Overview:
Artificial intelligence and bigdata are enhanced the technology, with these adoptions traditional system it created more demand for storage and computational processing power.
IAGON is aiming to revolutionize the cloud service by using decentralized grid of storage and processing without compromising the security. It provides storages to companies and individuals.
It uses blockchain technology to provide flexibility and freedom of choice in the storage, its data lake technology which is based on the Hadoop framework, in a simple way we can say it’s a storage where we can store and be retrieve from.
Architecture:
IAGON architecture consists of three unique solutions, which are machine learning algorithm, blockchain and miners and encryption, decryption. Whenever user sends request to IAGON, it machine algorithm sends blocks of data to miners for the processing, after processing it is sent back to multiple blocks through blockchain which enables anonymity and privacy to the users.
It uses reinforcement learning for the decision making, it undergoes active learning to optimize the decision process this uses method of Markov Decision Process which describes decision making in situations where outcomes are partly random and partly under the control of a decision maker.
This uses encryption and decryption protocol to ensure data security, it encrypts the data and stores in the others cloud, and it decrypts it when the owner wants to access the data. It uses AES-256 to encrypt and decrypt data which is recommended by NIST (National Institute of Standards and Technology).
Token economy:
IAGON issues utility token called “IAG” which is used in the internal ecosystem for the services in this platform such as storage fee, miner rewards etc.
Team:
Dr. Navjit Dhaliwal-Chief Executive Officer
He is the CEO of Mjøsa Tannklinikk which is Norway based dental organization, founding partner of Arbo Lab As for 4 years, and founding partner for CanPol AS.
Dr. Elad Harison-COO
He is an AI and Machine Learning Expert, Economist and Industrial Engineer. His everyday work integrates the technical, scientific, business and economic aspects of the organizational processes at IAGON. He is responsible for fostering a success-oriented, accountable environment within the company.
Dr. Claudio Lima-CTO
He is a seasoned executive and thought leader in advanced energy and telecom/IT, working with emerging technologies, new businesses and digital transformation. Dr. Lima has extensive Fortune 500 industry and high-tech start-up experience as Chief Technology Officer (CTO) and VP of Innovation, including R&D Labs, leading teams in advanced energy systems, Internet of Things (IoT), Enterprise Blockchain and AI, Smart Grid, Microgrid and Distributed and Intelligent Energy Resources (DER)
Token details:
Token symbol: IAG
1 IAG= $0.12
Total token supply: 500,000,000
Hardcap: 50,000ETH (approx. 23,434,000 USD)
Softcap: 5,000ETH (approx. 2,343,400 USD)
Crowd sale: Starts from July 07th 2018
Verdict
Pros:
• Idea of the project seems viable in the market, because there is lot of demand in the market for clod storage
• Advisory team looks great, they have an experience in reputed companies like amazon, google, IBM, oracle, Microsoft, LDJ Capital etc.
• It has working MVP in their website which is easy to use
• Roadmap is very clear about milestones to be achieved till January 2019
• Social media hype is good, its telegram community has 28k+ members as of now
Cons:
• Its CEO is beginner in the cryptocurrency and cloud servicing, he is experienced in dental health, which has no relation to the crypto as well as blockchain.
• White paper is little bit technical, it may not understandable for the average investors
Links:
Website: https://www.iagon.com/
Whitepaper: https://www.iagon.com/pdf/Iagon%20Whitepaper%20v3.2.pdf
Telegram: https://t.me/Iagon_official
Facebook: https://www.facebook.com/IagonOfficial/
Twitter: https://twitter.com/IagonOfficial
Medium: https://medium.com/iagon-official
LinkedIn: https://www.linkedin.com/company/27002657/
Bitcoin talk Username: anushkamehta0902
Bitcoin talk profile link: https://bitcointalk.org/index.php?action=profile;u=2039767
ETH address: 0xd1c62C22C078A0C6B1E42F7200F0b082EE81a64a