• Titanium

  • Titanium's goal is to create the decentralized version of Amazon Web Services, Microsoft Azure, and Rackspace

About Titanium

TBIS’s self-proclaimed mission is “to leverage the power of the immutable blockchain to provide virtual infrastructure services for businesses and individuals, creating a Titanium clad guarantee of reliability which had previously been wholly impossible.” Its “core objective and primary goal” is “the creation and propagation of a shockproof distributed network infrastructure capable of replacing the bloated and inefficient hardware foundation upon which the internet of today is based. In essence: to build a better internet that cannot be controlled or destroyed by anyone and is open for all.”

TBIS aims to make it possible for any and all network devices (from simple routers to cryptocurrency miners) to be virtualized and exist in a complete cloud- and blockchain- based environment, enabling users to set up enterprise level infrastructure from the comfort of their own homes, without having to install any rack servers, routers, load balancers, or other network components beyond what is needed to access the network. Essentially, the distributed, blockchain-based equivalent of Google Cloud Platform / AWS / Azure.

To this end, TBIS has devised a system made up of the following core components:

  1. Infrastructure as a Service (IaaS): This is planned to include virtualization software that enables the creation of network components (such as servers, routers, switches, etc.) in a distributed environment, a platform for creating and maintaining distributed enterprise IT environments, website hosting via a virtual server system, and management software with “autonomous healing” and security functions for all monitored elements and network components.
  2. Desktop as a Service (DaaS):  This will make it possible to host personal encrypted computing environments on the Titanium cloud, accessed by users from any terminal or device via a custom, ultra-light operating system. TBIS appears to be extremely confident in its ability to handle any and all security and privacy issues with its “Titanium Hydra Fault Tolerance Suite” and “SHAKE256 Titanium Sponge Cryptographic Techniques”, but neither is explained much further.
  3. Company as a Service (CaaS): This will be an automated wizard that allows users to start new businesses, facilitated by smart contracts that handle business activity such as registering licenses, creating bank accounts, filing trademarks and patents, incorporating, leasing of office space or equipment, employment, securing advertising space, domain registration and host acquisition, etc.
  4. CryptoEscrow: This will allow users to pay for online purchases with any supported cryptocurrency via an Ethereum based escrow service that makes sure payments are released only upon verification of delivery to the correct recipient. These smart contracts will be comprised of a SHA256 hash split between the buyer and the seller, where both parts of the hash are required to release the funds. This service will be accessible via a very simple smartphone interface, making it “so easy, your grandmother could do it.”
  5. Bring Your Own Cloud (BYOC): This service will provide users with a secure computing environment for cryptocurrency mining or server operation, for which, in return, they will contribute hashpower to the network. The service will be based on “a PoW ERC20 token which generates an ever-changing hash for communications encryption.” According to the whitepaper, the service will rely on microcomputers (to be acquired from TBIS), which will completely automate the process of setting up miners and servers.
  6. DEXchange: The “TBIS Titanium Exchange” will provide initial support for the top ten fiat currencies used worldwide, and allow for exchange trading with the top one-hundred cryptocurrencies as per https://www.coinmarketcap.com in an entirely decentralized fashion.
  7. Instant ICO Incubator (III): This will provide end-to-end token launch services. A “Titanium Clad Accreditation will be created and granted to ICOs that have undergone a deep-dive due diligence by Titanium personnel.” Titanium will require such ICOs to have both a Better Business Bureau (BBB) and Duns & Bradstreet accreditation.

TBIS says its system will monitor network health, shift loads to redundant nodes in case of failure, and limit the impact of DDoS attacks, all by virtue of the equipment existing only virtually and residing on the decentralized Ethereum blockchain: “Even if several thousand nodes experienced a system failure, there would still be zero outage time, and perhaps, only a performance degradation of the TBIS services being delivered.”

While the thought and planning that have gone into this scheme are mildly impressive, it still comes off as  a pipe dream. The company presents no concrete schematics or development plans (not to mention an MVP), and admits no limitations to its proposal (such as those associated with transaction costs and strain on the network). It just doesn’t seem feasible.

Nevertheless, TBIS is launching its BAR token. The BAR will not be the only means of paying for products and services in the TBIS ecosystem; Bitcoin (BTC), Ethereum (ETH), Monero (XMR), Verge (XVG), and maybe others later on, will also be accepted. It’s notable that Verge is one of the platform’s accepted coins, seeing as TBIS’ President and CEO Michael Stollaire appears to be involved in it as well. The BAR will, however, grant users a 5% discount on purchases.

TBIS says there is a pre-determined minimum fundraising goal based on what is required to complete and release the platform, and that all contributions will be refunded if it is not reached by the end of the crowdsale, but fails to mention what this goal amount is, exactly. The company also says it is “implementing a completion-based release model”, whereby the team will open a vote for every milestone, giving active platform users and/or BAR owners an opportunity to vote on whether the milestone is complete or not. The whitepaper windingly describes a process whereby 1% of the total supply of BAR tokens will be allocated to a reserve pool tied to two launch milestones for which votes will be opened. Release of funds from the reserve pool will occur if the milestone is deemed complete (by majority vote) or at the team’s discretion, if it is deemed incomplete in three consecutive votes. The whitepaper also states that “the TBIS team will lock 30% and 10% of the token sale proceeds until the completion of the first and second noted milestones, respectively. The specific amounts locked may change according to the results of the token sale and the TBIS team’s needs.” In other words, there are no actual restrictions on the team’s use of the raised funds and the tokens remaining in its possession.

Team

Most of the team members don’t list TBIS on their LinkedIn profiles, and all are employed elsewhere. Although the team appears to have members with extensive professional IT experience, many team members don’t have a lot of professional experience in their fields. In particular, there appears to be no concrete blockchain expertise on the team, and no tech-dev positions.
Michael Stollaire
President & CEO
Richard Silver
COO/Director of Marketing
Christopher Snook
CTO
Vincent Fullerton
Technical Advisor (NEM Core Team Member)
Stuart Siegler
Ethereum Developer and Enterprise Automation Expert
Nilo Ampunen
Senior Enterprise Management Specialist

Crowdsale Details

Token Sale Dates

Starts 1-December-2017, will run for approximately sixty (60) days.

Presale happening now.

Total Supply

N/A

The website states that “The community will hold 79% of all BAR, the TBIS team will hold 20% of BAR (subject to a freeze period), and 1% of BAR will be allocated for the reserve pool.” But this amounts to 110%. The whitepaper does state the community holdings as 69%

Raise Limits

Minimum goal is not specified. As for the maximum – the whitepaper says only that “A hidden, undisclosed hard cap will be cryptographically signed using the keccak256 hashing algorithm and released as part of the smart contract. If this cap is reached, then it will be revealed and the sale will immediately end. Otherwise, the sale ends once the sale period has come to a close.”

Pricing Structure

1 ETH = 300 BAR

Bonus structure: 15% during first 24 hours, 10% for the next 48 hours, 5% for the next 48 hours, then none.

Project Highlights

Technical Whitepaper

https://tbis.io/wp-content/uploads/2017/10/Titanium-Infrastructure-Services-White-Paper-v1.1-10.26.2017.pdf

Presents a grand vision, but no technological roadmap or details; business and financial plans are obfuscated and dubious.

Location

California, USA

Blockchain

Ethereum

Project Code

N/A

Prototype

N/A

Token Rights

5% discount on transactions (whenever the platform is deployed), launch milestone voting rights (uninfluential).

Ratings

Product

View Breakdown
Product readiness

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

1
N/A
1 - Just an idea.
Competitive advantage

Does this solution have a distinct edge?

2
N/A
2 - Meh.
Size of addressable community

Is it mass market or niche?

3
N/A
3 - Can go either way.
Space in the market

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

4
N/A
4 - Few to no alternatives.
Innovation and IP

Is there (patentable) innovation and intellectual property?

1
N/A
1 - No way. It's like patenting water.
Use of Blockchain

View Breakdown
Blockchain advantage

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

1
N/A
1 - No. Borders misuse / deception.
Precautionary measures

Is it safeguarded against misuse and corruption?

1
N/A
1 - No. Easily manipulated.
Need for a custom token

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

2
N/A
2 - Would work, no real advantages.
Intrinsic value of token

Does the token provide holders with value other than as an investment?

2
N/A
2 - Difficult to see buying power.
Contribution to the blockchain economy

Does the solution contribute to the evolution of blockchain infrastructure and economy?

1
N/A
1 - No. And is possibly harmful.
Compliance

Is the token a utility, a security, or both? Is it compliant with relevant legislation?

1
N/A
1 - Definitely a security; company not addressing it.
Whitepaper

View Breakdown
Comprehensiveness

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

1
N/A
1 - No. Its a brochure.
Readability

Is it easy enough to understand?

3
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.?

4
N/A
4 - Candid.
Business Plan

Does it contain a viable, comprehensive business plan?

1
N/A
1 - No. Its a wishlist.
Technology

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

1
N/A
1 - No. Ignored them.
Development Roadmap

View Breakdown
Concreteness

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

2
N/A
2 - Yes, but not defensable.
Feasiblity

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

1
N/A
1 - No. Can't be achieved.
Vision

Is there a larger, long-term vision?

3
N/A
3 - Yes, to a degree.
Maturity

Does it seem as though a lot of know-how and experience went into the development plan?

2
N/A
2 - Partly, somewhat adolescent.
Current position

Is the project currently sufficiently far along in its development plan (relative to its vision and plans)?

1
N/A
1 - No, all vision, no alignment.
Business Model

View Breakdown
Concreteness

Is there a concrete business plan (vs. market descriptions, general sentiments, and fluff)?

1
N/A
1 - No. Nothing.
Feasiblity

Is the business model realistic? Is it based on reasonable goals and timelines?

2
N/A
2 - Possibly, but very ambitious.
Clarity

Are the solution's revenue streams, profit mechanisms, key KPIs, etc. clear and easy enough to understand?

2
N/A
2 - Somewhat. Not enough.
Cost effectiveness

Is the project raising an amount of money that makes sense given what it needs to reach profitability?

1
N/A
1 - No. Amount is detached from project.
Legitimacy

Is it safe from legal, moral or investor abuse?

1
N/A
1 - No. These are almost expected.
Company and Team

View Breakdown
Company stage and foundation

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

2
N/A
2 - Initial stages of formation.
Founders

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

2
N/A
2 - Some, partial or fragmented information available.
Core team

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
N/A
2 - Partial or unclear involvement and commitment, or a very small team relative to plans.
Advisory Board

What is the level of presence, added value, and commitment of the advisory board?

2
N/A
2 - Few advisors of insufficient caliber or relevance.
Blockchain Talent

Are there enough sufficiently experienced blockchain architects and developers on the team?

1
N/A
1 - No blockchain experience
Development Talent

Are there enough sufficiently experienced non-blockchain developers on the team?

1
N/A
1 - No there are none
Business Talent

Are there enough sufficiently experienced business developers on the team?

2
N/A
2 - Some or partial.
Legal Counsel

Does the team have good legal counsel?

2
N/A
2 - Not clear.
Overall Skill Set

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

1
N/A
1 - No. Unrelated or irrelevant experience if any.
Token Sale

View Breakdown
Raise Amount Max

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

1
N/A
1 - No, very greedy / insufficient.
Raise Amount Min

Is the minimum raise reasonably enough to carry out the majority of the development plan? Are there raise amount dependent milestones?

1
N/A
1 - None; or no sense of what is actually necessary.
Fund Allocation

Is fund distribution and allocation reasonable and justified?

2
N/A
2 - Use of funds only loosely defined.
Token Sold / Kept Ratio

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

3
N/A
3 - Sufficiently balanced.
Quality Campaign Stategy

Is the ICO well planned in terms of time, phases and scenarios?

2
N/A
2 - Amateur
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
N/A
2 - Minor exposure and interest

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