IRIS-Network

Markus Loiola
Sep 5, 2018 · 7 min read

0. information

0.1 About ICO

The IRIS network is a company that has set itself the goal of accelerating and facilitating the development of distributed business applications. This is solved by a distributed ledger and heterogeneous chains that run through the Cosmos/Tendermint services.

0.2 Problem

The blockchain made it possible to maintain cost-effective contractual relationships. With these Smart-Contracts many intermediate positions are eliminated and the process up to the finished contract is shortened from several days to several minutes. However, like any new technology, this technology is still in its infancy and has various flaws. These include limited performance and undeveloped control mechanisms. Special systems like Hyperledger solve this problem, but the technology used is dominated by large companies. Furthermore, the close-form off-, on-chain governance model of the consortium chains is very inefficient.

0.3 Solution

The goal of the IRIS network is to create a technological foundation that facilitates the development of distributed business applications. The main challenges facing the IRIS network are the integration and collaboration of off-chain computing and resources on a distributed ledger. And the interoperability of services across heterogeneous chains. This is achieved by integrating a service-oriented infrastructure via the Comos/Tendermint service.

1. Team, Advisors, Partners & Investors

1.0 Team

Core Members

Harriet Cao

Harriet is the founder of Bianjie AI, which a Shanghai-based start-up focusing on building smart services for blockchain that enable trustworthy and efficient business collaborations using distributed AI technology. Harriet is an award-winning practitioner of data analytics and artificial intelligence technologies, and was the recipient of 2010 INFORMS Daniel H. Wagner Prize. Prior to establishing Bianjie AI, Harriet worked for IBM Research for more than 16 years in various capacities including Director of IBM Research Shanghai Lab and Big Data Analytics Leader for IBM Global Labs. Harriet has an M.S degree in Robotics from Carnegie Mellon University and an M.S. degree in Automation Control from Tsinghua University.

Haifeng Xi

Haifeng is a senior technologist and entrepreneur. Since returning to China from the United States in 2009, he had worked in the capacity of Chief Technology Officer for three companies, one of which is NASDAQ listed. He also co-founded two start-ups in Shanghai, where he plays an active role of technical leader and engineering champion. Haifeng has a Master’s degree in Electrical and Computer Engineering from the University of Maryland, and a Master’s and Bachelor’s degree in Automatic Control from Tsinghua University.

Jae Kwon

After graduating from Cornell in 2005 with an undergraduate degree in computer science, Jae worked as a software developer in Silicon Valley, first at Amazon (where he worked on the Alexa digital assistant), then later at Yelp, where he led their mobile app development team. After getting the blockchain bug, Jae created the Tendermint BFT consensus algorithm and the Tendermint Core blockchain engine, with the intent of creating a provably secure proof-of-stake algorithm. In addition to Tendermint, Jae is also the creator of Cosmos.

Tom Tao

Since joining Wanxiang in August 2016, Tom is responsible for Wanxiang Blockhain Group’s consulting service, Wancloud BaaS Platform as well as the ChainBase accelerator and incubator service. Before Wanxiang, Tom worked in service management and business management for over 18 years in a number of global leading companies. Tom has spearheaded the introduction of cloud services, IoT data service platforms, and creative accelerator technologies into the Chinese market. Tom has been tracking trends in the blockchain, cloud computing, IoT and smart manufacturing industries since 2013. Tom has a Master’s degree in Physics from Fudan University and a Bachelor’s degree in Electrical Engineering from Nankai University.

1.1 Advisors

Advisors

Jim Yang

Jim Yang runs Strategy for Tendermint. He was the founder and CEO at ChatX, mobile messaging studio. ChatX developed various mobile messaging/social apps. He also co-founded Identyx, where he served as CEO until its acquisition by Red Hat. Identyx developed an open source enterprise identity management software.

Zaki Manian

Zaki Manian, Executive Director of Trusted IoT Alliance, is a prolific contributor to the development of blockchain and cryptocurrency technology. Zaki has deep expertise in cryptography and distributed consensus system. He is also an advisor to the Cosmos project, and several other investment funds and startup in the space.

Adrian Brink

Adrian Brink, Core Developer & Head of Community of Tendermint / Cosmos Network.

Michael Yuan

Dr. Michael Yuan is the Director of the CyberMiles Foundation. Michael received a PhD in Astrophysics from University of Texas at Austin. He is the author of 5 books on software development, published by Prentice Hall, Addison-Wesley, and O’Reilly. Michael was an active code committer in large Open Source projects such as Firefox, Fedora, JBoss, and others. He is an expert on enterprise and mobile software, and was a Principle Investigator on multiple research projects funded by the US government.

Yubo Ruan

Yubo is the founder of 8 Decimal Capital. The fund invested in IRISnet,0x、Kyber、Ontology、Fcoin、Zilliqa、ICON、Wanchian、Bibox、BiShiJie. Yubo is the co-founder of Skylight Investment, a boston based venture fund backed by New Oriental(NYSE:EDU). Previously, Yubo started two highly successful companies, including Alisimba (Acquired by TopHacker Group) held 4 national patents and won the 2017 AACYF 30 under 30, Silver Medal Winner, iENA International Inventions Competition, 2012.

1.2 Partners & Investors

2. Structure / Concept

The IRIS network is to become a part of the Comos network (“iService”) a so-called zone. In this structured construct with various zones there are 3 network actors.

The consumer:

These are the people who can use the off-chain services by making requests to the network and getting answers from it.

The providers:

The providers are users who offer one or even several implementations of “iService”. Thus, they serve as adapters for off-chain services and resources in different consortium chains as well as in legacy systems of companies.

These providers monitor and process requests and send requests and responses back to the network. A provider can also act as a consumer by forwarding requests to other providers.

This constellation is linked to usage fees that can be paid in your own IRIS currency or another Cosmos currency.

The profiler:

The profiler is a special user working on behalf of the IRIS Foundation. The foundation takes the lead in the development of the IRIS network. The profiler is the only user with the authorization to access “iService” in profiling mode. This means that objective work profiles can be created and maintained, thus enabling the selection of suitable employees for consumers.

3. Product

Since the product embodies a digital service, the source code is visible at Github. Here is the link to source code: https://github.com/irisnet

If you are interested in testnet, here is also the link: https://github.com/irisnet/testnets/blob/master/README.md

4 Financial

Token Supply: 2 billion

Tokens for Sale: 400 million

Softcap: TBA Million

Hardcap: TBA million

5. Whitelist / KYC

Whitelist: TBA

KYC: TBA

6. Transparency

The IRIS network has a very transparent structure. It is described in the whitepaper down to the smallest detail how everything works and the source code is freely available on Github. In addition, there is a Testnet with which you can already test the product.

7. Risk Level

We consider an investment in this ICO to be low risk.

8. Additional / Special

OneLedger has entered into a partnership with a company called Hashgard, which itself just launched an ICO, which was bought up by the many major investors and was then only available as Airdrop. As a result, part of the Hashgard community is also part of IRIS.

9. Conclusion

The IRIS-Network project is a large project with great potential. Due to the many cooperations and experienced adivsors, the ICO should be successful. The IRIS network is a company that has set itself the goal of accelerating and facilitating the development of distributed business applications. This is solved by a distributed ledger and heterogeneous chains that run through the Cosmos/Tendermint services. Through the partnership with Hashgard, who also recently published an ICO, part of the community follows the IRIS network.

 by the author.

Markus Loiola

Written by

Blockchain enthusiast and ICO consultant / specialist 💠 Become a blockchain & cryptocurrency expert 📲 DM to finally earn money with crypto

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