Hdac - The World's First Blockchain Based on IoT Contract and Payment Platform

Introduction : -

HDAC is a unique transaction innovation which fills the unfilled gaps, by developing the missing blocks it enables the IoT environments to enhance. The IoT industry is facing three issues mainly. First one is authentication where devices can be identified correctly by one another.

The second one is mapping once the devices are identified to each other they can connect easily forever. And the last one is the machine to machine payment where the devices can bill each other. These are the three major issues which are faced by the IoT industry, HDAC designed this platform with a combination of the blockchain, IoT and Fintech which enables the machine-to-machine, at very low cost, micropayments between the IoT devices which are authenticated.

HDAC team designed this project in such a way that it uses the combination of public and private blockchains simultaneously to attain the high transaction speeds. HDAC project’s unique technology will secure these transactions by giving them a quantum random number for each and every transaction.

Blockchain and IoT : -

Nowadays people are building smart homes and smart companies where each and every device is connected with sensors which are closely interconnected with each other through a private blockchain. This type of closely interconnected devices can be composed to operate more safely depending upon each device conditions.

By installing the private blockchain it performs both user authentication and mutual authentication between the devices produces secured recording operation details and scenario-based IOC contracts. At this point of view, HDAC is creating a reliable environment where micropayment services can be done between the general HDAC space and the private space, by configuring the public blockchains and private blockchains so that they both will be interconnected.

HDAC designed this unique crypto-currency exchange platform which enables the public blockchain that can effectively use with multiple private blockchains. It is a unique blockchain where micropayments are possible beyond the peer-to-peer transactions of the public blockchain. HDAC blockchain is a controlled private blockchain where they use machine currency for mutual contracts and payments between the IOT devices.

Main Features of HDAC Platform : -

->HDAC tokens can be created and used without any limitations.

->HDAC tokens can be exchanged with other existing coins at an appropriate ratio.

->HDAC provides convenient installation and configuration functions so that the blockchain can be easily installed by
the user.

->Enhanced multi-user signatures are offered to support secured services.

->HDAC provides all the features of a typical blockchain.

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@yuvadeep