Relam Investment, the parent company of Hetachain, has launched T-Hub, an online trading and logistics platform to operate on the 3rd generation blockchain infrastructure; Hetachain.
The trading platform T-Hub is powered by Artificial Intelligence AI with a complete set of features that enables members to get access and perform all trading and logistics activities from a specific location embraced by an online portal where smart contracts help in embedding documentation.
T-Hub will become the world’s first 3rd generation blockchain platform that ensures the uninterruptible flow of commercial activities through the creation of the logistics hub. The platform also allows the economic exchange of products by utilizing an escrow system which ensures automated payments for the exchange of values are implemented. The nature of T-Hub ensures its flexibility, thanks to the fact that it can be created anywhere in the world with all the diverse segmented hubs connected together thus creating a worthwhile center for global economic exchange.
The one-stop portal, T-Hub involves parties which include but not limited to buyers, sellers, logistic providers, escrow agents etc. Firstly, they will have to register their details and obtain a password to access the portal after going through a tight user verification process.
By employing the escrow service, T-Hub ensures safe commercial exchange on the portal merely by releasing payment to the seller once the buyer has acknowledged receipt of his products. All these processes will be handled by smart contracts hence their correct execution and automation thereby eliminating human inadequacies.
In the speech by the Chairman and MD of Relam Investment, "it will change the way people carry out trading activities and with minimum or no human intervention" Sultan Al Rashid Lootah.
T-Hub, once fully operational, will redefine global e-commerce as it is implemented on the 3rd generation blockchain, Hetachain.
Hetachain - a foundation upon which smart industries can be built upon thanks to its being a high-performance blockchain with a hybrid consensus protocol (dPOS + BFT) - allows industrial scaling and the creation and deployment of decentralized applications on it. It possesses and offers a multi-chain blockchain design, allowing a blend of both public and private entities to utilize the disruptive features of the blockchain technology in making transactions and processes easier, better and smarter.
Sultan Ali Lootah, Chairman of Relam Investment and Hetachain in his speech at the launch said “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,”
By building a full-scale global commerce portal on the 3rd generation blockchain of Hetachain indeed an industrial revolution and being the vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai to embrace innovations
“We at Relam Investment are proud to bring tomorrow’s solution today"
Relam Investment welcomes you to the frontier of the Industrial Revolution 4.0
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