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Auditing firm CertiK and HDAC are collaborating to bring Internet of Things (IoT) devices to a blockchain.
Hdac’s blockchain platform attempts to combine secure authentication, seamless mapping and machine-to-machine transactions in a blockchain network with IoT devices. CertiK’s team of blockchain engineers worked closely with HDAC to verify the design and implementation of its code base, which is expected to be released in the near future, the companies told CoinDesk on Friday.
HDAC had previously used CertiK to verify its code base, where the security firm learned of HDAC’s plans to build blockchain solutions, a spokesperson for CertiK said. This led the company to seek a formal partnership. A codebase is a collection of source code used to build software systems and serves as a general repository.
“Because of them [Hdac’s] future plans, we decided it would make sense to formally collaborate with each other as a public promise of HDAC’s focus on security and a symbol of CertiK’s ability to support larger enterprise-grade solutions like HDAC, “said Connie Ngo, CertiK Marketing Manager in an email.
In addition to their formalized partnership, CertiK co-founder Ronghui Gu will join the advisory board of Hdac.
Hdac Technology AG is headquartered in the crypto-friendly region of Zug, Switzerland, and was founded by Hyundai BS&C CEO Dae-sun Chung. Hyundai BS&C is an independent IT and construction company that has no legal connection with the automotive company Hyundai Motors.
The security firm is best known for receiving “millions” of dollars from the Binance blockchain and cryptocurrency incubator Binance Labs in October 2018. Hdac, on the other hand, has entered into a strategic partnership with blockchain startup CasperLabs to jointly research and develop consensus mechanisms and seamless integration between HDAC and CasperLabs blockchains in June last year.
