Skychain

Skychain is an open infrastructure, based on blockchain, which provides the possibility to create, train and use high-quality medical neural networks.

About Skychain

Skychain is a blockchain-based infrastructure allowing for the hosting, training, and use of artificial neural networks (ANNs) by market participants. Skychain aims to provide an open infrastructure based on blockchain principles to enable the development, training, and use of medical neural networks, and to facilitate transactions between four groups of participants: owners of medical big data of the kind required for neural network training, developers of medical neural networks, doctors and patients interested in accurate diagnoses made by artificial intelligence, and crypto miners who contribute their computational resources.
Competitors: Neuroph, Ohio Supercomputer Center, IBM Watson, Magos AI, BlockChain Neural System
Uniqueness/Advantages to competition: Using blockchain technology to create a marketplace geared specifically towards artificial neural networks.

Token Sale Use of Blockchain

Product

3.2
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?

3.0
N/A
3 - Interesting.
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?

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

Product

There is currently a publicly accessible github repo and a prototype with published source code. Complete alpha/beta/final blockchain development/testing for the platform is planned to occur after the ICO, and the public release is planned to occur in 2019 (see Roadmap).
There is appeal to the Skychain product, given the increasing demand for AI / neural networks in health services. The potential / target user-base will grow with natural population development (given the increasing need for health services) and cryptocurrency adoption in the general population. There is currently some large, centralized competition in the sector, and blockchain competition will stiffen over time as cryptocurrency adoption continues.
Competitors: Neuroph, Ohio Supercomputer Center, IBM Watson, Magos AI, BlockChain Nerual System

Product Whitepaper

Use of Blockchain

3.0
Use of Blockchain
Blockchain Development

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

4.0
N/A
4 - Innovative use of blockchain technology.
Disruptive Blockchain Advantage

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

3.0
N/A
3 - Potentially disruptive.
Need for 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.)?

3.0
N/A
3 - Hybrid; decentralized as far as circumstances allow.
Contribution to Blockchain Ecosystem

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

3.0
N/A
3 - Interesting.

Use of Blockchain

The project’s contribution to blockchain development is in creating a blockchain-based, decentralized platform for artificial neural networks. There is a disruptive advantage as the platform is aimed at decentralizing traditional ANN platforms so as to allow liquidity and the ability to connect participants from all over the world. There is need for a custom token, which allows for pricing and settlements as well as interaction on the platform. The contribution to the blockchain ecosystem is in developing a new decentralized platform for artificial neural network product development and use.

Use of Blockchain Roadmap

Whitepaper

3.8
Whitepaper
Comprehensiveness

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

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.?

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

Whitepaper

There are multiple documents on the website that describe the vision of the project including: a whitepaper, a one pager, and papers on the tokenomics, master-node economy, mission, and proof of deep learning training. The whitepaper is very well put together, professional and aesthetic, and contains mostly textual explanation. The whitepaper is 25 pages in length, and can be easily read and understood due to the efficient organization of the text. The whitepaper provides high level information and includes main sections which are each described in detail: Introduction, About Skychain, Structure of Skychain modules, Roadmap, Skychain usage scenario, Skychain Architecture, Mining, ICO Token distribution, Team, and Advisors. The business and technology plans behind Skychain are detailed and concisely explained including detailed textual and graphical explanations. References are provided in footnote form.

Whitepaper Compliance

Roadmap

3.4
Roadmap
Concreteness

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

4.0
N/A
4 - Down to earth.
Feasiblity

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

4.0
N/A
4 - Realistic.
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?

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.

Roadmap

A milestone roadmap is given on a yearly basis. Obstacles lie ahead as alpha, beta, and final platform/blockchain development and public platform launch will occur after the ICO. The roadmap is detailed and provides descriptions of the intermediate steps required to complete each milestone.

Roadmap:
01.2017-11.2017 Research and development works carried out in key areas of the project.
Pre ICO – December 2017
Skyсhain Alpha – June 2018
Skyсhain Beta – December 2018
Skyсhain Release – June 2019

Roadmap Company and Team

Compliance

3.2
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?

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?

4.0
N/A
4 - Professional.

Compliance

The SKCH-tokens have intrinsic value through their planned usage on the Skychain platform, allowing users to directly interact, provide and use artificial neural network services. The token’s main utility is as a tradable financial instrument, as it is used specifically as a means for pricing and payment settlments, but also allows interaction on the platform itself.
The token smart-contract infrastructure will be completed after the ICO, however there is an active github repo available for public review, as well as a prototype with published code.
Compliance is addressed with direct statements of AML & KYC Due Diligence, and this is enforced with a manual screening process via whitelisting. The legal disclaimer states that the tokens are intended for use as functional utility tokens and are not viewed as securities. The terms and conditions of the sale aim to absolve the company of any liability regarding the ICO and any problems that may occur, and provide a general statment that the tokens are not to be deemed a security.

Compliance Token Sale

Company and Team

3.2
Company and Team
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?

3.0
N/A
3 - Minimally sufficient.
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?

3.0
N/A
3 - Mostly 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?

3.0
N/A
3 - Somewhat uncertain, probably okay.

Company and Team

Skychain has an established team with 7 employees, 14 advisors, and several partnerships with IT companies, doctors, and medical institutions.
The core team has experience in medical programming, software architecture and engineering, AI and machine learning, search engine opitmization, and blockchain/cryptocurrency/smartcontract platform development.
The advisors to the project have experience in deep learning, IT, investments, capital mangement, medicine, computer vision, healthcare, and cryptocurrency/blockchain/smartcontract projects.
All team members have verifiable work experience credentials via LinkedIn profiles, however some profiles provide little information. Many members of the team appear to be dedicated to other projects outside of Skychain. Some of the core team members and advisors have previous experience with blockchain, cryptocurrency, or smart-contract projects, investing, and ICO consultation/launch.
Positives: The core team is well rounded and has previous experience in the field of blockchain, cryptocurrency, or smart contracts.
Negatives: Not all members are fully dedicated to the project.

Company and Team Product

Token Sale

2.8
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?

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.

Token Sale

SkychainToken (SKCH)
Total Supply: 36,000,000 SKCH
Max. Supply For Sale: 30,000,000 SKCH.
Token Sale Target: 20,000,000 SKCH
Purchase: 1 SKCH Token sold at $1.25
Fundraising goal is from $10M to $30M.
Pre-Sale (1SKCH = $0.5):
2,000,000 SKCH sold ($1,000,000).
Main Sale (1SKCH = $1):
30,000,000 SKCH ($30,000,000) including pre-sale.
+ 10% of the total tokens sold will be transferred to the project team, without the possibility of selling tokens within 24 months.
+ 05% of the total tokens sold will be transferred to project advisors and partners.
+ 05% of the total tokens sold will be transferred referral program participants.
Unsold tokens will be burned.

TOKEN DISTRIBUTION
Token sale – 80%
Team Tokens – 10%
Referral Program – 5%
Partners & advisors – 5%

TOKEN SALE PROCEEDS ALLOCATION
Tech-Development – 25%
Legal and Regulatory – 15%
Business Development – 15%
Marketing – 20%
Ecosystem Development – 25%

Social Media Presence & Following
There is little community engagment and reception.

Product

There is currently a publicly accessible github repo and a prototype with published source code. Complete alpha/beta/final blockchain development/testing for the platform is planned to occur after the ICO, and the public release is planned to occur in 2019 (see Roadmap).
There is appeal to the Skychain product, given the increasing demand for AI / neural networks in health services. The potential / target user-base will grow with natural population development (given the increasing need for health services) and cryptocurrency adoption in the general population. There is currently some large, centralized competition in the sector, and blockchain competition will stiffen over time as cryptocurrency adoption continues.
Competitors: Neuroph, Ohio Supercomputer Center, IBM Watson, Magos AI, BlockChain Nerual System

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?

3.0
N/A
3 - Interesting.
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?

3.0
N/A
3 - Partial, a novel approach or aspect.
Product Score:
3.2

Use of Blockchain

The project’s contribution to blockchain development is in creating a blockchain-based, decentralized platform for artificial neural networks. There is a disruptive advantage as the platform is aimed at decentralizing traditional ANN platforms so as to allow liquidity and the ability to connect participants from all over the world. There is need for a custom token, which allows for pricing and settlements as well as interaction on the platform. The contribution to the blockchain ecosystem is in developing a new decentralized platform for artificial neural network product development and use.

Category Breakdown
Blockchain Development

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

4.0
N/A
4 - Innovative use of blockchain technology.
Disruptive Blockchain Advantage

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

3.0
N/A
3 - Potentially disruptive.
Need for 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.)?

3.0
N/A
3 - Hybrid; decentralized as far as circumstances allow.
Contribution to Blockchain Ecosystem

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

3.0
N/A
3 - Interesting.
Use of Blockchain Score:
3.0

Whitepaper

There are multiple documents on the website that describe the vision of the project including: a whitepaper, a one pager, and papers on the tokenomics, master-node economy, mission, and proof of deep learning training. The whitepaper is very well put together, professional and aesthetic, and contains mostly textual explanation. The whitepaper is 25 pages in length, and can be easily read and understood due to the efficient organization of the text. The whitepaper provides high level information and includes main sections which are each described in detail: Introduction, About Skychain, Structure of Skychain modules, Roadmap, Skychain usage scenario, Skychain Architecture, Mining, ICO Token distribution, Team, and Advisors. The business and technology plans behind Skychain are detailed and concisely explained including detailed textual and graphical explanations. References are provided in footnote form.

Category Breakdown
Comprehensiveness

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

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.?

3.0
N/A
3 - Basic honesty with some hype.
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.
Whitepaper Score:
3.8

Roadmap

A milestone roadmap is given on a yearly basis. Obstacles lie ahead as alpha, beta, and final platform/blockchain development and public platform launch will occur after the ICO. The roadmap is detailed and provides descriptions of the intermediate steps required to complete each milestone.

Roadmap:
01.2017-11.2017 Research and development works carried out in key areas of the project.
Pre ICO – December 2017
Skyсhain Alpha – June 2018
Skyсhain Beta – December 2018
Skyсhain Release – June 2019

Category Breakdown
Concreteness

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

4.0
N/A
4 - Down to earth.
Feasiblity

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

4.0
N/A
4 - Realistic.
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?

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.
Roadmap Score:
3.4

Compliance

The SKCH-tokens have intrinsic value through their planned usage on the Skychain platform, allowing users to directly interact, provide and use artificial neural network services. The token’s main utility is as a tradable financial instrument, as it is used specifically as a means for pricing and payment settlments, but also allows interaction on the platform itself.
The token smart-contract infrastructure will be completed after the ICO, however there is an active github repo available for public review, as well as a prototype with published code.
Compliance is addressed with direct statements of AML & KYC Due Diligence, and this is enforced with a manual screening process via whitelisting. The legal disclaimer states that the tokens are intended for use as functional utility tokens and are not viewed as securities. The terms and conditions of the sale aim to absolve the company of any liability regarding the ICO and any problems that may occur, and provide a general statment that the tokens are not to be deemed a security.

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?

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?

4.0
N/A
4 - Professional.
Compliance Score:
3.2

Company and Team

Skychain has an established team with 7 employees, 14 advisors, and several partnerships with IT companies, doctors, and medical institutions.
The core team has experience in medical programming, software architecture and engineering, AI and machine learning, search engine opitmization, and blockchain/cryptocurrency/smartcontract platform development.
The advisors to the project have experience in deep learning, IT, investments, capital mangement, medicine, computer vision, healthcare, and cryptocurrency/blockchain/smartcontract projects.
All team members have verifiable work experience credentials via LinkedIn profiles, however some profiles provide little information. Many members of the team appear to be dedicated to other projects outside of Skychain. Some of the core team members and advisors have previous experience with blockchain, cryptocurrency, or smart-contract projects, investing, and ICO consultation/launch.
Positives: The core team is well rounded and has previous experience in the field of blockchain, cryptocurrency, or smart contracts.
Negatives: Not all members are fully dedicated to the project.

Category Breakdown
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?

3.0
N/A
3 - Minimally sufficient.
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?

3.0
N/A
3 - Mostly 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?

3.0
N/A
3 - Somewhat uncertain, probably okay.
Company and Team Score:
3.2

Token Sale

SkychainToken (SKCH)
Total Supply: 36,000,000 SKCH
Max. Supply For Sale: 30,000,000 SKCH.
Token Sale Target: 20,000,000 SKCH
Purchase: 1 SKCH Token sold at $1.25
Fundraising goal is from $10M to $30M.
Pre-Sale (1SKCH = $0.5):
2,000,000 SKCH sold ($1,000,000).
Main Sale (1SKCH = $1):
30,000,000 SKCH ($30,000,000) including pre-sale.
+ 10% of the total tokens sold will be transferred to the project team, without the possibility of selling tokens within 24 months.
+ 05% of the total tokens sold will be transferred to project advisors and partners.
+ 05% of the total tokens sold will be transferred referral program participants.
Unsold tokens will be burned.

TOKEN DISTRIBUTION
Token sale – 80%
Team Tokens – 10%
Referral Program – 5%
Partners & advisors – 5%

TOKEN SALE PROCEEDS ALLOCATION
Tech-Development – 25%
Legal and Regulatory – 15%
Business Development – 15%
Marketing – 20%
Ecosystem Development – 25%

Social Media Presence & Following
There is little community engagment and reception.

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?

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.
Token Sale Score:
2.8

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