Even though Power does not have direct competitors, there are several projects that have already created and launched somewhat similar products. They are NEM, HyperLedger, Exonum, EOS, Cosmos Network. EOS has one of the largest caps in the market and is supported by a large community, Cosmos.Network has a good technical background, the rest also have larger communities and have already released products to the audience.
The usage of Rust programming language for smart contracts instead of Solidity may lower the expansion rate of the system The process of products integration into the blockchain system of Power does not seem clear and might be complicated in reality. The team aims to develop various elements of the product which may take signifcant amounts of time. However, the team does not give clear timeframes for the development of elements. There is no information about the tehcnial audit of the platform and the bandwith of the chain The patents has not yet been claimed.
It is hard to measure the commercial viability of the platform due to the wide variety of commission models possible to implement The economics of the token is not given. It is unclear how the tokens will be used in the system.
The token distribution is not given so the company valuation is unclear. The hardcap is not given. The provided expenses distribution is sketchy and does not give a clear understanding of the funds allocation. The price of the token is not given.
the experience of the team members does not seem enough for the project development, considering the amount of work needed to be done. The LinkedIn profiles of some of the team members are not available to check. There is no information about the previous experience of the CTO of Power.
The Blockchain technology market is estimated to grow from USD 210M in 2016 to USD 2312M by 2021 with the CAGR of 61.5%, according to Sonnets Project. That is why, the development of infrastructure solutions for the blockchain technology has large growth opportunities. Even though Power does not have direct competitors, there are several projects that have already created and launched somewhat similar products. They are NEM, HyperLedger, Exonum, EOS, Cosmos Network. EOS has one of the largest caps in the market and is supported by a large community, Cosmos.Network has a good technical background, the rest also have larger communities and have already released products to the audience.
Power aims to create appplied solutions and instruments for business development in the new digital age. For this purpose, Power develops Smart Blockchain Environment that includes 3 main elements: 1) Power Wallet - multifunctional app for getting access to the power network 2) Power Store - marketplace for distributing content 3) Power Hub - platform for communication and development of customized tools According to the official telegram chat, the working blockchain was launched on the 12th of April 2018. However, it is not possible to publicly test the MVP. The blockchain with customizable subchains has already been developed. The development of smart contracts, blockchain infrastructure services, and API's documentation is still in progress.
The economy of the system consists of two main elements: the basic layer and the customizable layer. The basic layer of Power aims to meet two criteria: 1) minimum volatility 2) competitive cost of services. To ensure minimum volatility, XDR-based (SDR) tariffs are introduced. SDRs were created by the IMF in 1969 as an additional international reserve asset. IMF daily publishes the ratio of the XDR index to the world's 20 major currencies. The customizable layer is built based on the main layer. Using smart contracts, the services economy offers an endless variety of customization tools. The owners of the projects can develop the rules by which their projects will function. On the Power platform, customers can create their own payment systems, tokens, loyalty programs and many more. In this case, payment methods for Services in the projects may also vary. The service fee can be measured in percentage terms, can be fixed, or may consist of any combination. The commission can also be equal to zero, and can be paid at the expense of the seller. Moreover, "reverse commissions" are possible - material encouragement of the users. All standardized product solutions are available in Power Store in the form of templates. Any project that uses the Power environment can create its own unique economy.
The token distribution is not given so the company valuation is unclear. The provided expenses distribution is sketchy and does not give a clear understanding of the funds allocation. The token price is not given.
The project team consists of 4 founders and 16 members. Most of the core competencies are covered by the team members. However, the experience of the team members does not seem enough for the project development, considering the amount of work needed to be done. For instance, none of the team members has international experience. Nevertheless, the team aims to expand its operations globally by 2020. There is no information about the previous experience of the CTO of Power.
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