The cosmochain ecosystem comprises three different asset classes: two tokens managed by the blockchain (Cosmo Coin / Cosmo Power) and a third in-platform index (Cosmo Level) for expressing the contribution level within the platform.
From a user's perspective the platform has five key features:
Attention. There is a risk that unverified members are not actually members of the team
Size of Potential Market
The cosmetics industry has seen tremendous growth over the past few decades. Analysts at Goldman Sachs estimate that the global beauty industry market is growing up to 7% each year, which is more than twice the rate of the developed world’s GDP. If Cosmochain can have cover a small chunk of this rapidly growing market, its valuation would be big enough to ensure sizable profits investors and a sizable market capitalization. Competition Although, Cosmochain is unique in its niche, it may face indirect competition in the Blockchain space. Nucleus Vision is one such competitor, aiming to do something similar for the retail industry, and it plans to enhance the average individual’s shopping experience. Nucleus Vision can easily take over the market from Cosmochain as it is operating in a much broader niche and is further ahead in the development. Moreover, Cosmochain is trying to build a reward engine for content creators which is very similar to Steemit. The only advantage Cosmochain can have is that it would be targeting a particular niche while Steemit is more for the general population.
The essence of the Cosmochain platform is the collection and management of data using blockchain technology, and the key data here is each customer’s basic demographic information, and also cosmetics-specific data such as skin type. Such personal data are used only within the Cosmochain platform and are selectively filled out by customers. Cosmochain’s architecture is made up of three layers – the database, platform, and application layers. All information created and shared within the platform are managed securely by the blockchain. All individual customers and participants can exercise ownership and management right of their own content, and all platform users can receive compensation when data and content are shared with company participants. To put it in a nutshell, Blockchain technology allows Cosmochain to offer extra security for all of the platform stakeholders.
Cosmochain has made their Github public and are transparent enough to highlight where they stand in terms of development of the platform so far. However, the information about their progress in regard to the Alpha version is not available. Also, the selection of EOS as the main Blockchain used for the Cosmochain platform has been recently announced which is not touched upon in the documentation.
The roadmap highlights the major milestones for the next 12 months, and the team presented a vision on how they will expand their business and potential reach in the market. In fact, Cosmochain is targeting cosmetic companies based on their varied use cases. The team also have a plans in place to onboard various bloggers and social celebs who should give initial boost to the live platform once it will be in place.
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