TOTAL RATE: 7/10
As we see, All the team has expect able experience on building block chain solutions, additional to their declared tech resource and development. They got remarkable progress toward main net launch. But they are almost exclusively compromised of devs. Also no pilot-projects or any established partnerships or merchants announced
As we review ICO joins the crowd of protocols looking forward to create interoperable blockchains – which is no longer an awful thing. Clearly there will be no ‘one chain to rule them all’, and consequently solutions that allow for disparate block chains to communicate successfully will be in excessive demand as company adoption increases.
IRIS is included integration to legacy enterprise systems which, theoretically, must allow for mainstream usage earlier than the creating block chain ecosystem is mature. If IRIS can on-board important customers at a formerly stage than other interoperability solutions, it ought to have an aggressive advantage.
But right now, we are worried this gain may also be squandered: there is built-in dependence on the Cosmos network, and little seen proof that the dev-heavy group is maximizing a key benefit of using onboarding partners. They have the proper idea, and now and again, that’s ample – but it’s all about who buys in.
The IRIS Network ICO and IRIS token sale are elevating money toward an inter-chain provider infrastructure and protocol. IRIS Network lays the groundwork for a community of distributed ledgers successful of integrating disparate enterprise services, which include public and proprietary chains in addition to business enterprise legacy systems. IRIS Network is itself an occasion of Cosmos, and will increase the interoperable ecosystem as a regional hub.