Hyundai’s Blockchain Arm Partners With Binance-Backed CertiK to Enhance IoT Tracking
One of the top blockchain auditing firms, CertiK, signs a partnership deal with Hdac, Zug headquartered proof of stake (PoS) blockchain development company. The partnership statement also confirms Co-founder of CertiK will join Hdac’s advisory board.
The partnership arose after CertiK took an interest in the platform operations after completing an audit on Hdac mainnet’s (tentatively named “Friday”) design and implementation of its codebase. The partnership formalized in a deal partnership made public on June 26. CertiK’s marketing manager, Connie Ngo, said,
“Because of their [Hdac’s] future plans, we decided it would make sense to formally partner with one another as a public promise of Hdac’s focus on security and a symbol of CertiK’s ability to support larger enterprise-level solutions such as Hdac’s.”
Friday aims to influence the decentralized application industry by introducing a PoS based blockchain that solves the “trilemma problem” on the Dapps ecosystem, the Internet of Things (IoT) service industry, and retail transactions and payment services.
CerkiK is a systems verification startup focusing on building trustworthy smart contracts and blockchain ecosystems. The security firm gained vast experience in the security of blockchains, having provided their auditing services to top crypto-based companies such as Huobi, Binance, and OKEx before.
Hdac, backed by giant car manufacturer Hyundai, partnered with CasperLabs in July 2019 to create a customized proof of stake consensus protocol. The company also raised $10 million in its plans to launch the Hdac tokens later this year and further the development of its blockchain project.
CertiK co-founder joins Hdac board
In a move to strengthen the partnership between the two companies, the co-founder of CertiK, Ronghui Gu, is set to join the Hdac advisory board to share and provide “insight for building more secure blockchain ecosystems”, the statement read.
Ronghui is a Ph. D. degree holder from Yale and currently works as an Assistant Professor of Computer Science at the Data Science Institute at Columbia University.