Hdac Technology and StrongBlock Sign Memorandum of Understanding to Accelerate Blockchain as a Service Offering

July 16, 2019, Seoul – Hdac Technology (“Hdac”), a blockchain technology company founded by Hyundai BS&C CEO Dae Sun Chung, today announced it has signed a Memorandum of Understanding (MOU) with StrongBlock, a BaaS(Blockchain-as-a-Service) platform founded by four former technology executives from EOSIO-creator, Block.one. An MOU signing ceremony took place on June 28th in Foster City, California.

The MOU outlines the technical and business cooperation of the two companies. StrongBlock and Hdac will jointly develop blockchain-based enterprise solutions and work together on business and development for select B2B projects led by either party.

Hdac Founder Dae Sun Chung said, “We expect our partnership with StrongBlock will help us to widen the spectrum of our enterprise blockchain solution offering so that we can achieve our goal of providing a scalable and reliable BaaS (Blockchain-as-a-Service) solution to our partners and clients to establish and operate their own blockchain-based services.”

“StrongBlock is the clear leader in BaaS. Our partnership with Hdac will accelerate the development of their promised blockchain platform. Our team helped build EOSIO, we coordinated the launch of EOS Mainnet — the fastest and most-used blockchain mainnet on the planet — and we have a working Delegated Proof of Stake (DPoS) flagship product,” said David Moss, StrongBlock Founder and CEO.

The Hdac Enterprise Blockchain Solution can be applied to various fields including construction, real estate, manufacturing, finance, and retail. Hdac has already completed two proof-of-concept blockchain projects, including a blockchain-IoT converged smart home solution that has already launched.

This new development is the first in a series of steps over the next 3 years that will enable the expansion and adoption of enterprise-grade blockchains by Hdac and StrongBlock. Both companies believe this partnership will prove the value and tremendous potential of blockchain technology to address diverse problems across multiple industries, and deliver the solutions detailed in the Hdac whitepaper.