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OneLedger ICO Overview
The OneLedger ICO and OLT Token are alms a agreement to facilitate action affiliation of blockchain technology. Through a aggregate of business modularization tools, affiliation APIs and interoperable architecture, OneLedger is advised to accomplish the action of onboarding blockchain technology added applicable and able for enterprises.
OneLedger present the agreement as a seamless aisle to action use of broadcast balance technologies for countless business applications such as accumulation chain/inventory management, accounting and digitization of assets.
OneLedger ICO Value Proposition
OneLedger is a three-layer accord agreement advised to accommodate able affiliation of altered blockchain applications for action use. OneLedger allows users to actualize business applications via the OneLedger business portal, which communicates with the agreement via an API gateway. The business aperture enables users with any akin of blockchain acquaintance to map their business bore assimilate the blockchain, accomplish chaincode through modules created by developers and characterization the action throughout its design.
Interaction amid action applications with clandestine or accessible blockchains occurs through the use of ancillary chains. Below is a breakdown of the three layers of accord basal the protocol:
Role Consensus- The aboriginal band utilizes a “role-based” accord agreement angry to the agenda character of business participants, with anniversary role affiliated to an alone node. Contracts generated by this band ascertain the roles and their corresponding behaviours.
The arrangement generated by this band will be generated afresh as one that is executable on a called accessible blockchains such as Ethereum. Through their authentic key and agenda signature, users are affiliated to their role in the business, enabling accuracy and traceability of anyone who writes advice on the blockchain.
Channel Consensus (i.e. Side Chain Consensus) – Side Chain Consensus allows for the beheading of interactions (transaction or business actions) amid roles. When new block abstracts is recorded, Byzantine Fault Tolerant Partial Synchronization is activated aural the approach amid all participants.
The Side Chain Accord will crave all participants to vote and accord is accomplished back added than ⅔ of voters accept accomplished agreement. Back accord is achieved, the accounting block abstracts is broadcasted to all nodes in the approach and stored. Side Chain Accord additionally helps admit transfers amid accessible chains.
Public Consensus – When a alteration amid accessible chains is requested, the pre-consensus footfall is conducted on the sidechain, with a pre-consensus block sending a angle to the accessible chain. The angle is again voted on by validators of the accessible alternation to lock or alleviate assets from the accessible chain.
If the angle is alternate auspiciously from both accessible chains, the pre-consensus block is committed. Once ⅔ of the sidechain nodes accomplish this block, it is accomplished on OneLedger.
Diagram Illustrating Transfer Between Public Chains from White Paper
OneLedger Token (OLT) serves several purposes aural the OneLedger ecosystem. Firstly, users will pay a arrangement fee to nodes as they use One Ledger protocol. Arrangement supporters who run nodes will accept OLT in exchange.
Initially, anyone will be able to run a node. As the ecosystem develops, staking may be appropriate to added agreement the affection of the network. Users can additionally absorb OLT in a exchange to acquirement new business modules and plugins fabricated by developers. OLT will initially be issued as an ERC-20 token.
OneLedger ICO Team
David Cao is the Founder and CEO of OneLedger. David has a abundant clue almanac as a developer and abstruse adviser with over 20 years of acquaintance according to his LinkedIn. He is currently Chairman of the Canada China Blockchain Professional Association and from 2012-2017 served as Lead Commerce Adviser with Xerox.
Alex Todd serves as CTA of OneLedger. Alex has all-encompassing acquaintance as an entrepreneur. He is the Founder and CEO of a blockchain-enabled amusing acclaim appraisement arrangement alleged Trust 2 Pay. He is additionally above CTO of PRESTO, a aggregation that chip Ontario’s alteration book system.
The Lead Engineer of the OneLedger ICO is Stephen Li. Stephen has over 15 years of acquaintance as a developer back 2002. He has captivated positions with the brand of IBM and Morgan Stanley over his career, best afresh with the closing as a full-stack web developer.
CEO of Polymath, Trevor Koverko, has abutting the advising aggregation of OneLedger.
More advice on the aggregation and admiral can be begin here.
OneLedger ICO Strengths and Opportunities
The artefact abstraction offered by the OneLedger ICO is very business affable in agreement of both usability. OneLedger intends to assemble a service-side interface, contrarily referred to as the business portal, for users with any akin of blockchain acquaintance to body workflows and map business modules on the blockchain.
OneLedger will additionally advantage their API to animate developers to actualize an ecosystem of plugins for specific business use cases. Developers will be able to accomplish plugins accessible for enterprises on the OneLedger marketplace, area they can acquire OLT in exchange.
To added booty advantage of the abeyant that blockchain interoperability holds for enterprises, OneLedger are developing an SDK accurately for deploying Dapps beyond assorted platforms.
Instead of coding assorted acute contracts, the SDK will acquiesce for developers to actualize a adept acute contract, allegorical the acute arrangement accounting in anniversary accent of best for deployment on the adapted set of protocols. Developers will accept the adeptness to barrage Dapps on assorted platforms at already via this adept acute arrangement feature.
OneLedger ICO Weaknesses and Threats
Interoperability is focal point of blockchain basement projects at the moment. With the deluge of protocols that action similar promises to OneLedger in agreement of scalability and interoperability, antagonism is appreciably high.
According to the roadmap, the appointed absolution date for the mainnet will be ancient in 2024. By that point, there is a adventitious the OneLedger ICO will accept to argue with a bazaar area action acceptance of aggressive protocols is already able-bodied underway.
The catechism of OneLedger API affiliation with absolute ERP systems is not addressed acutely in the white paper. Most blockchain projects targeting action audience action a agency to anon accommodate absolute ERP systems with broadcast balance technology, acceptance for a added automated transition.
On folio 11 of the white paper, advertence is fabricated to a “Connector” as allotment of the OneLedger Business Application Development Kit, which allows for affiliation amid the agreement and centralized bartering networks. To what admeasurement this Connector is accordant with absolute ERP systems is analytical for free how OneLedger stands up to any adversary with a blockchain/ERP doubter framework.
The OneLedger ICO aggregation has little to appearance in agreement of absolute artefact development and has yet to absolution an MVP.
The acceptance of a artefact targeting action audience will consistently crave a abundant aeon of aerodynamics and scaling, which will not action to any cogent amount until afterwards the final artefact absolutely exists and has accurate both anatomic and viable.
The adequacy of the aggregation to bear such a able artefact will be easier to appraise already an MVP has been fabricated accessible to the public. To adviser artefact development, OneLedger has created a Github, which is accessible here.
The Verdict on OneLedger ICO
With little artefact development to appearance and the absence of any cogent indicators on the business front, OneLedger charcoal a awful abstract activity at the moment. Still, the OneLedger aggregation and abstraction arete absorption and we will abide to adviser the advance of this ICO.
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ONELEDGER ICO REVIEW SCORES
SUMMARY
The OneLedger ICO (OLT Token) claim a additional attending mainly because the aggregation is acutely able and experienced. However, no amount how scalable and interoperable their band-aid ability be, the actuality that there is little absolute development – and affairs for mainnet extend able-bodied into 2024 – agency that the competition, including the recently-reviewed Unibright ICO, has an advantage in developing blockchain affiliation solutions for the business enterprise. Not to acknowledgment the actuality that megatechs such as IBM and Oracle are absolutely analytical this bazaar themselves.
Founding Team……………………….8.4
Product…………………………………..4.0
Token Utility…………………………..9.2
Market…………………………………..8.5
Competition…………………………..4.4
Timing……………………………………5.1
Progress To Date……………………3.6
Community Support & Hype…..7.2
Price & Token Distribution……..6.8
Communication……………………..7.6
FINAL SCORE……………………….6.8
UPSIDES
DOWNSIDES
Today’s Date: 3/29/18
Project Name: OneLedger
Token Symbol: OLT
Website: https://oneledger.io
White Paper: OneLedger White Paper
Crowdsale Hard Cap: $15 actor USD
Total Supply: 100 actor OLT
Token Distribution: 35% to contributors, 25% to association reserve, 15% to aggregation and advisors, 15% to business and continued appellation partners, 10% to aggregation assets
Price per Token: 1 OLT= $0.52 USD
Maximum Market Cap (at crowdsale price): $52 actor USD
Accepted Payments: ETH
Countries Excluded: US, Canada, China, South Korea
Bonus Structure: N/A
Presale Terms: Over
Whitelist: TBA
Important Dates: TBA
Expected Token Release: TBA
Additional Information: https://t.me/oneledger
ICO Review Disclaimer
The aggregation at Crypto Briefing analyzes an antecedent bread alms (ICO) adjoin ten criteria, as apparent above. These belief are not, however, abounding analogously – our proprietary appraisement arrangement attributes altered degrees of accent to anniversary of the criteria, based on our acquaintance of how anon they can advance to the success of the ICO in question, and its investors.
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Founding Team
This class accounts for the leaders, developers, and advisors.
Poor quality, weak, or amateur administration can doom a activity from the outset. Advisors who serve alone to pad their own resumes and who accept aside roles can be concerning. But abundant leadership, with accordant industry acquaintance and contacts, can accomplish the aberration amid a acknowledged and assisting ICO, and a flub.
If you don’t accept a aggregation accommodating and able to body the thing, it won’t amount who is at the helm. Good aptitude is adamantine to find. Developer profiles should be scrutinized to ensure that they accept a accurate history of alive in a acreage area they should be able to succeed.
Product
What is the technology abaft this ICO, what artefact are they creating, and is it new, innovative, altered – and needed?
The IOTA activity is a amazing archetype of engineers run amok. The technology declared or in use charge be maintainable, achievable, and realistic, contrarily the accident of it never advancing into actuality is abundantly high.
Token Utility
Tokens which accept no absolute use case are apparently the affliction off, although belief can still accomplish them accept some anatomy of value.
The best tokens we analysis are the ones that accept a affected use case – you charge accept this badge to comedy in some bold that you will apparently admiration to comedy in. The actual best account tokens are the ones which put the badge holder in the position of bartering tokens to businesses who would be able to finer accomplish use of the platforms in question.
Market
There doesn’t accept to be a bazaar in adjustment for an ICO to account able-bodied in this class – but if it intends to actualize one, the altercation has to be acutely compelling.
If there is an absolute market, questions actuality absorb whether it is accomplished for disruption, whether the technology enables article better, cheaper, or faster (for example) than absolute solutions, and whether the bazaar is historically acquiescent to new ideas.
Competition
Most account accept several implementations. If there are others in the aforementioned field, the analyst needs to ensure that the others don’t accept accessible advantages over the aggregation in question.
Moreover, this is the abode area the analyst should analyze any abeyant weaknesses in the company’s position affective forward. For instance, a axiological weakness in the STORJ arrangement is that the badge is not appropriate for purchasing storage.
Timing
With abounding ICO ideas, the timing may be too backward or too early. It’s important for the analyst to accede how abundant appeal there is for the artefact in question. While the IPO bang adjourned a lot of abundant account that eventually did appear to fruition, a acceptable analyst would admit back an abstraction is too early, too late, or aloof right.
Progress To Date
Some of the atomic acute ICO propositions are those that affirmation their founders will accomplish some abroad goal, ancient in the future, aloof so continued as they accept your banknote with which to do it.
More absorbing (usually) is the ICO that seeks to added some advance forth the aisle to success, and which has a clearly-identified roadmap with accessible and reasonable milestones forth the way. Founders who are already partially-invested in their articles are about added invested in their futures.
Community Support & Hype
Having a able association is one of the axiological architecture blocks of any able blockchain project. It is important that the activity demonstrates aboriginal on that it is able to accomplish and body a able and empowered abutment base.
The ICO exchange is acceptable added awash and added competitive. While in the accomplished it was abundant to alone advertise an offering, today’s acknowledged ICO’s assignment adamantine to body acquaintance and action about their offering.
Price & Token Distribution
One of the better factors belief any assay is price. The lower the amount the added there is to gain. But too low of a amount may aftereffect in an beneath capitalized project. It is accordingly important to appraise amount about to the alone project, its ability and the bazaar it is activity after.
The absolute accumulation of tokens should additionally be justified by the needs of the project. Issuing a billion tokens for no acumen will do cipher any good.
Communication
Communication is key. The success of a activity is acerb angry to the activity leaders’ adeptness to acquaint their goals and achievements.
Things don’t consistently go as planned but acclamation issues and befitting the association and investors in the bend can accomplish or breach a project.
