Cardstack – Reorienting the Traditional Software Ecosystem
Overview
Card stack is an open source framework. They are trying to create openness by creating a layer so that the users can gain access to various app services without the need of multiple subscription. It is also a consensus protocol that makes block chains usable and scalable.
Why cardstack?
There are different silos for different apps like cloud services, native apps or blockchain apps. One always need a different subscription to use various apps from different categories. Also, there are different tokens to be used to get the app or service or we can say there are different payment methods. This creates a great hassle from user’s point of view.
Application silos:
In the app store there are various standalone apps among which the user need to choose as per the features of the app. The user also needs to manage various subscription for using different apps. Most of us today use basic apps such as Facebook, Google, Amazon, WhatsApp etc. and do not go for the apps for which we need to pay. The reason behind this is the lengthy procedure of searching, finding the icon, comparing the features, downloading, registering. This has led to failure of the model “Users pay money to buy app”.
Blockchain silos:
Each of the decentralised app (dapp) is connected to blockchain technology which serves as standalone web applications. In this the user needs to use different tokens for payment to use different dapps. This results in independent working of each dapp. This fragmentation leads to complexity in managing the blockchain on different smart contract platforms. The risk of this fragmentation is generally high as the user needs to use different app coins for different dapps on different blockchain protocols and different peer to peer requirements.
The Solution:
Card stack came up with the idea of reorienting the vertical app silos into horizontal layers to built better integration among multiple apps at a time.
Cardstack provides its users Cardstack Tokens(Card). By having a single Cardstack token, it first eliminates the problem of management of various subscriptions. Users can make use of this Casrdstack Tokens also called as cards for payment which means it provides an advantage of single method for payment.
Once the app is purchased by the customers the token cards are stored in the reward system and after the service is redeemed the reward is distributed to the miners and creators of the software.
This ensures the fair reward distribution among the various participants.
Card stack proposes use of 2 tokens:
- SSC (Software and Service Coupons): Card tokens are converted to SSC for consumption of the service by the user.
- Card (Card stack Tokens): These are used to distribute rewards between the miners and creators.
Value Proposition
Cardstack provides a container to its user to get access to multiple apps at a time. It bridges the cloud services with blockchain technology to make the process transparent as well as to give the participants the rewards which they deserve.
A glimpse on the other side of the coin
Though Cardstack came up with the solution of integrating cloud services and blockchain technology in a single container there is a weakness:
• It is observed that most of the people do not pay for using the app because they are not sure whether the app will be useful to them after downloading
and till which extend they will use.
Cardstack ICO Team
• Heading the development of Cardstack is Christopher Tse. Christopher holds a BSc in Computer Science from Columbia University and is the Co-Founder of Monegraph and dotBlockchain Media. He has also served as Senior Director of Innovation at Businessweek.
• Ed Faulkner is the Lead Developer at Cardstack. He holds a Master of Engineering in Electrical Engineering and Computer Science from MIT. He has founded three of his own tech ventures of which all are currently operational.
• Hassan Abdel-Rahman is the Lead Blockchain Developer for Cardstack. He holds a BSc in Computer Science and Mathematics from Colorado School of Mines. Previous roles include over 2 years as Senior Software Designer at Monegraph and Principal Engineer at McGraw-Hill Education.
Verdict
After going through the detailed information about cardstack, cardstack is trying to focus on two factors i.e. openness and fair reward distribution system which means payment will be delivered to the software developers on time without any delay. Also, Cardstack provides user a flexible platform to mix match and use multiple services without worrying about how the process takes place behind the screen.
Although the prototype of cardstack is bit complicated and cannot be understood by the common people who wish to gain knowledge on this subject.
Social Media Hype: By looking at the social media pages of cardstack, it has 1633 followers on Facebook and 3,715 followers on Twitter which means that cardstack should spread more awareness and maximise its reach to get accepted in the market.
Token Metrics
Type: Utility (ERC20)
Total tokens: 6,000,000,000 (6B) CARD *
Token sale: 2,400,000,000 (2.4B) CARD
Price per token: ~ $0.017 USD (estimated based upon ETH/USD price which will be set in the smart contract until the token sale is complete)
Hard cap: $35,000,000 USD
Soft cap: $10,000,000 USD
Bonus for pre-allocation: 10%
- A further 4,000,000,000 (4B) CARD tokens will be minted and allocated over 10 years so the maximum number of CARD ever in circulation will be 10,000,000,000. This is to incentivize makers and analytic miners early in the adoption cycle
Cardstack’s Facebook link: https://www.facebook.com/cardstackproject/?ref=br_rs
Cardstack’s Twitter Link:
https://twitter.com/search?q=cardstack&src=typd
Whitepaper:
https://cardstack.com/whitepaper/overview/executive-summary
Excellent work!