BLZ Overview:
Bluzelle (BLZ) is a decentralized database service using swarm computing. Users pay, or are paid for using or providing storage within the swarm.
Pros:
- The Bluzelle team and advisory board is exceptional.
- The company have realistic milestones stretching into 2019.
- The solution on offer is realistic and via tokens people can earn or utilize decentralized storage.
Cons:
- There is a lot of competition within the decentralized storage space all offering similar solutions.
- With a finite supply of tokens the availability might become stretched, or priced highly at times.
Comparison:
- Amazon Web Services
- Azure
- Rackspace
Competitors:
- Filecoin
- Storj
- Siacoin
2018 Market Outlook:
Value as of February 23rd 2018 - $0.565150
What is your target for BLZ by the end of 2018? Tell us in the comments.
Intelligentsia:
- Pavel Bains, Co-Founder and CEO of Bluzelle.
- Yubo Ruan, Advisor and founder of 8 Decimal Capital.
- Alex Leverington, Advisor and Core Ethereum Developer.
- 8 Decimal Capital and others as part of $19,500,000 US from Initial Coin Offering (ICO).
Milestones:
- July 2014, Bluzelle is founded.
- April 2015, launches Canadian Ripple Gateway connecting to Canadian Banking debit network.
- September 2016, builds Ethereum-based consumer mobile insurance application for global insurer AIA.
- July 2017, builds Ethereum-based insurance platform for a large Asian insurer.
Roadmap:
- April 2018, Minimum Viable Product.
- August 2018, desktop and mobile apps for interactive access.
- December 2018, NoSQL documents, collections, indices and partitions.
- April 2019, proof of storage challenge and rewards, proof of stake for farmers.
- August 2019, vertical, 2D partitioning, proof of redundancy.
- December 2019, multiparty encryption, complex binary blob storage support.
Supply:
- 500M total BLZ tokens were created.
- 33% (165M) sold to the public through private and public sale
- 22% (110M) retained by the Company for future use.
- 10% (50M) for the community and development pool.
- 15% (75M) for the founders.
- 5% (25M) for company employees.
- 5% (25M) for our seed investor True Global Ventures.
- 10% (50M) for advisors and bounties.
Function:
- BLZ is a utility token for using the Bluzelle decentralized database service.
- The token is easily attainable via exchanges so developers can use the service.
- Bluzelle (BLZ) has a fixed token supply. Owning a token gives access to a set amount of the capacity of the total Bluzelle Network.
- The capacity of Bluzelle will grow. Therefore, each token will be able to purchase a larger amount of total compute power / disk space.
Usage:
- The BLZ token is used within the Bluzelle system.
- To use or provide space you need tokens which keeps the ecosystem running.
- BLZ is relevant to ensure tokens earned via Bluzelle can be traded via exchanges for other product tokens.
The Official Video:
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