Auditing firm CertiK and Hyundai subsidiary Hdac are teaming up to bring net of Things (IoT) devices onto a blockchain.
Hdac’s blockchain platform makes an attempt to mix secure authentication, seamless mapping, and machine-to-machine transactions during a blockchain network with IoT devices. CertiK’s team of blockchain engineers worked closely with Hdac to audit the look and implementation of its codebase, that is anticipated to be discharged within the near future, the businesses told CoinDesk on Friday.
“Because of their [Hdac’s] future plans, we have a tendency to set it would make sense to formally partner with each other as a public promise of Hdac’s concentrate on security and a symbol of CertiK’s ability to support larger enterprise-level solutions similar to Hdac’s,” CertiK’s marketing manager, Connie Ng, aforementioned in an email.
In addition to their formalized partnership, CertiK co-founder Ronghui Gu also will be together Hdac’s planning board.
Founded in 1993, Hdac Technology AG is headquartered within the crypto-friendly region of Zug, Switzerland, and was founded by the CEO of Hyundai BS&C, Dae-sun Chung. Hyundai BS&C is the automotive company’s IT and construction arm whose focus has been for the most part fixated on the internet of things (IoT) and pc software systems.
The security firm is best famous for receiving “multiple millions” of dollars from Binance’s blockchain and crypto setup wing Binance Labs in October 2018. Hdac, on the opposite hand, entered into a strategic partnership with blockchain startup CasperLabs to collectively research and development agreement mechanisms and seamless integration between the HDAC and CasperLabs blockchains back in June of last year.