What is Hetachain?

HetaChain is a brand new and innovative Blockchain platform that offers a wide range of user cases across government and business sectors as well as communities. It’s been developed to overcome numerous shortcomings of existing Blockchain platforms. The functionalities of HetaChain include scalability, security, flexibility, and speed.

How does HetaChain Eco-system work?

HetaChain implements side chains and connections to 2nd party off chain databases so that businesses can manage the size of their ledger. To maintain the security of the platform, only the main network of HetaChain is made public while the side chains can either be public or private to keep data secure. It also enables users to distribute Dapps on its Dapp Store. Applications built on HetaChain can be frozen or updated with a flexible role-based permission system. In addition, the use of Byzantine fault-tolerant delegated proof of stake (DPoS+BFT) system enables a higher number of transactions.

The people behind HetaChain

The reliability of HetaChain is assuredly backed by a team of industry experts such as Mr. Sultan Ali Lootah, who holds a strong background in Finance and entrepreneurship. As a business leader, he is successfully executing multiple roles while holding his position as Chairman and CEO of HetaChain. He is also a Managing partner of Vault Investments, Sultan Lootah Petroleum, chairman of Emirati – Norwegian chamber of commerce in Oslo, as well as the chairman of Vietgate General Trading. He is also a recipient of the Dubai Government Excellence Award for Best Distinguished Government Employee in 2006. His experience and expertise in the fields of business and finance promise a brighter future for HetaChain.

Apart from Mr. Lootah, the team of other co-founders includes:

• Mr. Duy Phuong Nguyen – Vice Chairman of Relam investment, and the CEO of MiG Consultant & Investment Management Joint Stock Corporation.
• Mr. Abdulla Ali Lootah – Board Member and partner in Relam investment. He is also the Vice Chairman & Partner in Vault investment. He is a highly motivated entrepreneur with B.S in Civil engineering from Arizona State University USA.
• Mr. Hong Phuc Do – Board Member and partner in Relam investment. He is also the Chairman and CEO of MiG Holdings, a Finance investment Company.
• Mr. Mohammad Ahli – Compliance Specialist at Federal tax authority with a sharp background in Finance.
• Mr. Ali Juma Alajme – IT director at Ministry of Health in Dubai
• Mr. Rajesh Gunani – the founder of AYS enterprises Private Limited which has interests in several real estates and SRA projects.
• Mr. Nagesh Ananth Prabhu – Co-founder & CTO of HetaChain as well as the Chief Program officer at Relam Investment.
• Mr. Abdullah Al Dabbous – Founder of Myfatoorah-A payment solution for businesses
• Mr. Mohammed Al Nakhi – Technical lead at BP
• And last but not least Mr. Norman Khan – CEO & Founding Partner at Aston Roth International.

 

The combined vision and expertise of the aforementioned professionals have led the formation of HetaChain. This aims to transform a wide range of industries including e-commerce, banking, healthcare, logistics, hedge funds, crypto exchanges, retail, transportation, stock trading, entertainment, education, HR, supply chain management, insurance, government and public records, energy management, business and corporate, libraries, and more.

On 10 October 2018 in Dubai, HetaChain signed a Memorandum of Understanding to Implement HETACHAIN and T-Hub at Fozhou High-Tech Park, China.

HetaChain ICO

Recently HetaChain completed its private sale with huge success and collected funding for $185.65 Million USD. The public sale is now live and on its way to reaching $520 Million USD. According to HetaChain’s spokesperson, a number of large organizations including finance, commercials, and government companies are approaching HetaChain to implement their technology into their system. This provides ample prospects for the company’s bright future.

Media Contact
Company Name: HetaChain
Contact Person: Press Executive
Email: Send Email
Country: Cayman Islands
Website: heta.org