No tokens — not viable; research platform
Although they believed that pairing scientific research and tokens together was a good match it wasn't clear from a business perspective whether it would work and so this became a hard sell. Moreover, they began to understand that the platform isn't just for scientific research, but could be for any high-value intangible assets (IP in general: e.g. patents).
This realization made them shift to more traditional industries. They began to approach businesses, publishing houses, scientific communities, grant agencies — trying to sell them a solution. The idea was not about just launching a chain and growing the price of the token; but trying to get clients and business.
When they started, they started with their own blockchain: Graphene-based — developed by BitShares (fairly well-known in the blockchain sphere).
They wanted the project to be more user-friendly for people outside of blockchain (i.e. no Metamask, no transaction fees).Grants
- Blockchers 2020 (it was Blockchers program, they were funded within Horizon 2020 program and we were kind of subawardees) - built a system for grant management. —summer-winter 2020
- Web3 Foundation Grant (Polkadot) — winter 2020 (still ongoing, one milestone delivered)
- EOSC Co-creation pilot - summer-autumn 2020
Timestamping of docs/files/IP assets on a blockchain. Show prior art (before time to file, etc.).
Market for this was not ready. This product was wound up (1-2 years ago), but the technical findings from this project are now used in the existing system: Timestamping, Proof-of-Share (important for secure communication)