Indeed it could. However there is the first to market principle. I wouldn't worry about competetion in the general sense. There are trillions of dollars worth of wealth that will be seeking valid forms of re-monetization. Be glad you're in at the early stage. Be glad we have a developer who's interested enough to assist with open sourcing the code and who's taken a justifiable position about the Enigma code.

I think it's really important to seek the motivations of the developer and work to be in allignment with things that support his desires so that the project may blossom.