Performance is your financial news site with daily breaking news, ICO reviews, up-to-date info on crypto funds and masternodes, and much more. Hacking of the database, no system is 100% bulletproof – we have seen problems in “mature” products such as electrum and parity. Decentralised databases can share data across different entities easily because no one entity will own the database.

Bluzelle was founded by Pavel Bains and Neeraj Myrarka in 2014 in the city of Vancouver. Two years later the company moved to Singapore, where there were many companies employing the blockchain technology. KYC/Identity Management – Also powered by blockchain, this project is developed to solve the many issues with KYC process, including excessive financial burdens, fraud, and error-prone audit trails. A new breed of communications agency… serving clients in the blockchain, crypto & fintech markets.

  • 33% sold to the public through a private and public sale, 22% retained by the Company for future use.
  • Given the focus on DBs rather than decentralised file storage, Bluzelle potentially will offer better services regarding data access speed and DB specific APIs that Iits competitors.
  • generaDon, administration, storage, and retrieval of monumental quantities of information.
  • Instead, Bluzelle will use a one-stop blockchain-enabled KYC platform with common KYC standards that can be integrated easily with banks and financial platforms across the world.

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All the main criteria, including team, idea, token metric, market awareness, and roadmap, are above average. Rating and stats platform for cryptocurrency ICOs © All rights reserved. Bluzelle dynamically adjusts the number and location of nodes sharding the consumer’s data to meet performance metrics. Bluzelle dynamically adjusts the number and location of nodes sharding your data to reduce request time and overall performance. I’ve already mentioned that Bluzelle is working with both HSBC and with AIA, but they have additional strategic partnerships. Several of those are with other blockchain projects, such as 0x, Zilliqa and Bee Token.

Building sophisticated hardware wallets to protect crypto-assets on Ripple, Ethereum and Bitcoin. Bluzelle got off to a stunning start in 2018, with one of the most hyped initial coin offerings, an incredibly professional whitepaper, and a launch that saw it listing immediately on top exchange Binance. This incredible start made Bluzelle look like every investors once-in-a-lifetime early investment. Payments – In partnership with MatchMove, Mayback and Temenos, Bluzelle is currently developing a payment platform that will be used globally, facilitating secure and easy international payments.

Bluzelle Transaction Chart

Bluzelle’s main competitor is BigchainDB but BigchainDB is more focused on enterprises while Bluzelle is focusing on dApps. We believe Bluzelle will be providing services to many dApps going forward, giving the project constant stream of news flow which is important in the crypto market. The BLZ token ICO was held on January 20, 2018 and quickly raised $19.5 million as 500 million tokens were sold at a price of $0.12. The price surged higher over the next two weeks, reaching a high just above $0.77 before dropping back as the entire cryptocurrency market came under pressure. Bluzelle has positioned itself well for this eventual dominance, with offices in the west in Vancouver, and in the east in Singapore. It has also lined-up some partnerships that will help it capture market share, and help it to become the dominant decentralized database storage solution.

bluezelle ico

Bluzelle reduces latency by on the lookout for the closest computers in a swarm and which draw information from computer systems containing the identical datablocks . The Bluzelle ICO could possibly be a recreation-changer when it comes to fixing the issues of pace, scalability and performance. Bluzelle, which was founded in Canada in July 2014 used to focus only on payment systems. However, it relocated to Singapore in February 2016 to take advantage of Asia’s growth potential and provide blockchain infrastructure for on-premise deployment to clients that include AIA, Maybank and Temenos. The sale was unlike ‘FOMO ICOs’ where buyers are given little time to get their orders in and ‘Fear Of Missing Out’ tactics are used to ensure a mad dash to sell out. Instead, buyers were assembled into groups and given 24 hours to make their purchases.

Bluzelles Kyc

An interesting note on Bluzelle that I had previously not known until I talked to Neeraj, was the original founder of Ripple, Ryan Fudder, is an advisor to the project. It’s always good to see creators from other successful projects as an advisor to a team.

Bluzelle deals with consensus differently from blockchains, doing away with any concept of a network-wide universal state. An internal token to Bluzelle alone that enables the Bluzelle crypto-economy, where consumers pay and producers earn. Bluzelle can reduce latency by retrieving data from the nearest nodes on the leaf swarm, and/or increase speed manifold by retrieving data in parallel from the fastest nodes on the leaf swarm. ICO Drops receives a fee for advertising certain token sales, in which case such listing will be designated accordingly. These numbers show how much the token price has changed relative to the initial ICO token price. Community Network.Data servers are crowd-sourced, reducing costs for developers and passive income for providers. Bluzelle enables Dapps to store their data in a place that is both decentralized and mutable, getting the best of everything.

Bluzelle is based on a very unique idea, bringing together the token economy and the sharing economy. Its developers believe that it is the “oracle’ representing the new ecosystem, built on the blockchain. The platform allows users to rent out Trading Platform the extra computer storage space and in turn earn some tokens. In a nutshell, Bluzelle uses idle PC space and encourages people – usually called producers or farmers – to share the resources they have by compensating them with BLZ tokens.

The very best utility tokens are the ones which put the token holder in the position of supplying tokens to businesses who would be able to effectively make use of the platforms in question. Cryptocurrencies and blockchain are emerging technologies that carry inherent risks of high volatility, and ICOs can be highly speculative and offer few – if any – guarantees. You should never make an investment decision on an ICO or other investment based solely on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional of your choosing if you are seeking investment advice on an ICO or other investment. Decentral Media LLC, the publisher of Crypto Briefing, is not an investment advisor and does not offer or provide investment advice or other financial advice.

Crowdfunded Blockchain Trends Replacing Your Banking Services In 2017

Bluzelle is a decentralized database project for the creation of decentralized applications . The funding will be used to scale up its enterprise business, develop its decentralized database platform, and build its initial developer bluezelle ico community. With a project of this magnitude, there’s no doubt that technology is at the core of it all. Bluzelle will create swarm of nodes that will act collectively to store data dynamically to maximize performance.

bluezelle ico

Despite being a decentralized data storage platform, Bluzelle also has other services geared towards businesses and corporations who want to use the blockchain. The project will have challenges to face – for instance, Bluzelle has no direct defense for its IP in the event of a competitor from database management or cloud services attempting to build a similar decentralized service. Competition can also be expected from Wolk – another decentralized database service provider. The consumer in the Bluzelle ecosystem will primarily consist of dApp developers who have a need for an immutable decentralized storage platform. They will be able to access Bluzelle resources and pay for them in BLZ and BNT tokens. The BLZ token is a publicly traded ERC-20 token, while the BNT token is a private token native to the Bluzelle network. Zilliqa– is a smart contract platform that looks to solve the current scaling issues faced by the industry (i.e. the number of transactions they are capable of processing per second is limited).

True freedom requires the full stack to be decentralized, not just one part. That’s where Bluzelle aims to provide a critical piece in the advancement Defi, supply chains, gaming, and other Web 3.0 sectors. Bluzelle is a decentralized, scalable database service for dApps. Without a decentralized database platform like Bluzelle in place, the decentralized internet Trading Platform will face barriers to scale and function with less efficiency. The project solves a pain point encountered by many dApps and we believe the team has the capability to execute the project’s vision. We believe that a decentralized database management solution is needed in the majority of dApps, so Bluzelle has great potential if dApps become widely used.

Bluzelle may be known as a meta-swarm, i.e. several swarms interacting with one another. generaDon, bluezelle ico administration, storage, and retrieval of monumental quantities of information.

bluezelle ico

It’s been suggested that Bluzelle targeted these three projects for their strong social media presence. As you can see, the team has a good track record, both in technical execution and in operational execution. With the Bluzelle project getting off to a strong start blockchain it’s would be up to them to drop the ball and not excel, otherwise there’s no reason for the project to fail to succeed. CEO Pavel Bains is also critical to the success of Bluzelle, with his years of experience in operational management helping to steer the project.

We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities. Crypto Briefing provides general information about cryptocurrency news, ICOs, and blockchain technology. The information on this website is provided solely as general information to the public. We do not give personalized investment advice or other financial advice. The Bluzelle ICO project fills a significant need in the decentralized internet market. An expert team with solid experience building blockchain dApps is hard to come by in such a new industry, but there you have it.

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