# Hyundai-backed Hdac Technology teams up with blockchain startup CasperLabs

By Shampa Mani

Canonical URL: https://www.tokenpost.com/news/technology/2548
Published: 2019-07-09T05:05:43.000Z
Updated: 2019-07-09T05:05:43.000Z
Section: Technology

> Hyundai-backed blockchain firm Hdac Technology has signed a memorandum of understanding (MOU) with blockchain startup CasperLabs, CoinDesk reported.

Hyundai-backed blockchain firm [Hdac Technology](<https://www.hdactech.com/en/index.do>) has signed a memorandum of understanding (MOU) with blockchain startup [CasperLabs](<https://casperlabs.io/>), CoinDesk reported.

Under the MOU, the firms will work together to explore and develop consensus mechanisms and seamless integration between the Hdac and CasperLabs blockchains.

Hdac discussed the new protocol upgrading the proof mechanism from PoW to PoS with [@VladZamfir](<https://twitter.com/VladZamfir?ref_src=twsrc%5Etfw>) from CasperLabs, The two are sharing the same issue and will continue their cooperation to solve technical problems.[#blockchain](<https://twitter.com/hashtag/blockchain?src=hash&ref_src=twsrc%5Etfw>) [#CryptoChicks](<https://twitter.com/hashtag/CryptoChicks?src=hash&ref_src=twsrc%5Etfw>) [#CasperLabs](<https://twitter.com/hashtag/CasperLabs?src=hash&ref_src=twsrc%5Etfw>) [#VladZamfir](<https://twitter.com/hashtag/VladZamfir?src=hash&ref_src=twsrc%5Etfw>) [pic.twitter.com/4kj0jjSJwq](<https://t.co/4kj0jjSJwq>)

— Hdac Technology AG (@hdactech) [June 3, 2019](<https://twitter.com/hdactech/status/1135367229212512256?ref_src=twsrc%5Etfw>)

The partnership is aimed at ensuring scalability while maintaining decentralization. The initial focus of the collaboration will be on the joint technology development of consensus mechanisms.

“Many implementations have come with some flavor of compromise to decentralization and we aim to provide full decentralization alongside permissionless access,” said Mrinal Manohar, CEO of ADAPtive Holdings Ltd., parent company of CasperLabs.

Headquartered in Wyoming, CasperLabs is currently working on a Pure Proof of Stake blockchain, which is based on the research by Vlad Zamfir, CasperLabs lead CBC-Casper architect and Ethereum researcher.

Hdac is a hybrid blockchain technology company that supports both private and public blockchains. It currently has its own production Proof of Work blockchain.

The company has been engaging in blockchain-based global business since its establishment of its headquarters in the crypto valley in Zug, Switzerland in October 2018 by Dae-Sun Chung, the CEO of Hyundai BS&C. This includes collaboration with Israeli blockchain startup Orbs, Canadian fintech firm [TODAQ](<https://tokenpost.com/Hyundai-backed-Hdac-Technology-teams-up-with-TODAQ-on-blockchain-research-and-development-2024>), and the first blockchain project of India Eleven01, among others.

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## Links in this article

- [Hdac Technology](https://www.hdactech.com/en/index.do)
- [CasperLabs](https://casperlabs.io/)
- [@VladZamfir](https://twitter.com/VladZamfir?ref_src=twsrc%5Etfw)
- [#blockchain](https://twitter.com/hashtag/blockchain?src=hash&ref_src=twsrc%5Etfw)
- [#CryptoChicks](https://twitter.com/hashtag/CryptoChicks?src=hash&ref_src=twsrc%5Etfw)
- [#CasperLabs](https://twitter.com/hashtag/CasperLabs?src=hash&ref_src=twsrc%5Etfw)
- [#VladZamfir](https://twitter.com/hashtag/VladZamfir?src=hash&ref_src=twsrc%5Etfw)
- [pic.twitter.com/4kj0jjSJwq](https://t.co/4kj0jjSJwq)
- [June 3, 2019](https://twitter.com/hdactech/status/1135367229212512256?ref_src=twsrc%5Etfw)
- [TODAQ](https://tokenpost.com/Hyundai-backed-Hdac-Technology-teams-up-with-TODAQ-on-blockchain-research-and-development-2024)
- [Donate](https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=GD9D8CPW8HFA2)