Review of Blockcloud(BLOC): BB — Stable Outlook and Moderate Risk
TokenInsight has recently published the rating report for Blockcloud(BLOC), which has received a project rating of BB with a stable outlook.
❔What is Blockcloud:
Blockcloud is a next-generation internet low-level network protocol based upon blockchain technology.
Key Points:
✅ The project leans towards application in intelligent transportation, smart homes, smart medicine, edge computing and other areas.
✅Blockcloud doesn’t just operate in the IoT area — IoT is its priority for development, with the largest potential for building applications.
✅The project uses a Proof-of-Service (PoS) mechanism to confirm service quality, incentivizing service issuers, through smart contracts achieving Truthful Continuous Double Auctions (TCDA).
✅The project’s token has a reward mechanism, but the concrete governance details have yet to be revealed.
✅The project team has relatively strong technical skills and IoT development experience; the consultants’ committee members are powerful and well connected, but the team members have relatively little development experience in blockchain technology.
✅Blockcloud doesn’t have a direct competitive relationship with low-level public chains like Ethereum and EOS, and it has a first-mover advantage in the area of network protocols.
✅The project has a relatively large number of observers, and through the influence of the sale of BLOC on the OK Jumpstart Token platform, its recent community activity has been relatively high.
Result:
TokenInsight gives BB to Blockcloud with a stable outlook. Overall, the risk of Blockcloud is moderate.
About TokenInsight
TokenInsight is an independent third-party data analytics organization whose focus is to provide accurate information and ratings on companies developing in the blockchain industry. TokenInsight is dedicated to providing accurate ratings, research, and analytics that contribute to intelligent financial decisions and market transparency.
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