A CryptoStandard Score of 6.8 and a Stable outlook are assigned to Cibus (ICO starts on 28 Feb 2018).

Cibus would like to ensure a greater degree of trust and traceability within the food supply chain around the world. We believe that they would be able to create a platform for storing information and reduce costs and friction by utilizing the blockchain technology. The marketplace and social platform presented by Cibus are prime examples of their competitive advantages. However, the team lacks strong blockchain experts to execute their plan when compared to other cryptocurrency companies. This may hinder the construction of their idea, possibly affecting the outcome/ final product of the project. Also, other blockchain-based competitors, like TE-FOOD which was rated by our team before, are more ready to launch their service as they already have a working platform.

Cibus is a food tracking company which integrates blockchain into the food and dietary segment. It intends to provide a decentralized platform, which ensures transparency throughout the whole supply chain, at a lower cost than usual. Besides, Cibus wants to establish a B2B food supply chain marketplace and a P2P social network that focuses on food.

The analysis is based on our rigorous CryptoStandard Score model which is supported by over 80 parameters. The distribution of the score and the explanation are shown below:

Cibus CryptoStandard score distribution

Idea
Cibus' idea allows users to track and transact food and dietary supplement products. Realising this idea through the use of blockchain, users can receive more reliable and transparent information regarding food quality and safety. This will solve the uncertainty arisen due to the lack of trust and traceability throughout the supply chain. Also, Cibus plans to develop 8 prominent features: Cibus Trace, Cibus Social, Cibus Retail, Cibus Trade, Cibus Affiliate, Cibus Ad, Cibus Escrow and Cibus Logistics. All of which will be integrated and bring greater interconnectedness across the globe.

Competitiveness
There are a few direct active competitors that provide similar services as Cibus. One of them is TE-FOOD which was analysed by our team. Even though Cibus is one of the firsts to integrate blockchain into the supply chain of the food industry, other companies like TE-FOOD are much more advanced and developed at the moment; TE-FOOD has an efficient running platform. Due to the more advanced, existing operators, we believe Cibus will face difficulties in competing in the global market.

ICO
The details of the ICO are consistent and easily available to investors. There will be no future offerings of the token. However, the need for a specific token is limited. The same idea could be executed without a specific coin, though the blockchain technology is strongly needed.

Team
We believe the team is diverse with strong backgrounds. They especially value food expertise as they have several relevant experienced members to ensure that the idea will be accurately executed. However, there are not many blockchain experts on the team, which may be a limitation to their success.

Community
The advisors on social media platforms are quick responders, enabling issues/concerns to be addressed as soon as possible. The platforms are decently developed with a mediocre degree of hype judging by the average number of followers on various platforms.

Marketing
Cibus effectively markets their brand through various platforms. They also have a specific section for their news appearances on their website, which is positively unique comparing to other cryptocurrency companies.

Documentation
All of the documents are consistent and well-written, making it easy for a layman to understand. All the information presented in their documents is sufficient. A technical paper explaining the mechanics is also well presented.

Financials
Cibus has not provided any financials, both prior and future. However, since CIBUS is not a security token, a mediocre score has been awarded for this section.

Reliability
To date, Cibus has not released any prototype. The alpha is said to be released by the end of Q3 2018. In view of this, their current use base is minimal and the reliability of their project is questioned. As developing a working prototype requires much time and efforts. a weak score has been assigned to this category until Cibus is able to provide a working prototype and convince the team .

Feasibility
There are no obvious legal issues to comply with. Most of the ideas proposed by Cibus already have precedents and therefore are highly feasible. However, it is worth noting that the handling of the trade data, which could be very sensitive, may hinder the development of the marketplace.

See their profile: https://cryptostandard.io/ico/cibus/

@CIBUS

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