The OneLedger token will constitute the currency of the network and will be stored in highly customizable OneLedger digital wallets.
The team is also more senior than many other blockchain projects, which in our view is better than having a team of only young people with no prior work experience. The OneLedger team is led by Founder & CEO, David Cao. The protocol of OneLedger supports the authentication of public keys of wallets. The launch of the first version of the mainstream OneLedger platform is expected to take place in 2019. In 2017, after predicting a mega-trend for financial securities migrating to the blockchain, Trevor co-founded Polymath - the world’s largest securities token network.
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- Christoph Mussenbroch, Protocol & Architecture
- Stephan Karpischek, Ecosystem & Community
- Renat Khasanshyn, Insurance Products & Revenue
Token utility Users, including businesses, need to pay a network fee to nodes to use any services on the OneLedger platform.
OneLedger wants to make it easier for SMEs to conduct their businesses on the blockchain without the need for blockchain development experience. SDK OneLedger will allow users to create a “master-smart contract”, which defines a smart contract written in each chosen language. It consists of the following steps: OneLedger Business Initialization, OneLedger Channel Consensus, OneLedger Public Chain Consensus. The OneLedger team did not perform a competitive analysis in their whitepaper, and thus do not disclose how they are planning to distinguish themselves from the competition. This will allow applications to interact with various private and public blockbodies through the side-chains on the OneLedger platform.
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Through OneLedger, both businesses and individuals can leverage the platform to create both public and private blockchains with their own uniquely-identified network consensus.
The OneLedger protocol aims to unite separate blockchain networks, sidechains and external networks into one transparent, protected and distributed network. OneLedger ICO Team The CEO and founder of OneLedger is David Cao. Developers need OLT tokens to deploy their modules on the OneLedger platform. We would like to highlight the relatively strong team working on OneLedger’s development. Roadmap Oneledger plans to launch MVP and Ethereum sidechain testnet in Q2, bitcoin sidechain, platform alpha and APIs by the end of 2018 .
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According to the above pluses and minuses, we can say that oneledger, a very promising project with interesting ideas and a very good team.
OneLedger also provides a scalable
off-chain solution from any main chain and offloads the consensus to the corresponding OneLedger sidechain which inherits all of the properties of the OneLedger protocol.
OneLedger offers a universal identity solution to keep track of users’ assets that are stored on multiple distributed databases.
The ICO coin offering and OLT Token of OneLedger are offering a way to simplify the integration of the Blockchain technology.
Possible use cases of OneLedger include but are not limited to: We draw attention to the fact that project’s whitepaper is not comprehensive enough.
Lastly, OneLedger offers a universal identity solution to keep track of users’ assets that are stored on multiple distributed databases via the Smart Identity Management Platform.
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Well, one ledger is a business blockchain protocol which is the one of its kind project.
It plans to develop a business portal or service-side interface for all blockchain users with different levels of experience to create workflows and map their business modules on the blockchain. Also, any public distributed ledger, regardless of its consensus protocol, supporting hashed time lock contracts and payment channels can be synchronized with a corresponding OneLedger side-chain. The business portal allows users with little or no blockchain experience to create their business module on the Blockchain. The team informs us that the project will be monetized via fees from users of the platform. Users, including businesses, need to pay a network fee to nodes to use any services on the OneLedger platform.
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They can submit modules and code to OneLedger Marketplace with a smart contract that defines the terms of sale.
Blockchain Services : The OneLedger infrastructure allows any user to create a private or public side client to work with OneLedger. 2) Blockchain Services - Anyone can launch a side-chain to run on the OneLedger consensus protocol. Technology The OneLedger infrastructure consists of : a Smart Identity Management platform, a Blockchain service, a Chaincode service, and a business portal. When the platform matures, there will be 3 types of users of OLT token: users, network supporters (nodes) and developers (as per the whitepaper): 1. OneLedger Business Initialization — here you define a contract with the indication of roles and their behavior in the business. The Extendable OneLedger API will help transform business models into blockchain applications through modularity.