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The opening day of the FIFA World Cup coverage from Russia was not only an exciting event but also a talking point for crypto enthusiasts as HDAC Hyundai Digital Asset Company’s TV ad featured blockchain technology.
The company, which successfully completed its initial coin offering (ICO) of $DAC tokens late last year, raised USD 258 million.
Blockchain is a technology that allows data to be recorded and distributed but not copied.
It was originally developed as the accounting method for the virtual currency Bitcoin, but can be applied to almost any kind of data in a wide range of industries, including finance, health care, music, real estate and government.
While many people think of blockchain as the technology behind cryptocurrencies like Bitcoin or Ethereum , its potential use extends far beyond digital currencies.
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Information is provided for educational purposes only and isn't investment advice. This article does not provide a recommendation to buy or sell any digital asset, nor is it an endorsement of particular coins/tokens by the author(s).
