HdacHdac

Menu Open

search result

Frequently Searched Words
Close
Menu Close

NEWS

Latest News

Stay updated with the latest news and event on RIZON

News

Hdac Technology Introduces its First DApp Project…Expansion of Blockchain Ecosystem is Now in a Full Swing

Mar 18th, 2020
Hdac Technology Introduces its First DApp Project…Expansion of Blockchain Ecosystem is Now in a Full Swing

- Hdac invests in a neighboring copyright platform startup, ‘Levoist’ … DApp using Hdac blockchain and coin will be launched.
- ‘WeX’ is a platform for purchasing neighboring copyrights … “Participate in the production of your favorite artists’ new album and get shares from the profits of the songs.”
- ‘WeXDaq’ is a platform which allows individuals to buy and sell neighboring copyrights … Hdac blockchain and coin economy are to be applied to transaction and calculations of profits.

March 18, 2020, Seoul – Hdac Technology(“Hdac”), a blockchain technology company established by Dae Sun Chung, CEO of Hyundai BS&C, has introduced its first Hdac blockchain platform based DApp project hand in hand with ‘Levoist’, a music neighboring copyright platform startup.

‘WeX’, a platform developed and operated by Levoist is a platform which allows fans or individual investors to purchase neighboring copyrights and to participate in the production of artists’ new music. Of the neighboring copyrights induced by the production of a new music, producer Levoist sells its share of rights to individual investors and profits of the music are shared between the right holders.

Unlike other crowdfunding projects, those who purchase shares of neighboring copyrights hold an equal level of rights as the artists and the performers of the purchased music. The purchaser of neighboring copyrights is also entitled to profit distribution, which in the case of neighboring copyrights is valid for 70 years. It is possible to purchase neighboring copyrights with FIAT currently and purchase with Hdac coins will be made possible in the future.

The first project by ‘WeX’, a song titled ’Matter of Time’ sung by Naeun and Jinsol from K-pop girl group APRIL has reached its sales goal last January and successfully launched the single album this month. The project captured a lot of attention by having Hyungsuk Kim, renowned songwriter and non-executive director of Levoist, and lyricist Eana Kim participate in the project.

‘WeXDaq(prototype name)’, an Hdac blockchain-based platform which allows users to purchase and sell neighboring copyrights will be launched in upcoming July. Management of profits made from owning the neighboring copyrights of the music and sales of the copyrights for already released music will be performed on this platform. Deals will be made with 'point's which users can purchase with either FIAT or Hdac coins.

Yong Wan Ju, the representative officer of Hdac Technology Korean Branch, said “We hope this DApp project with Levoist will become a successful example in all aspects including the rise of blockchain use cases, the growth of DApp's business, and activation of Hdac Ecosystem.” He also stated “Starting with this project, Hdac will work towards gathering various blockchain-based commercial cases with market value to improve usability of Hdac to settle the ecosystem.”

Byung-hun Oh, CEO of Levoist, said “We believe the irreversibility, integrity, and security which blockchain technology offers is a must in managing the deals and profits of neighboring copyrights, which last 70 years from the date of the music release, transparently.” He added, “We are happy to cooperate with Hdac, a company which pursues a stable business continuity and owns global marketing ability.”

On the other hand, Hdac participated in raising a fund worth 32billion won with a venture capital company T Investment to develop, raise, and invest in small but mighty startups which possess solutions and to activate blockchain-based ICT services, as well as to expand Hdac ecosystem.

 

List

PRIVACY POLICY

1. Introduction.

Hdac Technology AG respects the privacy of its Members, Contributors, Users or Clients and is dedicated to controlling the use and disclosure of information provided by Members, Contributors, Users or Clients using the Site. This Privacy Policy (the “Privacy Policy”) sets forth Hdac Technology AG’s policies regarding collection, storage, access, use and disclosure of information relating to a Member’s, Contributor’s, User’s or Client’s registration and use of the Site. Any terms not defined herein shall have the meaning set forth in the Terms & Conditions, the Transaction Terms & Conditions or the User Agreement.

2. Information Collection, Use And Disclosure Activities.

2.1 Registration Information.

To ensure that only legitimate entities and individuals are able to access the non-public areas of the Site and enter into transactions, we require each potential Member, Contributor, User or Client to, by using the Registration Page on the Site, provide (i) information regarding themselves (including name, e-mail address, job title, work address and work phone number), and (ii) information regarding their Company (including Company name and parent Company’s name and address). Upon receipt of Your registration data, Hdac Technology AG may contact You or Your Company to obtain other background information used by Hdac Technology AG to evaluate an applicant's qualifications for Membership, Contribution and/or Participation. Other than as specified in this Privacy Policy, the registration information will be used only internally by Hdac Technology AG and will not be disclosed to third parties without the applicable Member’s, User’s or Client's prior written consent. Notwithstanding of the before mentioned, Hdac Technology AG is obliged to report suspicious transactions and facts about individuals including Contributors to the relevant authorities without further notification and without becoming liable for any damage such action may cause.

2.2 References.

In addition to the information specified in Section 2.1, Hdac Technology AG may require Members, Contributores, Users or Clients or prospective Members, Contributors, Users or Clients to provide Hdac Technology AG with Company references to allow Hdac Technology AG to verify a Company’s capacity, legitimacy and reputability. Hdac Technology AG may provide such references to parties with which a Member, User or Client enters into a Negotiation to assure such parties that Company can meet its prospective obligations thereunder.

2.3 Member, Contributors, User or Client Profile.

Each Member, User or Client will create a Member, Contributor, User or Client profile that includes, among other things, information about this Member, Contributor, User or Client. Information in a Member, Contributor, User or Client profile are accessible only by the applicable Member, Contributor, User or Client, the Member, User or Client’s Group Administrator and Hdac Technology AG. Certain Member, Contributor, User or Client profile information will be provided to the parties engaged in a Negotiation in accordance with Section 2.5. Other than as permitted under this Privacy Policy, Member, Contributor, User or Client profile information will not be disclosed to third parties without the applicable Member, Contributor, User or Client's prior written consent.

2.4 Member, Contributor, User or Client Information.

(a) Hdac Technology AG may collect, use and disclose both on and off the Site, for marketing and other purposes, certain general, demographic and statistical information regarding Site usage and transactions. (b) To assist Member, User or Clients in selecting companies they may do business with through the Site, Hdac Technology AG may make available to Member, Contributor, User or Clients and non-Member, Contributor, User or Clients certain performance statistics of all Companies, provided that such statistics shall not include any Company-identifiable pricing information.

2.5 Technical and Usage Information.

To operate the Site, enhance its functionality, and ensure that Members, Contributors, Users or Clients Negotiations and communications are convenient, dependable and secure, Hdac Technology AG may collect, store and use technical and Site usage information relating to a Member, Contributor, User or Client's activities on the Site. Such information includes the Internet Protocol (“IP”) address from which a Member, Contributor, User or Client accesses the Site, which is used only internally by Hdac Technology AG as required for server operation and other technical uses, and is not disclosed to Members, Contributors, Users or Clients or other persons. Hdac Technology AG may also track the pages of the Site accessed by Members, Users or Clients.

2.6 Member, Contributor, User or Client Communications.

Hdac Technology AG may use Member, Contributor, User or Client contact information, such as e-mail addresses, to communicate with Members, Users or Clients regarding registration and transactions, to notify Members, Contributors, Users or Clients of changes in Site functionality and features, product and service updates, policy changes, billing and other activities relating to a Members, Contributors, Users or Client's use of the Site, and for marketing purposes.

2.7 Legal Compliance.

In addition to the disclosures permitted pursuant to this Privacy Policy, Hdac Technology AG may provide Member, Contributor, User or Client information in connection with legal, administrative or judicial inquiries, claims or orders to the extent necessary to comply therewith or to enforce a User Agreement.

3. Collection And Use Of Information Using Cookies.

As with many state-of-the-art Internet sites, the Site uses “cookies” to enhance the functionality of the Site and to make transactions and other activities more convenient and efficient for Members, Contributors, Users or Clients. A “cookie” is a file stored locally on computers used to access the Member, Contributor, User or Client account that contains information relating to a Member, Contributor, User or Client's past use of the Site. For example, a cookie may contain information previously entered on a Site form, which may be recalled as default information when that form is accessed at a later time. This prevents re-entry of frequently used information each time a Member, Contributor, User or Client account is accessed. Cookies are also useful in streamlining log-in and in preserving transactional information between sessions. Cookies will likely play an increasingly important role as we enhance the ability of Members, Contributors, Users or Clients to customize the functionality of the Site to better meet their needs and preferences. Most Internet browsers include preference settings that allow users to be notified and control whether cookies are transferred to their computers. Please review Your browser's documentation or “help” feature for more information on that functionality. Although disabling cookies will not affect a Member, User or Client's ability to transact business on the Site, it may make such activities more time consuming.

4. Linked Sites.

The Site may contain hyperlinks through which other Internet websites may be accessed by Members, Contributors, Users or Clients. Hdac Technology AG is not responsible for and cannot make any assurances regarding privacy, or other policies or practices of the operators of such websites. Such links are provided only for the convenience of our Members, Contributors, Users or Clients, and the presence of any link does not imply that Hdac Technology AG endorses, approves or is responsible for such websites.

5. Security.

Hdac Technology AG is very concerned with the security of information relating to our Members, Contributors, Users or Clients' use of the Site and has implemented systems and procedures to prevent unauthorized access to that information including the use of Secure Sockets Layer (SSL) connection and password protection. Each Member, Contributor, User or Client will create its own username and password, the secrecy of which is the sole responsibility of the Member, Contributor, User or Client. In the event the integrity of a Member, Contributor, User or Client’s password is compromised, the Member, Contributor, User or Client shall immediately change its password.

6. Updates To The Privacy Policy.

Hdac Technology AG may update this Privacy Policy from time to time as new features and services become available on the Site and to keep pace with technological developments. The new terms shall be effective ten (10) days after they are initially posted on the Site. It is the responsibility of the Member, Contributor, User or Client to review the latest terms. If You do not agree with updated Privacy Policy, You should immediately cease use of the Site and the Services.