Soon, your fridge, and your car will pay for things.

Internet of Things (IoT) will break the non-secure, inefficient payment-card model by enabling a more advanced distribution network that eliminates the need for physical cards. At the same time, IoT will increase the speed and efficiency of consumers’ purchasing.

IoT significantly expands the payment-acceptance network by converting any connected device into an endpoint for commerce. Expansion of the acceptance network will drive the industry’s goal of displacing cash and expanding card volume.

IoT will change the status quo of commerce. As in-app payment experiences (e.g., Uber) increase in popularity, there will be need for seamlessly IoT-enabled payment.

IoT is in its infancy with protocols and standards still being settled but the battle over how payments will be transacted in the IoT world is already well under way.

Hdac, part of the family company of Hyundai, build the world’s 1st Internet of Things Contract & Machine-to-Machine (M2M) transaction platform based on Blockchain. IoT (Internet of Things) contract is a ‘Machine to Machine’ (M2M) service that controls all the devices. It is a concept expanded from the object of ‘Smart Contract’ to the ‘IoT Device,’ where the programmer, when creating a Smart Contract, shares the address of the device which will be controlled on the blockchain network through Hdac.

By utilising blockchain technology, Hdac ensures the protection of users privacy and every digital transaction. Hdac implements a specific authentication scheme by applying a Quantum Random Number (beginning with our identifiable characters “Hdac”) to eliminate the possibility of hacking.

The interesting part is Hdac uses double-blockchain system, which means utilising both Public Blockchain (ethereum, etc) and Private Blockchain (Hdac private chain). From private to public and back again, our Hybrid Blockchain is configured as a hidden network with safe tunnelling between a user and device to combat hacks, privacy invasions and external attacks.

This radical revolution will disrupt not only the Machine-to-Machine payment but the overall IoT industry.

Learn more about Hdac Technology:
Website: https://hdac.io/
Twitter: https://twitter.com/Hdactech
Reddit: https://www.reddit.com/r/Hdac/
LinkedIn: https://www.linkedin.com/company/27015585
ANN Thread: https://bitcointalk.org/index.php?topic=2402330.0
Telegram: https://t.me/Hdac_TGE
Whitepaper: https://github.com/Hdactech/Hdac/wiki/Hdac-Technical-Whitepaper