ICO Review: Oneledger Protocol –An Interoperability solution

Idea:

Interoperability — A relatively newer buzz word in the crypto arena. There have been many individual blockchain solutions have been developed and being developed concentrating on scalability, security and decentralization. Each of this blockchain proves its usability in different application based on their design, nature and efficiency. With so many blockchain solutions already available, now it has become mandatory to look at how to operate among these different blockchains. Without interoperability, every blockchain and its data, transaction would become a separate entity and accessing it for real-world use cases would become soar.

Here comes the protagonist of this article — Oneledger..

Overview:

Oneledger — OneLedger is an interoperable blockchain protocol built for business application. It is a cross-ledger agnostic protocol that enables high-performance scaling. This mechanism will make a business application interact with different public and private blockchains synchronously through corresponding side chains implemented in OneLedger platform.

What does Oneledger do?

· 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

· High-performance transactions enabled by a uniquely-engineered role and arbitration mechanism allowing for storage of data in a hierarchical structure.

· Focuses on providing a consistent runtime which is compatible with various blockchain protocols and application development stacks

Few Use-cases

· 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

Tokenomics

OneLedger Token (OLT) serves several purposes within the OneLedger ecosystem. Firstly, users will pay a network fee to nodes as they use One Ledger protocol. Network supporters who run nodes will receive OLT in exchange

Token supply — 1,000,000,000 OLT (Preminted)

Token Type: ERC20

Tokens for sale: 35%

Token Sale Hardcap — 15 million USD (1 million in Seed + 9 million in Private sales + 5 million in crowdsale)

Why I like Oneledger?

· Using OneLedger’s unified framework, companies can develop their own DLT applications and launch their products across multiple infrastructure networks of their choosing

· OneLedger is developing an SDK specifically for deploying Dapps across multiple platforms.

· 15M USD hardcap is the lowest fund raising goal of any interoperability solution. SO more room for the growth.

· The team has claimed to have an MVP already.

· The team has experience in well-known companies such as, IBM, Nokia, Amazon, Xerox, etc. So, I believe the team is capable of executing the idea seamlessly.

· Crypto influencers have been very positive about the project and the capability of the team

· Whatever the blockchain solution that comes in future, with oneledger we can easily integrate them to interoperate among other chains

Official websites and socials handles

Website: https://oneledger.io

Twitter: https://twitter.com/OneLedgerTech

Telegram: https://t.me/oneledger, https://t.me/oneledger_official

Medium : https://medium.com/@OneLedger

Reddit : https://www.reddit.com/r/OneLedger/