Vision: A decentralized Key management system (KMS), NuCypher KMS offers a privacy layer to the distributed systems and decentralized applications. Through its proxy re-encryption and access control services, NuCypher KMS allows DAPP developers to store, share, manage, and secure their data on the blockchain. As for enterprise integration, there is more question in the way of competition for NuCypher. While it makes sense for dApps to leverage a decentralized KMS service for encrypting data, enterprise use remains more of a challenge. While the benefits of adopting a decentralized KMS system may seem obvious because of the risks posed by centralized servers, onboarding a product built on nascent technology by a new player also represents a potential risk. NuCypher’s strategy for convincing their target market otherwise remains unclear at this stage.

Team: MacLane Wilkison (Co-Founder and CEO ): MacLane has experience in both tech and finance. He previously worked at Morgan Stanley as an Investment Banking Analyst in their Media and Communications Group.
Dr. Michael Egorov (Co-Founder and CTO ): Dr. Egorov holds a Phd in Physics from Swinburne University of Technology. He has spent time working as an engineer in Russia, Australia and the US. He also has 5 years of experience as a Software Engineer.
Prof. Giuseppe Ateniese: Cloud Security, Cybersecurity, and Applied Cryptography expert
Prof. David Evans: University of Virginia Faculty Director of Secure Computation Research Group
John Bantleman: 3 decades of entrepreneurial experience in tech world.

Team is looking very strong but it is a question if they can deliver their promises in a cryptocurrency world, because they lack of experience in this field.

Product: NuCypher already exists for more than a year as a full-fledged company with several working products. The most interesting of them is MediBloc. This is a decentralized system for storing patients’ data on health care facilities. Using this service, customers can be not only confident that they won’t lose data anywhere, but they also may not worry about the confidentiality of information. Seeing that we get more confident about team and it’s ability to improve and develop product.

Token structure: When it comes to business development and marketing of the project, having no metric by which to measure progress could be a detriment.