iagon

IAGON is a platform for harnessing storage capacities and processing powers of multiple computers over a k decentralized block chain grid.

PROS:

• Large data storage: This is achieved through  Data Lake  architecture based on the implementation of  NOSQL central database  where large amount of small and big files can be easily stored and carry out complex computational processes for the users by Artificial Intelligence and Machine Learning operations
• Security:  The use of machine learning algorithms and encryption protocols enables the platform to provide secure methods for data storage that is inaccessible by any other party apart from the owner. A further security  is that it identifies digital fingerprints associated with request going through the servers to identify if the request is a honest node
• The decentralized grid for storage  and processing enables the platform to create a super computer data centre  that compete the current cloud computing and enabling the users to access their data in real time
• The platform ensures that the users are able to access the storage and processing at lower prices with better security level connecting data controls and enabling users and personal users to utilize the free storage capacities in their CPU and GPU
• Mining : The platform is able to generate higher revenues through sharing computer services, power and data storage that are easily accessible to all the users
• The Iagon smart grid  fulfills the demands for of necessary resources ,connects multiple producers to customers and enables transfer of used resources to customers in case of need
• The team involved is credible ensuring that the project is fully implemented under the guidance of the CEO Dr,Navijit Dhalival  who is an experienced professional in data field of crypto currency and financial operations

CONS:

• The platform use with fiat currencies  and common currencies  is not highlighted
• The token Pre-ICO stage test for suitability is missing
• The project requires users to have full access to  internet which is not achievable in all regions

SUGGESTIONS:

• Configure the platform token  use with fiat currencies
• The good team involved should involved the token use in Pre-ICO stage to determine its suitability

MARKET
Market competitive environment
The team has published a document called "Competition Analysis". This compares the IAGON platform with the main decentralized platforms already in existence.
The size of the cloud services market providing both storage capacities and computational processing capabilities to companies and to corporates is estimated by 45 billion USD per annum and it steadily grows.
The demand for storage and for processing power is expected to exponentially increase with broadening the introduction of AI applications in new areas and with the widespread adoption of data collection from multiple channels (such as sensors, social networks, data providers, etc.) and later processing them.

Project advantages:
IAGON was built not only to serve the decentralized network but also work with current data storage facilities like SQL and NoSQL databases. The approach taken with IAGON is unique to the point that IAGON utilizes is machine learning algorithm to distribute load across a decentralized network for processing and then encrypts/decrypts data which flows through its system
One of the major uses of IAGON’s Secure Lake technology in encrypting, slicing and distributing the data lake fles is “freezing” the lake, that is prohibiting by means of encryption and decentralization of files any party from navigating within the data lake after gaining access to it.
IAGON ’s technology ensures that even when information systems are breached in any way, the data and files that they use cannot be accessed, deleted or modified in any way.
IAGON’s platform is fully decentralized and secure since it runs on Distributed Ledger Technologies (DLT) - there is no single point of failure or possibility of hacker attack.
IAGON uses the Proof-of-Utilitarian Work (PoUW),where the Iagon miner nodes need to proof the usage of their spare resources with meaningful computational work (CPU cycles and computer storage)
All customer files are highly secured, using Hash cryptographic trees, fragmented using sharding techniques, copied for redundancy, and distributed among several P2P miner nodes

What makes IAGON unique is the fact that IAGON is able to integrate seamlessly with current database architecture including SQL, NoSQL, Big data databases, private Blockchain, hyperledger, or any public Blockchain or decentralized network.

RISK ASSESSMENT
Strengths:
The cloud services market that provides both storage capacities and computational processing capabilities to companies and to corporates is estimated by 45 billion USD per annum and is characterized by ongoing and steady growth.
Iagon has closed agreements with Oracle, Ties.DB and HP Cloud28+ as strategic partners.
Miner’s application, Decentralized storage and Investor/user dashboard is completed.
Token has signs of utility-token
The project developers use a combination of machine learning algorithms, neural networks and the Blockchain/Tangle
According to the audit report of the smart contract of May 20, 2018, the project has no remaining security concerns about the Iagon Token smart contracts, as all detected issues were either fixed or addressed.
What makes IAGON unique is the fact that IAGON is able to integrate seamlessly with current database architecture including SQL, NoSQL, Big data databases, private Blockchain, hyperledger, or any public Blockchain or decentralized network.
The Alexandria Protocol uses AI techniques for continuous analysis of the distributed computing performance parameters of miners and optimum resource allocation of peer-to-peer (P2P) Blockchain/DLT networks.
IAGON’s platform is fully decentralized and secure since it runs on Distributed Ledger Technologies (DLT) - there is no single point of failure or possibility of hacker attack.
IAGON uses the Proof-of-Utilitarian Work (PoUW),where the Iagon miner nodes need to proof the usage of their spare resources with meaningful computational work (CPU cycles and computer storage)
IAGON can work and partner with any decentralized computing processing and storage player - it can partner and complement other decentralized Internet infrastructure solutions, enabling a shared Internet economy
IAGON’s Alexandria Protocol is technology-agnostic and can work with any underlying Blockchain/DLT platform (e.g. Ethereum, Tangle IOTA, EOS, etc)
All customer files are highly secured, using Hash cryptographic trees, fragmented using sharding techniques, copied for redundancy, and distributed among several P2P miner nodes
IAGON will partner with data centers, distributed cloud storages and others to increase IAGON’s miners global presence. Currently Iagon has closed agreements with Oracle, Ties.DB and HP Cloud28+ as strategic partners.
Currently, the marketplace offering is integrated into Iagon’s existing app that also allows users to sell and buy storage capacity.
Weaknesses:
Low interest from the community
Hardcap 50 000 ETH is high (optimal is $ 6-8M for the current market)
It’s not clear how technically will be performed revenue share distribution.
Part of the advisors performs a nominal role and they are working on many projects at the same time.
There is no confirmation of partnership with BitNautic in the open sources;
The project does not provide mechanisms that protect investors from misuse of funds by the project's founders.
Low finance indicators of fundraising, capitalization, and ROI of similar projects.
Hardcap is 10 times higher than softcap.
Bonus and price for the Private Sale are unknown.
A bonus up to 50% is high. Optimal bonus is up to 30%.

Strong team, project and overall vision. Yes, it is a tough space with many projects competing for it, but Iagon may be able to pull ahead with the team build. Met the CEO, and am encouraged with his leadership.

IAGON has positive feedback from the community arising from a balanced marketing campaign. The information presented in the documentation corresponds to best corporate practices. IAGON has an extensive financial plan that is fully published. The project team discloses a five-year P & L (with a monthly breakdown in the first year), a revenue structure, cash flows, a breakeven analysis, etc. Such a range of quantitative information is very useful for investors, as it enables increased transparency for the project and the team’s strategy.

The most significant risk for the project is the powerful competitive environment in the cloud services market. The largest online companies have already claimed a large portion of the market, and competitive struggle constantly forces them to improve their services.

Currently, it is a utopian idea to count on driving out giants like Amazon. Claiming a market share with a decentralized service will be gradual, and the project will have to start small. This is understood by other decentralized projects as well.

The project that launches the first convenient service will gain an advantage. We hope that the IAGON team understands this risk and closely follows its competitors’ progress.