The name TRIAS stands for “Trusted Reliable Intelligent Autonomous System”. Trias is a blockchain project dedicated at building a smart contract execution platform. Trias consists of three pillars: The first pillar is Leviatom, which represents the computing platform which achieves 100,000 TPS (transactions per second). Leviatom can be described as a network of trusted execution environments. The second pillar is Prometh, which records critical information about a software on the blockchain and represents a traceable development framework. It is designed to prevent common software security issues. The third pillar is MagCarta, a turing complete smart contract language. MagCarta enables dApps to configure consensus algorithms and ledger structure.
Octa Innovations is the company behind Trias supporting Trias in terms of technical and commercial development. The company is focussed on providing security solutions.
How advanced is the project?
Trias builds on the results of several years of academic research. The team completed the white paper and raised seed capital from private investors. Trias plans to launch the testnet by Q4 2018 while the mainnet is expected to launch in Q2 2019.
What are the tokens used for and how can the token value appreciate?
The Trias token is denominated as TRY. The Trias Network counts with three different roles: verifiers, routers and executors. All three kind of nodes are rewarded for the services that they perform for the network. The executor nodes are executing the applications as defined by the MagCarta and have the highest responsibility. The more the Trias Network is used, the higher the market capitalization of the TRY coin will be.
Trias (TRY) token sale on KuCoin spotlight on may 14, 2019. The Spotlight token sale page for Trias (TRY) is now live: https://www.kucoin.com/activity/73
Team & Advisors
There are currently 22 scientists and engineers working for Trias. Their background is from universities like Oxford and Peking University. Team members count with professional experience at leading tech companies such as Alibaba, Microsoft and Intel.
Anbang Ruan is the CEO and co-founder of Trias Network. He holds a Ph.D. from Oxford University and counts with a lot of research experience in Trusted Computing.
Ming Wei is the CTO and co-founder of Trias Network. He holds a Ph.D. from Peking University. He counts with several years of experience in software engineering, cloud computing, AI and system architecture.
Shuang Hao is the CMO and co-founder of Trias Network. He has several years of experience in PR, journalism and strategic communication.
Jihao Sun is the CSO and co-founder of Trias Network and holds a major in Computer Science. He has previous entrepreneurial experience in AI and fintech companies.
No advisors have been announced so far by Trias Network.
Trias wants to improve current consensus mechanisms through remote attestation techniques which is possible through Trusted Execution Environments (TEE). TEEs are a hardware based feature located in the processor with the objective to ensure integrity of the data and code. One of the suppliers of these processors is Intel with SGX (Software Guard Extensions). Trias integrates TEE into its network which enables the platform to secure trust even if up to 90% of nodes were malicious.
Trias is dedicated to root trust into electronic devices such as mobile phones, PCs and IoT (Internet of Things) devices.
Strength and Opportunities
Trias counts already with several early stage investors including Neo Global Capital, DHVC, Kosmos, and Reflexion. These investors are validating the approach of Trias and send bullish signals to ICO investors.
Similar to the smart contract platform Cardano, Trias counts with a strong involvement with the academic community. The team members count with a good research record in the field and hold even various patents.
Weaknesses and Threats
Trias will need to find a strategy to flourish in a field where many other successful ICO project have already positioned themselves well. It will need to convince other platforms and enterprises of their approach and why it is superior to existing solutions. Adoption of Trias has so far not started.
Trias is an interesting project at the intersection between blockchain and Trusted Execution Environments. Whether this combination will be meaningful for the cryptocurrency space is yet to be seen. Nevertheless, the strong background of the team in this field and the successful seed round point towards a solid ICO performance.
* The information contained in this article is for education purpose only and not financial advice. Do your own research before making any investment decisions.