Current Issues

Many world wide enterprises want to integrate there existing business into decentralized world to diversify as well as expand there Business offerings. Everyone wants to build a decentralized system but a real use case is far from achievement. Here are the highlights of problems:

• Business Modularization

• Protocol-based Blockchain Communication

• High-performance Transaction

• Multi-chain Runtime Support

Oneledger Ideas

Oneledger is a gateway protocol which will let all kind of business applications or individuals to connect to different blockchains via sidechains that are implemented in the One Ledger platform. It will simplify adoption of an integration of blockchain technology for small businesses and enterprises. Those business applications will be able to create their own uniquely-identified network consensus on private and public blockchains they create .

To help accomplish their goals, there will be several broken down features, such as a Smart Identity Management Platform, Blockchain Services, Chaincode Service, and their Programming Interface.

Blockchain Interoperability

OneLedger supports consensus across different blockchains; the ability to expand and query data in other chains is made possible through compatibility with other blockchain networks by leveraging side-chains.

After creating digital identity users will also be able to use blockchain based business tools that are provided on the platform. Options to create digital wallets, credit systems and arbitration mechanism will all ease the process creating and maintaining of business solutions without extensive programing knowledge or additional costs in developing those applications.

One way of looking at the vision of OneLedger is ‘Plug and Play’ for all individual or business applications that want to use blockchain. OneLedger also plans to build a marketplace where you will be able to buy custom made modules ready to plug into OneLedger.

Roadmap

Q2 2018

• Launch Ethereum side-chain testnet
• Synchronize ethereum side-chain with OneLedger protocol engine
• Implement and optimize cross-chain consensus
• Add more public-chain support
• Launch MVP with cross-chain consensus

Q3/4 2018

• Enable Bitcoin sidechain to allow for cross-chain support
• Complete decentralized cross-chain exchange protocol
• Complete implementation of modularization tools and compilers
• Implement OneLedger's Identity Management System and Smart Contract Authorization System
• Launch API gateway
• Launch Alpha version of the OneLedger platform

2019+

• Release first version of OneLedger Platform
• Integrate with more blockchain protocols
• Expand business network

Token metrics

• Token supply: 100 million OLT
• Softcap: 4 million USD
• Hardcap: 15 million USD
• Seed round: 1 million USD, locked for 6 months in smart contract with monthly release
• Private presale: 6 million USD
• Public presale: 3 million USD
• Public sale: 5 million USD

Lockup Term

• Community reserve: subject to various lock-up periods
• Team reserve: locked for 24 months in smart contract with quarterly release
• Advisors reserve: locked for 12 months in smart contract with monthly release
• Company reserve: locked for 24 months in smart contract with monthly release starting from the seventh month
• Marketing and Long-term partners: subject to various lock-up periods

Team & Advisor

Team of people behind the project is the most promising part of the OneLedger story. They are all experienced in their fields and have past business success and reference.

• David Cao, Founder and CEO - Over 16 years’ experience in commerce, with his most recent experience being with Xerox as Lead Commerce Consultant.

• Alex Todd, CTA - Over 30 years’ cumulative experience in general and technological corporate governance, with his most recent experience being with PRESTO as CTO.

• Stephen Li, Lead Engineer - Over 15 years’ experience in software development and consulting, with his most recent being as Founder of Services Informatiques YANG-LI INC.

• Paul W. Homer, Lead Blockchain Engineer - Over 30 years’ cumulative experience in software engineering and analysis, with his most recent being as an application consultant for CIBC.

The team also has a suite of advisors including, Trevor Koverko, CEO of Polymath, Matthew Niemberg, Distributed Ledger Consultant, Craig G. Brown, Senior Canadian Legal Advisor, Jor Law, Founder of verifyinvestor.com, and Mervyn Chng, Managing Director at Gwei Capital.

Opportunities

• Huge demand since many world wide enterprises are looking to integrate there existing business into decentralized world
• Strong team & advisors with proven track record and experience. They have some Asian with glasses which is best sign of moon nowaday
• scalability and interconnectivity issues are hot trend of crypto now, those related icos had better ROI comparing to others

Concerns

• Lots of competitors in the field, Oneledger has long roadmap until 2019 which we think they should speed up.
• We still waiting MVP

Conclusion

The Team, hardcap and ideas are all above average. 5M left for crowsale is small comparing to huge demand and hype created recently. some blockchain project such as Pchain, NKN, Quarkchain did great on exchange and we expect Oneledger should do the same. But team should show MVP and prove their capacity.

In long run, the success of project depends on their progress roadmap and future partnerships. With all the good points above we believe they could achieve their goals and succeed among the increasingly fierce competition.