Hyundai is reportedly going to release a blockchain ecosystem, via its European subsidiary Hdac, with its IT-focused division Hyundai BS&C, following its registration of three business trademarks with the Korea Intellectual Property Office.
Specifically, Chung Dae-sun – head of Hyundai BS&C – reportedly submitted application to the intellectual property agency, for the brand name Altum, Atolo, and Rizon. Each application reportedly comes with a description “electronic wallets that can hold cryptocurrencies”.
Hyundai reportedly has not disclosed specifics regarding the conglomerate’s intentions across the blockchain sector.
The insights from the recent trademark submission reportedly showed that the firm looks to offer services, nominally crypto trading, crypto ATMs, crypto-related hardware, software, crypto issuance, and sales.
The first reports reportedly revealed that these services potentially come with fundamental features needed for a Proof-of-Stake, or PoS, ecosystem, such as Dapp, storage, and transmission.
Simultaneously, CertiK – a blockchain auditing agency – reportedly formed an alliance with Hdac, following the finalization of an audit on Hdac mainnet’s design, generally referred to as “Friday.”
“Because of their [Hdac’s] future plans, we decided it would make sense to formally partner with one another as a public promise of Hdac’s focus on security and a symbol of CertiK’s ability to support larger enterprise-level solutions such as Hdac’s.” Connie Ngo, marketing manager at CertiK, reportedly remarked.
The car manufacturing giant from South Korea has reportedly investment resources in reinforcing blockchain adoption throughout its business line since 2019.