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SilkChain
The First Blockchain Based Platform in Global
SilkChain is the first blockchain project dedicated to improving international trade. For its fundraising, the project has gathered the most influential members and participants. The project has gathered world leading business groups, trading companies, e-commerce companies, logistics, warehousing and finance companies from around the world. The participants involved firmly believe in the mutually benefital, mutually trusting principals of the project. The members are committed to transform their respective centralized systems to a decentralized, open, transparent, trusted ecosystem. We are united around the goal of sharing more resources, and profits to create a bigger, and more efficient market to improve the long term sustainability of global trade.
In recent history, globalization has evolved over four major stages: commodity globalization, capital globalization, information globalization and data globalization. As a dominant form of interaction between nation states, international trade is undergoing rapid digitization. As the WTO has lowered the barrier for international trade in the past decades, the emergence of the internet has reduced information asymmetries across countries. These two factors have contributed chiefly to the rapid growth in international trade. According to figures, in 2016, the total global import and export has reached USD 31.15 trillion, is equivalent to the combined GDP of China and the United States. A global trade system with unprecedented size and scope has emerged as a result.
Unfortunately, crucial obstacles still persist in four critical aspects in the current trade system: business flow, goods flow, capital flow and information flow. Lack of fundamental improvements in these four areas has become a drag on the growth of international trade.
1. Business flow —— high cost of trust and credit building between parties.
2. Goods flow —— high cost of tracking the entire supply chain, and difficult to accurately and reliably trace the source of goods.
3. Capital flow —— Long cross-border settlement period, lack of cost effective financial support system, which is of particular importance to small and medium-sized companies.
4. Information flow —— fragmented trade information and centralized service platforms.
ADVISOR | CONSULTANT | EXCHANGES Listing Rated on Jun 2, 2018 Modified on Jun 2, 2018
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13%
Very ambitious project, but is difficult to implement. 55 000 eth soft cap? I am not sure it will be achieved. In the second quarter of 2019, the stated cooperation with the Bank of Bahrain. See no confirmation this. Marketing and advertising project is not very global, so I doubt in achieving software cap. Community 10 million people? Do not see the proof of this. Stated 100 team members, but on the icobench see other number of people. This is the tenth project, which States that he blockchain 3.0. 20% of tokens for the founders and team ?? You seriously? Only 25% of tokens for sale, high risk for investment. Not found mvp
ICO Advisor | ICO Communications Expert Rated on Aug 16, 2018
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13%
With such an ambitious project and a high hardcap, this team is too thin and lack a lot of positions especially for this big project.
If I wan an investor, I would not go with this project frankly. Let's have a look at team members and advisors, you don't know their role, writing them as member is too general. This is the pitch for marketing and sale.
Entrepreneur | CEO | ICO Advisor | Crypto enthusiast | Blockchain expert | Public speaker | Mentor Rated on May 27, 2018
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5
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13%
UPD. Was:
I saw a good, big team at first glance, but when I went to check their profiles, many didn't mention the project at all or the accounts were created just recently.
Many have too few people and questions regarding working experience.
I also did not see the MVP (minimal viable product).
And the Soft Cap is too big, and this is a risk for investors. Do you really need $55 million for the minimum functioning of the project? I don't really believe in it. Opinions I have so far are contradictory.
Now MVP is ready, KYC passed, Soft cap changed. Good job guys! Good luck!
The team seems to be excellent at first sight, but it is unclear what role it actually plays.
Soft cap is too huge. I can not measure the possibility of realization. Moreover, I think that it is necessary to review the financial plan to see why such a huge amount of money is needed like this.
CEO and Founder Perhalic, ICO Advisor, Investor, PR and Marketing Expert Rated on May 21, 2018
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12%
Team:
Lots of red flags ...... some team members have very poor LinkedIn profile ... and some don't have any LinkedIn ....
Vision:
I have been added twice in silkchain grp without permission and I leave 2 times.
Soft cap is huge .... without proper marketing it would be hard to raise this amount .....
Don't find any MVP ......
Update rating
They have mvp they send me the mvp link
Hi, dear expert.
First, thanks for your comments and your attention to our project.
1、 About the Linkedin, Linkedin was updated. We want to explain that some people are traditional businessmen, and some people are from China, they don't use the LinkedIn, but all of these people are real one. About Our team members and teamwork, You can check this URL for more details: https://samira777.imgur.com/all/
2、Then, about the telegram group, sorry for it and thanks for your advice, we have solved this problem. I still hope you will like our group.
3、The softcap of our ICO project SilkChain has been updated. we accept your advice and adjust it to 17000ETH, but we still have confident that we will do it well.
4、 MVP has been updated on the platform.
The URL: http://dragonsilkapi.osell.com/app/Download_en.(The invite code is 4RG5).
SilkChain is really amazing ,we hope you can check it again .Thanks again for your advice and your attention to our project.
Well written WP, an ambitious project with a great vision. The project has a lot of interesting features. Removing or lessening the hurdles and obstacles to cross-border trading is always desireable; I am a strong advocate of a globalised and transparent international system for trade. If all goes well, SilkChain might be the gamechanger that the industry has been waiting for. I wish the team a great success and good luck!
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.
Silkchain whitepaper issued for Ethereums ERC-20 protocol based token offering.
2
2018 Q2
Launch of SilkChain 1.0 Testnet, supporting sBFT consensus, reaching 500 tps.
Launch of cross-chain unified API TurboSDK, supporting Ethereum and SilkChain 1.0 Testnet.
Launch of WYSIWYG BPMN editor TurboBPMN, supporting Ethereum and SilkChain 1.0 Testnet.
DApps based on Ethereum available for testing.
3
2018 Q3
Launch of cross-chain digital assets transfer protocol DATP.
4
2018 Q4
Launch of SilkChain 1.0 Mainnet, supporting multi smart contract tiers, integration of CryptoApps, more pluggable consensus mechanisms, reaching 2000 tps.
Launch of CryptoApps specifications and CryptoApps store.
Launch of SilkCredit based on SilkChain 1.0.
5
2019 Q2
TurboSDK and TurboBPMN supporting for EOS, SilkChain 2.0 preview.
Launch of SilkFinance, SilkExchange.
6
2019 Q3
Launch of SilkContract, SilkSupply, SilkB2B.
7
2019 Q4
Launch of SilkChain 2.0, reaching 10000 tps.
Launch of BaaS platform.
Launch of other DApps developed by community partners.
