Is Open platform worth the investment?

on
ICOs are gaining more popularity around the globe day in and out. This is due to the possibility of high ROI it offers. Nobody wants to miss the possibility of investing in the next Ethereum or Bitcoin like projects. The questions that lingers on people's mind Is, how to identify the good ICOs from the bad ones in a pool of ICOs.
Personally I consider a lot of factors while analyzing a project. I will use these factors to analyze Open platform whether it is worth investing or not.
 Photo by rawpixel.com on Unsplash 

The purpose of the project

Does the project solve a valid problem or not?
With the current rate of adoption of cryptocurrency, the need for a link between existing centralized applications and Blockchain cannot be overstated. Developers find it difficult to integrate existing centralized applications to the Blockchain without having to redesign the system or retrain themselves. For businesses to integrate their existing platform on the Blockchain in order to better manage their data and provide quality services for customers in a more secure and transparent way, they have to hire experts to successfully carry out the integration without tampering with the quality and productivity which could be costly.
Open platform is the decentralized layer between centralized applications and Blockchain. It is created to solve the problems encountered while integrating off-chain applications with on-chain payment gateway. It serves the purpose of integrating decentralized payment gateway on centralized applications.
Open is created to solve a valid problem which indicates how valuable it could be.

Working prototype

The presence of a working prototype shows how committed the team is to the progress of such project.
Open platform tested their MVP on testnet in February and presently has partnership with Zensoft which is a reputable company. This indicates that Open is no longer just an idea but already a reality. It will boost the confidence the community has in this project, because it will be seen has a huge step in the right direction.

The Team

“Alone we can do so little; together we can do so much.”–Helen Keller
Open platform team consists of 10 members who are experts in different fields like Business, technology, Blockchain tech.
The CEO, Ken Sangha is a professional startup advisor and entrepreneur. He has experience in developing startup business and has successfully founded businesses like Quartz Development in Toronto, DoublePlay entertainment Inc in Toronto, he is also the co-founder of AdX (MobileAdtech), Palo Alto. I strongly believe Ken Sangha has the necessary experience and skills to lead this project forward.
Another important personal on this team is Alvin Lau, the managing director, with nothing less than 11 years experience in technical project management. He has worked as a project manager in PGH Wong Engineering, Inc. a reputable engineering firm and has also work at RJC engineers, which is the largest independent and Canadian-owned engineering firm. Alvin Lau is more than capable of performing his study in this team.
There are many other professional and experienced personal on this team who are equally capable of making this project a hit.
From the above analysis I strongly believe Open platform will be a successful project.

Official contacts

Disclaimer:

This is my personal estimation about this project. I would propose you do your own research about this project before you invest in it as I am not a business advisor or analyst. I shall not be deemed responsible for any profit or loss incurred for investing in the project. Thank you 

Comments

Post a Comment