I bring to your attention the Ukrainian startup Remme. The project ICO was released, quickly developed and attracted by users. In the article we consider why.
Problem statement
85% of hacking cases occur due to information leakage in passwords. The human factor and the imperfection of the system play a role in that context. Users can forget passwords or they write them down somewhere, then they lose them. A lot of time and system resources goes to restore security, including changing passwords.
The companies devote significant means for the creation of software safety department. This is long, economically unprofitable and inconvenient for the user. The project solves the problem of security, ease of registration and logging in.
It’s lasting for a considerable time, economically unprofitable and inconvenient to use. The project solves the problem of security, registration and logging in.
The very notion of safety improvement is not current.
In project material you can see the Remme team engineered new solution. It lies in the password-free user validation in the blockchain.
Peer group analysis
The writability of security system separated Remme project among the competitors. Passwords, logins, PIN-codes are not provided. Clients will be integrated through ready-made platform plugins.
Industry competitors offer expensive paid systems. The Clif offers a paid version. Large solutions from Authy, Twilio are also expensive to use. The OAuth validation depends on the Facebook account, which doesn’t improve the system security.
REMME’s killer features
Using free version of the system in number of 10,000 logins per month.
Up to 100,000 logins per month can be used for $199. It’s inexpensively as compared to industry peers
High security is achieved through decentralization. This is done by creating
its own decentralized technology based on Ethereum and Dash.
The system automatically identifies the user by key (by unique SSL certificate). It is stored in the blockchain. It’s not necessary to remember complex passwords, logins.
The advantage of its system is shown in the figure.
The project has a unique type of nodes ー masternodes. It differs from a simple node by the ability of creation a new block.
In the blockchain it will be possible to store all the necessary information. In a closed network, the list of masternodes is made by system administrators. In an open network, the system automatically manages it. Masternode can be created by any user, when he needs the blockchain. But most of the customers will use the «simple node». It contains only necessary information for the verification process.
REM Tokens
In Remme platform REM tokens can be used for:
- the development of decentralization systems;
- production of nodes;
- creation, deleting the certificates.
According to present knowledge, the tokens sale is finished. The token had quickly be sold. About $20 million was collected taking into account the Pre-sale.
The proceeds will go towards the product development, its modernization. Also the bite will go towards paying staff salary and opening new offices.
Prospects for the project
After the successful beginning of the project, the effectiveness of its platform is proved. The team works at the site, builds the project architecture. There are potential customers, such as Ukrainian state company «Ukrinmash». The project cooperates with Infopulse in order to advance the security solution.
Now the project is at the stage of the completion of closed blockchain development:
- securing of high audit efficiency;
- service implementation to the client platforms, sites, applications;
- expanding additional features for 2FA.
The team plans to meet these targets at the end of Q2 2018. If everything goes according to plan, the project will be publicly tested in Q3-Q4 2018. At the end of the year, the platform release is planned. In 2019 the future capital provision will allow the team to start staff expansion in the USA.
In the future, the startup is going to work actively with worldwide companies. The team is set to the Tokyo and Singapore markets.
The team plans to cover expenses with incomes and compete on such figures for 5 years.
Anticipated revenue, including Gross Profit
| Period of time, years | Revenue, $/month | Gross Profit, $/month |
|---|---|---|
| 1 | 100 000 | 50 000 |
| 2 | 500 000 | 200 000 |
| 5 | 2 000 000 | 800 000 |
Conclusion
The project is really ambitious. The risk of project failing and tokens sag is minimal due to the increasing interest from investors and customers. Today there are no fitting rivals. The situation contributes to increase REM tokens in prices. If everything planned is implemented, then we will see a security breakthrough. Operating systems will become a thing of the past and irrelevant.
Project links and more info:
Website: https://remme.io/
Telegram group: https://t.me/remme
Telegram news: https://t.me/remme_daily
Twitter: https://twitter.com/remme_io
Reddit: https://www.reddit.com/r/remme/
Facebook: https://facebook.com/remme.io/
Bounty topic: https://bitcointalk.org/index.php?topic=3611368
Announcement topic: https://bitcointalk.org/index.php?topic=2060387.0
About author:
Bitcointalk name: yareklamator
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1198671