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First third generation blockchain technology launched in Dubai

Relam Investment, an international investment company headquartered in Dubai, UAE, owned by local entrepreneur Sultan Ali Rashed Lootah, has announced the global launch of its third generation blockchain technology: Hetachain, which promises faster processing time and lower energy use.

Network congestion, slow transactions, high network fees, and high-energy consumption have become synonymous with first and second generation blockchain technology.

Hetachain's third generation blockchain technology addresses these problems with solutions such as much higher transaction processing speed, greater security and, as a result of both, ground-breaking scalability.

Built for both public and private blockchain users, Hetachain combines a super-fast delegated proof of stake (DPoS) and a Byzantine fault tolerance (BFT) hybrid blockchain network to deliver greater flexibility and industry-scale transactions.

"We are driving the whole world into a new ecosystem," stated Sultan Ali Lootah, chairman and CEO of Hetachain. "Hetachain will be your enabler, your society, your business and your social life. It is designed to be a diversified ecosystem crossing various sectors such as finance, healthcare, retail, trade and transport, and will always upgrade with the changes happening in our societies. The ecosystem is empowered with a 3.0 blockchain technology, and through it we will provide our smart contracts, HetaCoin, Heta Wallet and other technologies."

With its later launch planned for 2019, Hetacoin is aimed at becoming one of the most popular cryptocurrencies in the world, hoping this will enable greater adoption of blockchain technology.

"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," said Norman Khan, Hetachain's co-founder.

The global launch started in Dubai, and will proceed to London and Istanbul.