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Category Archives: Crypto Security Solutions

Hyundai “goes crypto”: President Dae-Sun Chung announces plans for the company’s first token generation event

Zug, Switzerland, November, 2017—  HyundaiPay in cooperation with Hdac Technology AG, the multinational corporation based in Switzerland, announces today its plans to hold a TGE (Token Generation Event), aiming to bring blockchain technology to IoT payment platforms and secure transactions amongst connected devices. Hdac Technology and Hyundai, specifically HyundaiPay are always looking for new and innovative technology to incorporate into their products, and the joint TGE will protect IoT devices and their users from hacks, privacy invasion, and external threats, especially for payments and transactions. Hdac technology and Hyundai Pay will hold a TGE for the HDAC token on November 27th. The TGE will run on the Hdac blockchain, a separate entity apart from Bitcoin and Ethereum, which is maintained by the Hdac Technology group.

The Internet-of-Things (IoT) is making a visible and immediate impact on the tech industry these days, and will be worth $270 billion by 2020. Connected devices, homes, and vehicles can already be found in advanced countries, and as anyone with experience in the industry knows, the complexity of ensuring safe financial transactions, is close to impossible. Consider the security challenges involved in safely making an online payment on your phone in a public place. The vulnerability of security breaches is very high between connected devices. There is high-security risk for office buildings, large convention centers, or even a connection home that is transferring data constantly throughout the day.

A network of economies and payment platforms in the IoT have to integrate blockchain into their system in order to offer integrity and confidentially to their users, and to revoke the mystery behind this futuristic solution for security failures. Integration of blockchain technology will solve various issues in terms of security in IoT:

Interconnected security risks: IoT devices are all connected, if one node on this network becomes compromised, this puts the whole fabric at risk.

Different security protocols and requirements of each device: These differences make integration slow and difficult at times.

Many points of failure exist, which makes monitoring a wide network of IoT devices at best difficult, at worst impossible.

Developments in blockchain technology enable greater transparency and trust, especially regarding payments, and can help secure all those self-driving cars, smart home devices, and even your FitBit that have flooded the industry in recent years.

The goal of Hyundai BS&C and Hdac Technology’s TGE is to support the continuing development of the Hdac blockchain, as blockchain technology has the ability to greatly enhance the security of the IoT. Hdac, which runs separately from the Ethereum and Bitcoin protocols, is based on hybrid blockchain technology, which offers a wider range of capabilities to ensure reliable connection and secured processing between devices. Hyundai will work to apply this pioneering platform to hardware payments applications and to enhance both their security and reliability.

Blockchain technology is the only way to achieve the level of security that Hdac technology and HyundaiPay aim to achieve. The Hdac blockchain addresses security issues by providing immutable information on top of smart contracts. It makes the automated security and transparency principles application over the platform, in a possible way that was previously impossible to guarantee.

“We are thrilled to hold a TGE in order to bring security and transparency to IoT devices,” said  Dae-Sun Chung, Founder of Hdac Technology AG, “With more IoT devices hitting the market daily, our lives become more connected. Although there are many benefits to this, we open ourselves to great security risks. Blockchain technology, and special the Hdac blockchain, is the best way to leverage trust, transparency, and security on IoT.”

SIRIN LABS Launches a Crowdsale Event to Develop Secured Open Source Consumer Electronic Devices for the Blockchain Generation

Switzerland – September, 2017 — SIRIN LABS, developer of the SOLARIN ultra-secure mobile phone, is launching a crowdsale event this October. The company aims to raise money in an uncapped crowdsale to support the development of FINNEY™, the first open source, secure smartphone and all-in-one PC, that runs on a fee-less blockchain.

The current generation of smart devices compromise user security, increasing their risk for fraud and exposure to cybercrime. SIRIN LABS is ready to utilize the core technology of SOLARIN and re-engineer it to the crypto crowd, by offering the only smartphone in the world that’s fully secure and safe enough to hold cryptographic coins.

The FINNEY™ family of devices will be the first of their kind to be specifically designed for the needs of the blockchain generation, combining an ultra-secure blockchain-enabled environment, with the functionality and essentials of Android™ OS.

FINNEY™ devices will maintain the sleek, hallmark design of SIRIN LABS’ SOLARIN, but at the fraction of the cost, and in an ultra-compact form factor.

Starting at ~$999 for the smartphone and $799 for the PC the FINNEY™ smartphone and all in one PC will offer a state of the art design, and functionality for crypto enthusiasts. Only SRN token holders will be able to purchase FINNEY™ devices and services. The blockchain features and cyber protection suite will include:

Shield OS™ :

  • Secure P2P resource sharing
  • Built-in cold-storage crypto walletFast, fee-less, blockchain

SIRIN LABS Cyber Protection Suite:

  • Behavioral based Intrusion Prevention System (IPS)
  • Blockchain based, tampering proof verification
  • Physical security switch (for wallet protection)
  • Secured communications (VoIP, text, email)
  • Three-Factor authentication: Biometric, Lock Pattern, Behavioral

Technology Specs

  • 5.2-inch QHD display
  • 256GB of internal memory storage
  • 8GB RAM
  • Wi-Fi 802.11ac
  • BT 5.0
  • 16MP main camera
  • 12MP wide-angle front-facing camera

The FINNEY™ devices will run on a SIRIN LABS operating system that will be designed to support inherent Blockchain applications, such as crypto wallets, secure exchange access, encrypted communications, as well as a P2P resource sharing ecosystem for payment and apps, all supported by the SRN token. The SRN token will be the FINNEY™ BLOCKCHAIN network’s default currency.

All FINNEY™ devices will form an independent blockchain network, a distributed ledger that is scalable and lightweight, powered by the IOTA’s Tangle technology. It will be free of centralized backbones or mining centers, and capable of providing fast, fee-less and secure transactions.

“SIRIN LABS understands that the world can’t truly embrace digital economy without a paradigm shift in device architecture that will enable true security, without compromising user experience,” says Moshe Hogeg, CEO and Founder of SIRIN LABS. “We’re paying close attention to the feedback we’ve received for SOLARIN, and while SOLARIN is still being sold and serviced, we decided to take the core offering and to wrap it with a new sleek design that’s a fraction of the cost, so it can serve the crypto community, and their growing need for enhanced security.”