According to the report Machine-to-Machine (M2M) Connections Market by Technology (Wired, Wireless), Industry (Healthcare, Utilities, Retail, Consumer Electronics, Automotive & Transportation, Security & Surveillance), and Geography–Global Forecast to 2023, the overall M2M connectivity market is expected to be worth USD 27.62 Billion by 2023, growingat a CAGR of 4.6% from 2017 to 2023.
The IoT will further automate processes and increase efficiency, which will affect companies’ bottom lines. With embedded technology that can communicate conditions immediately, there can be great reductions in waste of perishable goods, materials lost to manufacturing issues, time lost to unexpected machine or system breakdowns, and energy consumption, resulting in cost savings. The increased access to data that can be gathered in real time can also lead to better and more timely business decisions.
Unfortunately, current state of the IoT market poses a number of issues in the field of network availability, infrastructure solutions, and network deployment areas.
IoT has already turned into a serious security concern that has drawn the attention of prominent tech firms and government agencies across the world. The hacking of baby monitors, smart fridges, thermostats, drug infusion pumps, cameras and even the radio in your car are signifying a security nightmare being caused by the future of IoT. So many new nodes being added to networks and the internet will provide malicious actors with innumerable attack vectors and possibilities to carry out their evil deeds, especially since a considerable number of them suffer from security holes.
Hdac is a network of IoT Contract, is a system composed of lots of M2M and algorithms. The system can get all the data from all the sensors and machines to know, for example, who and when enters the office, how much electricity you have consumed, what the environment makes you feel most comfortable, and other applications.
Hdac will make the facilities and things smarter and make people’s life more convenient. Not only machine to machine, but also humans to machine, machine to human, and so on.
Hdac is an IoT contract platform based on the blockchain, which not only exchanges but also can restrict the usage according to the purpose as it is ‘Smart Coin’ which controls the connected devices. IoT (Internet of Things) contract is a ‘Machine to Machine’ (M2M) service that controls all the devices. It is a concept expanded from the object of ‘Smart Contract’ to the ‘IoT Device,’ where the programmer, when creating a Smart Contract, shares the address of the device which will be controlled on the blockchain network through Hdac.
It will create machine-to-machine payment system, but, payments are not going to be limited there. But people will be able to use DACs as a currency in the places where it is accepted.**
