Oneledger ico review

Overview
The oneledger is a protocol that enables high perfomance scaling for enterprise through oneledger modularization tools .oneledger makes enterprise application easy by its modularization tools and APIs.

How they achieve it ?
They are going to make use of sidechains to increase interoperability between varying blockchains.They have also mentioned about using Chaincode Service,Smart identity management platform and programming interface to achieve their claims.

As you can see this picture gives a basic idea how their protocol going to be applied.The API gateway will connect the protocol with your business it could be a small scale business or even some corporate company so we are talking about huge scale application of blockchain.

Roadmap :

Their roadmap looks good they have completed their whitepaper in last quarter of 2017.

Q1-Q2 2018
They have launched the Ethereum sidechain testnet,Synchronization of ethereum sidechain with oneledger engine and they have implemented the sidechain consensus.

Q3-Q4 2018

They have added Bitcoin to cross chain support ,Completion of decentralized cross-chain exchange protocol(would be big in future).

They still have implementation of oneledger’s identity management sysytem and smart contract authorization system and they have their launch of API gateway planned in this Q3-Q4

2019

They will releaase the version one of oneledger platform which is going to big.
They have proposed expansion of business network too.

Token economics:

Total supply:1 billion OLT
Softcap:4 million USD
Hardcap:15 million USD
Seed round:1 million USD ,vesting period of 6 months with monthly cliffs for bonus implemented in smartcontract
Private presale 1:6 million USD
Prvate presale 2 :3 million USD

Partners:

The have some good partnership with very good companies like polymath,mw partners,trust2pay,gwei capital ,tgo capital and qube
Team:

The OneLedger team has 9 team members listed with the following being the core:

David Cao, Founder and CEO - Over 16 years’ experience in commerce, with his most recent experience being with Xerox as Lead Commerce Consultant.

Alex Todd, CTA - Over 30 years’ cumulative experience in general and technological corporate governance, with his most recent experience being with PRESTO as CTO.

Stephen Li, Lead Engineer - Over 15 years’ experience in software development and consulting, with his most recent being as Founder of Services Informatiques YANG-LI INC.

Paul W. Homer, Lead Blockchain Engineer - Over 30 years’ cumulative experience in software engineering and analysis, with his most recent being as an application consultant for CIBC.

The team also has a suite of advisors including, Trevor Koverko, CEO of Polymath, Matthew Niemberg, Distributed Ledger Consultant, Craig G. Brown, Senior Canadian Legal Advisor, Jor Law, Founder of verifyinvestor.com, and Mervyn Chng, Managing Director at Gwei Capital.

Verdict:

The oneledger is a good product and with working sidechains for bitcoin and Ethereum is a good bet but do your own research before investment

Image source:
Oneledger website

Disclaimer:
The contents posted in this blog is just my opinion please do your own research before investment