Cryptoworld: HetaChain a Blockchain Platform for the Smart Economy

About HetaChain

Blockchain platforms have exploded in popularity over recent years – but how many are solutions that don’t work, for problems that don’t exist?

Instead of focusing on technology, we asked our business partners about the challenges they face. Then we surveyed the state of the art in blockchain and chose the solutions that best addressed those challenges.

The result is HetaChain: a blockchain with broad applications across government, business, and communities.

Scalable
one-block at one moment, the info stored onto a block-chain develops without a upper jump to document measurement. We employ unwanted chains and relations with 3rd-party offchain databases, so and so businesses could take care of the magnitude of these ledger.

Secure
Only Hetachain’s main network is necessarily public. Our side chains can be either public or private, ensuring data is kept confidential when the need arises.

Flexible
Distributed applications built on Hetachain can be frozen or updated with our flexible role-based permission system, making it easier to develop for our platform. Dapps can be distributed in our Dapp Store, or quickly put together using our drag-and-drop Dapp Builder.

Fast
We use a Byzantine fault tolerant, delegated proof of stake (DPoS+BFT) consensus model to provide a high number of transactions per second without compromising security. We plan to have a limit of 33 delegate nodes to keep consensus time low.

Understanding Problems Before Building Solutions

Many blockchain projects promise to ‘revolutionize’ or ‘disrupt’ industries with new, yet to be developed technologies. This is the last thing we want to do!

At Hetachain, we’ve focused first on building a network of businesses willing to adopt blockchain technologies. Then we asked them what features it would need to have, and assembled the best set of currently existing technologies that provide those features. We want evolution, not revolution.

Heta Protocol

A Multichain Platform
Hetachain’s sidechains allow you to easily deploy an enterprise blockchain, hosted however and wherever you want.

Our Bridge Protocol allows you to securely submit data to the main chain for verification, paying HETA tokens for this service.

In practice, this allows you to move your application to its own blockchain so it benefits from the full speed of the network, without sharing resources with other applications. At the same time, you benefit from the immutability and infrastructure our public Main Net provides.

Our main network will be able to run smart contracts written in C++, Solidity and others. This means there is already an established community of developers and documentation to get started building your application.

Global Network
Through our strategic partnerships with investment companies, we’ve inherited relationships with their subsidiaries. This is an opportunity to build a platform that spans multiple industry verticals including government, retail, payment, insurance, F&B, and real estate.

Business Optimization
By tapping the expertise of our global network, we will build a blockchain platform that provides a rich set of solutions that apply to a wide variety of businesses.

Partnerships
Our network across multiple industries provides us with committed early adopters of our platform, solving the chicken-and-egg problem in platform development. In other words, we’ve already attained the critical mass required for a strong business ecosystem on Hetachain

HETA Token

HETA is the native token of the HetaChain Main Network. All network usage fees are paid in HETA.

Transaction fees on Hetachain are paid when sending HETA, when sidechain data needs to be validated by the main network, or when smart contracts need to be called on the main network.

HETA is received by users if they participate in the consensus or validation process of either the Main Network or one of the sidechains. These processes are distinct due to our use of delegated proof of stake.

The fees and reward for validation will depend on the amount of processing required, to ensure all sidechains can obtain fair use of the main network.

Roadmap

Q1 & Q2/2018
Design HetaChain architecture ,Draft HetaChain whitepaper

Q2 & Q3/2018
Testnet development ,Block Explorer development Wallet MVP HetaChain ICO private sale

Q4/2018
Revised Whitepaper ,Block explorer public demo Testnet complete Side chain development HetaChain ICO public sale

Q1/2019
Test net public launch Web portal public release Dapp development (for Dapp Store) Smart contract development Wallet update (multi token support) Listing HETA token on exchange

Q2/2019
Launch Dapp Store Drag and drop Dapp Creator HETA transaction fee calculator Block explorer (update) Mainnet complete

Q3/2019
Side chain development complete HetaChain Mainnet public launch

Team

Co-founding Board

Mr. Sultan Ali Lootah - Co-founder, Chairman & CEO

Mr. Duy Phuong Nguyen - Co-founder, Vice-Chairman & COO

Mr. Abdulla Ali Lootah - Co-founder

Mr. Hong Phuc Do - Co-founder & CSO

Mr. Mohammad Ahli - Co-founder

Mr. Ali Juma Alajme - Co-founder

Mr. Rajesh Gunani - Co-founder

Mr. Nagesh Ananth Prabhu - Co-founder & CTO

Mr. Abdullah Al Dabbous - Co-founder

Mr. Mohammed AlNakhi - Co-founder

Mr. Norman Khan - Co-founder

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