Soar: Blockchain Based Platform for Drone Global Super Map
Overview:
It is a decentralized platform which is connecting customers with content creators (which is generated form drones) in a transparent way. It will help the data operators and the purchasers to utilise this data. Usage of drones are already adopted for the many usages like boarder monitoring and climate monitoring.
At the beginning of soar platform, it has created the market place for content buyers (customers) and content creators they can sell anything like video coverage, images, aerial mapping. After technology evolution it has enhanced its operations by touching untapped markets, its blockchain technology helps to identify the original videos and smart content ensures transparency and security while sharing the location, and it is aiming to provide huge content for users. Works with tokenization model which incentivizes the users for authentic content.
Soar platform:
Use of blockchain in the soar:
Blockchain technology helps the verifying the content created from drones, and it secures the content and provides transparency for with help of smart contract, all the content generated form drones are immutable which ensures the
Genuity of content and provides no room for fake news.
There is a huge scope for the commercial operations using drones, infrastructure has high predicted value in future, studies saying that it has value nearly $45 billion and mining las less scope which is valued to $4.4 billion.
According to market applications from 2016 to 2020 military has used 70% of the total applications used tills now.
Type of data soar is creating:
It can deal with multiple formats of data and holds different types data such as image, video, aerial mapping and specialist data
Image:
Soar captures high resolution shorts which will be reviewable the customer before viewing
Video:
Videos will be captured and uploaded by the drones with GPS location which consists of mapping tools.
Aerial mapping:
These are the top down images that are captured, in this polygon bounding box, capture altitude and map resolution.
Applications in various sectors:
Infrastructure:
Drones are used for the surveying the sites, it collects data from the survey and gives it the surveyor. It also inspects and identify the assets.
Insurance:
Drones are used to assess the damage occurred in disaster, it helps the companies to protect from fraudulent activities
through initial record of the damage so that no further damage will not come under the insurance.
Agriculture:
Drones are used to monitor the environmental change; its thermal cameras help the damage detection in the crops due to disease or weed. Soil analysis and planning can be done using drones.
Mining:
It will alert when any changes occur in the mining structure, pollution identification, environmental change detection in vegetation, waste disposal.
Emergency services & medical:
Drones are used to detect flame fronts and flare-up and supplies food and medicals in floods affected or disaster areas.
News, tourism & entertainment:
It captures the footage which will be used for documentary purpose, image capture and for movies and advertising.
Sky bounty system:
It will help the drone operators to identify which SkyBounty issuer needs information about a particular area and content creators can upload images or content of that area and get instant rewards, gives instant rewards to the content creators.
Revenue model of soar platform:
Soar platform has multiple revenue sources such as Commission model, Product differentiation model, Integrated services model and Content marketing model
Commission model revenue will generate form drones which they get from commission-based sales and the payment is done by SKYM tokens.
Product differentiation model provides the solution for the users by providing high quality content which includes editing and processing, its payment is based on market price, it provides content which is much higher quality than google maps.
Integrated service model:
It mainly focuses on the object-based image analysis algorithms that can be used to find out the images such as cars, trees etc.
Content marketing model allows building a strategic content, in the drone can be fixed and specific, it is aiming to create and provide authentic content which is verifiable to the end users
Roadmap:
They have started their journey in August 2017 with the concept of validation and release of military use, they have incorporated soar platform in the same year in the month of November and they have released their final version of whitepaper which is explaining each and every aspect of the project currently they are in the stage of beta release of the platform soon (December) they are going to release mobile application and 2019 January they are planning to expand soar with multi language support, April they will be releasing stage 2 of their beta version.
Token economy:
Soar issues Ethereum based Utility tokens called SKYM (SkyMap token) which can be used in the internal ecosystem of the platform for the services availed such as purchasing of drone content, allows individuals and organizations to become sponsors of the platform, creation of Sky Bounties.
Token details:
Token symbol: SKYM
Total supply of tokens: 350,000,000
Hardcap: $19,500,000
Use of Funds
Marketing & Sponsorship – 30%
Operations – 35%
Research & Development – 20%
Infrastructure – 10%
Legal/IP – 5%
Token Distribution:
Private Sale – 32.9%
Ecosystem – 19.4%
Community Building – 15.4%
Partnerships – 13.7%
Team – 12.3%
Public Sale – 4.3%
Advisors – 2%
Team:
Amir Farhand-CEO & Founder
Neil Prentice-Blockchain &Commercialisation
Chris Lowe-Lead Blockchain Scientist
Willem Swanepoel-Lead Mobile Developer
Verdict:
Pros:
• Partnered with Alibaba cloud, United Nations Global Compact, Krypital Group, FIDEM, Tokeneed
• JRR crypto, Nod Capital, Grand shores ventures, Blockfolks, etc. are investing in this project
• Roadmap is well drafted, it shows their future goals to be achieved till July 2019.
• Website and whitepaper has clear explanation of the project
• Website is appealing good, it gives brief idea of the project at a glance.
Cons:
• MVP of the project is not available as of now
• Social media hype is average, its telegram community has 5.3k+ members as of now
• No information about the team members and advisory team is available in the website and whitepaper
Links:
Website: https://soar.earth
Whitepaper: https://soar.earth/soar_whitepaper.pdf
Telegram: https://t.me/SoarEarth
Twitter: https://twitter.com/Soar_Earth
Facebook: https://www.facebook.com/SoarEarthOfficial/
Medium: https://medium.com/soar-earth
ANN Thread: https://bitcointalk.org/index.php?topic=4807008
Campaign Special Link: https://soar.earth/?utm_source=content&utm_medium=bounty
Krypital Bounty Group: https://t.me/KrypitalBounty
Krypital News: https://t.me/KrypitalNews
Bitcoin talk Username: anushkamehta0902
Bitcoin talk URL: https://bitcointalk.org/index.php?action=profile;u=2039767