Eleven01 Roadmap — Surveying the Way Forward
Since our inception in 2018, Eleven01 has evolved to powering blockchain usecases through practical implementation. As a key industry trend, the pragmatic blockchain approach is turning out to be the best way of getting large scale applications to truly implement and utilize the technology.
Without calling it so, this has been our approach since launch. Through our private and public implementations of Eleven01, we have had enterprise blockchain implementations through the likes of our partners at Tech Mahindra and Microsoft, as well as early-stage B2C startups, who are building smart economy use cases.
Our key focus on interoperability has reduced implementation friction and promises to usher an ecosystem of partnership and growth. These continue to be our key focuses for 2020 and here are our tentative roadmaps for technology and business in the coming year.
Technology roadmap
Base Chain Focus -
The Eleven01 blockchain’s key technical pillars are dynamic consensus, interoperability and high level of encryption. In 2020, our focus will be to continue to be in strengthening these three pillars.
Timeline — Year long
The year of De-Fi
With the advent of De-Fi, we will develop a dedicated De-Fi facing protocol that runs off the Eleven01 base chain. Through this, we aim to power Indian companies with a platform and set of tools that makes launching De-Fi features seamless, secure and easy.
Timeline — end of Q2
Smart contracting done right -
Additionally, we will also be working on developing our own contracting language. We strongly believe that smart contract security can be greatly developed by creating a strong contracting language with rigid syntaxes, without compromising ease of use and deployment.
Timeline — end of Q3
Mainnet -
Lastly, Eleven01 will be doing a mainnet launch by the end of the year, with fully functional, production level, dynamic consensus, and seamless interoperability. For the public chain, this will also have a complete token swap as we move away from the ERC 20 standard, and chain migration for all active Eleven01 dApps.
Timeline — the beginning of Q4
Business roadmap
As a part of pragmatic blockchain approach, the primary focus of Eleven01 is power applications and usecases that have the potential of immediate impact. This is not to say that we at Eleven01 will not work with moonshots or other completely decentralised applications. DeFi will be one of our core focuses this year as well, but our decision to pursue and invest resources will be driven by implementability and token utility.
Enterprise adoption
We will be working closely with our partners Tech Mahindra and Microsoft to close 30 large scale, enterprise clients. We are already in conversation with several large scale Indian and US enterprises for implementing blockchain solutions.
Target — 30 paying enterprise customers by Q3 2020
Platform evangelism
We will also drive platform evangelism through boutique tech consulting companies and ISVs to empanel Eleven01 as an implementation protocol. Our current target is 150 ISVs by the end of 2020.
Target — 150 empanelled ISVs by 2020
De-Fi apps
Eleven01 will partner and invest in 10 DeFi applications within the first half of 2020, to power this growing phenomenon. This will be achieved before the launch of the DeFi protocol.
Target — 10 DeFi partners within 2020
Moving forward
We take this time to tender an apology to the Eleven01 community for being less responsive on the Telegram group. While the calls for engagement on the group have been noticed, we are eternally thankful for the community support so far. We will pursue the token listing and utility agenda for our community.
Having said that, our current bandwidths have been fully consumed in product and business development and we are unable to serve the telegram community. We are therefore moving all official communications to Twitter, which will feature all product and biz-dev updates, and a monthly update newsletter. ( The Telegram group will be shut down as of 12th March)
Thank you for the understanding and keep supporting Eleven01!
