In a rush? Check out the numbers and quick facts for 30 seconds.
Pre-ICO: Completed in July 2017. Raised USD 22.14 Million from a 25.5 Million hard cap.
ICO status: Planned for November 29th, 2017. (Updated on Nov 29th: the USD 25.5 Million hard cap met within seconds of token sale).
Token type: ERC 20 “CAT” token for an initial unit price of USD 0.1 with a USD 30 minimum contribution.
In a nutshell: BitClave is a decentralized research engine protecting users privacy and personal data.
Editor’s Notes and Disclosure: The author holds no business stakes or dividends at the startup. This article is an informative one. Both the author and Decentral Magazine encourage our readers to seek advice from a financial advisor and do their due diligence before considering any investment.
BitClave is the up and coming search engine bringing the promise of protecting user’s privacy, a relatable promise by all means.
Managed by the blockchain technology, this decentralized alternative to “Google” offers customer assistance and ultimate privacy protection. Put that way, this would degrade to obsolete all third-party ad networks.
Say, for example, you decided to purchase your new car over BitClave. You’ll be able to adjust your preferences and share them with a car dealership in your area. In return, you’ll receive optimized offers and, even in the event of not purchasing, you’ll be rewarded CAT tokens from every car dealership involved in the action. This is the counterpart to ads implied within your research quest, with no third party whatsoever.
Decentral magazine met with the founder and CEO of BitClave, Alex Bessonov, during the “Blockchain Solutions 2017” forum in Barcelona, and gathered the following.
BitClave at a glance
BitClave is a Blockchain startup based in Silicon Valley, with the mission to offer decentralized research services. It enhanced digital ads by offering a platform capable of directly connecting users and companies while bypassing the need to involve third-party services like Google and Facebook. Its core promise is to secure privacy and personal information, harnessing the legitimacy of personal data protection.
BitClave opted for a crowdfunding scheme using an ICO. Pre-sales fundraising achieved a total of USD 22.14 Million. The pre-ICO was initiated in July 2017, while a crowdfunding event has already been planned to start on November 30th, 2017. It’s targeting a total cap of USD 25.547 Million (Total token supply: 2,000,000,000 with 1,000,000,000 available for sale through BTC, ETH, LTC, and QTUM).
It’s actively collaborating through a platform connecting research universities like Carnegie Mellon University to elaborate a new cryptosystem engineered around the traceability and monetization of user data while championing anonymity.
Fundamentally, Blockchain is the way to go when aiming for decentralization. It’s, by all means, revolutionary when it comes to allowing startups like BitClave to compete against industry giants like Google or Facebook. This would have been virtually impossible using a centralized infrastructure unless being able to match Google and Facebook’s size and colossal funds. Furthermore, creating a centralized structure bubbles down to conceiving intermediaries to own and control personal data and private information, which goes fundamentally against BitClave’s core values and promise. Hence, the Blockchain, more precisely its decentralization capabilities made such a project possible. We are currently witnessing a new paradigm of digital ads that are decentralized, and owned by users, not third parties.
The BitClave Team
The team is centered around expertise, diversity and complementary profiles. The CEO, Mr. Alex Bessonov is a former CSO of LGE, coming from a security, privacy and blockchain background.
Another founder, and current CTO Mr. Patrick Tague is an associate research professor in CMU with a proven expertise in mobile, embedded and wireless security.
The chief architect Ph.D. Emmanuel Owusu is an IoT, Public Policy and Blockchain expert. Other team members range in expertise and seniority from graduate researchers to senior experts (total of 12 team members are advertised on the BitClave website). They all share a common interest and passion for Blockchain and data handling.