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HDAC PROJECT REVIEW


An Introduction to Hdac Platform


The current model of the transaction which is used for billing, settlements or deposits is highly centralized. With the IoT (Internet of Things) carrying a potential to gain massive growth in the near future, Blockchains and Cryptocurrencies will efficiently fill the gap of Peer-to-peer (P2P) transactions along with the Machine-to-Machine (M2M) transactions; the two transactional structures required for the seamless working of IoT devices. These transactional instruments with their low cost and high-efficiency structures will provide a secure and reliable transaction structure.

Hdac platform will provide authenticated (identified), verified and mapped (connected with the correct device) automated M2M transactions by integrating with blockchain and IoT. Hdac, therefore, checks all the boxes crucial for the smooth functioning of an IoT environment. 
Furthermore, this system will create possibilities of quick micropayments that will include low risk or transactional cost. This will bring transparency in private and public economic activities and will also confer more control over the purchases of needed quantities of goods such as internet, TV, water, electricity and the cable. 
HdacT is an M2M transaction method that is based on blockchain and works on the Hdac platform, which will prove to be a preferred platform for IoT devices. Hdac can further transform into a hybrid platform featuring a hardware wallet to increase the security and convenience of the transactions of the users for M2M communications and the transactions between IoT devices.


How is the IoT Blockchain network configured?
Unlike public blockchain that can access network, IoT blockchain is a private blockchain that is permissioned, authenticated and subsequently registered to work on the blockchain network. 
The IoT blockchain network comprises of the following components.
Blockchain node: 
It collects and stores the setting info of device-device, user-device control, and the management implemented by the administrator. It Keeps transactions records as a full node.
Administrator: 
A person who adds and registers users, devices, and gateways to the blockchain and decides on the access rights between them. The settings of users and devices are stored in a full node of blockchain and can further be integrated with the IoT operating environment.
User: 
A device/person with its program running as the simple node.
Gateway:
It is a unit that controls dummy sensors or devices, which have their individual addresses, by analyzing IoT contract.
Device:
It is a simple node or a gateway-connected device that doesn’t store blocks.
Features of Hdac Platform


With the easy to install & configure functions of Hdac private blockchain, the configuration of blockchain gets very convenient as per the needs of the user. 
The multi-user signature feature assists in the secure P2P transactions along with providing the communication between two users via encrypted channels.
Hdac platform has all the features that a typical blockchain accommodates. With Hdac having modified and supplemented functions with respect to speed, functionality, security, and capacity, it significantly differs from other blockchain-based platforms. 
The enhanced security of Hdac platform attributed to its random number generation to create identifying keys effectively rules out the possibility of hacking.
Hdac blockchain processes about 160-1000 transactions per second in contrast to the 7 and 25 transactions per second of Bitcoin and Ethereum blockchain, respectively.

How is Hdac ecosystem going to evolve?

To develop Hdac ecosystem as a stable next-gen industrial platform, its two teams; the Hdac Technology AG and HDAC Technology AG will work together for the development of a synergy ecosystem and technological progress.
The Hdac Technology AG will focus on the marketing, whereas, HDAC Technology AG will be implementing the Hdac platform

Buy some tokens from : https://hdac.io/
Read the Whitepaper : https://github.com/Hdactech/Hdac/wiki/Hdac-Technical-Whitepaper
Telegram : https://t.me/Hdac_TGE