We are building MONET, an open-source infrastructure for distributed mobile peer-to-peer applications.
MONET is a public network architecture based on mobile ad hoc blockchains, where groups of people involved in any task or activity can effectively form temporary networks with their mobile devices, and coordinate themselves without delegating full responsibility to trusted third parties.
2018 - 2020
Attention. There is a risk that unverified members are not actually members of the team
Strength and Opportunities:Just as for any blockchain solution, Monet will provide better privacy and data protection to users compared to centralized architectures. Another advantage is that Monet will charge users less for exchanging services compared to centralized platforms such as Uber or AirBnB. Blockchain technology if implemented right represents a better and more cost efficient tool to solve the needs of a marketplace compared to centralized marketplaces. If the setup presented by Monet will work out as planned the TENOM token could represent a very powerful mechanism to align economic interests of different actors in a local marketplace.Weaknesses and Threats:Since Monet Network is using an equivalent of the Ethereum Virtual Machine the question remains how much proprietary software Monet will contribute to its project. It is unclear which milestones Monet has achieved so far apart from the release of the modular Babble blockchain. The roadmap is vague and no private investors have been released so far.Monet Network is not the only attempt to serve marketplaces with blockchain technology. Other solutions, such as Origin, which is build on Ethereum, are focussed on the same market niche, and count with more developers and external funding.Verdict:Babble and Monet represents an interesting concept, especially with the focus on mobile on demand marketplaces. However, the development of the project and the formation of the team may not yet be in such an advanced stadium that make a successful implementation and a subsequent thriving market launch very likely. Investors into the platform need to monitor the development of the platform closely. Securing of additional funds by a venture capital firm that performs an extensive due diligence would be another positive indicator.
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