Why are cryptocurrencies implementing the real economy so slowly? Is blockchain really universal and useful, as it’s called in each ICO?
(Picture 1. The conception of Hazeian: a new step in decentralized trade*
Developers of Hazeian have created an open adaptive platform on the basis of blockchain for creating trading platforms, currency exchangers, and payment systems. An open API for techies and step by step instructions for ordinary users allow creating an online store in several hours.
What is Hazeian?
Creators of Hazeian offer a set of functions, from which can be made an online store, terminal for trading financial instruments, bank-client for payments, auctions, and even for hotel booking. Each resource based on the exchange of money or products can be launched on Hazeian with all “bells and whistles” such as ratings, personal accounts, comments, and discounts.
The system consists of eight blocks:
1. Marketplace is a platform for goods and services trading. The amount of commission for customers, additional services, terms of registration, payment methods are set by users, who also control the number of ads. A unique smart contract is in the center of the platform.
2. Advertisements are the contextual ads created by Hazeian clients or third-party developers. Duration and frequency of advertising, contributions for a store are set in a smart contract. Instead of single rates of GoogleAdWords there are individual ones. A store creator can build ads in or refuse of them at all on the platform.
3. Trades. The bargain of seller and customer is concluded with the help of a smart contract. All the details of cooperation (a product price, terms of supply) are encrypted, data becomes accessible to third parties after permission of both parties. Hazeian is an intermediary and a guarantor of execution of transactions.
4. Accounts are profiles of users, which are stored on a single server and are accessible to all trading platforms. Creators of Marketplaces can combine customers into groups, give them discounts, assign moderators of communities. Customers receive notifications about suspicious activities of their accounts, what brings about the possibility of fraud.
5. Secure Managing. Chat of seller and customer is encrypted, the access to data is given after the permission of participants of a transaction.
6. Feedback and Reputation is a system of feedback and rating, which is automatically checked in the blockchain. It makes fake assessments and “bought” opinions useless. Users receive a reliable evaluation of goods and services before the purchase.
7. Analytics is an embedded instrument for evaluation of business effectiveness. Creators of a trading platform can set a list of parameters or integrate other applications (Google Analytics, for instance).
8. Developer Resources. An open API for programmers and developers allows attracting third-party companies to work on the trading platform.
Picture 2. The architecture of the app: all trading platforms are connected by Hazeian connect and are managed by smart contracts
How does Hazeian work?
Three types of Ethereum smart contracts are in the core of the modular platform for trading platforms.
- Core Contract is a common contract for the development of one’s own trading platforms on the basis of process templates of Hazeian.** A user registers an Ethereum wallet, creates an account, and all the metadata of a future store is recorded in Core Contract.
- Market Contract is an agreement describing a concrete trading platform. A user states Escrow (a mediator and an arbitrator for the case of disputes with clients), requirements for registration of customer accounts, the amount of commission, terms of ads publication… Everything that is useful in the e-commerce.
- Escrow Contract is a smart contract escrow (trust storage of funds of sellers and buyers). Such an instrument protects parties of a transaction from fraud: extra commissions, delays of payment, the supply of low-quality goods and services.
Picture 3. Interaction of trading members through Hazeian Connect
How is the ICO of Hazeian going? What will be with the project next?
Creators of the project issued 200 million HZN tokens based on ERC20 standard at the price of 30 cents for 1 HZN. The ICO of the project started May 16, 2018, and will last until June 13, 2018, in total it is planned to raise $37,44 million. For participating in investment you must register beforehand, pass KYC, and deposit $20 thousand to each wallet (user account).
Issued tokens will be allocated in the following proportion:
● 65% of tokens will be sold during the ICO.
● 15% of tokens are for the team of developers of the project (funds are on the property for 18 months).
● 10% of tokens are allocated among founders and advisors.
● 5% of tokens will be listed on the referral program.
● 5% will be reserve funds.
((Raised funds are planned to be invested in four primary areas:((
● 40% will compensate costs of marketing and promotion of the project in the network.
● 30% - for the future development of the app.
● 25% - for the infrastructure of the platform.
● 5% - a compensation of other costs.
Ready MVP of the project was launched at the beginning of 2018, an open code and demo version of the app is accessible on the official website. At the end of 2018, the team is planning to issue the first edition of the app, at the beginning of 2019 will be accessible the second one. The beginning of 2020 will culminate in the release of dozens of platforms built using Hazeian.
Picture 4. Demo version of the constructor of the online platform
Whitepaper of the project has lots of technical details. The developers describe ready case studies for users (scenarios of building online services on Hazeian. The team has conducted a competitive analysis of the platform with successful eBay, Amazon, Airbnb, and other online giants.
Summary
The Hazeian project is a set of generics for creating an online service. Like Wix, the platform allows creating a ready-made solution in a couple of clicks, adapting the resource to the needs of business and ensuring security on the blockchain technology.
Why is the project good for investors? Due to its universality, detailed market research, and technical development work (Technical Paper and decade of examples of Hazeian implementation). Will the project succeed? The developers have already limited the number of investors by setting the threshold of $20 thousand and pre-registration. So great is the interest in Hazeian.
https://www.youtube.com/channel/UCK1-s_9hTIsZ0TG-99A2MeA
Website: https://www.hazeian.com/
WP: https://www.hazeian.com/resources/Hazeian+White+Paper+-+v1.0.1.pdf
TG: http://t.me/hazeianteam
TW: https://twitter.com/HazeianTeam
FB: https://www.facebook.com/hazeianteam/
Autor on BitTalk: https://bitcointalk.org/index.php?action=profile;u=1152502