OneLedger - One of the best project in 2018
About OneLedger
OneLedger is a cross-ledger agnostic protocol that enables high-performance scaling using a sharded and modified practical Byzantine Fault Tolerant consensus scheme -- which allows for either a permissionless or permissioned setting. By coupling public key infrastructure (PKI) with identity management, nodes (and node operators) will have a defined trust hierarchy that allows them to participate in the consensus of the OneLedger chain or any sidechain.
The Architecture
OneLedger enables you to focus building your business application through OneLedger modularization tools, which will communicate with OneLedger protocol using its API gateway. This mechanism will make your business application interact with different public and private blockchains synchronously through corresponding side chains implemented in OneLedger platform.
The Consensus
OneLedger defines a three-layer consensus protocol to enable more effective integration of different blockchain applications. Business logic can be implemented by the first layer – a configurable role-based consensus protocol leveraging hierarchical grouping similar to the structure of Merkle Tree. The side chain consensus protocol can move consensus traffic from the main chain with public consensus to the side chain with high performance and efficiency. OneLedger block structure enables the synchronization and reference between the three-layer consensus.
Highlights of project
Business Modularization
OneLedger forms a realizable and verifiable blockchain network which is modularized from real-world functionality, based on the sharing and immunity mechanisms provided by blockchain techniques.
Protocol-based Blockchain Communication
All transaction data and real source records are written into distributed nodes by validation mechanism of data sharing through OneLedger protocol. OneLedger protocol enables communication and access across the blockchain, and allows for deployment and extendability across various Blockchain networks.
High-performance Transaction
High-performance transactions enabled by a uniquely-engineered role and arbitration mechanism allowing for storage of data in a hierarchical structure.
Multi-chain Runtime Support
Focuses on providing a consistent runtime which is compatible with various blockchain protocols and application development stacks
OneLedger Team
- David Cao
David is the Founder and CEO of OneLedger. With over 3 years of blockchain experience and over
10 years of enterprise architect experience, David worked on a magnitude of technical projects for
several Fortune 500 enterprises. He also worked at IBM Toronto Lab on the development of DB2 and
WebSphere Commerce core engine.
- Alex Todd
Alex is a pioneer in the fintech and entrepreneurial space. He is the Founder and CEO of Trust 2 Pay,
and former CTO of PRESTO where he led the creation of innovative industry engagement programs
in support of the 10-year business model roadmap contributing to an estimated value of $200M+ over
five years.
- Stephen Li
Stephen is a senior software developer and a subject-matter expert in distributed application
innovation. He is a former senior consultant for Morgan Stanley and Deutsche Bank. He also worked in
IBM and Microsoft.
- Edwin Zhang
Edwin is a veteran in the blockchain startup and investment space. He is a former Software
Engineering Lead spearheading blockchain-related R&D for TribalScale – an innovation firm
specializing in emerging technologies.
- Paul W. Homer
Paul has spent the last 25 years designing and building commercial and enterprise software
for companies both large and small. His experience includes startups, the financial industry and
healthcare.
- Alex Lan
Alex is a data science expert. He holds a master’s degree in Computer Science with an emphasis on
machine learning and big data application. Alex is a former Business Intelligence Engineer at Amazon.
- Lester Li
Lester Li is a Full Stack Engineer who has been involved in the technology space for more than 10
years.
Advisors
- Trevor Koverko
Trevor is one of Canada’s most successful angel investors with early positions in ShapeShift.io, Luminex
and Royalty Exchange among several others.
- Matthew Niemerg
Matthew is a former IBM Center of Excellence Postdoctoral Fellow in High Performance Computing at
Oak Ridge National Laboratory.
- Jor Law
Jor is a pioneer in building out the ecosystem for digitizing and trading securities on the blockchain
and other distributed ledger technologies. He is a co-founder of VerifyInvestor.com, the dominant accredited investor
verification service in the world and a founding shareholder of Homeier Law PC.
- Sam Onat Yilmaz
Sam is a veteran venture investor primarily in the fintech and biotech verticals.
- Gavin Knight
Gavin led investor relations with BitAngels in 2013 coordinating pitches and investor connections for
equity based investments.
- Mervyn Chng
Mervyn graduated with a degree in Banking and Finance from Nanyang Business School in Singapore
before fast tracking a management career. He served as General Manager for an oil trading firm
managing 50 million USD in revenues before making the career switch to cryptocurrency.
- Reuben Loo
Reuben is a Partner in MW Partners, a consulting firm focused exclusively on blockchain-enabled
projects.
Roadmap
Q3–Q4 2017
Final whitepaper
Theoretical Proof of Concept
Q1-Q2 2018
Launch Ethereum sidechain testnet
Synchronize Ethereum sidechain with OneLedger protocol engine
Implement and optimize cross-chain consensus
Add more public chain support
Launch MVP with crosschain consensus
Q3-Q4 2018
Enable Bitcoin sidechain to allow for cross-chain support
Complete decentralized cross-chain exchange protocol
Complete implementation of modularization tools and compilers
Implement OneLedger's Identity Management System and Smart Contract Authorization System
Launch API gateway
Launch Alpha version of the OneLedger platform
2019+
Release first version of the OneLedger platform
Integrate with more blockchain protocols
Expand business network
Useful links
Hompage - https://oneledger.io
https://twitter.com/OneLedgerTech
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