*The following is the English translation of the above article.

[Exclusive Interview] Dae-Sun Chung, the grandson of the founder of Hyundai Group who successfully completed the largest ICO last year, said, “We will provide a role model for blockchain ecosystem with native coins.”

The largest ICO of previous year is an acknowledgement of our own technologies. After the ICO evaluation in Switzerland, he plans to form technology communities per industry. “We will develop a hybrid of public and private blockchains,” “We may fall behind in the blockchain market, therefore loosening regulations is desperately needed, such as regulatory sandbox.”

[Seoul=Newsis] by reporter Kim
2018/06/08 09:00:00

[Seoul=Newsis] by reporter Choo 2018.06.07

Hdac Technology, led by Dae-Sun Chung, the CEO of Hyundai BS&C and the grandson of the founder of Hyundai Group, has set out to build the next generation blockchain platform and ecosystem by showing off Hdac Mainnet, the IoT blockchain.

“Hdac” is a blockchain-based crypto currency issued and led by Chung. Hdac received enormous attention in the global market last year by successfully completing the largest ICO (Initial Coin Offering, having collected 16,786 Bitcoins) among Korean native coins.

Chung said in his exclusive interview with Newsis on the fifth, “I would like to present a role model for blockchain ecosystem by changing the negative views toward the existing cryptocurrency market on behalf of the native coins. We will form technology communities per industry after completion of the ICO evaluations by the Swiss financial authorities.”

Chung appeared in front of the media 10 years after the establishment of his company in 2008 and introduced the process of the proposed business and commercialization of services last year through the white paper (business plan) and emphasized that he would expand support of infrastructure and cooperation for promoting blockchain.

Hdac supports IoT and M2M (machine-to-machine) communication through its own blockchain platform. It would be used in various aspects of our daily lives in the future such as smart homes, smart campuses, smart factories, etc.

For example, when a user certified by the blockchain arrives at the entrance, the installed sensor recognizes the person and opens the door automatically with approval. Inside the home, people will use IoT devices such as electricity, water, gas, etc., connected to the blockchain platform, and the data produced by each of those devices will again be recorded in the blockchain platform, and it will be possible to estimate the amount of energy and automatically make payments with cryptocurrency. In case of disasters, the blockchain will automatically shut off in order to prevent accidents.

Hyundai BS&C is a specialized construction and IT service company, providing construction, plant business, system integration, IT outsourcing, IT consulting services, etc. Although this is an unprecedented business structure for a blockchain company, some evaluate it as a favorable structure, having its own market to apply the actual blockchain technology.

“We started off as an IT company and added construction in accordance with the will of my father, but we started paying attention to IoT as a technology combining the values of IT and construction. We learned about blockchain while trying to find solutions for security in providing such services,” Chung explained.

The distributed ledger blockchain can prevent operation of IoT devices or manipulation or illegal collection of data by third parties.

In particular, the business of applying blockchain to HERIOT, the smart home industry, has had some progress. It has gone through the first step to a proof of concept and it is aiming for IoT contract operation at the second half of this year. IoT contract means enabling numerous IoT devices to agree on trust-based procedures and realizing safe service scenarios.

Chung said, “Our plan is to upgrade Heriot to a state-of-the-art, high-end residential space through IoT solutions developed by our construction sector and IT sector. We are planning to apply the IoT contracts to Samsong Heriot Apartments, which are currently under construction.”

Based on such visions, Chung established a blockchain company, Hdac Technology AG, in Zug, Switzerland, last year. With three free sales in March, May and July last year and through Initial Coin Offering (ICO) in December, Hdac coins collected the largest size of funds among native coins.

Hdac Technology has submitted administrative documentation in accordance with ICO Guidelines issued by the Swiss financial authorities (FINMA) and is currently undergoing procedures to comply with the local government’s regulations. FINMA is in the process of confirming the future possibilities of Hdac technologies, KYC (Know-Your-Customers) of ICO investors, and whether AMLA (Anti-money laundering) procedures have been duly followed. Hdac has already obtained certification on AMLA.

In looking back, Chung said, “We were planning to go to Switzerland even before regulations by our government had existed. We were full of desire to learn from Zug as it had been receiving global attention as a Crypto Valley.” He also added, “I have pride in our technologies. We opened Mainnet with our own platform, not Bitcoin or Ethereum. Of course, the brand Hyundai probably had some effect, but people will eventually acknowledge us as the technologies are evaluated.”

Hdac has established a complete decentralized system through opening Mainnet. While maintaining the nature of public blockchain such as certification, dispersion, and combining the strengths of private blockchain such as processing speed, they are planning to add specialized functions in the previous industries such as construction, heavy industry, distribution industry, etc. By searching the methods in which industry application technologies can have synergy through public and private ecosystems, they have a plan to survive in the blockchain market.

“Having Hdac Technology in the center, with Hyundai BS&C (Young-Ju Lee, CEO) and Hyundai Pay (Byung-Cheol Kim, CEO), we are in the process of developing the Hdac platform by applying private blockchain that may be independently operated. We are planning to develop a hybrid of public and private blockchains,” he stated.

“The process of owning Hdac involves participating in the ICO or mining in the Mainnet, and the Hdac’s mining has power has been exploding. It is currently 15 teras, and Ethereum Classic is 8 teras. Since structure expansion is one of the important values of the blockchain of Mainnet, we are expecting to settle in early,” he said.

Chung is cautious of the views that simply regard Hdac as a cryptocurrency. It is because cryptocurrency is only one part of Hdac, and it is aiming to become the model for building its own ecosystem through its own blockchain platform. This is why they are focusing on protecting market participants and promotion their business.

He proclaimed, “The blockchain ecosystem is a domain that participants make and we will make efforts in showing technologies that are above the white paper for the market participants.”

Regarding the government, he emphasized that in order to preoccupy the market, loosening regulations are necessary, such as implementing a regulatory sandbox. He said he is gravely concerned with the possibility that Korea may be alienated from blockchain technologies and will lead to an industrial convergence. In Hdac’s case, they started trying industrial applications because P2P (peer-to-peer) payments, micropayments O2O (online-to-offline) services were difficult to be implemented due to ambiguity in related laws.

Chung emphasized, “In the Fourth Industrial Revolution, we already lost the initiative in AI or big data to other countries. Blockchain is still in good shape and suits our culture very well. The government should draw an outline based on the creation of jobs and sound industry development.”

– End –

[独家采访] 去年最大ICO成功现代家第三代郑大宣”提出本土币区块链生态系统的楷模”


[Seoul=Newsis] by reporter Kim
2018/06/08 09:00:00

[Seoul=Newsis] by reporter Choo 2018.06.07

【首尔=newsis】 现代集团第三代的郑大宣现代BS&C总经理指挥的Hdac technology公司,公开物联网(IoT)区块链的Hdac主网,展开下一代区块链平台和生态系统的构筑。




Hdac 通过本地区块链平台,支持IoT和机器对机器通信(M2M- Machine to Machine),将被运用在智能家庭、智能校园、智能工厂等未来日常生活接触的各个领域。




现代BS&C 是建筑和信息技术(IT)服务专业企业,进行建设、成套设备、系统集成、IT外包、IT咨询等的业务。这对区块链企业而言,虽然是超出常规的业务结构,但也有评价说由于拥有可适用实际区块链技术的自我市场,所以是较为有利的结构。

郑总经理说:从IT企业开始,继承先父的遗志,追加了建设领域,而作为结合建设和IT价值的技术,关注了IoT。为了提供这样的服务,安全性最重要,在寻找解决办法时接触到了区块链 ”。


尤其在智能家庭领域的HeRiot适用区块链的业务是有了一定进展的。经过了第一阶段的概念验证,目标是到下半年IoT协议执行。IoT协议意味着多数 IoT机器之间在区块链上可以同意信任基础程序,实现安全的服务计划。



目前,依据瑞士金融当局((FINMA)发表的ICO准则,提交了行政材料,然后履行遵守本地政府的劝勉事项的程序。FINMA对Hdactechnology的未来发展性和对于ICO投资人的KYC(本人确认)、AML(防止洗钱)程序是否合法还在确认。Hdac 已经获得AMLA部分认证。

郑总经理说:“韩国政府管制以前,原来我想要到瑞士。楚格作为加密谷(Crypto Valley-密码货币城市)受到世界性的关注,非常希望能学一下”。


Hdac 通过主网公开,确立完整的分权体系。保持认证-分散等公有区块链的特性,加上具有高速处理速度之长处的私有链,预计在建筑-重工业-流通等现有行业添加特殊化功能。他计划寻找通过公有链生态系统与私有的产业结合提高协同效应的方法,在区块链市场中持续生存。

郑总经理表示“正在以Hdac technology为中心,与现代BS&C、现代Pay携手,正在开发采用企业可以自主运行的私人链的Hdac平台,计划使其发展成为公有链和私有链之间可以互换型的混合链平台”。




他强调说,为了抢占市场,政府要缓和限制,如监管沙盒等。郑总经理非常担心韩国在领导产业融合的区块链技术方面被排除在外。Hdac也在P2P(个人对个人)结算、 微支付(小额交易)020(在线、离线的连接)等服务方面,由于有关法律法规的模糊,难以执行,所以首先试图了产业方面的适用。


– 结束 –




[Seoul=Newsis] by reporter Kim
2018/06/08 09:00:00

[Seoul=Newsis] by reporter Choo 2018.06.07





エイチダックは自己ブロックチェーンプラットフォームによりIoTと機器間通信(M2M,Machine to Machine)を支援する。スマートホーム、スマートキャンパス、スマートファクトリーなど、未来の日常生活で接する様々な領域で用いられると考えればよい。











チョン社長は「韓国政府の規制以前からスイスに行こうと思っていた」とし、「ツークはクリプトバレー(Crypto Valley,暗号通貨都市)として世界的な注目を集めており、一度学んでみたいという意欲が大きかった」と振り返った。









– 終 –