One Ledger

Category: CryptocurrencyPlatform
Platform
Ethereum
Token
OLT
Token value
0.52 USD
Hard cap
15 000 000 USD
Payments
Ethereum

About

The Architecture

OneLedger enables you to focus building your business application through OneLedger modularization tools, which will communicate with OneLedger protocol using its API gateway. This mechanism will make your business application interact with different public and private blockchains synchronously through corresponding side chains implemented in OneLedger platform.

The Consensus

OneLedger defines a three-layer consensus protocol to enable more effective integration of different blockchain applications. Business logic can be implemented by the first layer – a configurable role-based consensus protocol leveraging hierarchical grouping similar to the structure of Merkle Tree. The side chain consensus protocol can move consensus traffic from the main chain with public consensus to the side chain with high performance and efficiency. OneLedger block structure enables the synchronization and reference between the three-layer consensus.

Documents

Whitepaper

Contacts

OneLedger

hello@oneledger.io

Milestones

  • 2017 October
    Final whitepaper; Theoretical Proof of Concept
  • 2018 April
    Launch Ethereum sidechain testnet; Synchronize Ethereum sidechain with OneLedger protocol engine; Implement and optimize cross-chain consensus; Add more public chain support; Launch MVP with crosschain consensus
  • 2018 November
    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 June
    Release first version of the OneLedger platform; Integrate with more blockchain protocols ; Expand business network

Financial distribution

35% Sale Distribution
25% Community Reserve
15% Team & Advisors
10% Company Reserve
15% Marketing and Long-term Partners

Team

Board of directors

DAVID CAO
FOUNDER & CEO

Advisors

TREVOR KOVERKO
CEO @POLYMATH
MATTHEW NIEMERG
DISTRIBUTED LEDGER TECHNOLOGY AND SECURITY ADVISOR
JOR LAW
FOUNDER - VERIFYINVESTOR.COM & HOMEIER LAW PC
SAM ONAT YILMAZ
MARKETING ADVISOR
GAVIN KNIGHT
STRATEGY ADVISOR, FACTOM FOUNDATION ADVISOR
MERVYN CHNG
ICO ADVISOR - PARTNER - GWEI CAPITAL
REUBEN LOO
APAC ADVISOR - PARTNER - MW PARTNERS

Team

ALEX TODD
CTA
STEPHEN LI
LEAD ENGINEER
EDWIN ZHANG
MANAGING DIRECTOR
OTHALIA DOE-BRUCE
PUBLIC RELATIONS OFFICER
PAUL W. HOMER
SENIOR BLOCKCHAIN ENGINEER
ALEX LAN
BLOCKCHAIN ENGINEER / RESEARCHER
LESTER LI
BLOCKCHAIN ENGINEER

Ratings and reviews

TokenDesk rating
8.3
Reviewed and rated by
1 experts|0 members
TD team
9.5
Vision
8.5
Product
8.5
Team
9.5
Profile
9.5
Scanner
7
TD team
9.5
Vision
8.5
Product
8.5
Team
9.5
Profile
9.5
Scanner
7
Tokendesk team Admin
9.5
Vision
9
Product
9
Team
10
Profile
10

IDEA: 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 the adoption of blockchain technology integration for small businesses and enterprises. OneLedger offers a wide range of improvements for the overall blockchain infrastructure that will help with the adoption and integration of blockchain technology from various businesses. I like their idea a lot and there is a solid use case for OneLedger if they are able to execute their plans successfully. 

Team:  Their team consists of 9 team members and 10 advisors. I really do like the fact that they have very successful entrepreneurs and high quality with great experience members who worked for such giants like: IBM, Nokia, Amazon, Xerox and more. Team already managed to partner with: Polymath; MW Partners ; Trust 2 Pay ; Gwei Capital ; QUBE and more. This shows that they are working very hard to fulfill the promises. 

Product: OneLedger functions as a three-layered consensus structure created with the intention to provide a means of efficiently integrating various blockchain-based applications for business use, it also makes the creation of business applications possible for users by using the system’s business portal, and this interacts with the protocol through the system’s API gateway. The intuitive design of the business portal makes it possible for users to create their business module and embed in the blockchain, irrespective of their blockchain experience level. Generation of chaincodes is also possible via the modules that have been set up by developers. OneLedger based enterprise applications interact with public or private blockchains by using side chains. Here are these various systems that make up the underlying protocol of the OneLedger system: Modularization of Businesses ; Protocol-based Blockchain Communication ; Transactions (High Performance) ; Runtime Support (Multi-chain) ; Role Consensus ; Side Chain Consensus ; Public Consensus ; System Functions ; Blockchain Services ; Chaincode Service ; Programming Interface. This is wide range of improvements to the blockchain infrastructure and this makes us believe that this project is going to go far. 

Token Structure:  Their hard cap: 15 million USD, fixed to USD and softcap: 4 million USD. Symbol: OLT and it is built on Ethereum blockchain. Bonuses: Private Presale-25%. Public Presale: 20%. No bonus for the Crowdsale. 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. Overall their token metrics seem to look very attractive to investors eye. Low bonuses, small hard cap, long lock up periods for team and partners. Projects with similar metrics tend to show good returns. 865F5

Jan Powol Expert·Basic·2018-06-14
8.5
Vision
8
Product
8
Team
9
Profile
9
Considering investing
Pros: - Very experienced and well-connected team
- Active GitHub
- Cross-chain support
- Align incentives between participants in the network towards network growth
- Three-layer consensus protocol to provide efficient integration of different blockchain applications
- Service side interface for users to build workflows and map business modules on the blockchain with any level of blockchain experience
- Software development kit for developing Dapps across platforms
- Master smart contracts allow launching Dapps on multiple platforms simultaneously
- Big hype on social media
Cons: - Competition is very high (EOS, WANCHAIN, AION for example)
- The Release of Mainnet in 2019 might be that late that enterprise adoption might already be at an advanced stage in comparable projects
- No MVP might cause uncertainty about development so far
00

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TokenDesk rating
8.3
Reviewed and rated by
1 experts|0 members
TD team
9.5
Vision
8.5
Product
8.5
Team
9.5
Profile
9.5
Scanner
7
TD team
9.5
Vision
8.5
Product
8.5
Team
9.5
Profile
9.5
Scanner
7
Platform
Ethereum
Token
OLT
Token value
0.52 USD
Hard cap
15 000 000 USD
Payments
Ethereum

Write a review

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