems to be perfect to be combined with the advantages that blockchain has to offer.
It's expected by many that a highly connected society with the advantages that blockchain has to offer will be the fourth industrial revolution.
The founders of the project hope to make
This project seems to be a big competitor to IOTA but I expect the market will be big enough for both of them to flourish with both of them positioning themselves to capitalize on the market. This project however offers a much cheaper industry than purchasing tokens in IOTA.
Cryptocurrency has recently seen many people investing who are just interested in the short term gains, the success of cryptocurrency as a whole will depend on projects such as this that are proposing innovation.

The team behind the project looks very solid and with the huge amount of capital they've already raised they should be able to quickly develop their platform and meet their roadmap goals.
I'm surprised there's so little information available online about this project but with their pre sale raising a huge amount of Bitcoin the token sale looks set to sell out well before the scheduled end date.

Website: https://hdac.io
ANN Thread: https://bitcointalk.org/index.php?topic=2402330.0