What is BLZ? Analysis and 2018 Market Outlook

BLZ Overview:

Bluzelle (BLZ) is a decentralized database service using swarm computing. Users pay, or are paid for using or providing storage within the swarm. 

Pros:

• The Bluzelle team and advisory board is exceptional.  
• The company have realistic milestones stretching into 2019.  
• The solution on offer is realistic and via tokens people can earn or utilize decentralized storage.

Cons:

• There is a lot of competition within the decentralized storage space all offering similar solutions.  
• With a finite supply of tokens the availability might become stretched, or priced highly at times.

Comparison:

• Amazon Web Services
• Azure
• Rackspace

Competitors:

• Filecoin
• Storj
• Siacoin

2018 Market Outlook:

Value as of February 23rd 2018 -   $0.565150 

 What is your target for BLZ by the end of 2018? Tell us in the comments.  

Intelligentsia:

• Pavel Bains, Co-Founder and CEO of Bluzelle.
• Yubo Ruan, Advisor and founder of 8 Decimal Capital.
• Alex Leverington, Advisor and Core Ethereum Developer.
• 8 Decimal Capital and others as part of $19,500,000 US from Initial Coin Offering (ICO).

Milestones:

• July 2014, Bluzelle is founded.
• April 2015, launches Canadian Ripple Gateway connecting to Canadian Banking debit network.
• September 2016, builds Ethereum-based consumer mobile insurance application for global insurer AIA.
• July 2017, builds Ethereum-based insurance platform for a large Asian insurer.

Roadmap:

• April 2018, Minimum Viable Product.
• August 2018, desktop and mobile apps for interactive access.  
• December 2018, NoSQL documents, collections, indices and partitions.
• April 2019, proof of storage challenge and rewards, proof of stake for farmers.
• August 2019, vertical, 2D partitioning, proof of redundancy.
• December 2019, multiparty encryption, complex binary blob storage support.

Supply:

• 500M total BLZ tokens were created.
• 33% (165M) sold to the public through private and public sale
• 22% (110M) retained by the Company for future use.
• 10% (50M) for the community and development pool. 
• 15% (75M) for the founders. 
• 5% (25M) for company employees. 
• 5% (25M) for our seed investor True Global Ventures. 
• 10% (50M) for advisors and bounties.

Function:

• BLZ is a utility token for using the Bluzelle decentralized database service.
• The token is easily attainable via exchanges so developers can use the service. 
• Bluzelle (BLZ) has a fixed token supply. Owning a token gives access to a set amount of the capacity of the total Bluzelle Network.
• The capacity of Bluzelle will grow. Therefore, each token will be able to purchase a larger amount of total compute power / disk space.

Usage:

• The BLZ token is used within the Bluzelle system.  
• To use or provide space you need tokens which keeps the ecosystem running.  
• BLZ is relevant to ensure tokens earned via Bluzelle can be traded via exchanges for other product tokens.  

The Official Video:

Our goal with this profile is to simplify and make accessible the vast array of information available. If we've failed to include any information or made errors please let us know. For the full profile go to Full Tilt Crypto. 

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