GEORGE TOWN, Cayman Islands--(BUSINESS WIRE)--StrongBlock (www.strongblock.io), a BaaS (Blockchain-as-a-Service) platform founded by four former technology executives from EOSIO-creator, Block.one, today announced it has signed a Memorandum of Understanding (MOU) with Hdac Technology (“Hdac”), a blockchain technology company, founded by Hyundai BS&C CEO Dae Sun Chung. An MOU signing ceremony took place in Foster City, California.
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The MOU outlines the technical and business cooperation of the two companies. StrongBlock and Hdac will jointly develop blockchain-based enterprise solutions and work together on business and development for select B2B projects led by either party.
Hdac Founder Dae Sun Chung said, “We expect our partnership with StrongBlock will help us to widen the spectrum of our enterprise blockchain solution offering so that we can achieve our goal of providing a scalable and reliable BaaS (Blockchain-as-a-Service) solution to our partners and clients to establish and operate their own blockchain-based services.”
“StrongBlock is the clear leader in BaaS. Our partnership with Hdac will accelerate the development of their promised blockchain platform. Our team helped build EOSIO, we coordinated the launch of EOS Mainnet -- the fastest and most-used blockchain mainnet on the planet -- and we have a working Delegated Proof of Stake (DPoS) flagship product,” said David Moss, StrongBlock Founder and CEO.
The Hdac Enterprise Blockchain Solution can be applied to various fields including construction, real estate, manufacturing, finance, and retail. Hdac has already completed two proof-of-concept blockchain projects, including a blockchain-IoT converged smart home solution that has already launched.
This new development is the first in a series of steps over the next 3 years that will enable the expansion and adoption of enterprise-grade blockchains by Hdac and StrongBlock. Both companies believe this partnership will prove the value and tremendous potential of blockchain technology to address diverse problems across multiple industries, and deliver the solutions detailed in the Hdac whitepaper.
About StrongBlock
StrongBlock’s mission is to empower enterprises to focus resources on using blockchain to solve business problems. StrongBlock founders, David Moss, Thomas Cox, Corey Lederer, and Brian Abramson, led the successful build of EOSIO as early technology executives at block.one. StrongBlock’s configurable, push-button blockchain protocol provides a combination of performance and features demanded by today’s global businesses, including account management, security, and governance. For more information, please visit www.strongblock.io.
About Hdac
Headquartered in Zug, Switzerland, Hdac Technology AG is a blockchain technology company founded by Dae-sun Chung, president of Hyundai BS&C. The company’s blockchain project ‘Hdac’ is a hybrid blockchain platform integrating public and private blockchains, which is designed as an architecture for enterprise purpose to process a variety of needs in diverse industry fields. The technology can be applied to smart factories, smart homes, smart buildings, and many other industries, allowing them to implement Transaction Innovation. For more information, please visit https://www.hdactech.com.
Updated Nov 26, 2020 | Same topic: Let's Drive Smart!
Worth to note the comprehensive list of LTO fines and penalties in the Philippines that Philkotse.com has prepared if you don’t want to pay any peso to the Police.
Imagine your driving along while feeling to your favorite song on the radio and suddenly realize that there’s a police car chasing. “Fun is over! Driving is not a game anymore”, you said to yourself. Keep calm because you may receive a ticket.
For all of the drivers, we may get a ticket for breaking traffic rules some times. And if you are driving in the Philippines, there's a great opportunity that you will be subjected by the Land Transportation Office (LTO) for violating one (or two) of their rules and regulations.
Be a wise driver and avoid these expensive violations. Worth to note the comprehensive list of LTO fines and penalties in the Philippines that Philkotse.com has prepared if you don’t want to pay any peso to the Police.
I. LTO Violations fee relative to Licensing
1. Driving without license in the Philippines
LTO Fine: Php 3,000
Think carefully before starting your drive without the license card. You will get a ticket with the LTO violation fee costs up to Php 3,000 for an expired, suspended or revoked driver’s license.
So remember to get your renewal of driver’s license done in time to avoid LTO penalty.
2. LTO penalty for not wearing seatbelt in the Philippines
LTO Fine:
- First violation: Php 1,000
- Second violation: Php 2,000
- Third violation: Php 5,000
The seat belt law Philippines is applied for both drivers and the passengers. Important to note that, having 6-year-old children on the front seat without a seat belt, drivers also have to pay for the ticket.
Wearing a seatbelt while driving not only keeps you safe but also helps you avoid LTO penalty
3. Driving under the impact of alcohol/dangerous drugs
LTO Fine: Php 5,000
Added to the LTO violation fee, motorists who drive after drinking alcohol or using drugs may get a twelve-month driver’s license suspension (implemented for non-professional driver’s license) in the first time.
For people who are holding a professional license shall be canceled the license constantly for the first offense.
Driving after drinking beer or alcohol can cause a serious road accident
4. Careless driving
- First conviction: Php 2,000
- Second conviction: Php 3,000
- Subsequent conviction: Php 10,000
All drivers should keep in mind to turn on the signal lights when changing lanes, but sometimes they are too lazy and reckless when the roads are free. Failure to traffic signs can lead to serious accidents or the chances of getting a ticket.
Therefore, this regulation encourages drivers to operate a vehicle carefully when entering the highway, and pay much attention to the visibility and quality of the road as well as the weather condition. so as not to threaten the safety or the right of third party people.
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5. Other LTO violations and penalties for breaking traffic rules
LTO fine: Php 1,000
It is applied in case of the common traffic violations. For example:
- Illegal parking fine
- Disobeying traffic lights
- Driving in the prohibited roads
- Failure to darken the headlamps
- Illegal turn or overtaking
7 tips to avoid LTO violations
Remember that these following LTO violations fees have their validity and effect in most cities in the Philippines. But for some special case, such asQuezon city traffic violation fines are implemented under under Ordinance No. SP-2337, S-2014 as amended by Ordinance No. SP-2516 S-2016
II. LTO Fines and Penalties connected with car registration/renewal
1. Driving without valid vehicle registration
LTO Fine: Php10,000
The LTO violation covers the case of driving with an unregistered motor or the LTO penalty for expired registration.
2. Driving an illegally modified car
LTO fine: Php 5,000
Don’t make any change or modifications to the part of your motor such as car cover, car window tinting ... without registering with the LTO office. Otherwise, you have to pay fine while driving it.
3. Running a right-hand car
LTO fine: Php 50,000
According to the Republic Act No. 8506, it is prohibited to operate a right-hand steering wheel motor vehicle in both public and private road in the Philippines.
A right-hand car seems cool but you can get an LTO ticket, costs up to Php 50,000
III. LTO Fines and Penalties in connection with vehicles accessories, equipment, parts.
1. Driving a car without proper/authorized devices, equipment, accessories or car part
LTO Fine: Php 5,000
This LTO violation is implemented for vehicles parts includes:
- Brake system
- Car light system: headlights, sidelights, interior lights...
- Blinkers
- Warning devices
- Horns
- Other accessories, equipment that may endanger road safety
2. Operating a car with an improper attachment/unauthorized of motor vehicle license plate
LTO Fine: Php 5,000
Any action of attaching or tempering any improper stickers or illegal license plate in any visible position on the cars are prohibited.
3. Smoke Belching
LTO office stipulates the standard emission gasoline of each vehicle. If the car does exceed the allowed volume, the drivers may suffer the following fines:
- First offense: Php 2,000
- Second offense: Php 4,000
- Third offense: Php 6,000
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4. Other related LTO violations
LTO Fine: Php 2,000
For the complete list of LTO violation implemented in the Philippines, check out the LTO fines and penalties 2018 pdf.
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