HitChain

HitChain is a decentralized developer autonomous community developed, by the developers, for the developers. It is built to value developers' works with a transparent credit system using blockchain technology. This platform seeks to offer developers to automatically redeem the value of innovation and creativity with currency value and currency right. Being a self-governed system, the platform aims to make sure that each member has the right to participate in the community's decisions.

HitChain is a decentralized platform that seeks to embrace autonomy, democracy, transparency, and fairness without any third-party or centralized supervision. HIT token is an Ethereum-based ERC-20 token. ERC-20 can be traded for HitChain Token (HIT Token) at a one-to-one ratio once HitChain is operational.

The HitChain platform came into existence when it was observed that most hardworking developers could not earn from their contribution. Open-source is revolutionizing the software industry, and more and more companies such as IBM and Google are adopting this field. Open-source developers are the main force behind this movement. Even after all this, the developers are still at the farthest end in the value chain of the tech industry.

As per the whitepaper of HitChain, the open-source communities provide developers with tools or space for their work. Although, they still don't represent the developer's interest as they are profit-driven enterprises. Thus, HitChain comes into a picture that seeks to offer a more dynamic, democratic, and autonomous open-source ecosystem. The term HitChain is derived from Git and blockchain. Git is the open-source distributed revision control system.

The overall architecture of HitChain seeks to include four core components:

The team setup of HitChain was done in 2018. Jiang Li is the chairman and director of HitChain. He has great expertise in blockchain, cloud computing, and open-source ecology. He is responsible for the overall mechanism of HitChain. KheeJoo Tan is the director of HitChain, who has served as a technology executive in numerous transnational soft corporations. Leon Li is the director of the HitChain foundation, leading the open-source system in the HitChain team.