Modern Group's blockchain company HDAC Technology completes proof of concept for enterprise blockchain solutions

Blockchain company HDAC Technology revealed a proof of concept (PoC) for its enterprise blockchain solution in modern times. The PoC is conducted at Hyundai Motor's Manufacturing Engineering Research and Development Center for data integrity and security as well as real-time monitoring of automotive manufacturing. In addition, this PoC ensures blockchain-based production history and product quality data management. The company also revealed details of its new blockchain platform, "Friday," based on proof of rights (PoS), which is used for payment and IoT projects, such as the construction of smart homes. HDAC Technology is a subsidiary of Hyundai Group, one of the top five consortiums in Korea, specializing in blockchain research.