Blockcloud Rating & Review

updated 11 October 2018

A Blockchain-based Advanced TCP/IP Architecture Providing Constant Connectivity for Dynamic Networks.

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Status: ongoing
Public sale: 11 Oct`18-18 Oct`18
Cap: 15 000 000 USD
Goal: No info
Price: 1 BLOC = 0.01 USD
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Blockcloud Rating

ICObazaar experts have given Blockcloud rating with 4.8 score.

Our ICO rating evaluates the overall quality and viability of the product, team, and technical implementation behind. It is calculated with a weight-adjusted formula with five factors and a separate industry expert score. Each factor evaluates an aspect of the project and its weight is related to its importance, which was determined by blockchain and finance professionals. Our rating methodology.

Each factor evaluation:

  • Site: 4.6
  • Team: 4.8
  • Project idea and whitepaper: 4.8
  • Technology: 4.8
  • Media: 4.8
  • Users: 0.0

Blockcloud review

The Blockcloud ICO and BLOC Token offer a solution to the problems of scalability and trust impending the growth of the IoT sector. In a traditional IoT network, most platforms provide a centralized server to aggregate all connected devices, data, and services. Such structuring ultimately creates barriers to scaling through high-bandwidth consumption and a centralized point of failure. As a solution to these problems, Blockcloud suggests an incentive-driven protocol for IoT services, architected for scalability and security, that will form the foundation of a viable ecosystem of interconnected smart devices.

The IoT market is growing rapidly: it is expected to expand from $ 157 bln in 2016 to $ 457 bln by 2020, attaining a Compound Annual Growth Rate (CAGR) of 28.5%.

Read full Blockcloud ICO review

 

Advantages:

  • SCN makes blockchain more user-friendly and in general has good prospects.
  • The team has strong technical and business development background. Their experience of running an IoT device company implies that they deeply understand pros and cons of improving device connectivity.
  • The parent company Shenzhen Oudmon Technology is a smart home/smart wear company that serves millions of users in China and has over 100 partners, including Ping An Group, China Mobile and Tsinghua University. Oudman has been in the IoT business for the past six years. It has submitted applications for over 80 patents and connected about 8 million devices.
  • Cooperation with various universities and CERNET could result in fast adoption and good traction of the ecosystem.
  • IoT is a rapidly growing industry. The number of IoT devices will increase almost four times by 2020.
  • If every household or enterprise installs IoT devices and shares the data to Blockcloud enabled services, the network would bring overpowering value to trusted resource and network providers.
  • So far it is a sole solution to connect devices at Cloud, Fog and Edge levels.

 

Disadvantages

  • No MVP yet and actual testnet will not be launched until Q2 2019. Mainnet will not be launched until Q2 2020.
  • There are several ICOs this year that are creating similar IoT platforms, they also use SCN+Blockchain combination, however they have already launched their testnet, and are launching mainnet in Q4 2018.
  • Unknown terms of private sale, particularly around early lock-ups. Projects without significant lock-ups (with larger bonuses) of early investors are likely to dump.
  • Blockcloud TPS needs to be battle tested and proved. IoT devices send heavy levels of data traffic.

 

Investment prospects

Blockcloud idea is ambitious, reasonable challenging and achievable with due technical grounds, which are clearly at place with a solid developer team.

The project has a low hard cap and high market awareness (80% of tokens were sold during presale). A long lock-up period scheduled for pre-sale participants will thin the initial circulating supply.

The tokens should not have trouble listing on major exchanges, as many of them invested in the project.
With the strong team and advisory board, the project has a good chance of succeeding.
However the mainnet is scheduled to launch only by Q2 2020, which is far away, and there are at least two projects with the same goals and similar technologies releasing their mainnet in Q4 2018. Summing it up, the project should be considered by a long-term investors and has a medium risk level.

Blockcloud BLOC independent rating & review: 4.8
Site
Team
WP+idea
Technology
Media
Users

Comments5

1

The platform looks good to me and seems promising in the future.Good luck

2

An above-average project with good team and investors + huge hype. Personally invested in it.

0

ghg

0

Look at this project, then the overall picture is not possible, but the coin is a coin that is coin coin with a good pro Jack. And the future is much brighter.

0
  • Service centric networking approach to improving IoT connectivyt and capabilites. 
  • High growth market - IoT
  • IoT market will become very valuable when IoT infrastructure (beyond devices) are developed with large scale government support
  • talented team with a strong whitepaper
  • using a variable, free market token for incentives for IoT participation is a very challenging pursuit, liklihood of mass adoption is low
  • Anyone adding IoT platforms to their diversified crypto exposure portfolio ought to take a look at blockcloud low weight addition