Introduction to the coin:
Atonomi is a security protocol for the revolutionary technology known as the Internet of Things(IoT). It intends to carry out this task through something known as the root of trust by leveraging either hardware or crypto-certificates. Once the device identity is established it can be transmitted to the blockchain as a permanent record.
The reputation of the devices involved in a particular network would evolve over their lifetime. This identity valuation and reputation management is what enables Atonomi to be able to secure the IoT devices on its network.
Furthermore, to supervise foul play and keep things fair on the platform, a group of auditors will be employed to verify that all devices within the network are functioning within their respected predefined parameters. Otherwise, their rep. score along with user interaction will be reduced as a punishment for committing foul play within the community.
Project Overview
As per the official whitepaper, Atonomi offers a security protocol and infrastructure to enable billions of IoT devices to have trusted interoperability for both data and e-commerce.
A project that utilizes the established technology of its parent company CENTRI ( a company that has managed to amass $22 million through venture capital, including partnerships with other well-reputed companies Flex, Arm, Intel, etc) it’s most vital aspect is its low-level security protocol that is capable of rooting the identity and reputation of devices within a blockchain.
It’s a combination of both on-chain and off-chain resources, Atonomi has been built leveraging the power of Ethereums technology. It intends to secure a host of IoT based devices ranging from healthcare and home automation systems to smart-city infrastructure, etc.
Through its low-level security protocol, it offers these basic contributions (listed below) to enable trusted interoperability for both data and e-commerce in a scalable manner.
A couple of features of Atonomi are as follows:
- It offers trusted immutable identity of devices via its device identity registration service.
- It possessess a reputation protocol to incentivize and enable Atonomi and other third-party auditors to be able to develop mechanisms that can detect and elimimate bad device actors from its platform.
- It is a tokenized economy consisting of registration and activation of devices, facilitation of a reputation based scoring ecosystem amid third-party auditors along with transaction validation services.
- It also consists of a fully extensible architecture made to function as the foundation for vertical IoT security applications.
It has a demo presentation taking place at Consensus starting from today i.e. the 14th of May till the 16th of May,2018.
No roadmap within the whitepaper. Makes me feel skeptical of the project in the first place. However, an updated and more specific roadmap will be released this week as the token sale is scheduled at the end of this month.
Token usage and value appreciation:
The Atonomi Token (ATMI) is central to the Atonomi network and is primarily used to secure IoT devices on its platform.
Following are a couple more features regarding token usage:
- Used for registering and activating new devices on the Atonomi Network.
- Utilized for paying the fees for creating digital identities of new devices on the platform through smart-contracts.
- They aid devices in the process of validating other devices that are stored on its blockchain.
- ATMI tokens serve as digital tokens for the facilitation of commercial transactions between devices.
- These tokens may be used for attracting new-chip/device manufacturers and end-users to Atonomi through its customer acquisition programs.
So that’s it concerning token info.
Now let’s talk about the other aspect i.e. value appreciation of this token.
There are a lot of factors that could affect the demand for this token like competition offering better services, lack of funding for certain reasons, lack of adoption by the masses, etc.
However, the most prominent reason that could affect the demand for ATMI tokens is this:
“If IoT technology skyrockets i.e. obtains worldwide adoption then the demand for Atonomi could peak as well.”
The reason for this is that if Atonomi manages to address the security issues within the IoT devices during this speculated peak in the near future then its demand could go up as well and vice-versa.
Team
Software leader and entrepreneur in cybersecurity market for over 20 years; founder and CEO of CENTRI Technology.
Oversees Product. Former Blockchain and cryptocurrencies lead expert at PwC and fellow and researcher at MIT.
Builds market-leading security platforms and leads 15-person engineering team at CENTRI.
Summary
Project Name: Atonomi
Token Symbol: ATMI
Token Type: ERC20.
Website: https://atonomi.io/
White Paper: Atonomi White Paper
Crowdsale Hard Cap: $25 million
ICO Token Price: 1 ATMI = 0.0500 USD.
Total Tokens: 1,000,000,000
Token Distribution: 50% to crowdsale
Price per Token: 1ATMI=0.05$.
Maximum Market Cap (at crowdsale price): Depends on the number of whitelist invites on the day of the public sale.
Bonus Structure: (TBA)
Presale Terms: (TBA)
Whitelist: Newsletter registration- https://atonomi.io/sign-up/
Important Dates: (TBA)
Expected Token Release: (TBA)
Analysis:
Strengths/Opportunities:
Team: The Atonomi team consists of Vaughan Emery and David Fragile along with a bunch of other competent people possessing vast experience within the IoT sector. This positions this cryptocurrency to be able to dominate the IoT market upon its release by the end of this month.
Competitors: Having only Xage as a competitor to its service, for now, the future for Atonomi seems bright because of its vision and lack of competition it faces in the IoT sector.
IoT: Given that IoT has experienced massive rates of adoption over the past few years, Atonomi could capitalize on a big market opportunity if it manages to solve the problem of security in the IoT industry. Another win for Team Atonomi.
Centri: It has 8 US patents in the IoT sector and working relations with Multi-billion dollar companies like Arm, Flex, and STMicro. This can help Atonomi in its initial launch as these companies could possibly be the first to adopt the technology of Atonomi. As a result, this project could gain huge traction during its start-up phase.
Weaknesses/Risks:
According to their official website, a lot of team members of Atonomi have other commitments as well. Therefore, their commitment towards this project may be dicey in terms of the hours they have at their disposal towards making the project a success.
A detailed roadmap for the project is still to be published on their official site. For those wondering why this a problem: No roadmap means difficulty in planning/making your investment-related decisions for this project.
Given that the IoT technology is still to experience its big boom the success of Atonomi depends on the success of the IoT technology. Therefore, if IoT drowns then Atonomi goes along with it.
Conclusions
Our overall opinion concerning both Short-term and Long-term investments is as follows:
Atonomis vision, expertise and experience of its team members in IoT, support from Centri and a decent level of market awareness makes Atonomi a worthy short and long-term investment.
Official Sources
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