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Ratings ELAMACHAIN

Hyperledger Fabric-based Emotional AI Platform

ELAMACHAIN is an emotional AI platform integrating blockchain technology and AI services to meet the needs of individual users and businesses in connection with existing ecosystem. ELA Coin(ELAC) fuels that ecosystem built on AI designed to answer human emotions, while it provides maximized utility to users of ELAMACHAIN platform. ELAMACHAIN’s ecosystem and scalability covers the territory of the “real-world” untouched by precedent blockchain projects, ranging from application of AI services and practical – and convenient – usage of cryptocurrency in daily lives and businesses.

4.2
3 2 expert ratings
Benchy 3.9
KYC
Experts
4.5
5.0
4.0
Review: coming soon PRO
Ended
Token
ELAC
Type
Price in ICO
0.0800 USD
Country
Whitelist/KYC
KYC
Restricted areas
USA, Canada, China
ICO start
6th Aug 2018
ICO end
1st Oct 2018
Visit ICO website
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Changelly

Ratings

All ratings published on ICObench serve informational purposes only. ICObench does not provide investment forecast, recommendations or any consulting for that matter. Thus, neither ICObench, nor the experts can be hold responsible for the visitors’ investment decisions. Read more
Juan Pablo Fernandez Aguero
CEO | ICO IEO Driver | Startup Advisor | Blockchain Consultant
Rated on Sep 13, 2018
5
5
4
24%

Team ★★★★★
Vision ★★★★★
Product ★★★★

This is one of the great project on blockchain.
It's designed to give maximum happiness to the user by providing user experience optimized to your emotional preference.
This project is perfect combination of AI + DPKI + Distributed storage + Blockchain.
On top of that your data is secured in HyperLedger fabric, permissioned blockchain.
This project contains all the elements of humanity plus privacy protection plus financial advantage.
Hope this project will succeed surely as it's trying to make every individual happy in this world :-)

When they have a mvp and some data updated like hardcap/softcap, I will raise the rate to 5

+3Agree
+2
-1Disagree
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Hoon ChoICO team member replied on 17 Sep 2018
We have revised Elamachain's ICO profile now. It now shows its soft cap and hard cap.
Conston Taylor
ICO Advisor | ICO Analyst | Blockchain Researcher
Rated on Sep 26, 2018
Modified on Sep 26, 2018
4
5
4
21%

This is a very ambitious project, yet simple in concept. Create a learning bot, that stores data on a secured permissioned blockchain.

The natural question is how does this differ from Google, facebook, Amazon's initiatives to provide AI assistants?

They addressed in the whitepaper by the fact that with the traditional powers the users data is not private.

I am familiar with hyperledger fabric the blockchain upon which the AI will be built. The challenge is that because hyperledger is 'permissioned' meaning that it is a private blockchain, adding additional users to the platform could prove challenging. It seems as though it would be better to fork hyperledger and create their own private blockchain which would resolve this issue. There may also be fault tolerance issues with using hyperledger. These are not fatal flaws within themselves but things that need to be worked out.

The team overall looks very capable, the greatest AI experience comes from the founder which has experience building a platform trading bot. This project is a huge leap from building a trading bot, but if he succeeded with that it is possible that he can figure this out.

Many non core team members linkedin profiles are not present and I was not able to review them. They don't have a working prototype yet, but I understand they are working on it, and will give the benefit of the doubt here and will adjust the product score when I see an MVP or prototype.

The hard cap of 52 million seems high. I would like to see how those funds will be used.

I like the gamafication portion where users can earn rewards by checking into places. This will be key towards mass adoption.

This is not financial advice or a recommendation to invest in this or any other ICO. Investors must perform their own due diligence and not rely on external ratings to make their final investment decisions. ICOs are risky and 100% loss of capital is possible.

+2Agree
+2
Disagree
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Benchy
ICO analyzer bot
3.9
54%

Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.

Ratings and ICO analyzer results are being updated (re-calculated) every few hours.

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ICO KYC Report
2 members invited
Deokho(Kevin) Kang
Passed
Terry Na
Passed
KYC procedure verifies selected/specific team members only. It does not guarantee ICO success nor is a call for investment.
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