Newton’s objective is to enable a new e-commerce system based on decentralization. Therefore the Newton platform offers a variety of e-commerce specific components including digital identities, supply chain ledgers, digital marketing tools and a payments mechanism. In the end e-commerce platforms should benefit from a higher efficiency and degree of automation as well as from cost savings by using the Newton technology.
How advanced is the project?
Development of the Newton project started at the beginning of 2018. In April 2018 the Newton website was released. In Q3 2018 the release of the Newton main chain is planned. Newton has achieved to complete a number of partnerships with e-commerce sites in China. Several notable individuals have already invested in Newton.
What are the tokens used for and how can the token value appreciate?
User of the e-commerce oriented public Newton blockchain will be rewarded for purchasing on the platform, just as Bitcoin miners are rewarded for mining Bitcoins.
Newton aims to build its own business ecosystem, which counts with serval incentives.
External developers can create new sub-chains if they are staking a certain amount of Newton tokens. Full details of how the token will be used are not yet disclosed.
Team & Advisors
Xu Jizhe is the founder of Newton. He previously was involved with Elastos and acted as the founder of Zeuxx, a community for free software usage. He counts with professional experience in system engineering and holds a BA in Computer Science.
Li Shubin is the co-founder of Newton. He previously was the founder and CEO of OKbuy, a Chinese e-commerce store.
Xia Wu is a Chief Architect at Newton and was previously a co-founder at Zeuxx. Meng Guang is another Chief Architect at Newton. Zhang Yu is responsible for Marketing at Newton and is a previous founder of WuZhou Online.
Among the advisors of Newton are Hang Feng, who is known as a co-founder of Elastos, Li Songbo, who is the former CTO of Nasdaq-listed Sina, Hu Dinghe, who also forms part of Elastos, Gu Xueyong, a professor at Tsinghua University, and Lee Wilson.
The Newton platform consists of a main chain and several sub chains. The main chain is responsible for handling transactions, managing the subchains, governance and account management. The subchains serve e-commerce companies as a way to participate in the network.
Newton consists of several layers. The application layer contains the decentralized applications, the wallet and the e-commerce platform. The middle layer represents a hyper exchange protocol to develop applications. In this layer the NewChain, containing the token data, and the NewNet, which serves as a data storage, are located.
The Newton Virtual Machine supports a wide range of programming languages including Python, Java, C, C++ and TypeScript and counts with smart contract functionality.
Users of the Newton platform are able to control their personal data and on top will be able to earn from the usage of their data. In terms of supply chain management Newton counts with Atom Hashing technology which assigns unique digital identities for commodities.
Strength and Opportunities
Newton has a broad follower base and first deals completed in China. The project counts with a solid investor base, which is beneficial for the public token sale.
Current solutions for e-commerce hosting are expensive and account for up to 25% of operating costs. Newton’s solution, if implemented successfully in the shape of the NewMall, counts with significant cost savings and will reduce the cost of the platform to 8% of operating costs.
Weaknesses and Threats
Similar projects such as Omnitude recognized the same market potential and are trying to build competitive solutions. However, Newton might be better positioned to succeed in the Chinese market, especially since several partnerships have already been established.
The platform represents a big novelty in the e-commerce market and it is unclear whether the economic model and the incentive system presented by Newton will work out as planned.
Newton counts with an experienced team, well known advisors, a good investor base and a well thought out idea. Despite difficult market conditions Newton may be able to deliver a successful ICO. The project has a significant chance to play a role in the Chinese e-commerce market, which will be a requirement for the long term success of the token. The fact that tokens for the founding team are vested over a three year period is another positive detail to point out.
? URL: https://www.newtonproject.org/
? TG: https://t.me/Newtonproject
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* The information contained in this article is for education purpose only and not financial advice. Do your own research before making any investment decisions.
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