OneLedger — a simpler gateway to multiple blockchains

in #blockchain6 years ago (edited)

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One project that got my attention is OneLedger. As the name speaks, it creates a single point of contact, to make it easier for business to interact with blockchain to deploy permissioned or permission-less dApps/smart-contracts and interact with all other blockchains.

This blockchain as a service removes a lot of the friction for a business to interact with multiple blockchains this while being able to do in ways most business are accustomed to from their already established way of interconnecting with other apps (API and SDK)

It is not the first blockchain that goes after the business market, but I think is the first that creates a scalable solution where a business can easily interact with the blockchain using a single gateway to manage all other interactions.

Beside this position, they can also do cross transfers of data which has many use cases from a cross chain exchange to something much more interesting an app marketplaces similar to google play or apple.

Blockchain app developers would place there apps no matter what blockchain they use as their 1st layer of execution and from a single place users can discover, buy and interact with dApps based on smart-contracts valid across multiples blockchains

These 2 features combined represent a strong differentiator in the blockchain market environment for the project, with immediate and long term use cases for both b2c and b2b markets.

The team has a long experience dealing with big data, blockchain and corporate environment so I would say they are positioned quite well to tackle this endeavour.

I would have liked a bit more details on their roadmap as how they plan to create adoption, especially for the b2b part.

They are raising only 15 mil. US dollars which i think is a bit low for their objective as the marketplace business is in itself a capital intensive business and requires a lot of commercial effort beside the technical one. But for the token economics it makes a very attractive short to mid term project as the valuation is small which means the team will guard the economics and value of the native token to make it attractive for market adoption, so it has very good perspective to increase in value mid to long term.