OneLedger A Scalable and Universal Cross-ledger Protocol Designed for Business.

What is Oneledger?

Oneledger is a universal blockchain protocol enabling cross-ledger access through Business Modularization. Let’s have a look at the fundamental of this project.

Team

David Cao (Linkedin)

He is the founder & CEO of the project, he has three years of blockchain experience and over ten years of enterprise architect experience. He used to be the chairman of the Canada China Blockchain Professional Association before he started Oneledger.

CTO: Akex Todd(Linkedin)

Alex Todd is the Chief Technology Advisor for oneledger, he is also the founder and CEO of the Trust 2 Pay, It seems that he is working on both project at the same time. He has good experience of FinTech and trust enablement area. However, he might can’t focus on one leger 100% since he is not working for it full time.

Lead Engineer: Stephen Li(Linkedin)

Stephen Li is a Javascript expert and very experienced full stack web developer. He had worked for Nex-CAS software as a developer/SWQC leader, as an engineer for Tekever, SDE lead for Microsoft, Staff Software Engineer for IBM etc.

Advisors
Oneledger has strong advisors from several industry. Such as Trevor Koverko, Ceo of Polymath.

Idea
OneLedger is a cross-ledger agnostic protocol that enables high-performance scaling using a sharded and modified practical Byzantine Fault Tolerant consensus scheme — which allows for either a permission-less or permission-ed setting.

For a business that willing to using blockchain technology, oneledger helps its integration into their specific business applications and products. Through Oneleger, both business and individuals can leverage the platform to create both public an private blockchains with their uniquely-identified network consensus.

A real word application that solved the problem through blockchain technology and it is realistic.

Supply

Fundraising Goal: 15,000,000 USD
Sold on pre-sale: 10,000,000 USD
Total Tokens: 1,000,000,000
Available for Token Sale: 35%

Token Price
1 OLT = $0.052

ICO Cap
Hard cap: $15 Million total, with $5 million available for the public crowd sale

Community
Telegram: 25 400
Twitter: 500

Roadmap
Well planed and realistic roadmap

Q3–Q4 2017

Final whitepaper
Theoretical Proof of Concept
Q1-Q2 2018

Launch Ethereum sidechain testnet
Synchronize Ethereum sidechain with OneLedger protocol engine
Implement and optimize cross-chain consensus
Add more public chain support.
Launch MVP with crosschain consensus
Q3-Q4 2018

Enable Bitcoin sidechain to allow for cross-chain support
Complete decentralized cross-chain exchange protocol
Complete implementation of modularization tools and compilers
Implement OneLedger’s Identity Management System and Smart Contract Authorization System
Launch API gateway
Launch Alpha version of the OneLedger platform
2019+

Release first version of the OneLedger platform
Integrate with more blockchain protocols
Expand business network
Token utility

Users
Users, including businesses, need to pay a network fee to nodes to use any services on the OneLedger platform. They can either acquire OLT tokens from other token holders, or they can run a node themselves to start acquiring tokens to reuse for business use cases. Users might need to pay OLT tokens to access services sold in the marketplace based on the distribution smart contract set by the developers.

Network Supporters (Nodes)
Network supporters (nodes) will receive OLT tokens as network fees. In the early phase, OneLedger’s software will allow everyone to run a node. After a period of time, a staking amount may be established to ensure commitment and quality of the network.

Developers
Developers will range from individual contributors, to enterprise teams, to consulting firms. Developers need OLT tokens to deploy their modules to OneLedger platform. They can submit modules and code to OneLedger Marketplace with a smart contract that defines the terms of sale. For instance, these services can be free, or users need to pay developers a one-time fee to unlock the service, or developers can even implement the smart contract as a subscription business model so users will need to pay OLT tokens monthly to keep accessing the services. Additionally, OneLedger will give a development grant to the best developers and most qualified projects by leveraging the 25% of tokens reserved for the community

Concern:
(1): lots of blockchain projects that aim to solve interoperability problem such as Quarkchain.
(2): Oneledeger doesn’t have an MVP yet, so we can’t analysis whether the team can achieve the goals.

Useful link:
Website: https://oneledger.io/#home
White paper:https://oneledger.io/wp-content/uploads/2018/06/oneledger-whitepaper-06.01.18.pdf
Twitter:: https://twitter.com/oneledgertech?lang=en
Telegram: https://t.me/oneledger