Airchain Network

Sending parcels through a third-party traveler potentially decrease transportation time but here are some obstacles. Three significant parameters are crucial when choosing the transportation service: time, security, price. The platform aims to be the best combination of them providing the best service, but in fact this type of transportation is likely to face up to the lack of trust. Customers are likely to choose the best security and different combinations of time and price. It may be well established DHL or FedEx with long time of delivery or transportation services with express delivery and premium price. Therefore, Airchain will suffer tough competition from such services. As the result Airchain may only capture a bit small market share on this market. Partnerships with Amazon (AWS) and Selfkey are to increase operation efficiency of the platform. The platform includes a third-party traveler to be a deliveryman for small reward. Therefore, there are no transportation companies included in a value chain and the trust is based on this third-party traveler. The business model is likely to face up to scalability obstacle as these travelers are rare participants. It is a problem of some legal-tech companies in aviation industry. It is also a barrier to users due to the lack of trust to such travelers even passed KYC (in comparison to established companies). The platform enables secure deals thanks to smart-contracts and parcel tracking. Roadmap is not detailed enough and consists some unclear points like «Ideas and market research» for 2-3Q 2018. Current stage of product development is demo without any significant functions. ERC-20 token issued will be exchanged to the token of the own blockchain later. The only advantage blockchain carries here is smart-contracts implication for secure transactions. But own token and further own blockchain have no rational grounds as it give no significant advantage to the product. Product functions are possible to be developed with Ethereum smart-contracts and token. Hardcap is 25M USD that may be considered as overestimated for the platform’s functions. Moreover, the company does not describe in details how it will use funds raised and how they will be structured. The team does not provide any financial estimations of the future operation. Token pool distribution look fair but the team’s part is overestimated too. Information about team team is a bit poor as half of them have no link on LinkedIn. CEO worked in Google in R&D and has been a Head of Development in Yandex for 2.5 years. Developers have less experience in relevant fields. Moreover shipment specialist with industry expertise have not been found.