Many world wide enterprises want to integrate there existing business into decentralized world to diversify as well as expand there Business offerings. Everyone wants to build a decentralized system but a real use case is far from achievement. Here are the highlights of problems:
Business Modularization
Protocol-based Blockchain Communication
High-performance Transaction
Multi-chain Runtime Support
Oneledger is a gateway protocol which will let all kind of business applications or individuals to connect to different blockchains via sidechains that are implemented in the One Ledger platform. It will simplify adoption of an integration of blockchain technology for small businesses and enterprises. Those business applications will be able to create their own uniquely-identified network consensus on private and public blockchains they create .
To help accomplish their goals, there will be several broken down features, such as a Smart Identity Management Platform, Blockchain Services, Chaincode Service, and their Programming Interface.
OneLedger supports consensus across different blockchains; the ability to expand and query data in other chains is made possible through compatibility with other blockchain networks by leveraging side-chains.
After creating digital identity users will also be able to use blockchain based business tools that are provided on the platform. Options to create digital wallets, credit systems and arbitration mechanism will all ease the process creating and maintaining of business solutions without extensive programing knowledge or additional costs in developing those applications.
One way of looking at the vision of OneLedger is ‘Plug and Play’ for all individual or business applications that want to use blockchain. OneLedger also plans to build a marketplace where you will be able to buy custom made modules ready to plug into OneLedger.
Team of people behind the project is the most promising part of the OneLedger story. They are all experienced in their fields and have past business success and reference.
David Cao, Founder and CEO - Over 16 years’ experience in commerce, with his most recent experience being with Xerox as Lead Commerce Consultant.
Alex Todd, CTA - Over 30 years’ cumulative experience in general and technological corporate governance, with his most recent experience being with PRESTO as CTO.
Stephen Li, Lead Engineer - Over 15 years’ experience in software development and consulting, with his most recent being as Founder of Services Informatiques YANG-LI INC.
Paul W. Homer, Lead Blockchain Engineer - Over 30 years’ cumulative experience in software engineering and analysis, with his most recent being as an application consultant for CIBC.
The team also has a suite of advisors including, Trevor Koverko, CEO of Polymath, Matthew Niemberg, Distributed Ledger Consultant, Craig G. Brown, Senior Canadian Legal Advisor, Jor Law, Founder of verifyinvestor.com, and Mervyn Chng, Managing Director at Gwei Capital.
The Team, hardcap and ideas are all above average. 5M left for crowsale is small comparing to huge demand and hype created recently. some blockchain project such as Pchain, NKN, Quarkchain did great on exchange and we expect Oneledger should do the same. But team should show MVP and prove their capacity.
In long run, the success of project depends on their progress roadmap and future partnerships. With all the good points above we believe they could achieve their goals and succeed among the increasingly fierce competition.
