Computable Labs is a blockchain based project with the objective to crowdsource data so that the physical world can be transformed into structured data. The vision of Computable Labs is to make data a shared resource that is openly accessible.
Ultrain is a smart contract and cloud computing platform with several value-added features. It also aims to have very high transaction speeds of up to 20,000 tps.
MultiVAC has the objective to be the first blockchain solution to achieve these three conflicting variables through a trusted sharding model. Sharding will be performed independently for transaction processing and for smart contract execution. Decentralized applications that will run on MultiVAC will be able to determine the number of nodes on which they wish to run their code.
Essentially Bgogo is a crypto exchange that is using trans-mining, or trade mining, to build a user base. The business model is also incentivizing large investors to accumulate enough tokens to become a supernode.
Mt Pelerin is building a new banking model which aims to address a number of problems in the world of banking. Essentially the platform will act as a marketplace for financial services. Users will be able to access the platform via a website or app.
Harmony is trying to fix the number one problem in blockchain technology: scalability. The platform has the objective to enable 10 million transactions per second on a distributed ledger.
Technology, idea and team are considered the main factors for the success of a blockchain project at the ICO stage and beyond. Yet, the community surrounding a blockchain platform appears to be a determining force when it comes to observe the prosperity of a blockchain project.
In this, the third part of the series on ICO scams, we will look at some of the subtler warning signs to look out for when considering investing in a token. Some ICOs are not outright scams, yet the fundamentals underpinning the token economy.