Cardstack Business Analysis

adekogbe (53)in #blockchain • 8 years ago

In this article I will be performing a business analysis of the cardstack blockchain project, this I will be doing in order to highlight the positive and negative properties of the project and the resulting effects they may have on the success or failure of the platform.

I will be using the SWOT Analysis business tool which is going to highlight the Strength, Weakness, Opportunity, and Threat of Cardstack.

SWOT Analysis

Strengths

A Unifying Layer: By creating a unifying layer for all decentralized platforms to be integrated into a single hub, Cardstack provides the solution to an existing problem whilst also making blockchain platforms user-friendly.

Cardstack SDK: The cardstack SDK I an absolute game-changer for dApp development, it provides an easy to use newbie friendly interface using a basic template who's plugins can be upgraded with time. Cardstack SDK fulfills this while the developers are rewarded with card tokens for using the platform.

The Hub and Card Used Interface: The cardstack hub has been designed with a card UI which presents all the information and actions happening on the blockchain to the user in a simple card (text and image) format. This protects the users from information overkill and makes it easy and convenient for them. for them to use the cardstack hub.

These above stated strengths are at the core of the cardstack platform setting it miles apart from any existing project on the blockchain and providing real value to the users and developer.

Weakness

There is a flaw in cardstack's ideology, as a blockchain and decentralized platform cardstack is the first to provide all these services in one platform, but in the centralized world, the decentralized solutions that cardstack provides are already existing in the form of OS for our devices either its iOS, Windows, Android or more.

These centralized devices already have different applications for different uses or services integrated on their platform, e.g. apple store and google play have thousands of applications. Also, there are amazing SDK for this operating systems.

What all these means is that cardstack to a large extent depends on the success of other blockchain projects and dApps will have to go mainstream for cardstack to realize its full potentials.

Opportunities

Cardstack SDK has the opportunity to change the way dApps are right now their built and designed. Considering the thousands of blockchain projects being launched all needing a personalized dApp for their platforms; cardstack is monetizing a new market of developers targeted product. As of 20th of May 2018 771 ICOs in the year 2018 has raised norths of $4.8 billion USD for their various platforms. This is the billion dollar market cardstack is tapping into, providing the platform enormous opportunities.

Also, the cardstack SDK is upgradable with plugins which can be developed for different customized uses and added to the SDK template meaning the platform is not a closed loop and has the potential for growth, thus more adoption of cardstack will mean more development of the platform.

Threats

Cardstack, in my opinion, is competing directly with giants in the technology industry. The world's bias towards blockchain technology sits on a very delicate scale and could tilt in any direction, a blockchain initiative started by google, apple or any tech giant will be a big threat to cardstack because the only difference between this tech giants and cardstack is the blockchain which is very much open source. Of course, a lot of blockchain projects has centralized superpowers as competitors the problem however is, I don't think cardstack has shown enough progress so far to suggest it really stands a chance against the potential competition.

Conclusion

That concludes my business analysis of cardstack, there are positives as well as negatives and how one outweighs the other will determine how successful the project will be. I am sharing my personal opinions and I am not a business advisor so always do your own thorough research before investing in any ICO because there is no guarantee for success and the crypto space is very volatile.

Visit the projects official website and social media communities for more information about the project and reliable token sale information.