We can see that there is an App for anything. Most of the existing apps are standalone and don’t communicate with each other and require users to choose between multiple overlapping features to form their workflows.
As most of the software moves to cloud-based technology, users need to maintain multiple subscriptions to cloud-based software products.
Most of the blockchain based apps are stood along. Users are required to move among different apps for their different requirements. Because of that, they might have to use a different kind of Cryptocurrencies.
Because of the above three problems, it has not been able to develop an economically sustainable software platform. Cardstack has come up with a comprehensive solution for those issues.
Cardstack is an open source framework and consensus protocol that makes blockchains usable and scalable for the mass market, creating a decentralized software ecosystem that can challenge today’s digital superpowers.
In existing technology above mentioned three layers (Software apps, Cloud apps, Blockchain apps) works as horizontal and independent layers. Cardstack is establishing a new layer which helps the users to interact across different apps laying in different layers. This new approach put the users at the center and allows them to act as their own hub. Then the user can control the applications and services as per the requirements. Each state of an app has been broken into a “Card”, which has been embedded key information. These card acts as the primary unit of interaction between the users and any services run locally, in the cloud or on a blockchain and fulfill different user needs.
This ecosystem is controlled by smart contracts which are powered by Cardstack tokens. Using this single token user can pay for the entire mix of software usage. Token will act as a utility token for end users, a work token for software developers and service providers as well as a reward token for miners.
Cardstake expects to issue Six billion CARD tokens as follows.
- 40% will be available for private sale and crowd sale
- 20% will be reserved in company reserve
- 15% allocated to the team
- 10% will be allocated to Ecosystem initiatives
- 7% of advisors and agencies
- Remaining 8% will be distributed to potential, interested and active participants of ecosystem
Cardstack is a Switzerland based foundation which is backed by a talented team. This management team is comprised of highly qualified and experienced professionals in IT, legal, financial, technology, online communication, and marketing. Following is a small explanation of few of the team members. Please visit their website or see the white paper for more details.
Chris Tse – Founding Director
Chric was working as head of R & D for McGraw-Hill E Labs and as the director of innovation for Businessweek. He is a B.Sc graduate in Computer Science from Columbia University.
Ed possesses a Masters degree in Computer Science and he worked for MIT media labs before joining with Cardstack
In 2015 Team announced its public mission to build an open ecosystem. Now they have gone through Two years of their journey. In 2018 their main target is to release the platform as an open source platform.
For More Information About Cardstack Sale: CardstackOfficial Website
Read Cardstack Whitepaper: Click Here
Post by Anton De Mel ( BitcoinTalk Profile )