Since the Sentinel Chain ICO is approaching on the horizon, now’s as good as any a time to dive a little deeper into the two key components of this project that should be of interest to you, the (potential) investor:

1. The impact of the project is fundamentally life-altering for people in a less fortunate financial situation in rural areas and third world countries.
2. The financial prospects of the ICO that create a win-win situation.

Since I’d argue the main reasons for investing in this project should be philanthropic rather than for your personal financial gain, this article will firstly focus on the core concepts of Sentinel Chain project — secondarily it will focus on the more ‘selfish’ benefits your support may have.

The need for financial inclusion

As can be seen in their summarizing video, “poor” farmers in rural areas and third world countries are richer than they think. Their classification as poor misses the mark, as the net worth of these farmers is largely dependent on an asset class that isn’t traditionally considered: their livestock.

Since this traditional method of classification dismisses these farmers as poor, they fall by the wayside when it comes to financial services. Their inability to leverage their uncounted assets makes them unable to apply for loans successfully, preventing them from investing in the improvement of their businesses and ultimately their lives. To compound these problems, they’re also unable to insure their livestock sufficiently, risking their livelihood significantly.

These problems are hampering the progress these people can bring to their communities. So while the need for local food production in specifically these underserved areas is growing, the aforementioned financial barriers are blocking the key players in this process from accessing the necessary financial resources. If these smallholders, who vastly outnumber the large corporations, are in the best position to provide structural improvement to their regions, why are we not setting up the infrastructure they need to help themselves and their neighbors?

The value of Sentinel Chain’s infrastructure

A core concept of the infrastructure is the RFID-tagging of livestock. These RFID tags are tamper-proof, and register data about the livestock to the blockchain. This allows a valuation of the farmers’ livestock, and thus provides a means to hedge loans on the livestock collateral both locally and from overseas. The identification of the livestock also allows the farmer to properly insure his live assets, and thus safeguard his livelihood.

Traditionally tagged livestock

The blockchain infrastructure that the livestock information is stored on will consist of 2 components: the CrossPay blockchain, and Sentinel Chain.

The CrossPay blockchain will utilize a private/internal local-currency pegged token called LCT (Local CrossPay Token) to facilitate B2C transaction on the CrossPay platform. This CrossPay blockchain will be interfaced with on the CrossPay app. This app allows farmers to track their assets, and (more importantly) engage in all the financial services their local CrossPay ecosystems can offer them.

At the same time, the B2B Sentinel Chain marketplace platform will allow the global financial service providers and individuals to interact with the public token called SENC — the Sentinel Chain Token.

The win-win situation

So, the need for Sentinel Chain’s infrastructure is abundantly clear, but what’s in it for you? In other words, besides the moral reasons — what calculated reasons are there for you to invest in this ICO?

As with many projects, the determining factor for investing in a project besides the quality of the concept itself is usually the excellence of the managerial team and the quality and amount of relevant partners.

Sentinel Chain’s InfoCorp has partnered with 3 key strategic partners:

• VeChain
• MediShares
• Maybank

The 3 crucial strategic partners of Sentinel Chain — VeChain, MediShares, and Maybank

VeChain will provide their platform for provenance, while Maybank (Malaysia’s largest bank) will provide debt settlements and foreign exchange services. MediShares’ mutual aid platform will be utilized to provide mutual insurance. So not only do these partnerships indicate the stature Sentinel Chain already has, they also introduce key strategic partnerships and knowledge for the introduction of the platform.

Key team members of the project team are founder Roy Lai (responsible for the creation and implementation of the FAST payment network in 14 Singaporean banks), and Chia Hock Lai (founding president of the Singapore FinTech Association).

Their list of advisors includes Bo Shen (founder of Fenbushi Capital who are invested in Sentinel Chain, and previously invested in SiaCoin, Factom, and Zcash) and Roland Schwinn (executive director at Eurex).

Token metrics

In total 500 million SENC tokens will be minted. The pre-sale already sold 100 million tokens at $0.064 per token, while the public sale will release another 100 million SENC tokens, for a total hardcap of $14.4 million.

Starting at such a meager marketcap leaves plenty of upside to this investment.

Concluding

The need for the Sentinel Chain initiative is abundantly clear — more important is that this project has the necessary expertise and partnerships to execute on their ambitious goals. For the morally compelled investor, this project is certainly one to look out for!

Website: https://sentinel-chain.org

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