While most ICO’s have been about blockchain and related technologies, HDAC comes with a unique idea of combining blockchain with IoT. This in itself makes it the most interesting ICO in near future.
HDAC will facilitate M2M transactions like peer to peer transactions with the use of blockchains. In Essence, IoT requires machines to talk and interact, it also requires them to function efficiently — HDAC will ensure that they talk and transact using complex blockchains. For now most people reading this are thinking : I have no clue what is being talked about here, but this sounds interesting !! and indeed it is. Let me attempt to explain to you this concept in a simpler way :
HDAC Explained with an Example
- In the below example, there are two systems — there is a blockchain network of homes and an IoT network of homes. Now suppose there is a user in Home A who has set a limit on usage of his smart TV and let’s say that he has set a limit of 100 Hrs for one month. This value is known as IoT contract value. In order to stop the Smart TV after 100 Hrs there will be a control device mounted over it, which will interact with a measurement device which is also connected and helps keep track of the number of hours. Also there will be a communication between the operating device and the control device to keep track of usage so that the three can coordinate and stop the operating device which in this case is the smart TV. For them to function together, they need to communicate using authentication and for this authentication they will adopt a mutual authentication system with the use of blockchain and HDAC will be the transaction between them. The whole ecosystem will be created so that machine to machine interaction can happen with the help of Blockchains in a secured way.
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Example of HDAC at Work
Key Features
High Transaction speeds as compared to bitcoin / ethereum blockchain owing to use of both private and public blockchains
Block Time of 3 Min
Dynamic block size
PoW Method consensus algorithm
ICO Review :
HDAC token sale has started and will continue till 22nd December.
This is a very unique ICO and has received a lot of attention
The founders are backed by corporate and have a very strong team of blockchain technology specilaists.
My recommendation is to enter this ICO and Hold it for long term as this is a long term project and will definitely yield results in the long run.![]