-Cooperation in developing blockchain-based online trade system services.
-plans to expand and upgrade technology development such as providing a cryptocurrency payment system In addition to the trade messenger function.
Hdac Technology announced on the 28th that it has signed a memorandum of understanding(MOU) with blockchain platform development company Gbrick to develop online trade platforms targeting overseas markets.
The two companies will promote a blockchain-based trade platform business by combining Hdac’s public blockchain development and operation and know-how in blockchain SI development, with Gbrick’s digital asset platform and payment services. Due to the business partnership, users can pay for Gbrick and Hdac cryptocurrencies within the online trade system using Gbrick’s mobile messenger “Crecker” and its own payment service. It can also be applied to Hdac‘s blockchain-based trade business experience and many pan-Hyundai businesses that have advanced overseas. In addition, various payment options using Stablecoin will be offered.
Gbrick‘s blockchain platform with fast speed and high security provides blockchain-based digital asset payment services that are user-friendly and versatile. Gbrick, which recently started strengthening its global business, developed Malaysia’s first blockchain messenger service called ‘tiis’. Having a high smartphone rate but no domestic messengers, Malaysia relies heavily on messengers from other countries. In consideration of the local situation in Malaysia, Gbrick plans to expand its service to a platform service that can provide not only simple messenger functions but also media contents and other services related to local life.
While the two companies are planning to upgrade the blockchain-based messenger platform system through this collaboration, in addition to establishing a payment system using cryptocurrency from both companies in the future, they plan to continue to collaborate to expand their blockchain-based platform business through the development of new services that can be used universally.
Meanwhile, Hdac is set to release Cosmos’s Tendermint engine-based blockchain “RIZON.” The Tendermint engine-based ‘Delegated Proof of Stake’ method solved the problems of processing speed, network scalability, and block completeness without consuming enormous resources required for proof of work on the existing mainnet. Furthermore, RIZON, which aims to serve as a hub for decentralized digital currencies and assets, plans to develop modules to make it easier to use services available on the blockchain. In addition, it is currently waiting for approval from the Swiss Financial Market Supervisory Authority (FINMA) to submit approval documents for the issuance of Stablecoins in August.