OneLedger offers a universal identity solution to keep track of users’ assets that are stored on multiple distributed databases.
It consists of the following steps: OneLedger Business Initialization, OneLedger Channel Consensus, OneLedger Public Chain Consensus. At the same time, synchronization of the protocol engine of OneLedger with Ethereum side chain will be carried out. OneLedger is an enterprise blockchain protocol which is designed to allow businesses deploy a high-performance scalable end-to-end solution for their business needs, using a modified Byzantine Fault Tolerant consensus scheme. 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. Whether or not the team is meeting those milestones, and the degree of the product development at each stage will drive the token price up or down.
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- Strong team and strong advisors.
- A business friendly use case that looks to boost adoption of blockchain tech.
- OneLedger has allegedly raised $10 million in private sales.
[Main problems tackled]: OneLedger’s mission is to simplify businesses’ adoption of blockchain technology and its integration into their specific business applications and products.
The OneLedger protocol also supports consensus across different blockchains, and is highly scalable. Developers need OLT tokens to deploy their modules to OneLedger platform. 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. ICO value proposition OneLedger offers a 3-layer consensus protocol built to provide seamless integration of various Blockchain applications to be used by enterprises. The OneLedger token will constitute the currency of the network and will be stored in highly customizable OneLedger digital wallets.
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Well, one ledger is a business blockchain protocol which is the one of its kind project.
SDK OneLedger will allow users to create a “master-smart contract”, which defines a smart contract written in each chosen language. 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. Blockchain Services The OneLedger protocol enables anyone to launch a side-chain to run on OneLedger. The application of the OLT token seems reasonable – users must have supplies of this token if they want to benefit from the OneLedger ecosystem. Through OneLedger, both businesses and individuals can leverage the platform to create both public and private blockchains with their own uniquely-identified network consensus.
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Final product launch is expected in 2019 as stated in the roadmap, which gives the team a maximum of 1.5 years to develop and release the platform.
OneLedger PublicChain Consensus — helps to make transfers between public blockers. Token utility Users, including businesses, need to pay a network fee to nodes to use any services on the OneLedger platform. We would like to highlight the relatively strong team working on OneLedger’s development. They can submit modules and code to OneLedger Marketplace with a smart contract that defines the terms of sale. 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.
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OneLedger ICO Team The CEO and founder of OneLedger is David Cao.
The protocol of OneLedger supports the authentication of public keys of wallets. The ICO coin offering and OLT Token of OneLedger are offering a way to simplify the integration of the Blockchain technology. OneLedger plans to monetize their platform via fees paid by its users. The OneLedger platform will require use of its utility token OLT (ERC-20 token) and 100 million OLT will be premined. According to the above pluses and minuses, we can say that oneledger, a very promising project with interesting ideas and a very good team.
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General information Short description: OneLedger allows you to create business applications through the tools of modularization, which will interact with the OneLedger protocol through the API.
OneLedger is developing an SDK that eases the process of porting the code from different development environments and deploying smart contracts across multiple platforms. 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. Investment Rating Expire date: 15.07.2018 Based on the analysis performed and issues identified we assign OneLedger project a “Stable“ rating. 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. 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. It enables the user to use the OneLedger business portal to create business applications.