ROOT BLOCKCHAIN || Blockchain In One Snap Of A Finger pt.2

icol333 (30)in #blockchain • 7 years ago

Hello Newbians! Back again with the discussion of the amazingly crafted ICO project, Root Blockchain.

On the previous post *check it here!, we have already discussed the solutions given by Root Blockchain to overcome the current blockchain problems. Starting from the blockchain complexity, limited blockchain and its data size, the massive cost needed to create/adopt the technology into the daily basis (or business), and the confusion when starting to integrate blockchain technology into IT infrastructures.

The Root Blockchain project has already served the solutions to overcome those problems above. So, we'll go to the next important discussion,

How Does It Work?

To give you an image of Root Blockchain project, take a quick look at this video:

To allows seamless adoption and consequent use of blockchain technology, Root Blockchain offer some simple working style to the users. So users can focus on what they do best and along with that, still, gather the benefits of the project.

There are three main systems that Root offers to the users. We will summarize it down below.

Blockchain as a Service (BaaS).
BaaS system will serve as a "catalyst" for bringing out the adoption of the blockchain technology, especeially in information technology sector. Using BaaS, that means you will pay a company/parties to set up blockchain nodes on your behalf, but, without dealing with the confusing back end for you or your business.
The options will be available for both enterprise and retail customers, with low transactional cost and confidental data available.
Flexible Options
The project offers some several business models for the customers, such as:
-Private Blockchain - The users may choose to have their own dedicated blockchain with only for their transactions.
-Consortium Blockchain - To link two or more parties, and ideal for linking customers and vendors.
-Secure - The data stored in the blockchain will be encrypted for an optional feature, however, the physyical data will be decoupled from the actual blockchain.
API Driven
The entire blockchain offering is layered in an API (Application Programming Interface) which ensures that business can easily up and running with the minimum timeframe available.

The overall transactional data, and the permissioning model would be handled by the Root Blockchain application and it will be associated with all of the chosen solution, Private, Public, Consortium or Ethereum Blockchain.

Project Roadmap

Q4 2017 : Market research and find out the gap in blockchain industry, and need of Blockchain as a Service (BaaS)
Q1 - Q2 2018 : ICO launching and MVP development of Root Blockchain
Q2 - Q3 2018: Launch MVP of Root Blockchain and engagement and listing on major Exchanges
Q3 - Q4 2018 : Launch Root Blockchain Public, Private and Consortium platform
Q1 - Q2 2019 : Launcing Root Blockchain integration with Ethereum public blockchain and Retail offering API of Root Blockchain Vault
Q2 - Q3 2019 : Launching Root Blockchain Enterprise offering API
Q3 - Q4 2019 : Business Development and essential partnerships adapting and implementing the Business in Russia and CIS
Q1 - Q2 2020 : Expanding our Business to USA and EUROPE
Q2 - Q3 2020 : Expanding, adapting and implementing the Business to Middle East and ASIA
Q3 2020+ : Many more milestones to achieve