Dubai-based RELAM Investment on the 12th of September 2018 officially announce the launch of its blockchain infrastructure dubbed HETACHAIN, a third generation blockchain set to conduct its ICO in the last quarter of 2018.
Hetachain, a comprehensive distributed ledger platform, coordinating DPoS + BFT hybrid consensus algorithm blockchain network focuses on addressing the agelong scalability trilemma, which has prevented most existing public networks from attaining mainstream, is conceived to push forth a truly democratized blockchain network. Built for multiple-industry scale transactions while also uniquely designed for private users with its array of features, Hetachain offers a blend of public and individual adoption-centered design through a multi-chain system, allowing both public and private users to build on its infrastructure depending on their needs and preferences.
Relam Investment L.L.C., an investment company based out of Dubai and led by a team of industry professionals with deep insights and hands-on experience on several sectors including Healthcare, Energy, Technology, Agriculture etc., was founded in 2018 through a partnership between Vault Investments L.L.C a Dubai-based diversified investment company established in 2012, and MIG Holdings (An investment group based in Vietnam). The partnership is aimed to expose both companies to a wider investment opportunities and expand the scope of investments geographically through a mixture of sector investment approaches. Relam implements investments not only in Vietnam, Thailand, but also in U.A.E, Middle East, The United Kingdom, Turkey, the Far East, and South East Asia. Adding HetaChain to its list is just a clear testament of its commitment to impacting the global business economy through cutting-edge technological innovations and pushing itself into the ongoing 4.0 IR.
The inefficiencies of current blockchain networks such as slow transaction processing, huge energy consumption, security flaws as well as the lack of confidentiality to both Public and Private enterprises economic exchange proves to be the major reasons for the conception of Hetachain. Relam Investment has decided to tackle these problems head-on by launching their own Distributed Ledger Technology (DLT) network named Hetachain. Hetachain offers solutions through its high-performance across multichain network, secured by dPos & BFT hybrid consensus protocol making it one of the most secured blockchain network.
Sultan Ali Lootah, Chairman of Relam Investment and Hetachain in his speech at the launch says “HetaChain is building the most powerful infrastructure for other private blockchains as well as for 3rd parties' decentralized applications globally, which should facilitate our real world of businesses on top of blockchain technology. That means Hetachain makes the 4.0 industry revolution comes true, in real life,”
An invested Blockchain 3.0 infrastructure by RELAM Investment, Hetachain, announced at the launch event in Dubai on the 12th of Sept 2018 its plans to conduct an Initial Coin Offering- ICO which is scheduled to commence in the last quarter of 2018.
“An ICO is a highly exciting venture which allows people to invest in unique opportunities like Hetachain. The Hetachain ICO will fully support and engage with companies and people who will positively change the world. I'm looking forward to working with revolutionary influencers and disruptors." Norman Khan, co-founder, Hetachain.
The current technological sphere is filled with a wide range of interconnected devices requiring large-scale security, fast and energy cost-effective medium through which to communicate with each other and Hetachain being the next generation of Blockchain Technology is adequately more than suitable to tackle these issues. Furthermore, Hetachain is heading to “less code, less cost” so as to maximize Blockchain system performance and optimize benefits for both end-users and developers.
Connect to HETACHAIN on various medium.
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