There is a new blockchain project called OneLedger.
I am not paid or mandated to do any of my reviews this is just a personal opinion and analysis for educational purposes only and not financial advice. Please always do your own research before making any investment decisions.
OneLedger across ledger agnostic protocol that enables high-performance scaling. They plan on providing businesses with a blockchain development solution which they hope will simplify the creation of niche or customized blockchains. To make their solution universal OneLedger will be making use of side chains to increase interoperability between different blockchains such as Bitcoin, Etherium and so on. Essentially OneLedger enables business apps to interact with the different public and private blockchains at the same time through corresponding side chains implemented within their platform.
There are several key features of the OneLedger platform:
The first is a smart identity management platform. OneLedger can provide a master, private or public key pair, that is assigned to an identity, which can then grant access to any other public key that the identity would have access to. This creates a universal identity solution for the tracking and access of assets and information on the variety of block chains.
Another component is blocking services. OneLedger will be able to create a side chain on the OneLedger consensus protocol to be customized for that client’s needs. For instance, they can create various degrees of permissions and access. Using the identity platform clients can create different levels of access for trusted users to access their blockchain.
Another component is chain Co-services. OneLedger is developing a software development kit to provide businesses launching decentralized apps on multiple platforms. The ability to create a master smart contracts which will specify the smart contract written in each language of choice when necessary.
The programming interface is another key feature APIs will be made available to create a set of desired functions for the client allowing them to register new users and so on.
Another core component of OneLedger is its business portal. This portal will allow all business clients to develop every part of their blockchain solution.
In addition to this services, that I mentioned earlier, OneLedger will also include the ability to connect with independent module developers to meet the specific needs of various businesses. The entire process will be made transparent for the security and fairness of all parties involved.
OneLedger’s current development roadmap is summarized below.
According to the One Ladger team, they have already completed their MVP but they will not be releasing its demonstration to the public until June of 2018.
OneLedger will be raising funds by issuing OLT tokens. The hard cap is 15 million dollars and the conversion rate is 5.2 cents per token. The fully diluted market cap on the ICO date is 43 million dollars.
KYC registration is currently closed, however, they limited slots.
The token sale is expected to start and finished sometime in June with token distribution to take place afterward the exact day. For the token sale will be announced soon so please stay tuned.
OLT tokens will be used in a number of ways, for example, users of the platform will need to pay note runners OLT tokens in fees the no runners themselves may have to stick OLT tokens in the future to assure the quality of the network. In addition, developers will be paid in these tokens for the creation of modules where transactions executed on predefined smart contracts.
OLT tokens should appreciate in the valley if the community sees value in OneLedger. if there are a lot of businesses demanding specialized modules, users taking advantage of their services and notes being run to support the network the demand for and the value of all these tokens should appreciate.
The OneLedger team has at least nine people on their team. The biographies of the key members are summarized below. The team also has a number of advisers including the CEO of Polymath, a distributor that your consultant, a senior Canadian legal adviser, the founder of verify investor.com and a managing director at way capital.
Here are some of the thoughts on the project’s opportunities. In our opinion the ideas ambitious, well thought out and is needed to address the challenges surrounding the scalability and interconnectivity issues facing today’s blockchains. OneLedger focuses on providing a gateway to centralized enterprises while competitors such as Cosmos and AION are more for the general audience. This one has OneLedger to better cater to the target users needs. The total addressable market will be smaller than the competitors but the chance to succeed is also higher. The team members and advisors are comprised of a good mix of technical and business minded people. We believe this project should not have a difficult time finding enterprises to adopt their solutions.
In terms of concerns, interoperability is a pretty hot topic and there are a lot of competing blockchain projects that are trying to solve this problem. The increasingly crowded space would make it more difficult for OneLedger to stand out.
In addition, the team has developed an MVP but it is not currently available to the public, therefore, it is difficult to analyze the quality of the MVP at this point.
