OneLedger

in #ico6 years ago

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First we have to start with Disclaimer
I am not financial advisor, thus I am not clarified and I am not giving you a finance advice. This is all my opinion and collected information on the subject. All information is public, please do your own research. All ICOs are risky, do not take this as legal advice.

Introduction to One Ledger

OneLedger is an Universal Blockchain Protocol Enabling Cross-ledger Access through Business Modularization
OneLedger forms a realizable and verifiable blockchain network which is modularized from real-world functionality, based on the sharing and immunity mechanisms provided by blockchain techniques.
All transaction data and real source records are written into distributed nodes by validation mechanism of data sharing through OneLedger protocol. OneLedger protocol enables communication and access across the blockchain, and allows for deployment and extendability across various Blockchain networks.
OneLedger defines a three-layer consensus protocol to enable more effective integration of different blockchain applications:

  • OneLedger Business Initialization.
  • Channel Consensus.
  • Public Chain Consensus.

Part of the foundation of OneLedger’s protocol is its use of public key authentication which allows for the creation of personal accounts with highly configurable digital wallets, credit systems, and arbitration mechanisms. The OneLedger digital wallet provides individuals and institutions the abilities of a modern-day digital wallet with the normal functions such as deposits, withdrawals, and payment, as well as the additional benefit of being able to trade and purchase services across multi-business networks. By maintaining a digital identity on the OneLedger platform, businesses and consumers can accumulate a credit score through the transaction and behavior within the network.

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Where the protocol can be applied ?
OneLedger - its protocol and interface enables interaction with an arbitrary number of core infrastructure networks in a highly scalable manner. Numerous use cases can come from this interoperability; however we describe one primary use case: a cross-chain decentralized exchange.
Other use cases of OneLedger include:

  • ability to move business traffic into sidechain with high performance
  • ability to deploy and migrate DApp with ease
  • enablement of cross-chain access and consensus through OneLedger protocol
  • standardized communication between DApps within OneLedger protocol
  • asset identification and transparent flow such as asset registration, donation process
  • BaaS offering to help users create business modules with open source DApps within the business portal ie. Supply chain and eCommerce flow (Catalog, cart could be built as service and hooked up flexibly)
  • help businesses and individuals with AI support and flow optimization
  • transparency and traceability of process through tagging of business flows

One Ledger Token Economics
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Community Reserve: Locked for a minimum of 6 months in a smart contract and followed by 1 to 2+ years vesting schedule for the long-term benefit of the community.
Team Reserve: Vesting period of 24 months with quarterly cliffs implemented in smart contracts.
Advisors Reserve: Vesting period of 24 months with monthly cliffs implemented in smart contracts.
Company Reserve: Locked for the first 6 months and followed by a vesting period of 18 months with monthly cliffs implemented in smart contracts.
Marketing and Long-term Partners: vesting period of 3 to 6 months for marketing reserve. A minimum of 6 months lock-up period followed with a 1 to 2+ years vesting period target for long-term partners. All vesting and lock-up periods are implemented in smart contracts.

Team members and Advisors
Both team members and their advisor looks promising with years of experience working for top IT companies. One Ledger team is trying to achieve way more than their competitors and with the competences and the experience they have the projects has good chances to succeed and deliver.

Source: https://oneledger.io/

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