By B- RATING
Overview
The Duality project is in development with the aim to be a viable replacement for existing data management practices within the healthcare sector.
The team have identified the current problems faced by healthcare providers concerning how they secure, manage and verify patient data while also protecting individuals identities. Their solution integrates the use of blockchain technology to provide these solutions.
Following our in-depth review, the Duality project receives a B- Rating.
Scoring Matrix
Duality scored 60/100 on our matrix and is rated as a B
Conclusion
The Duality project informally launched in 2014 and formally launched in 2017 and there has been significant development on the project since. Milestones are being met and the team is delivering unique and innovative solutions such as NoID VGP, pShare and pConsult.
The solutions being offered have a nice fit within the healthcare sector and there is scope for adoption for these, however, it is likely going to be a long term outlook both in terms of development and adoption. BaaS allows for other sectors and organisations outside of the healthcare industry to implement the services mentioned above allowing for alternative streams of revenue to other sectors.
The hybrid POS/POW network allows for a robust blockchain, however, there is always a risk of a 51% attack on a chain. To prevent this, the team have implemented Fluid Protocol allowing for the re-organisation of the blockchain in case of attack. The tokenomics are a little confusing as there are two blockchains, Dynamic and Sequence, however Dynamic is the main blockchain being utilised within the Duality ecosystem. There is currently no active development on the Sequence blockchain.
Duality platform allows for the storage and transfer of SEQ and DYN, with plans to add Dynode hosting and more features into the platform.
The team are transparent, skilled and organised. The Chief Development Operations Officer, Spencer Lievens has 9 years experience in the cryptocurrency sector. He has been working on various projects since 2014. Working as a consultant for The Royal Mint for 2 years has given him the experience of working on a crypto project in the corporate sector. The Chief Technology Officer, Amir Abrams has 25+ years experience in applied informatics and the management of large, complex, multidisciplinary IT projects. His education spans graduate study at Harvard, Northeastern University and an undergraduate degree at Tulane University in Molecular Biology.
There is a small core community for the Duality project of sub-1000 members, although this is not surprising for projects who did not do an ICO or a large marketing drive at launch.
The delisting from Bittrex has had a large effect on the price and liquidity of both DYN and SEQ and no reason was given for delisting. The team have worked to add more exchange listings following the delisting from Bittrex.
For a full and detailed review of the Duality project please visit here or browse our website for other project reviews
Contact Us
Sign up for our newsletter to ensure that you get all the latest reviews
If you would like your project reviewed by our team please get in touch
Comments