While Trias has developed a partnership with Beijing University through the formation of a joint research lab, cooperation agreements with enterprises and other blockchains that would benefit from a layer integration have yet to be established.Formation of real partnerships that demonstrate the myriad of potential use case scenarios of Trias will be an important stepping stone for the product. As of yet, progress in this area remains scarce and the roadmap provides little indication of what strategies Trias plans to deploy to this effect.
Trias proposes an innovative solution that utilizes hardware-based attestation and graph computation algorithms to gain an advantage over other projects operating in the high throughput blockchain sector. In addition, Trias is aiming to break the dependency projects that incorporate TEEs have on the hardware technology from a single provider, and currently the Intel SGX-based consensus requires user to be dependent on Intel’s centralized online verification service. Trias will provide support for ARM, Intel TXT, TGC TPM, and TrustZOne, and open up a wide range of options to projects that are used to relying on Intel SGX integration.On top of this, Trias is backed by an accomplished team with solid academic and professional backgrounds, and the presence of funds such as NEO Global Capital, Kosmos, Reflexion, and DHVC highlight that the team are close to developing something special.Despite these positives, there are a number of issues that the team need to address, and currently there is no code for the community to review, and the team also have not released a business plan or elaborated on just how they plan to foster adoption of their solutions. Additionally, Trias is operating in a competitive sector that has an ever-increasing supply of similar blockchain projects and they will have to position themselves to get and stay ahead of all their competition.Having said that, it is expected that the team will leverage the experience and business network built by Octa, and move to establish themselves within the Chinese market. While the project looks promising, it is still too early to make a solid conclusion as the final verdict will depend on the hard cap and token economics, and this review will be revisited once the Trias team release their token economy whitepaper.
HCGraph plus TEE is definitely an innovative solution for resolving the current blockchain issues. The CEO and CTO have proven records of the research/patent in trusted computing field and the tech team also shows strong technical experience in blockchain. As there is no published information about their token metrics, advisor and ICOs Github code, it’s still too early to assess the performance of the TRIAS ICO and whether they will be able to deliver as they’ve planned.
Strength and Opportunities:Trias counts already with several early stage investors including Neo Global Capital, DHVC, Kosmos, and Reflexion. These investors are validating the approach of Trias and send bullish signals to ICO investors. Similar to the smart contract platform Cardano, Trias counts with a strong involvement with the academic community. The team members count with a good research record in the field and hold even various patents.Weaknesses and Threats:Trias will need to find a strategy to flourish in a field where many other successful ICO project have already positioned themselves well. It will need to convince other platforms and enterprises of their approach and why it is superior to existing solutions. Adoption of Trias has so far not started.Verdict:Trias is an interesting project at the intersection between blockchain and Trusted Execution Environments. Whether this combination will be meaningful for the cryptocurrency space is yet to be seen. Nevertheless, the strong background of the team in this field and the successful seed round point towards a solid ICO performance.