HETACHAIN PROJECT ((ICO 2018))-A BLOCKCHAIN 3.0 PLATFORM

dprince2281 (5)in #dprince2281 • 6 years ago

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I welcome you all once again to this Wonderful CRYPTOCURRENCY NETWORK BLOG, as usual ! all of you know's, I always carry you along with any information about good crypto related projects through my blog.

INTRODUCTION:

Blockchain is a distributed database system that acts as an “open ledger” to store and manage transactions. Each record in the database is called a block and contains details such as the transaction timestamp as well as a link to the previous block. This makes it impossible for anyone to alter information about the records retrospectively. Also, due to the fact that the same transaction is recorded over multiple, distributed database systems, the technology is secure by design.

With the above in mind, blockchain is immutable – information remains in the same state for as long as the network exists.

Perhaps most significant development in IT over the past few years, blockchain has the potential to change the way that the world approaches big data, with enhanced security and data quality.

blockchain has the potential to change the way that the world approaches big data, with enhanced security and data quality just two of the benefits afforded to businesses using Satoshi Nakamoto’s landmark technology.”

When you talk about blockchain in the context of Bitcoin, the connection to Big Data seems a little tenuous. What if, instead of Bitcoin, the blockchain was a ledger for other financial transactions? Or business contracts? Or stock trades?

The financial services industry is starting to take a serious look at block chain technology. Oliver Bussmann, CIO of UBS says that blockchain technology could “pare transaction processing time from days to minutes.”

The business imperative in financial services for blockchain is powerful. Imagine blockchains of that magnitude. Huge data lakes of blocks that contain the full history of every financial transaction, all available for analysis. Blockchain provides for the integrity of the ledger, but not for the analysis. That’s where Big Data and accompanying analysis tools will come into play.

Recently, a consortium of 47 Japanese banks signed up with a blockchain startup called Ripple to facilitate money transfers between bank accounts using blockchain. The main reason behind the move is to perform real-time transfers at a significantly low cost. One of the reasons traditional real-time transfers were expensive was because of the potential risk factors. Double-spending (which is a form of transaction failure where the same security token gets used twice) is a real problem with real-time transfers. With blockchains, that risk is largely avoided. Big data analytics makes it possible to identify patterns in consumer spending and identify risky transactions a lot quicker than they can be done currently. This reduces the cost with real-time transactions.

In Industries outside of banking too, the main drive for adoption of Blockchain technologies has been security. Across healthcare, retail and public administration, establishments have started experimenting with blockchain to handle data to prevent hacking and data leaks. In healthcare, a technology such as blockchain can make sure that multiple “signatures” are sought at every level of data access. This can help prevent a repeat of events such as the 2015 attack that led to the theft of over 100 million patient records.

In reference with the motion of this article, Today! I will be presenting you a particular undisputed project called: HETACHAIN

WHAT IS HETACHAIN?

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Hetachain is a high performance 3rd generation blockchain built as an easy to use blockchain platform allowing the deployment of decentralized application. It is designed with a multichain system allowing for both private and public enterprises to leverage on the blockchain features thereby enabling a smarter and better society which is the next technological evolution of man dubbed the 4th Industrial Revolution.

Hetachain uses a hybrid consensus protocol (dPOS - BFT) thus ensuring super tight security of the Hetachain Blockchain.

Hetachain is a multichannel chain that has both the capacity of the public and private chains for an efficient business and management system transaction that is built for industry-level computational requirements that enable efficient processing. commercial applications and economic events.

Hetachain is the cornerstone layer in which the functional components of a modern intelligent industry are built upon intelligent, economic, human, government, environmental and living connections.

HETACHAIN FEATURES

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1.The intelligent and comprehensive connectivity allows for the seamless connection of all IoT electronics in the industry, thus enabling intelligent control of the industry's resources, allocating to less areas and restricting rich area.

2. Electronic governance is another functional component of an industry that requires the management and operation of the industry. Hetachain allows the creation of digital identities that allow unelected and impartial electoral systems in the industry through electronic voting. Here Hetachain through intelligent contracts automates the creation of digital voter registrations in that it removes the ability to vote much by one individual and manipulates the voting process thus ensuring true democracy. This numerical identity also reduces the crime rate, ensuring a safe and secure industrial environment.

3. Hetachain also through self-made contracts on its platform offers a new business prospect, allowing businesses to expand to a higher level but unimaginable by providing data. Proven and verifiable to grow and grow your business. It also enables the efficient exchange of economic value through the encoding of commodities and business assets.

4. Privacy and trust are one of the values of the HETACHAIN block which is indispensable to the real character. By providing both a private and public chain, HETACHAIN takes the position of protecting the privacy of individual transactions while proving publicly on public records of the public chain, facilitating for both business and social interaction.

5. By providing a smart, super fast and low cost framework for many applications of both personal and industrial applications, HETACHAIN is positioned as the cement that modern smart cities will be built into.

6. Smart subscriptions of citizens, jobs, property, businesses, medical records, research and development, etc. can be accessed, shared and edited easily, enabling intelligent interaction between components or elements of the industry.

7. By means of a decentralized, non-centralized ledger, HETACHAIN will be able to solve the problem of origin by ensuring that supply chain management is closely monitored to eliminate waste while protecting the right to property and intellectual.

ABOUT ETACHAIN

HETACHAIN is a super-fast DPoS + BFT hybrid blockchain network focused on addressing the age-long scalability dilemma and pushing forth a truly democratically governed platform built for industry scale transactions while also uniquely designed for private users. With its array of features integrating a blend of public and individual adoption-focused design through a multi-chain system, users can use HETACHAIN for both public and private blockchain preference.

The HETACHAIN ecosystem consists of smart contracts, Hetacoin, hot and cold Heta Wallets, Heta App Store, Blockchain feature-enablers and comprehensive solutions that enhance its applicability in smart banking, healthcare, e-commerce, trade, telecommunications, data management, investment, cash exchange, and remittance.

Network congestion, slow transactions, high network fees, and high-energy consumption have become synonymous with 1st and 2nd Generation Blockchain technology. HETACHAIN’s 3rd Generation Blockchain Technology addresses these by solving the problems of scalability, increased transactions per second and energy efficiency, and bringing Blockchain technology closer to mass adoption.

“We are driving the whole world into a new ecosystem. HETACHAIN will be your enabler, your society, your business and your social life. HETACHAIN is designed to be a diversified ecosystem crossing various sectors such as; finance, healthcare, retail, trade, transport and will always upgrade with the changes happening in our societies. The ecosystem is empowered with a 3.0 Blockchain technology, and through it we will provide our Smart Contracts, HetaCoin, Heta Wallet and other technologies.” Mr. Sultan Ali Lootah, Chairman and CEO of HETACHAIN said.

Hetacoin is aimed at becoming one of the most popular cryptocurrencies in the world, powered by the demand generated from the HETACHAIN Crypto-crowdsale ecosystem where users can launch their own ICO projects.

Tech experts believe that HETACHAIN will be a revolutionary influencer that will penetrate all sectors of our economy.

HETACHAIN ROADMAP

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Q1 & Q2 2018 Designing HetaChain Writting Whitepaper.

Q2 & Q3 2018 Mainchain development UI display blockchain data Wallet demo Hetachain ICO event HetaChain ICO private sale.

Q4 2018 HetaChain block explorer demo Hetachain test net (test version) HetaChain ICO public sale starting Listing HETA token on exchange Privatechain development.

Q1 2019 Web portal release Dapp development Smart contract development Wallet update (multi-Token) HetaChain test net launch.

Q2 2019 Prebuilt Dapp Auto create Dapp HETA fee calculation portal HetaChain block explorer(update) Hetachain mainnet (test version)

Q3 2019 Hetacoin Hetachain mainnet .

HETACHAIN TEAM & ADVISORS BOARD

HETACHAIN ICO ANALYSIS

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The ICO is a natural supplementary funding source to further accelerate the development and global adoption of the HETACHAIN PLATFORM

Hetacoin on internal Hetachain cipher currency used in mainchain network. Hetacoin is used as a means to pay for the use of Heta Blockchain services. When a user makes a coin or card transaction that has been made by Heta, then he must pay a definite Hetacoib coin. Also referred to with transaction costs. This mandatory fee makes Hetacoin valuable to the system. It can also prevent traders from flooding the network with unlimited micro-transactions.

When a user participates in a consensus process or mainchain and private chain, he will be rewarded with a certain Hetacoin. It is also referred to as awarding the user. The Konsensu Award for the level depends on the level of effort of the participants in the process.