Eleven01 partners with Hdac Technology to deploy blockchain

Eleven01 has announced to work in partnership with Hdac Technology to improve the potential and implementation of blockchain technology. Hdac Technology is a blockchain technology company founded by CEO of Hyundai BS&C, Dae Sun Chung. The company is working towards becoming a highly-reliable blockchain network allowing for a convenient use of the IoT and blockchain-based services.

The aim of the Hdac team is to make the experience of blockchain technology less complicated for both enterprise and consumers. Essentially, they are working towards delivering more efficient blockchain solutions integrated with IoT, AI, Big Data, FinTech, and Cloud.

The partnership between the two teams will hover around exploring the incubation, investment, and development opportunities in blockchain and related areas.

Michael Yun, CEO - Hdac Technology, says, “Partnering with the team behind India’s first native blockchain protocol is an opportunity that gives us access to explore the blockchain potential in India. We are excited to be a partner in the Blockchain District which has great potential to be the largest development ecosystem in blockchain.”

Ausaf Ahmad, CEO - Eleven01, says, “Working with a knowledgeable hub as HDAC is a wonderful opportunity. We will utilize this partnership to increase the blockchain related knowledge sharing in the Indian market. In addition to that, we will offer our assistance to Hdac to traverse through the start-ups landscape that offer intelligent blockchain-based solutions resulting in growth opportunities for all stakeholders.”