Basic Rating

  • YourBlock

  • A fully Secure and Private Blockchain based Digital Filing Cabinet which enables the consumer to securely store, control and manage their data.
  • 2.7

Rating Insights

YourBlock aims to be “a Blockchain based Digital Filing Cabinet” that enables the consumer to securely store, control and manage their personal data, (such as CC information, address, interests, expenses, etc) via a combination of the security, privacy, and scalability of private storage with the data integrity, immutability, and accountability of the public Ethereum blockchain. YourBlock will hold providers’ pricing for their products and services, and will enable consumers to request quotes without their data leaving the platform. Consumers will the be rewarded for using the platform with discounts on products and services as well as YBK Tokens. In whole, YourBlock aims to enable consumers to interact securely with third parties, obtain services, manage paperwork, and have a record of communications. YourBlock aims to utilize blockchain to take on price comparison websites which cover many markets such as: financial services, utilities, hotels, flights, and durable goods. Service providers listed on the YourBlock platform are charged a service fee for using the platform to connect with consumers. YourBlock also aims to incentivize personal data storage on the platform’s blockchain (not a centralized server, although the platform itself will not be fully decentralized) for control and data security. Users may store their personal information needed to book flights, hotels, or other desired services listed on the YourBlock platform.Competitors: DataWallet, Datum, Repux, (Job.com in basic development). Non-Blockchain Competition: Expedia, Hotwire, Kayak, Travelocity.
Uniqueness/Advantages to competition: aims to create a platform on which all data collection apps can be built, with machine-learning integration and a customer facing AI interface (Dave). ‘Dave and You’ is a front end user interface for the YourBlock framework. As a stand-alone app, Dave, the AI enabled chat bot, assists the consumer in searching out the best deals and helps them to manage their finances. Dave is considered to be “smart”, so the more the consumer interacts with Dave the more he learns and the more he helps. The customer only ever needs to input their data once.

Category Rating

Click any score to view its breakdown and category insights
2.8
Product

Product

Currently there are only product mock-ups showing what the user-interface may look like – no actual development of the project or the intended mobile app has been progressed upon.
The GITHUB REPO is CLOSED with only one contribution ever. The main focus of the team at the current stage is to complete the ICO and then to push the platform into actual development, produce a MVP and finalize smart-contract functionality. The project requires a lot of work to be done in a short amount of time.
The product has appeal and a decent target user base given the incrediable amount of data that is created on the internet and in general.
Competitors: Datum, Repux, (Job.com in basic development) Non-Blockchain Competition: Expedia, Hotwire, Kayak, Travelocity

Readiness

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

1.0
N/A
1 - Nothing yet, just an idea.
Appeal

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

4.0
N/A
4 - Captivating.
Target User Base

Is it mass market or niche?

4.0
N/A
4 - Large audience / wide market.
Competition

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

3.0
N/A
3 - Some normal competition.
Innovation

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

2.0
N/A
2 - Some, but nothing outstanding.
2.0
Use of Blockchain

Use of Blockchain

The project offers some contribution to blockchain development as it intends to develop its own data marketplace/exchange, however there seem to be no plans to make it fully decentralized eventually. There is a disruptive advantage as it would enable users to become data-asset owners by committing their data to the blockchain and monetizing it. There is some need for a custom token as the platform is an independent marketplace, which also provides YourBlock’s machine-learning/AI services. However, the same goals can be accomplished with ETH alone, as well as in a completely decentralized manner. The project is potentially disruptive since there are currently no solutions that allow general users to collect, store, and monetize their data, as well as access machine-learning and AI interfaces on that data.

Blockchain Development

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

3.0
N/A
3 - Automation; making something easier to do.
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.)?

1.0
N/A
1 - Essentially centralized.
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.
4.0
Whitepaper

Whitepaper

The whitepaper is very clean, concise, professional, and easy to read. There is a good blend of informative context with media that creates a very nice flow to the paper – it is a little long but seems to flip right along. The whitepaper describes the product use cases in detail, as well as the overall problem and solution, token economics, market statistics, technical aspects, scalability issues, research, and marketing examples. The provided legal disclaimer is short and honest, outlines potential risks, and uses basic language that aims to absolve the company of any liability.

Comprehensiveness

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

4.0
N/A
4 - Satisfactory coverage, well written.
Readability

Is it easy enough to understand?

4.0
N/A
4 - Easy to read and understand.
Transparency

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

4.0
N/A
4 - Informative disclosure.
Business Plan Presentation

Does it contain a viable, comprehensive business plan?

4.0
N/A
4 - Clear, well thought out, realistic.
Technology Presentation

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

4.0
N/A
4 - Clear, well thought out, realistic.
2.2
Roadmap

Roadmap

The roadmap vision is set and provides vague generic milestones, e.g., “Token Sale”, “Platform Development Starts”, “Test MVP”, “LIVE” etc. Platform development is outlined on a monthly basis and provides little information on the steps required to complete each milestone. The roadmap is extremely aggressive for a team with no blockchain experience or expertise, and no MVP as of yet – everything is to be accomplished in under 6-months time, while so far the roadmap shows only a case study. The team’s main focus over the last few months has been to conduct a pre-sale, then prepare for a public ICO, and only then shift to actual platform development. This is to be followed by an MVP, which is then to be tested, further developed, and smart-contract integrated, all in a couple of months before going “LIVE”. Meanwhile, the GITHUB REPO is CLOSED and has had only one contribution ever. Main focus is to use ERC-20 tokens to conduct the ICO and to further develop the goals of the project. Scored a (4) on ‘Dependencies’ since the project will be built on the Ethereum network.

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?

1.0
N/A
1 - A pipe dream.
Vision

Is there a larger, long-term vision?

2.0
N/A
2 - Riding the current wave.
Dependencies (services or capabilities)

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

4.0
N/A
4 - Available and trusted.
Current Position

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

2.0
N/A
2 - Critical obstacles ahead.
2.8
Compliance

Compliance

The YBK-token does have some intrinsic value through its planned usage on the YourBlock platform, as it is used for trading in data on the marketplace, as well as for the machine-learning and consumer facing AI interface (Dave). The YourBlock service will be ready only well after the ICO, and it seems that as of now the main focus of the project is to complete the ICO fundraising and then progress toward actual project development, MVP, and smart-contract integration prior to a public release. The legal review provided is short, honest, and seeks to absolve the company of any liabilities with blanket statements.

The YourBlock team has given only some attention to compliance laws with a blanket statement that all global securities laws shall be followed, and has a registration process, however it does not specify or seem to eliminate countries that would require security registration, showing a lack of attention toward KYC/AML compliance. There is a claim of “automated compliance with the EU’s new complex GDPR (General Data Protection Regulation) data privacy regulations”, but how-so is not explained. The YBK-tokens will only be used as tradable financial instruments on secondary trading exchanges until the ‘LIVE’ data marketplace is released.

Token Utility (value through usage)

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

2.0
N/A
2 - Minimal or contrived.
Token as Security (tradable instrument)

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

2.0
N/A
2 - Primarily, with few additional rights.
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?

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

4.0
N/A
4 - Specific, detailed.
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)
2.0
Company and Team

Company and Team

An established team, whose members have experience with finance, insurance, IT, accounting, sales, capital management, legal counseling, enterprise databases, cybersecurity, software development, business management, marketing, and software architecture. The team has no blockchain developers and no member of the team or advisors have any previous experience with blockchain, smart-contract, or cryptocurrency projects. Only the CEO and Operation Manager of the team have any links provided for LinkedIn accounts or any other type of employment verification media outside the bios provided in the whitepaper, neither of which indicate full-dedication to the YourBlock project.
The team has a lot of experience in many business aspects, however seems to be heavily lacking in technological expertise, specifcally in engineering and blockchain development.
15 Employees. 2 Advisors.
Positives: The team on average has about 20yrs of business experience each, very “mature”.
Negatives: No verifiable employment media accounts, can’t determine team dedication to project, half of the employee staff is considered to be a “Chief” member.

Company Stage and Foundation

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

4.0
N/A
4 - Established with some fundraising history.
Background of Lead Team Members

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

1.0
N/A
1 - Unverifiable (e.g., no online profiles).
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?

2.0
N/A
2 - Lacking in key areas.
Team Skill Set Relevance

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

2.0
N/A
2 - Lacking or inconsistent.
Team Skill Set Balance

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

1.0
N/A
1 - Severely skewed.
3.0
Token Sale

Token Sale

Token Sale Summary
• 200 Million Tokens Issued
• YBK Value = €0.50
• Maximum cap on Token Sale: €30 million
• Soft Floor = €5 Million
Total token supply: 200 Million YBK, of which:
• 50% allocated for distribution to incentivise participation in the platform
• 30% sold in the token sale
– 16.5% Development
– 6% Fees for Token Sale
– 6% to Founders and Advisors (lock in periods apply)
– 9% Salaries
– 10% Office running costs
– 13.5% Europe and US intro to markets
– 39% UK Dave & You Marketing
• 20% retained by YourBlock (lock in periods apply)
– 20% for the business only
– 10% will be available to the business after 12 months if required
– Remaining 10% available after 24 months

Social media presence exists, but has very little community engagement and comments seem to be overly promotional.

Raise Amount Max

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

3.0
N/A
3 - Justifiable.
Raise Amount Min

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

3.0
N/A
3 - Justifiable.
Fund Allocation

Is fund distribution and allocation reasonable and justified?

3.0
N/A
3 - Rough estimates, but sensible.
Token Allocation

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

4.0
N/A
4 - Most tokens sold, vesting periods on kept tokens.
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.

Product

Currently there are only product mock-ups showing what the user-interface may look like – no actual development of the project or the intended mobile app has been progressed upon.
The GITHUB REPO is CLOSED with only one contribution ever. The main focus of the team at the current stage is to complete the ICO and then to push the platform into actual development, produce a MVP and finalize smart-contract functionality. The project requires a lot of work to be done in a short amount of time.
The product has appeal and a decent target user base given the incrediable amount of data that is created on the internet and in general.
Competitors: Datum, Repux, (Job.com in basic development) Non-Blockchain Competition: Expedia, Hotwire, Kayak, Travelocity

Readiness

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

1.0
N/A
1 - Nothing yet, just an idea.
Appeal

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

4.0
N/A
4 - Captivating.
Target User Base

Is it mass market or niche?

4.0
N/A
4 - Large audience / wide market.
Competition

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

3.0
N/A
3 - Some normal competition.
Innovation

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

2.0
N/A
2 - Some, but nothing outstanding.

Use of Blockchain

The project offers some contribution to blockchain development as it intends to develop its own data marketplace/exchange, however there seem to be no plans to make it fully decentralized eventually. There is a disruptive advantage as it would enable users to become data-asset owners by committing their data to the blockchain and monetizing it. There is some need for a custom token as the platform is an independent marketplace, which also provides YourBlock’s machine-learning/AI services. However, the same goals can be accomplished with ETH alone, as well as in a completely decentralized manner. The project is potentially disruptive since there are currently no solutions that allow general users to collect, store, and monetize their data, as well as access machine-learning and AI interfaces on that data.

Blockchain Development

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

3.0
N/A
3 - Automation; making something easier to do.
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.)?

1.0
N/A
1 - Essentially centralized.
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.

Whitepaper

The whitepaper is very clean, concise, professional, and easy to read. There is a good blend of informative context with media that creates a very nice flow to the paper – it is a little long but seems to flip right along. The whitepaper describes the product use cases in detail, as well as the overall problem and solution, token economics, market statistics, technical aspects, scalability issues, research, and marketing examples. The provided legal disclaimer is short and honest, outlines potential risks, and uses basic language that aims to absolve the company of any liability.

Comprehensiveness

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

4.0
N/A
4 - Satisfactory coverage, well written.
Readability

Is it easy enough to understand?

4.0
N/A
4 - Easy to read and understand.
Transparency

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

4.0
N/A
4 - Informative disclosure.
Business Plan Presentation

Does it contain a viable, comprehensive business plan?

4.0
N/A
4 - Clear, well thought out, realistic.
Technology Presentation

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

4.0
N/A
4 - Clear, well thought out, realistic.

Roadmap

The roadmap vision is set and provides vague generic milestones, e.g., “Token Sale”, “Platform Development Starts”, “Test MVP”, “LIVE” etc. Platform development is outlined on a monthly basis and provides little information on the steps required to complete each milestone. The roadmap is extremely aggressive for a team with no blockchain experience or expertise, and no MVP as of yet – everything is to be accomplished in under 6-months time, while so far the roadmap shows only a case study. The team’s main focus over the last few months has been to conduct a pre-sale, then prepare for a public ICO, and only then shift to actual platform development. This is to be followed by an MVP, which is then to be tested, further developed, and smart-contract integrated, all in a couple of months before going “LIVE”. Meanwhile, the GITHUB REPO is CLOSED and has had only one contribution ever. Main focus is to use ERC-20 tokens to conduct the ICO and to further develop the goals of the project. Scored a (4) on ‘Dependencies’ since the project will be built on the Ethereum network.

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?

1.0
N/A
1 - A pipe dream.
Vision

Is there a larger, long-term vision?

2.0
N/A
2 - Riding the current wave.
Dependencies (services or capabilities)

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

4.0
N/A
4 - Available and trusted.
Current Position

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

2.0
N/A
2 - Critical obstacles ahead.

Compliance

The YBK-token does have some intrinsic value through its planned usage on the YourBlock platform, as it is used for trading in data on the marketplace, as well as for the machine-learning and consumer facing AI interface (Dave). The YourBlock service will be ready only well after the ICO, and it seems that as of now the main focus of the project is to complete the ICO fundraising and then progress toward actual project development, MVP, and smart-contract integration prior to a public release. The legal review provided is short, honest, and seeks to absolve the company of any liabilities with blanket statements.

The YourBlock team has given only some attention to compliance laws with a blanket statement that all global securities laws shall be followed, and has a registration process, however it does not specify or seem to eliminate countries that would require security registration, showing a lack of attention toward KYC/AML compliance. There is a claim of “automated compliance with the EU’s new complex GDPR (General Data Protection Regulation) data privacy regulations”, but how-so is not explained. The YBK-tokens will only be used as tradable financial instruments on secondary trading exchanges until the ‘LIVE’ data marketplace is released.

Token Utility (value through usage)

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

2.0
N/A
2 - Minimal or contrived.
Token as Security (tradable instrument)

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

2.0
N/A
2 - Primarily, with few additional rights.
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?

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

4.0
N/A
4 - Specific, detailed.
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)

Company and Team

An established team, whose members have experience with finance, insurance, IT, accounting, sales, capital management, legal counseling, enterprise databases, cybersecurity, software development, business management, marketing, and software architecture. The team has no blockchain developers and no member of the team or advisors have any previous experience with blockchain, smart-contract, or cryptocurrency projects. Only the CEO and Operation Manager of the team have any links provided for LinkedIn accounts or any other type of employment verification media outside the bios provided in the whitepaper, neither of which indicate full-dedication to the YourBlock project.
The team has a lot of experience in many business aspects, however seems to be heavily lacking in technological expertise, specifcally in engineering and blockchain development.
15 Employees. 2 Advisors.
Positives: The team on average has about 20yrs of business experience each, very “mature”.
Negatives: No verifiable employment media accounts, can’t determine team dedication to project, half of the employee staff is considered to be a “Chief” member.

Company Stage and Foundation

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

4.0
N/A
4 - Established with some fundraising history.
Background of Lead Team Members

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

1.0
N/A
1 - Unverifiable (e.g., no online profiles).
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?

2.0
N/A
2 - Lacking in key areas.
Team Skill Set Relevance

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

2.0
N/A
2 - Lacking or inconsistent.
Team Skill Set Balance

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

1.0
N/A
1 - Severely skewed.

Token Sale

Token Sale Summary
• 200 Million Tokens Issued
• YBK Value = €0.50
• Maximum cap on Token Sale: €30 million
• Soft Floor = €5 Million
Total token supply: 200 Million YBK, of which:
• 50% allocated for distribution to incentivise participation in the platform
• 30% sold in the token sale
– 16.5% Development
– 6% Fees for Token Sale
– 6% to Founders and Advisors (lock in periods apply)
– 9% Salaries
– 10% Office running costs
– 13.5% Europe and US intro to markets
– 39% UK Dave & You Marketing
• 20% retained by YourBlock (lock in periods apply)
– 20% for the business only
– 10% will be available to the business after 12 months if required
– Remaining 10% available after 24 months

Social media presence exists, but has very little community engagement and comments seem to be overly promotional.

Raise Amount Max

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

3.0
N/A
3 - Justifiable.
Raise Amount Min

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

3.0
N/A
3 - Justifiable.
Fund Allocation

Is fund distribution and allocation reasonable and justified?

3.0
N/A
3 - Rough estimates, but sensible.
Token Allocation

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

4.0
N/A
4 - Most tokens sold, vesting periods on kept tokens.
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.

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