PikcioChain

The secure blockchain-based exchange for personal data.

About PikcioChain

Pikciochain is a blockchain-based exchange specializing in the collection, certification, and exchange of personal data, allowing users to monetize their data, and businesses to acquire and manage it. There are two services that provide access to PikcioChain: PikcioMe for individual users (suppliers of personal data), and PikcioPro for businesses (consumers of data). However, PikcioPro does not yet seem to be fully developed. Two other products are mentioned but with little or no supporting details: the Pikciochain Lab for developers and the Pikcio Token Sale Wallet for cryptocurrency enthusiasts. Competitors in this sector include: Civic, SelfKey, TheKey, DataWalltet, Remme, Poet, and others.

Token Sale Use of Blockchain

Product

2.6
Product
Readiness

Is the product ready for use? Is there a working prototype or MVP? How long until it is operational?

3.0
N/A
3 - Prototype / MVP / alpha.
Appeal

How appealing is the product? How good or necessary is it? Does it have a distinct edge?

2.0
N/A
2 - Meh, okay.
Target User Base

Is it mass market or niche?

3.0
N/A
3 - Has growth potential.
Competition

Are there many other similar solutions or is this one of just a few, or even one of a kind?

2.0
N/A
2 - Quite a few / somewhat better competitors.
Innovation

How innovative or inventive is the product, either conceptually or technologically?

3.0
N/A
3 - Partial, a novel approach or aspect.

Product

Products and user group:
? PikcioMe: for individual users (suppliers of data)
? PikcioPro: for businesses (consumers of data)
? PikcioLab: for developers (designers of smart contracts)
? PikcioTokenSaleWallet: for cryptocurrency enthusiasts (participants in token sales)
PikcioMe is an app / Dapp which is currently available on the Windows app store (with fewer than 100 downloads at this time). Notably, the PikcioPro feature that allows consumers to purchase data directly from users is not yet available. Furthermore, few details are provided with regard to the Pikcio Lab, which sounds like a GitHub of sorts for smart contract development – more information is necessary for a full analysis of this feature. The Token Sale Wallet is purported to streamline the process of purchasing ICO tokens, but no PoC or demo is available and very few details regarding this feature are provided in the whitepaper.

Product Whitepaper

Use of Blockchain

2.4
Use of Blockchain
Blockchain Development

Is blockchain technology essential? Does it make the solution significantly different and better?

1.0
N/A
1 - None; simple Ethereum based coin.
Disruptive Blockchain Advantage

How disruptive is the introduction of blockchain technology into the product's market space?

2.0
N/A
2 - Some, but not much.
Need for a Custom Token (vs. BTC or ETH)

Is the token essential or could it be done just as well or better with fiat or Bitcoin?

2.0
N/A
2 - Some, mainly network effect.
System Decentralization (besides token)

How decentralized is the system architecture other than the token (e.g., data collection, storage, access, and use, or decision making processes, etc.)?

5.0
N/A
5 - Fully decentralized.
Contribution to Blockchain Ecosystem

How compelling is the solution's contribution to the evolution of blockchain infrastructure and economy?

2.0
N/A
2 - Meh, okay.

Use of Blockchain

Pikcio is a a NEO (NEP-5) token. Pikciochain claims to use a novel ‘Proof of Usage’ consensus algorithm, but the whitepaper does a poor job of explaining it. The technical section starts by defining and exemplifying proof of work, proof of stake, and proof of activity, which are somehow combined to create proof of usage. Pikciochain utilizes the last-block-satoshi method instead of follow-the-satoshi, to speed up and linearize the time spent finding the current satoshi owner from the total satoshis exchanged in a given block. This method prevents hoarding and rewards spending. (Because follow-the-satoshi selects a random coin number, it incentivizes miners to increase their stacks so as to increase their chances of getting the rewards. This effectively incentivizes hoarding vs. spending. Proof of Usage uses a follow-the-satoshi-in-block, meaning that a coin is selected randomly from past transactions within the last N blocks.)

Use of Blockchain Roadmap

Whitepaper

2.2
Whitepaper
Comprehensiveness

Does it cover the full scope of the problem and solution?

2.0
N/A
2 - Insufficient coverage.
Readability

Is it easy enough to understand?

3.0
N/A
3 - Readable, takes some time.
Transparency

Does it candidly describe and disclose where the project now stands, how much exists and how much still needs to be done, etc.?

3.0
N/A
3 - Basic honesty with some hype.
Business Plan Presentation

Does it contain a viable, comprehensive business plan?

2.0
N/A
2 - Missing critical information.
Technology Presentation

Does it present a well thought out technological architecture? Does it address implementational challenges?

1.0
N/A
1 - Severely lacking.

Whitepaper

The Whitepaper is a medium length at 36 pages and reads more like a research paper. It begins by describing the new right of privacy laws and lays out the vision of Pikcio as the intermediary between data producers and consumers. There are too many ideas and products mentioned to focus on one. While for some products the explanation is sufficient, for others it lacks depth and technical analysis. There are few if any infographics or charts to explain novel ideas or trade paths. The only legal disclaimer appears on the very last page.

Whitepaper Compliance

Roadmap

3.0
Roadmap
Concreteness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

2.0
N/A
2 - Vague, noncommittal.
Feasibility

Is the development plan realistic? Is it based on reasonable goals and timelines?

2.0
N/A
2 - Very ambitious.
Vision

Is there a larger, long-term vision?

3.0
N/A
3 - A trend with potential.
Dependencies (services or capabilities)

How available, operational, or trusted are the other systems or capabilities on which the project relies?

5.0
N/A
5 - Available, trustworthy, recognized.
Current Position

Where is the project now, relative to its vision and plans?

3.0
N/A
3 - Getting there.

Roadmap

The whitepaper and developmental roadmap describe a host of past accomplishments but lack details regarding future plans and development. While a wide range of business opportunities is mentioned (financial services, medical services, KYC compliance, and more), current use cases are poorly outlined and explained.
Furthermore, the project appears to lack clear focus on its core objective (monetization of personal data via Pikcio Me and Pikcio Pro). The planned Pikcio Token Sale Wallet – with chat and file sharing features, social networking and news, friends and followers – is an entire social media network geared towards cryptocurrencies, and the Pikcio Lab is another side project, albeit with great potential, that could however serve to distract from Pikcio’s core objective.

Roadmap Company and Team

Compliance

3.0
Compliance
Token Utility (value through usage)

How much use is there for the token itself (regardless of its value as an investment vehicle)?

3.0
N/A
3 - Limited or uncertain use cases.
Token as Security (tradable instrument)

How valuable is the token as an investment vehicle or financial instrument?

4.0
N/A
4 - Not as such, or compliance is assured.
Token/Smart-Contract Readiness

Is the blockchain infrastructure of the project ready for use? Is there a working prototype or MVP? How long until it is operational?

2.0
N/A
2 - Proof of concept or test platform.
Attention to Compliance Issues

How much attention is given to compliance (via token and ecosystem design, token sale participation, etc.)? Is this issue addressed directly and coherently?

3.0
N/A
3 - Limited to blanket standard.
Legal Review/Risk Assessment

What kind of legal documentation (reviews or agreements) and risk assessment are provided?

3.0
N/A
3 - Semi-professional (e.g. Howey Test)

Compliance

PKC is currently a NEO (NEP-5) token. However, Pikciochain states an objective to launch a native token when regulations are more favorable. What that may mean for the PKC NEP-5 token is unclear.
PKC is neither a share in the company nor a cryptocurrency per se (no store of value), but rather a token (unit of exchange) which allows access to the platform’s specific services (data collection and verification), and as such has value primarily for potential users of PikcioChain.

Compliance Token Sale

Company and Team

3.6
Company and Team
Company Stage and Foundation

Is the company already established? Has it raised funds before? Is it mature?

3.0
N/A
3 - Company structure in place.
Background of Lead Team Members

Do we know who they are? Do they have LinkedIn profiles? Do they have solid, relevant backgrounds?

4.0
N/A
4 - Verifiable relevant experience.
Team Assembly and Commitment

Is a solid, fully committed core team in place? Do they have online (e.g. LinkedIn) profiles showing sufficient relevant experience? Is their participation transparent?

4.0
N/A
4 - Fully assembled and committed.
Team Skill Set Relevance

Does the amount of talent and skill in each area seem to fit the project requirements?

3.0
N/A
3 - Correlated to project requirements.
Team Skill Set Balance

Is the team well-rounded (biz/tech/blockchain)? Is there sufficient talent and skill in all areas of required development?

4.0
N/A
4 - Good, sufficient for each aspect.

Company and Team

There Pikcio team is comprised of 10 core team members and 6 advisors.
The team members’ experience appears to be relevant and additive. Members are visible and active on Linkedin / Github.
Most members appear to be fully committed to Pikcio, while being employed by the project’s parent company, MatchUpBox (founded in 2015, raised $500K so far, “provides a range of services based on PikcioChain, its unique permissioned-based blockchain dedicated to the personal data economy, which facilitate the authentication and portability of clients’ personal data.”)
Notably, Pikcio has former members of the French Department of Defense working on network security. Other relevant skills include degrees in Business and Computer Science focused on data security and big data algorithms. However, while the teams skill set as a whole is relevant, there seems to only be a single Developer / Lead dev, so the team may lack depth in the coding and development department.
In addition, the project’s strategic partners, other than NEO, include E&Y, PricewaterhouseCoopers (consultation, due diligence and smart contract auditing, fundraising), and Capgemini (technical implementation, global scaling capabilities).

Company and Team Product

Token Sale

2.0
Token Sale
Raise Amount Max

Is there a clear cap? Is the maximum raise amount modestly sufficient (as opposed to either greedy or insufficient)?

2.0
N/A
2 - Somewhat greedy or unrelated to plans.
Raise Amount Min

Is the minimum raise reasonable considering the development plan? Are there raise-amount dependent milestones?

1.0
N/A
1 - None or nonsensical.
Fund Allocation

Is fund distribution and allocation reasonable and justified?

2.0
N/A
2 - Use of funds only loosely defined.
Token Allocation

Is the ratio of tokens sold to those kept reasonable? Does it prevent the company from having too much control?

3.0
N/A
3 - Sufficient company/community interest balance.
Media Presence and Following

Is the sale being talked about in Reddit, Bitcointalk, Social Media, Medium, etc.? Is information available and accessible? Is there interest?

2.0
N/A
2 - Minor exposure and interest, or ambivalent reception.

Token Sale

PKC is currently a NEO (NEP-5) token. However, Pikciochain states an objective to launch a native token when regulations are more favorable. What that may mean for the PKC NEP-5 token is unclear.
PKC is neither a share in the company nor a cryptocurrency per se (no store of value), but rather a token (unit of exchange) which allows access to the platform’s specific services (data collection and verification), and as such has value primarily for potential users of PikcioChain.

Product

Products and user group:
? PikcioMe: for individual users (suppliers of data)
? PikcioPro: for businesses (consumers of data)
? PikcioLab: for developers (designers of smart contracts)
? PikcioTokenSaleWallet: for cryptocurrency enthusiasts (participants in token sales)
PikcioMe is an app / Dapp which is currently available on the Windows app store (with fewer than 100 downloads at this time). Notably, the PikcioPro feature that allows consumers to purchase data directly from users is not yet available. Furthermore, few details are provided with regard to the Pikcio Lab, which sounds like a GitHub of sorts for smart contract development – more information is necessary for a full analysis of this feature. The Token Sale Wallet is purported to streamline the process of purchasing ICO tokens, but no PoC or demo is available and very few details regarding this feature are provided in the whitepaper.

Category Breakdown
Readiness

Is the product ready for use? Is there a working prototype or MVP? How long until it is operational?

3.0
N/A
3 - Prototype / MVP / alpha.
Appeal

How appealing is the product? How good or necessary is it? Does it have a distinct edge?

2.0
N/A
2 - Meh, okay.
Target User Base

Is it mass market or niche?

3.0
N/A
3 - Has growth potential.
Competition

Are there many other similar solutions or is this one of just a few, or even one of a kind?

2.0
N/A
2 - Quite a few / somewhat better competitors.
Innovation

How innovative or inventive is the product, either conceptually or technologically?

3.0
N/A
3 - Partial, a novel approach or aspect.
Product Score:
2.6

Use of Blockchain

Pikcio is a a NEO (NEP-5) token. Pikciochain claims to use a novel ‘Proof of Usage’ consensus algorithm, but the whitepaper does a poor job of explaining it. The technical section starts by defining and exemplifying proof of work, proof of stake, and proof of activity, which are somehow combined to create proof of usage. Pikciochain utilizes the last-block-satoshi method instead of follow-the-satoshi, to speed up and linearize the time spent finding the current satoshi owner from the total satoshis exchanged in a given block. This method prevents hoarding and rewards spending. (Because follow-the-satoshi selects a random coin number, it incentivizes miners to increase their stacks so as to increase their chances of getting the rewards. This effectively incentivizes hoarding vs. spending. Proof of Usage uses a follow-the-satoshi-in-block, meaning that a coin is selected randomly from past transactions within the last N blocks.)

Category Breakdown
Blockchain Development

Is blockchain technology essential? Does it make the solution significantly different and better?

1.0
N/A
1 - None; simple Ethereum based coin.
Disruptive Blockchain Advantage

How disruptive is the introduction of blockchain technology into the product's market space?

2.0
N/A
2 - Some, but not much.
Need for a Custom Token (vs. BTC or ETH)

Is the token essential or could it be done just as well or better with fiat or Bitcoin?

2.0
N/A
2 - Some, mainly network effect.
System Decentralization (besides token)

How decentralized is the system architecture other than the token (e.g., data collection, storage, access, and use, or decision making processes, etc.)?

5.0
N/A
5 - Fully decentralized.
Contribution to Blockchain Ecosystem

How compelling is the solution's contribution to the evolution of blockchain infrastructure and economy?

2.0
N/A
2 - Meh, okay.
Use of Blockchain Score:
2.4

Whitepaper

The Whitepaper is a medium length at 36 pages and reads more like a research paper. It begins by describing the new right of privacy laws and lays out the vision of Pikcio as the intermediary between data producers and consumers. There are too many ideas and products mentioned to focus on one. While for some products the explanation is sufficient, for others it lacks depth and technical analysis. There are few if any infographics or charts to explain novel ideas or trade paths. The only legal disclaimer appears on the very last page.

Category Breakdown
Comprehensiveness

Does it cover the full scope of the problem and solution?

2.0
N/A
2 - Insufficient coverage.
Readability

Is it easy enough to understand?

3.0
N/A
3 - Readable, takes some time.
Transparency

Does it candidly describe and disclose where the project now stands, how much exists and how much still needs to be done, etc.?

3.0
N/A
3 - Basic honesty with some hype.
Business Plan Presentation

Does it contain a viable, comprehensive business plan?

2.0
N/A
2 - Missing critical information.
Technology Presentation

Does it present a well thought out technological architecture? Does it address implementational challenges?

1.0
N/A
1 - Severely lacking.
Whitepaper Score:
2.2

Roadmap

The whitepaper and developmental roadmap describe a host of past accomplishments but lack details regarding future plans and development. While a wide range of business opportunities is mentioned (financial services, medical services, KYC compliance, and more), current use cases are poorly outlined and explained.
Furthermore, the project appears to lack clear focus on its core objective (monetization of personal data via Pikcio Me and Pikcio Pro). The planned Pikcio Token Sale Wallet – with chat and file sharing features, social networking and news, friends and followers – is an entire social media network geared towards cryptocurrencies, and the Pikcio Lab is another side project, albeit with great potential, that could however serve to distract from Pikcio’s core objective.

Category Breakdown
Concreteness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

2.0
N/A
2 - Vague, noncommittal.
Feasibility

Is the development plan realistic? Is it based on reasonable goals and timelines?

2.0
N/A
2 - Very ambitious.
Vision

Is there a larger, long-term vision?

3.0
N/A
3 - A trend with potential.
Dependencies (services or capabilities)

How available, operational, or trusted are the other systems or capabilities on which the project relies?

5.0
N/A
5 - Available, trustworthy, recognized.
Current Position

Where is the project now, relative to its vision and plans?

3.0
N/A
3 - Getting there.
Roadmap Score:
3.0

Compliance

PKC is currently a NEO (NEP-5) token. However, Pikciochain states an objective to launch a native token when regulations are more favorable. What that may mean for the PKC NEP-5 token is unclear.
PKC is neither a share in the company nor a cryptocurrency per se (no store of value), but rather a token (unit of exchange) which allows access to the platform’s specific services (data collection and verification), and as such has value primarily for potential users of PikcioChain.

Category Breakdown
Token Utility (value through usage)

How much use is there for the token itself (regardless of its value as an investment vehicle)?

3.0
N/A
3 - Limited or uncertain use cases.
Token as Security (tradable instrument)

How valuable is the token as an investment vehicle or financial instrument?

4.0
N/A
4 - Not as such, or compliance is assured.
Token/Smart-Contract Readiness

Is the blockchain infrastructure of the project ready for use? Is there a working prototype or MVP? How long until it is operational?

2.0
N/A
2 - Proof of concept or test platform.
Attention to Compliance Issues

How much attention is given to compliance (via token and ecosystem design, token sale participation, etc.)? Is this issue addressed directly and coherently?

3.0
N/A
3 - Limited to blanket standard.
Legal Review/Risk Assessment

What kind of legal documentation (reviews or agreements) and risk assessment are provided?

3.0
N/A
3 - Semi-professional (e.g. Howey Test)
Compliance Score:
3.0

Company and Team

There Pikcio team is comprised of 10 core team members and 6 advisors.
The team members’ experience appears to be relevant and additive. Members are visible and active on Linkedin / Github.
Most members appear to be fully committed to Pikcio, while being employed by the project’s parent company, MatchUpBox (founded in 2015, raised $500K so far, “provides a range of services based on PikcioChain, its unique permissioned-based blockchain dedicated to the personal data economy, which facilitate the authentication and portability of clients’ personal data.”)
Notably, Pikcio has former members of the French Department of Defense working on network security. Other relevant skills include degrees in Business and Computer Science focused on data security and big data algorithms. However, while the teams skill set as a whole is relevant, there seems to only be a single Developer / Lead dev, so the team may lack depth in the coding and development department.
In addition, the project’s strategic partners, other than NEO, include E&Y, PricewaterhouseCoopers (consultation, due diligence and smart contract auditing, fundraising), and Capgemini (technical implementation, global scaling capabilities).

Category Breakdown
Company Stage and Foundation

Is the company already established? Has it raised funds before? Is it mature?

3.0
N/A
3 - Company structure in place.
Background of Lead Team Members

Do we know who they are? Do they have LinkedIn profiles? Do they have solid, relevant backgrounds?

4.0
N/A
4 - Verifiable relevant experience.
Team Assembly and Commitment

Is a solid, fully committed core team in place? Do they have online (e.g. LinkedIn) profiles showing sufficient relevant experience? Is their participation transparent?

4.0
N/A
4 - Fully assembled and committed.
Team Skill Set Relevance

Does the amount of talent and skill in each area seem to fit the project requirements?

3.0
N/A
3 - Correlated to project requirements.
Team Skill Set Balance

Is the team well-rounded (biz/tech/blockchain)? Is there sufficient talent and skill in all areas of required development?

4.0
N/A
4 - Good, sufficient for each aspect.
Company and Team Score:
3.6

Token Sale

PKC is currently a NEO (NEP-5) token. However, Pikciochain states an objective to launch a native token when regulations are more favorable. What that may mean for the PKC NEP-5 token is unclear.
PKC is neither a share in the company nor a cryptocurrency per se (no store of value), but rather a token (unit of exchange) which allows access to the platform’s specific services (data collection and verification), and as such has value primarily for potential users of PikcioChain.

Category Breakdown
Raise Amount Max

Is there a clear cap? Is the maximum raise amount modestly sufficient (as opposed to either greedy or insufficient)?

2.0
N/A
2 - Somewhat greedy or unrelated to plans.
Raise Amount Min

Is the minimum raise reasonable considering the development plan? Are there raise-amount dependent milestones?

1.0
N/A
1 - None or nonsensical.
Fund Allocation

Is fund distribution and allocation reasonable and justified?

2.0
N/A
2 - Use of funds only loosely defined.
Token Allocation

Is the ratio of tokens sold to those kept reasonable? Does it prevent the company from having too much control?

3.0
N/A
3 - Sufficient company/community interest balance.
Media Presence and Following

Is the sale being talked about in Reddit, Bitcointalk, Social Media, Medium, etc.? Is information available and accessible? Is there interest?

2.0
N/A
2 - Minor exposure and interest, or ambivalent reception.
Token Sale Score:
2.0

Use this code to share the ratings on your website