Hyundai IT Arm Backs Token Sale to Revolutionize the Internet Of Things

[kreslik.news]

Hyundai BS&C, the technology arm of the South Korean automobile giant, has announced plans to hold a token sale to accelerate the ambitious development timeline of a new blockchain designed specifically for the Internet of Things (IoT) space.

HyundaiPay is teaming up with Switzerland-based fintech firm Hdac Technology AG to bring blockchain’s strong protections against data tampering to IoT payment platforms, thus secureing transactions amongst connected devices.

The Hyundai Group subsidiary has announced the first round of the Token Generation Event (TGE), which is to commence on November 27th. The company has already secured around $100 million just after concluding its pre-sale ... (read more)