OneLedger ICO
What does the company / project do? OneLedger is an agnostic cross-replay protocol that provides high-performance scaling. It plans to provide enterprises with a solution for the development of the block, which will be aimed at simplifying the creation of an individual or niche block chain for their area.
To make its solution universal, OneLedger will use the side-chain to increase interoperability between different block chains, such as Bitcoin, Ethereum, etc.
To help achieve their goals, there will be several breakdown functions, such as the Smart Identity Management Platform, Blockchain Services, Chaincode Service and their programming interface.
The Smart Identity Management-OneLedger platform can provide the main private / public key pair that is assigned for authentication, which can then grant access to any other public key to which the identifier will have access. This will create a universal identification solution for tracking and accessing assets / information on various block chains.
Blockchain Services — OneLedger will be able to create a side-chain on the consensus protocol OneLedger, which will be configured for the needs of this client. For example, they can create different degrees of permissions / access. Using the Identity Platform, clients can create different access levels for trusted users to access their block chain.
The Chaincode-OneLedger service develops a software development kit to provide businesses launching dApps on multiple platforms the ability to create a ‘Master Franchise Contract’ that will define a smart contract written in each chosen language when necessary.
The programming interface API will be available to create a set of desired functions for the client, allowing them to register new users, request a block chain, and so on.
Another major component of OneLedger is its business portal. The portal will allow business customers to develop each part of their blockchain solution.
In addition to the above services, they will also include the ability to connect with independent module developers to meet niche business needs. The entire process will become transparent to ensure the safety and fairness of all parties involved.
How advanced is the project? OneLedger is said to have completed the MVP, but there is still no way to see it, but promises to release its demonstration to the public in June 2018.
The OneLedger roadmap looks like this:
Q2 2018
Launch of the Ethereum side chain test network Synchronization of the side chain ethereum with the OneLedger protocol engine Implementation and optimization of consensus Add support in the public network Launch of the MVP with the consensus consensus Q3 / 4 2018
Enable the side chain bitcoins to provide cross-chain support Full decentralized cross-chain exchange protocol Full implementation of the modulation tools and compilers Implement the identity management system OneLedger and the Smart Contract authorization system Launch the API gateway Launch the alpha version of the OneLedger platform 2019+
Release the first version of the platform OneLedger Integration with a large number of protocols blockchain Expand the business network How to use tokens and how can they be valued?
Tokens will be used in several ways. For example, novice platform users will need to pay OLT tokens. The nodes themselves may need to put OLT tokens in the future to ensure the quality of the network.
In addition, developers will be paid OLT tokens to create modules with transactions performed on predefined intellectual contracts, which allow one-time purchases, payments on subscriber models.
Tokens will be valued by cost, depending on how the community sees in OneLedger. If there are many enterprises that require specialized modules, many users take advantage of their services and the many nodes that will be launched to support the network, the demand and value of OLT tokens will grow.
The idea is ambitious, well thought out and very necessary for solving the problems associated with scalability and interconnection problems that the chains face.
OneLedger focuses on providing access to centralized enterprises, while competitors such as Cosmos and AION are more suited to a wider audience. This allows OneLedger to better meet the needs of target users. The total address market will be smaller than competitors, and the chances of success will also increase.
Team members and advisers consist of a good mix of technical and business people. I believe that the project should not be difficult to find an enterprise for making its decisions.