Deepcloud AI review

Another competitor to Golem?

Abstract

DeepCloud AI is building an AI driven decentralized cloud computing platform for running decentralized applications (IOT and Web 3.0). They are building a protocol that runs on top of a blockchain with smart contract support which allows users to provide excess computational and storage resources in return for payment in DEEP (their native token). They are looking to 
 1) Disrupt the traditional cloud computing market dominated by AWS, Google and Azure, going after customers from the IOT sector and AI sector predominately. 
2) Provide a fast and scalable blockchain to run Web 3.0 Dapps, something which Bitcoin and Ethereum cannot currently handle due to its low throughput

 Who are they?

DeepCloud is owned and administered by DeepCloud Pte Ltd, a company incorporated in Singapore. They have a mix of seasoned cloud computing experts, developers and project managers. Their CEO is Max Rye (California, US).

Technology

DeepCloud is a decentralized infrastructure as an service (IaaS)

DeepCloud is a decentralized infrastructure as an service (IaaS) which relies on network resource providers (me and you, businesses etc) to provide their computational power and storage resources for financial rewards, An application market place which allows developers to sell reusable components to build Dapps for financial incentives and a developer community providing open source tools for building IOT and Dapp applications for free to entice a strong community of developers (smart move).

So what makes this different from the rest?

DeepCloud key differentiating feature is their AI Controller.  Simple explanation of this would be it controls resources available from the network resource providers and allocate resources proportionally to consumers to avoid bottlenecks and ensure optimal performance. A more in depth explanation of their AI technology will be posted later

Development

Currently they are developing their MVP, they plan to open part of their github and demo it to me

Road map

Test net launch August 2018
Main net launch Q1 2019(Iaas) with corporate testing
Application marketplace Q1/Q2 2019

Team

Max Rye
CEO DeepCloud
Senior system engineer Inland revenue service (US) 3 years
Regional IT director Hyatt hotels 4 years

A lot of experience within building and running systems, held management position in top companies great technical CEO in my book +1

Geeta Chauhan
CTO DeepCloud
CTO Acatel-Lucent (acquired by Nokia) 1 year
Director technology Acatel-Lucent 5 years

CTO with experience in a big company seems reputable +1

Joseph Vargas
Chief  AI/Architect DeepCloud
Senior cloud architect HP 4 years
Senior solution architect VMware 3 years

Impressive work history, capable of building DeepCloud +1

Miroslav Sala
CMO  DeepCloud
Business performance manager/Financial analyst Ebay 5 years 

Former ebay employee, should have enough experience and business sense to steer DeepCloud into the right direction for expansion 

Felix Castro Rodriguez
Head of research team DeepCloud

No previous work history

Benson Leung
Project Manager DeepCloud
Project Manager Espirit
Project Manager Adecco

Has good experience in delivering on his role!

Darryl Lo
Business development manager DeepCloud
ICO advisory firm to Pchain, Zebi, Sentinel chain

Good references from top project already 

Derin Karim
Community manager DeepCloud
Same ICO advisory firm as Darryl

Same as above

Maged M.Eljazzar
AI and blockchain developer 2 years
AI team lead Botler.io 5 months

No real stellar work history went freelance for 2 years hard to judge

David Mendieta
Computer engineer

Yurii Oleksyshyn
Software Engineer Toptal

Advisers

Vishwas Manral
0chain advisor
Vice chairman Cloud security alliance
Technologist HP

Ahmed Sayed
Senior research scientist Huawei
PHD researcher computer scientist 

Hengky Susanto
Researcher Huawei
PHD researcher Cloud system

3 strong advisers

Partnerships

tv aztecea
blockfolks
blockchain tech team

Token metrics

Hard cap = $15 million 
Total supply = fixed 200 million
1 DEEP = $0.25
ERC-20 token will be exchange to their native token later
Sold to investors = 40% 
Private sale bonus locked for 3 months
Team tokens = 20% linearly vested over 2 years
Reserve = 12% linearly vested over 2 years
Marketing = 8%
Partnership = 15% For partner sales, it refers to them selling the tokens to enterprises who are coming onboard with them, using DeepCloud AI.
However partner sales will only take place AFTER the main net is up and running.

Competition/Risk

DeepCloud is competing with the likes of Golem ($515 million market cap), iExec ($136 mil), SONM ($75 mil). The ico marketcap for DeepCloud is $37.5 mil undiluted, so the upside could be between x2 to 13x. Keep in mind Golem has been establish for a long time and would require significant time if it were to catch up. 

Conclusion 

Deepcloud Ai promises to disrupt and capture a very large market, cloud computing is only going to grow. On one hand we have a good solid team with great past work experience and good technical advisers, on the other hand there's no hype for it at all, current state of development and blockchain is a mystery. Lack of a business developer advisor, lack of any institutional investment and a smaller upside potential compare to other projects.

I will wait for more information before I'll give them my final grade