Blockchain firm HDAC Technology Tuesday signed a memorandum of understanding with Todaq for business cooperation.

HDAC seeks to get blockchain-based financial management solutions, including asset management and transfer from the Canadian fintech company.

The two companies would hold a series of global hackathon competitions in South Korea, North America, and Europe to contribute to the development of blockchain ecology.

HDAC has teamed up with Hyundai BS&C and GX Healthcare in March to initiate a blockchain-based healthcare business. HDAC also partnered with India’s first blockchain project Eleven01 in April.