Building the Smart Industries on Hetachain platform.

ty4sure (7)in #ico • 6 years ago

About the project

Hetachain is a revolutionary “hybrid” network of blockchains which intends to resolve the issues and create a high-performance blockchain which is scalable, facilitates easy, smart contract creation and easy to use by end users. This is achieved with a hybrid consensus mechanism that is based on the Delegated Proof of Stake (DPoS) and Byzantine Fault Tolerance (BFT).
There is a great rush towards “utopian” urbanization and this rush comes with its unique increasing societal issues. As the number of urban residents increases so do the challenges of effective management and governance increase also. The challenges and the need for human society to be better in face of newer technologies is one of the driving force behind the concept of Smart Industries.

The concept of a smart industry once thought considered to be a distant actuality by man is fast becoming an easy feat with the advent of newer technological innovations, the results are becoming a life fact with regions such as Estonia giving her citizens the through benefits of implementing a smart industry solution, not to mention the crypto averse China also. But with every new frontier comes its own peculiar limitations. An industry smart in its sense is such that allows seamless communication of economic resource centers positioned to allow easier lifestyles of the economic activities engaged in it.

The blockchain technology with its impeccable use case amongst varied industrial applications is seen as the ideal foundation upon which modern smart industries is to be built in comparison with other technological innovations, dragging emphasis on privacy, micro-transactions amongst IoT devices, transportation, e-governance etc.

Building such a network of interconnected devices and services across an industry would require a large digital infrastructure which the blockchain has not only made available at a less cost but also with greater efficiency. The current touted “commercial blockchain platforms” have proven weak to meeting with these requirements hence the need for an evolution in Blockchain technology prompting the Blockchain 3.0 evolution of which HETACHAIN is the frontier.

HETACHAIN is a multi-chain blockchain network having both Public and Private Chain capabilities for an effective business and governance system transactions built for industry-grade computational requirements which allow the efficient handling of commercial applications and economic events.

The Hetachain Blockchain is the foundational layer upon which the functional components of a modern smart industry are to be built upon such as smart connections, economy, people, government, environment, and living. These components are as a result of fundamental features built, or are a basic to be seen in the society of which are:

Smart and all-encompassing connectivity which allows the seamless interconnectivity of all IoT electronic devices in the industry thus allowing for a smart control of the industry’s resources, allocating to areas of less and restricting from areas of abundance.
E-governance is another functional component of a industry which is imperative for the management and administration of the industry. HETACHAIN enables the creation of digital identity which permits the trustless and fair electoral systems in the industry through e-voting. Here HETACHAIN through smart contracts automates the creation of digital voters’ registry wherein it eliminates the possibility of multiple voting by an individual and the manipulation of the voting process thus ensuring true democracy. This digital identity also thus reduces the rate of crimes, ensuring a safe and secure industry environment.
HETACHAIN also through self-executing contracts on its platform provides a new business outlook thus enabling businesses to scale unto higher levels yet unimaginable by the provision of proven and verifiable data imperative for business growth and development. It also permits the efficient exchange of economic value through the tokenization of business commodities and assets.
Privacy and trust are one of the values of the HETACHAIN Blockchain of which is indispensable to true personage. By offering both its private and public chains, HETACHAIN is positioned to protect the privacy of private individual transactions while proving public on its public chain communal records thus enabling a trustless milieu for both business and social exchange.
By the provision of a smart, ultra-fast and low-cost framework for multiple applications of both personal and industrial applications, HETACHAIN is positioned to be the cement upon which modern smart cities are to be built upon.
Smart registry of citizens, jobs, assets, businesses, medical records, research and development etc which can be accessed, shared and edited easily thus allowing for smart interactions between components or elements of the industry.
Through its ironclad immutable decentralized ledger of things, HETACHAIN will be able to address the issue of provenance problems by ensuring the supply chain management is closely monitored ridding it of wastage while also protecting intellectual property rights.
Roadmap

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)