Zug, Switzerland, 15 December 2017 — Hdac Technology AG (‘Hdac’), the Zug-based multinational corporation backed by Hyundai BS&C has engaged London-quoted Coinsilium Group Limited (NEX:COIN) as advisor to its Token Generation Event (‘TGE’). Blockchain veteran and Coinsilium CEO Eddy Travia will represent Coinsilium on Hdac’s TGE Advisory Board.
Hdac aims to bring innovative blockchain technology to Internet of Things (‘IoT’) payment platforms and secure transactions amongst connected devices. Hdac’s technology, which was developed by a company named Double Chain, will protect IoT devices and their users from hacks, privacy invasion, and external threats, especially for transactions. The Hdac blockchain, based on hybrid blockchain technology, will offer a wide range of capabilities to ensure reliable connection and secured processing between devices. Hdac will work to apply this pioneering platform to hardware payment applications.
Coinsilium, a London-based investor and accelerator in the blockchain space since 2014, will utilise its specialist knowledge and its global network of contacts in the blockchain industry to support Hdac throughout its TGE and beyond.
Eddy Travia, CEO of Coinsilium commented: “We are excited to advise the talented Hdac team with their token generation event and we are impressed by Hdac’s ambitious objective to apply blockchain technology to significantly improve the reliability and the security of machine to machine payments in the fast-growing, multi-billion dollar IoT industry. We look forward to contributing to the success of Hdac’s token generation event.”
Hdac supports blockchain technology events such as the StartupToken Hackathon held in Paris in November and the d10e blockchain conference in Bucharest starting on December 14.
Coinsilium is a blockchain venture builder and investor that finances and manages the development of early-stage blockchain technology companies. Coinsilium also provides advisory services to companies planning token generation events.
For further information about Coinsilium please visit http://www.coinsilium.com
About Hdac Technology AG
Hdac Technology AG is a Zug-based technology company building a new blockchain to secure machine to machine payments in the fast-growing world of IoT.
About Double Chain
Double Chain is a Korean company which specializes in developing IoT contract platform based on Blockchain technology. Double Chain has been active in the blockchain space for four years and has entered into an MOU agreement with Hyundai BS&C as of December 2016 which has been providing the core technology for Hdac.
For further information about Double Chain, please visit http://www.doublechain.co.kr/en/index.php