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Hdac Technology Announces Business Strategy and Technology Roadmap

Vlad Poptamas



Michael Yun, CEO of Hdac Technology and HYUNDAI PAY
Reading Time: 2 minutes


  • Hdac to Provide Enterprise Blockchain Solution as a Service as well as an Easy and Convenient Developing Environment, Expecting to Win Businesses within 1H 2019
  • HYUNDAI PAY to Start Hdac-Coin-Based Prepaid Point Service within the Year to Lead Commercializing Cryptocurrency with Large-scale Investment

SEOUL, South KoreaMarch 13, 2019 /PRNewswire/ — Hdac Technology, a blockchain technology company, founded by Hyundai BS&C CEO Dae Sun Chung in October 2017, held a press conference on March 13 at Grand InterContinental Seoul Parnas, to present future business strategy and technology development roadmap.

Hdac Technology is a tech company under blockchain project ‘Hdac‘. Hdac is a hybrid blockchain platform integrating public and private blockchains and is designed as enterprise architecture to process diverse needs in the industry.

Hdac Technology announced its plan to complete the development of SDK and API in the first quarter to build an enterprise solution developing environment and the framework. Specifically, Hdac will use the DevOps approach to enable fast and easy development, establishment, test, and distribution of Hdac-based blockchain infrastructure.

CTO Moon-Ok Cho said, “We aim to help companies to establish and operate their own blockchain-based services with ease by providing BaaS(Blockchain-as-a-Service) solution. We are currently reviewing cooperation with a world-renowned cloud service provider to provide top quality enterprise blockchain services and to acquire a competitive edge in the global market.”

“Hdac Enterprise Blockchain Solution can be applied to various fields including construction, real estate, manufacturing, finance, and retail. We have completed two PoC(Proof-of-Concept) projects so far besides HERIOT, a blockchain-IoT converged smart home solution that we have already launched, and expect to win more than four actual projects during the first half of the year,” he explained.

Hdac Technology’s FinTech business is driven under the initiative of HYUNDAI PAY, aiming to provide convenient daily cryptocurrency payment services. HYUNDAI PAY is a Korean corporation that has Hdac Technology CEO Michael Yoonand CTO Moon-Ok Cho as the CEO and the CSO respectively.

The core of the FinTech business is Prepaid Point Payment Service. With the service, customers can purchase prepaid e-money called ‘H Point'(tentative) with ‘Hdac Coin’ and use it for transfer, electronic payment at online/offline franchise stores, QR-code payment at retail stores, and utility bill payment on smart home service. CTO Moon-Ok Cho’s further plan is to evolve ‘H Point’ into a stablecoin in the future.

Real Estate P2P Service carefully selects investment-worthy real assets and provides investors with profits. In particular, it aims to provide a blockchain-based P2P platform that links with the Prepaid Point Service, enabling convenient real asset management and reinvestment to various forms of assets. It plans to expand the service into a total P2P Finance Service by broadening the spectrum of assets to cryptocurrency and more.

In regards to the public blockchain sector, the development of Bridge Node that connects Hdac MainNet and a DApp partner’s mainnet has been completed. It will be released by the end of March at earliest, after internal integration test and verification. ‘Hdac Contract’ based on the Bridge Node is designed with a focus on providing a DApp service that can issue tokens and be applied to diverse industrial environments.

CEO Michael Yoon commented that, “Hdac Technology will provide all types of blockchain-related services to better assist customers in the era of the 4th industrial revolution by integrating upcoming technologies like IoT, AI, big data, and FinTech.” He also added, “We are in dialogues with a globally renowned blockchain team to upgrade the current ePoW algorithm into a new blockchain protocol which suits the new era.”

SOURCE Hdac Technology


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Honda Announces Presence at Milan Design Week Featuring the Honda e Prototype

Vlad Poptamas



Honda announces presence at Milan Design Week featuring the Honda e Prototype
Reading Time: 1 minute


Honda has announced that it will exhibit for the first time at 2019 Milan Design Week, the world’s largest design exhibition. Based in the Tortona design district, Honda’s exhibit will feature the Honda e Prototype and express the connected lifestyle at the centre of the models design ethos. This will be the first public appearance of the model since its world premiere at the 2019 Geneva International Motor Show. The car previews Honda’s first mass production battery electric vehicle for the European market and will go on sale later this year.

The exhibit, themed as the “Honda experience – Casa Connessa Tortona” will present an environment inspired by the design concept of the Honda e Prototype. It will include an immersive experience and visual collaborations with selected partners.

The teaser image provides a sneak preview of the exhibit highlighting the “Tree of Energy” central to its design.

“Honda experience – Casa Connessa Tortona” is on Via Tortona, close to the Porta Genova train station. The exhibit will be open from 10am-9pm, 9th – 14th April 2019.

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Banking/Financial Services

Next Billion and Ocean Protocol pilot new data sharing model to directly benefit rural store owners

Vlad Poptamas



Next Billion and Ocean Protocol pilot new data sharing model to reward rural store owners
Reading Time: 2 minutes


Next Billion today announced its collaboration with Ocean Protocol, the first general platform for borderless data sharing that marries blockchain, data and AI, to pilot a new data sharing model that gives store owners in rural India an extra stream of income.

Next Billion creates insights to enable companies to expand in high-growth emerging markets. The Company provides free point-of-sale (POS) platforms to rural store owners to record real-time inventory and sales data. It is building a data marketplace and piloting a new data sharing model on Ocean Protocol.

Through the pilot, stores in rural India will capture real-time transactions through the POS platform and are incentivized to consistently use this platform to submit verified data. When companies buy their syndicated data, transactions can be traced back to the source via Ocean Protocol, enabling Next Billion to reward these rural store owners with royalties.

“We believe global companies’ needs for commercial data can unlock sustainable and inclusive business models that empower local data providers to share fair value from their data,” said Oliver Gilbert, Managing Director of Next Billion. “Ocean Protocol enables Next Billion to monetize data and share it with companies in a safe and secure manner.”

Despite the lack of digitization in retail practice in rural Asia, sales are climbing. Driven by the rise of the middle class, the consumption of fast moving consumer goods (FMCG) in rural areas is growing across Asia. From 2009 to 2012, spending by India’s 800+ million rural residents reached $69 billion, some 25% more than their urban counterparts over the same period. According to recent estimates, consumption in rural areas is growing at 1.5 times the rate in urban areas. The current $12 billion consumer goods market in rural India is expected to reach $100 billion by 2025.[1]

FMCG companies are eying this new opportunity and have revved up their distribution channels in rural areas. This has been reflected by a significant rise in demand for rural market research data. However, traditional market research firms lack rural reach, maintain outdated platforms premised on different environments, and their costs remain prohibitively expensive.

Ocean Protocol is a blockchain-based platform for safe sharing of data. It enables companies and data services to build on top. Its technology allows organizations to put a value on, own and control their data while addressing many frictions around data sharing today including privacy concerns, trust, and auditability. Ocean also allows algorithms and models to come to the data, get trained and then leave without exposing the data or taking a copy, thereby retaining privacy and freeing up data to advance the economy and society.

“A lot of data is generated today, yet they are locked up in silos because people are scared of losing control and not getting rewarded. Ocean helps to solve this by giving the tools for people to own and control their data and develop new data-driven business models,” said Bruce Pon, founder of Ocean Protocol. “Data owners can program the conditions of access which are then executed precisely. In addition, data can be traced back to its source, enabling incentives to be spread across all stakeholders in the data sharing process.”

“Being incentivised along with transparency on how data is being used increases the willingness for people to share data,” Gilbert added. “We hope to provide high quality and agile retail insights at a fraction of what the traditional market research firms would charge while targeting an increase in sustainable livelihoods by 30-50%.”

SOURCE Ocean Protocol

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Banking & Financial Service

Money20/20 Asia’s featured speakers share 2019 FinTech Forecast

Vlad Poptamas



Reading Time: 3 minutes


Money20/20 is the world’s leading platform where the Financial Services, Payments and FinTech community connect and create the future of money. The Asian edition – Money20/20 Asia will bring over 300 industry leading speakers to reveal their top company strategies, share unique opinions on the hottest topics and predict the future trends.

The entire industry is eager to see what industry-shaping trends, new technologies and innovation will define 2019. Money20/20 Asia has released six FinTech forecasts and predictions from some of their featured speakers, which provides a taste of what the global audience will learn from the event.

Sreeram Iyer, COO, Institutional Banking at ANZ Banking Group provided his banking perspective on the long-standing industry topic  blockchain applications.

Though not a commonly-held view, Corporate & Institutional Banking will certainly witness the maturity, practical adoption, and benefit-realisations of *private* Blockchain applications and gear up for traction in 2020. These will have significant customer experience improvements and internal productivity gains – not only in Trade, but in Lending & Global Markets alike.” Sreeram Iyer will join the Panel Session ‘The incumbents’ response’ at 12.10pm on 20th March.

Jakub Zakrzewski, General Manager, APAC from one of the strongest challenger banks, Revolut, shared his insider view on the key elements to strengthen the competitive advantages of challenger banks in 2019.

“A big trend to look out for in 2019 will be the increased use of automation, machine learning and AI, which will enable banking challengers to automate, accelerate and improve the quality of their decision-making. This will help them across the business, but particularly when it comes to tackling financial crime faster and far more accurately than outdated, manual processes. Jakub Zakrzewski will join the Panel Session ‘Fintech challengers’ at 3.50pm on 20thMarch.

Nilanshuk Haldar, Head of Financial Services Partnerships, APAC at Amazon Web Services shares his point of view on financial cloud technology adoption in Financial Services.

Financial institutions are adopting the cloud to innovate at the speed of fintech startups, and to ensure greater security, flexibility, and the ability to scale up as needed efficiently and quickly. In 2019, expect many more incumbents and challenger banks to run critical parts of their business – and sometimes their entire infrastructure – on the cloud.” Commented by Nilanshuk Haldar will speak in the Session titled ‘When to move to the cloud? Business cases and implementation hurdles’ at 4.25pm on 20th March.

Dr. Kfir Bar, Chief Scientist at Basis Technology predicted blockchain and cryptocurrencies impact in Financial Services in 2019.

“The future is uncertain for blockchain and cryptocurrencies in financial services. There’s no doubt digital value protocols, distributed ledgers, and smart contracts have a compelling hypothetical value proposition for the industry, but real-world applications have been noticeably lacking. I think they can have a significant impact, but it’s hard to predict what it will be.” Dr. Kfir Bar will speak on Panel Session ‘Are we using it right? Learnings from (perceived) AI applications in financial services’ at 3.55pm on 19th March.

Theodora Lau, Founder at Unconventional Venture commented on predicted Fintech & Bank partnerships in 2019.

2019 is the year of autonomous banking – when we move from insights to action. The winners will be those who leverage emerging technologies such as AI and advanced analytics to become truly trusted advisor for their customers  automating their day-to-day finances and empowering them towards a more financially secure future.” Theodora Lau, Founder at Unconventional Venture who will be moderating ‘Reverse Pitch: Why you (fintech) should take my money (VC)! ‘ at 4.20pm on 19th March; and Case study: HSBC and Google Cloud at 4.05pm on 20th March.

James Lloyd, Asia-Pacific FinTech Leader at EY shared his view on the 2019 trend of FinTech and TechFin partner ecosystems.

The emergence of digital challenger banks is a global trend. Taking learnings from other markets and inspired by the success of major TechFin players in China, platform-enabled challengers in Asia-Pacific are likely to be among the most innovative – creating and participating in partner ecosystems extending beyond finance into such areas as retail, transportation, travel, and telecommunications.” James Lloyd will speak in his session titled ‘The evolution of the challenger bank model’ at 3.30pm on 20th March; Session ‘Platform challengers’ at 4.20pm on 20th March; Session ‘Hong Kong Virtual License Status Check’ at 5pm on 20th March and Session ‘Building a bank from scratch’ at 2.40pmon 21st March.

Money20/20 Asia’s full agenda features over 300 of the world’s leading innovators delivering expert insights into the critical themes and developments on how businesses and people spend, manage, save, borrow, share and protect money. Curated by independent industry experts, the agenda runs across 3 full days and 6 unique stages and will give businesses the knowledge and tools they need to prepare for tomorrow’s Financial Services marketplace. See the full agenda

On 19-21 March 2019, Money 20/20 Asia will take place at Marina Bay Sands in SingaporeParticipants will get access to real-life case studies, insights, stories of successes and failures, workshops and more that will enable them to understand the ways in which they can evolve their business to grow across Asia and beyond. Find out more on


SOURCE Ascential Events PLC


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