Jun 15, 2018
Path’s goal is to create a globally distributed and decentralized monitoring node network that connects unused bandwidth and computational power to users looking for uptime and performance monitoring for any type of online service. Anyone with a computer or phone can download Path’s transparent and non-resource intensive mining client to rent out their device’s bandwidth and computational power for Path Tokens (PATH). Hundreds of thousands, if not millions, of path mining nodes will then be able to provide unprecedented visibility into the internet, making it the leader in internet uptime and performance monitoring solutions.
Path mining nodes can be run via computer browser plugin, phone application, or on linux based operating systems, and will automatically run in the background when you choose them too. Path will send job orders to be filled by these mining nodes, rewarding tokens for their completion of such jobs. The amount of tokens awarded will vary on the type of job completed. Users will be able to toggle what type of jobs they wish to perform as well as turn off and on the mining service whenever they please. In addition, miners can opt in to contribute to Path’s free global internet monitoring service. As the platform progresses, more options and features will be added to the miner and monitoring service.
Path's nodes used to monitor and collect information are made up of distributed independent monitoring nodes, located at the end user level, rather than the datacenter level. This allows for a variety of data gathering points with built in redundancy, end-to-end visibility, and a larger number of monitoring locations around the world.
Path’s monitoring node client will start by being offered as a Chrome browser plug-in. When running in the background, it will complete jobs and forward the encrypted information it collects to Path’s database. Once the cycle of performing the job and forwarding the information to Path is completed, the node will be rewarded with a portion of a Path Token.
The Path platform will offer the following services:
MARCH 1ST, 2018: Friends and Family Presale
MARCH 23RD, 2018: Private Token Presale
MARCH 28TH, 2018: Public Beta Launch
JUNE 16TH, 2018: Public Token Presale
AUGUST 8TH 2018: Token Crowdsale
2018+: Future Development
Attention. There is a risk that unverified members are not actually members of the team
$12 300 000
PATH has already released a beta of the mining node browser plugin and is waiting for feedback from the pre-approved users having access to the beta version. In the future PATH is planning to add such features as Synthetic Interaction Testing, Page Speed Monitoring, DDoS Attack Reporting, and CDN Performance. So, PATH has a good idea, clear vision of a way to beat their competitors, beta version of the product, solid team. If they improve their marketing campaign and keep their roadmap, the project has an excellent chance for success.An excellent idea of implementing mining and monitoring nodes on user devices instead of building extremely expensive infrastructure can move the project on top of the uptime and performance monitoring industry.
Strength and Opportunities:Path has already managed to convince a broad range of investors to support the project. Among them are Bitmain, INBlockchain, Crypto Capital, BitForex, Eastern Capital, Hash Finance, Currency World, Mars Finance, and Happy East Capital. Additionally, the team counts with solid advisor profiles.Weaknesses and Threats:It seems that a lot of the services that Path wants to provide are already provided pretty well by centralized agents. Today several applications and marketing dashboards exist that provide instant email, SMS and API notifications in case of server downtimes at very affordable rates. A strong question mark remains whether the problem that Path is solving needs to be solved by a blockchain network or whether existing centralized solutions are better suited. Also in terms of website analytics, which is a field that Path wants to serve, there already exist powerful competitors such as Google Analytics. Path Network requires one million nodes in order to achieve global coverage for its service. It will be very difficult to achieve that high number of nodes. In the meantime the service is basically useless compared to already existing and functional centralized solutions. Website monitoring is a service that is often purchased together with a bunch of other services and not individually. For these reasons several large enterprises that are potential users of Path are customers of an existing marketing analytics dashboard that includes website monitoring. Due to the other services provided by the dashboard the enterprise may not change service provider since it is the entire bundle of services that creates the value for the customer.Verdict:Path Network is serving a very specific and certainly profitable niche market. However, not all kind of services that are offered on the internet require a blockchain based solution. Path may not have a strong competitor at the intersection of blockchain technology and the website monitoring market, but it is unclear whether the blockchain powered solution offered by Path will provide a more convincing alternative to customers than the established centralized solutions. The main competitors of Path will be the big established centralized counterparts. Offering a better and cheaper alternative will be the hardest challenge for Path and will decide on the long term prosperity of the PATH token. In the short term the indicators for the ICO look positive.
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