OneLedger is a cross-ledger agnostic protocol that enables high-performance scaling using a sharded and modified practical Byzantine Fault Tolerant consensus scheme — which allows for either a permissionless or permissioned setting. By coupling public key infrastructure (PKI) with identity management, nodes (and node operators) will have a defined trust hierarchy that allows them to participate in the consensus of the OneLedger chain or any sidechain.
OneLedger sidechains can be synchronized with the current state of other networks (Ethereum, Bitcoin, etc.). Any cryptocurrency that supports hashed time lock contracts (HTLC) and payment channels could be deposited into an account or address with the amount credited onto the OneLedger sidechain. This allows for a scalable and transparent solution that is off the main network or chain and is now off-loaded to the OneLedger sidechain.
An arbitrary number of transactions between users can occur on a OneLedger sidechain prior to the final user requesting a withdrawal of their balance from the hashed time lock address / account on the main chain to the address / account of their choice. Essentially, OneLedger provides a scalable “off-chain” solution from any main chain and offloads the consensus to the corresponding OneLedger sidechain which inherits all of the properties of the OneLedger protocol.
Team & Advisors – 8/10
Oneledger’s team consist of 8 members. They have experience in well-known companies such as: IBM, Nokia, Amazon, Xerox and more.
David Cao | Founder & CEO
David is the Founder and CEO of OneLedger. With over 3 years of blockchain experience and over 10 years of enterprise architect experience, David worked on a magnitude of technical projects for several Fortune 500 enterprises. He also worked at IBM Toronto Lab on the development of DB2 and WebSphere Commerce core engine. As a specialist in supply chain, payments, e-commerce, and as an experienced J2EE enterprise architect, David has helped large enterprises grow exponentially, including Home Depot, Sears, and Toshiba. David is an active member in both the Hyperledger and blockchain community.
Alex Todd | Chief Technology
Advisor Alex is a pioneer in the fintech and entrepreneurial space. He is the Founder and CEO of Trust 2 Pay, and former CTO of PRESTO where he led the creation of innovative industry engagement programs in support of the 10-year business model roadmap contributing to an estimated value of $200M+ over five years. Alex has spent his career exploring business opportunities in the emerging and disruptive technologies space, and is currently launching a social enterprise that uses blockchain technology to help 5 billion working-age people prosper by making financial resources more accessible.
Stephen Li | Lead Engineer
Stephen is a senior software developer and a subject-matter expert in distributed application innovation. He is a former senior consultant for Morgan Stanley and Deutsche Bank. He also worked in IBM and Microsoft. Stephen has a deep understanding of both frontend and backend systems through development and architecture, and has an interest in the application of high-performance computing. He is also embracing the blockchain revolution and has become an expert in Solidity smart contract development on Ethereum.
Edwin Zhang | Managing Director
Edwin is a veteran in the blockchain startup and investment space. He is a former Software Engineering Lead spearheading blockchain-related R&D for TribalScale – an innovation firm specializing in emerging technologies. Edwin has a vast technical background as both a blockchain developer, with Solidity and Ethereum smart contract development experience, and software developer. He brings to the table extensive investment experience backed by a technical foundation, and a wide global reach within the cryptocurrency community.
Othalia Doe-Bruce | Public Relations Officer
Othalia has more than 10 years of experience in the Investment Management Industry with expertise in Performance Analytics. She understands crypto economics and the underlying blockchain technologies, and earned an Ethereum Blockchain Developer Certificate. She leverages her experience and knowledge to help Blockchain organizations build strong communities of supporters. She firmly believes that accurate education and ethical practices will help grow the nascent Blockchain space. Othalia was recently acknowledged by the Globe & Mail for her work as one of the Women in Canada bringing positive changes to the industry. Othalia is fluent in both English & French.
Paul W. Homer | Senior Blockchain Engineer
Paul has spent the last 25 years designing and building commercial and enterprise software for companies both large and small. His experience includes startups, the financial industry and healthcare. Last year he worked on adding historic support to Tendermint. He has been following blockchain progress for years and has an interest in Byzantine Fault tolerance as it relates to his past experiences with building distributed systems. He’s been writing and exploring software development issues for over a decade, both in his own blog and as contributions to the 97 Things series.
Alex Lan | Blockchain Engineer / Researcher
Alex is a data science expert. He holds a master’s degree in Computer Science with an emphasis on machine learning and big data application. Alex is a former Business Intelligence Engineer at Amazon, and is currently a Data Engineer at an industry-leading innovations company with a breadth of big data resources. Alex became exceptionally passionate about Blockchain technology after he realized that it can potentially disrupt every industry. He has gained extensive experience in blockchain protocol and consensus algorithm development.
Lester Li | Blockchain Engineer
Lester Li is a Full Stack Engineer who has been involved in the technology space for more than 10 years. Early in his career, he developed security network layers and managed end-to-end encryption mechanisms. He then ventured into telecom networks building high-performance customized product systems. He is a former Nokia senior engineer where he participated in information security, cloud computing and other innovative projects. He is also an open source community contributor and blockchain enthusiast. He has gained extensive experience in Ethereum JSON-RPC interface and smart contract development.
Oneledger’s advisors include:
- Trevor Koverko: CEO at Polymath, CEO at Digital Asset International
- Matthew Niemerg: Center of Excellence Postdoc in High Performance Computing at IBM-2y
- Jor Law: Strong law experience. Founder of Verify Investor(Acquired by tZero)Associate at Shearman&Sterling(Law Practice)-2y, Director at Network Optix(Law Practice)-5y, Director Network Optix(Information Tech. And Services).
- Sam Yilmaz: VP of Product Development at Engine
- Reuben Loo: Blockchain community manager at Quantstamp, Zilliqa and URTRUST
Partnership: Polymath, MW Partners, Wachsman PR, Trust 2 pay, Gwei Capital
Roadmap – 8/10
OneLedger plans to launch an MVP that has cross-chain consensus sometime between the 1st and 2nd quarter of 2018. An alpha version of the platform will reportedly be released in Q3/Q4 2018, and the full version is to be released in 2019 (tentative).
Reports also indicate that the OLT token sale will start in May 2018.
Token Metrics – 9/10
- Hard cap: 15 million USD, fixed to USD.
- ICO Stages: 1 million USD VCs funding, vesting period of 6 months with monthly cliffs for the bonus. Private pre-sale 1: 6 million USD, Private pre-sale 2: 3 million USD, Public sale: 5 million USD
- Token Split: 35% Contributors, 25% community reserve, Team&Advisors: 15%, Company reserve: 10%, Marketing and Long term partners: 15%. Various lock-up periods.
- Total Tokens:1 billion OLT
- Symbol: OLT, ERC-20 Token
- Token’s Utility: OLT is the basic utility token on the platform for transaction, deployment fees and service access fees
- Crowdsale date is TBD (June)
Positive for short term flip
Positive for long term hold
Reviewed by: sherwoodpham