Distributed ledger technologies (DLT) are disrupting and transforming existing markets in multiple industries. However, in our opinion there are five fundamental obstacles to overcome before distributed ledgers can be widely accepted and adopted across every industry and geography. In this paper we will examine these obstacles, and discuss why Hedera hashgraph is ideally suited to be the worldβs first mass- adopted public distributed ledger, supporting a vast array of applications.
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Accredited investors and accredited crowdsale through SAFT
TOKEN GENERATION EVENT
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50 billion Hedera tokens generated and held in the Hedera wallet
GOVERNING COUNCIL MEMBER RECRUITMENT
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Leading, global companies across multiple sectors to govern the network, code base, set fees, and transaction costs
ANNOUNCE FIRST GROUP OF GOVERNING MEMBERS
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Several companies across different sectors and geographies
GOVERNING COUNCIL LEGAL AGREEMENTS
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Work with prospective governing members' legal teams to have LLC agreements signed
GOVERNING COUNCIL NODES
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First nodes in public clouds, transitioning to member hardware and data centers after best practice development
APIS AND EDUCATION
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Developers receive Hedera APIs for 3 services: cryptocurrency, smart contracts, and file storage<br />
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On-boarding education via Hedera developer portal
TOKEN DISBURSEMENT TO DEVELOPER COMMUNITY
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Dapp developers will earn tokens through a faucet program to test the network and to build dapps on the Hedera network<br />
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All developers go through KYC/AML process
TOKEN DISTRIBUTION TO BROADER COMMUNITY
TOKEN DISTRIBUTION TO BROADER COMMUNITY
OPEN-SOURCE WALLET SOFTWARE
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Hedera will open-source its mobile wallet and micropayment browser plug-in to make it easier for developers to build game-changing apps
HEDERA18
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Inaugural developer conference and decentralized hackathon to learn how to build dapps on the Hedera network
ANNOUNCE ECOSYSTEM FUND
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Accelerate number of dapps across multiple verticals being built on Hedera through a targeted fund
HEDERA NETWORK
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Many developers can build and run their app on the Hedera network
ACCOUNT CREATION
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Any user with an account can create new accounts for themselves or others
HEDERA NETWORK
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All developers can build and run their dapp on Hedera and any user can use it
HEDERA TOKENS RELEASED
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SAFT holders receive their initial distribution of tokens and tokens can be bought, sold, and used by developers and users for API calls
OPEN-REVIEW SOURCE CODE
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Hedera will open-review its source code, providing trust and transparency while inhibiting forking and the associated instability
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