What does the company/project do?
Uranus aims to build a decentralized blockchain-based platform that enables the sharing of cloud computing resources. It includes smart contract technology for the purposes of sharing computing power. It categorizes itself as a sharing economy platform, just as Uber or AirBnB.
The Uranus Chain uses a Delegated Proof of Stake consensus mechanism with Byzantine Fault Tolerance. This consensus mechanism is also used by other blockchain platforms such as Neo.
How advanced is the project?
The Uranus Foundation was established in March 2018 in Singapore. The project has completed the White Paper and counts with an active Telegram community. During the third quarter of 2018 Uranus wants to complete a closed beta test and release a community version. Towards the end of 2018 the commercial version should be released. No private investors have been announced yet.
What are the tokens used for and how can the token value appreciate?
During the public sale Uranus will offer an Ethereum ERC20 token. Once the mainnet is launched this will convert to a native token. The Uranus token is called URAC. The token value will increase with the usage of the Uranus ecosystem.
Team & Advisors
James Jian is the CEO of Uranus. He has a mathematical and research background. He also worked for large corporations such as ZTE.
Halley Han is the Chief Architect of Uranus. He is an expert with virtualization, cloud computing and the linux kernel. He counts with significant previous exposure to open source software.
The Uranus team includes experts in cloud computing and blockchain development. The six technical advisors are experienced with container design, computer science and software architecture. The Uranus product development team lists eleven engineers with backgrounds in computer science and machine learning and some of them with already significant professional exposure. Besides the technical advisors there is another Advisory Team with experience in Internet of Things and Artificial Intelligence.
It is the objective of Uranus to overcome the current disadvantages of cloud computing such as security breaches, data that is not encrypted and not sufficient back ups. The aim of Uranus is to create a market for computing power enabling a computing power sharing ecosystem. Different from its competitor’s approach it also wants to include consumer and mobile devices in this market and not only enterprise devices.
The Uranus blockchain is based on distributed nodes. The nodes also run the Uranus CPCE (Computing Power Container Engine). Through an optimized container scheduling technology, Uranus wants to provide affordable computing services. Uranus believes that the machine learning powered container scheduling system provides an advantage over competitors.
Since the niche where Uranus wants to build a sharing economy marketplace is cloud computing, Uranus lists as possible use cases for its service among others DNA calculations, planetary orbit calculations, weather data analysis, voting platforms, games and advertising models.
Strength and Opportunities
The cloud computing market is growing at a rapid pace. In 2018 it can be considered as very likely that a blockchain powered solution will become a credible alternative to centralized cloud service providers such as Amazon Web Services or Microsoft Azure.
Currently there is a huge idle computing power available on commercial and private notebooks and mobile devices. If only a small part of it will be shared the value of this market could be tremendous.
Weaknesses and Threats
There is a lot of competition going on in the cloud computing and blockchain space. Several projects are already leading in this field, such as Golem, Somn, GridCoin, iExec and Sparc. Golem has already a market capitalization of more than 300 million USD as of early July 2018. It will be difficult to compete against these projects that are already more advanced.
The Uranus team could not yet present credible, private, institutional investors. This may make it harder to complete a successful ICO.
The Uranus project is still early stage and targeting a highly competitive market. The solution presented may not be sufficiently different from currently existing market alternatives. A lack of institutional money may make it more difficult for the ICO to turn into a success. In the long run Uranus will need to overcome several competitors since the intersection between a computational power marketplace and blockchain technology is a crowded field.