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Elastos will be a platform for decentralized applications (Dapps) that runs on a peer-to-peer network with no centralized control.
dApps within the P2P network aspect of the Elastos OS and the DID’s, offer a high level of security but this is not the main selling point. The most significant part of the dApps on this chain are that they will have their own sidechains/tokens for whatever utility they serve. Zapya has over 500mil users on its P2P file sharing network and is partnered with ELS. Scarcity is how Elastos talks about facilitating a real world digital asset economy and this is why they say their target market is the whole of eCommerce. The advanced security and speed is the support on which the product is built not the primary driver.
Elastos = Trustworthy Ledger + Smart Contracts + Monetizable dApps and Digital Assets.
Ethereum = Trustworthy Ledger + Smart Contracts
Bitcoin = Trustworthy Ledger
The Elastos ID service and framework for mobile web applications are the most significant targets in the 2018 roadmap.
INITIAL COIN OFFERING (ICO)
15% – Angel Investors
24% – Private & Public Crowdfunding
11% – Elastos Foundation
Creators / Founders
Used to work with Microsoft and has been working on ELA for 15 years and director of Tsinghua University iCenter.
Feng Han – Cofounder
Advisor at Huawei Central Institute
Core Development Team
Yipeng Su – Chief Architect
Hongjie Hu – Chief Secretary
Fay Li – Chief Marketing Office
Heng Li – HR Director
Hongfei Da – Independent Director- Founder/CEO of NEO
Jihan Wu – CEO at Bitmain
Xueyong Gu – Professor at Tsing Hua University.
Additional potential investors/partners linked to Elastos: Alibaba, Huawei, JP Morgan, AVIC (Aviation Industry Corporation of China, Fortune 500 company), Tencent, and Foxxcon Group (world’s largest electronics manufacturer. Heavily invested early with $31million to ELS for R&D)
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