A CryptoStandard Score of 7.1 and a Stable+ outlook are assigned to Crowd Machine (ICO starts on 01 April 2018).

Our team believes Crowd Machine may be able to cause a disruptive change to the current cloud computing industry through the utilization of decentralized computing. By lowering the technical barrier for non-developers to program on the platform, Crowd Machine will be able to appeal to a wider audience. However, with the platform having a prime focus on functionality, our team would like to have better visibility into the prototype to judge its ability to hold up to the incumbent in the industry.

Crowd Machine consists of three parts - a global decentralized app execution engine designed to execute blockchain smart contracts and decentralized apps that meet any requirement, an app studio that enables anyone to create decentralized apps without writing code and a GitHub-like repository of source code that developers can use free of charge to help build their apps.

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:

Crowd Machine CryptoStandard score distribution

Idea
Using the blockchain technology to enable system decentralization for computing power may create disruption to the conventional cloud solution market, and is in line with the prevailing and strengthening trend of cloud computing.

Competitiveness
Many strong competitors exist, particularly the incumbent like Microsoft Azure and Oracle which have also entered the blockchain space. It will be important for Crowd Machine to substantiate its competitive edges to lure customers from existing players, or to focus their attention on the mass market to capture a different market.

ICO
Some of the detailed are omitted from the documents, for example the plan to list the tokens, whether there will be any buybacks and the treatment of unsold tokens. Our team also feels apprehensive about the rather large portion of the proceeds going to sales and administration. The exchange rate of the tokens being determined by market brings about additional uncertainty to the token.

Team
The team is composed of talents from business, blockchain and technology, but they generally lack visibility on social media such as Facebook and Twitter.

Community
The community is strong with over 4,000 Telegram members and over 4,500 Twitter followers already. However, we expect issues raised by investors in these channels could have been addressed more thoroughly.

Marketing
Crowd Machine is generally present on all the mainstream media platforms, and is also covered by reputable press like Forbes and Reuters.

Documentation
The consistency and completeness of the documents are acceptable, but our team believes that more information on the team can be provided in the white paper or on the website, including links to their social media sites.

Financials
Crowd machine has provided some financial projections in terms of revenues and cash flows, customer acquisition costs and hosting costs, which look reasonable to our team.

Reliability
The beta prototype for the platform has been released already, but a more detailed execution plan would help enhance investors’ understanding of the progression of the business, thus having greater confidence in the project.

Feasibility
The biggest hurdle for Crowd Machine would be to create and sustain an edge significant enough to compete against the goliath in the industry. According their website, they have got renowned clients on board such as General Electric and Aon Hewitt, but our team has reservations about it given the lack of clarity on the the agreements between the companies and Crowd Machine.

See their profile at: https://cryptostandard.io/ico/crowd-machine/

@CrowdMachine

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