[ICO Watch] Dispatch Labs – A revolutionary business-ready Blockchain protocol
Dispatch Labs is a blockchain protocol targeting businesses for which it leverages on-chain smart contracts to manage distributed storage of application data off-chain. Programmable artefacts of any kind (files, Merkle trees etc.) are stored off-chain but managed within the chain. Dispatch wants to enable a huge range of new dApps focussed on real-world usage on its platform.
Current blockchains like Bitcoin and Ethereum suffer immensely from scalability issues. There are several solutions being proposed to solve this which includes sharding. Unfortunately, though, the current solutions to fixing the scalability problems do not allow for the extended functionality of large data storage which is especially important for a lot of businesses.
Dispatch Labs’s solution
Dispatch is building a blockchain protocol which solves this problem by integrating the management and distribution of off-chain artefacts or programmable data on the private Dispatch Artifact Network (DAN) thereby extending the functionality of the blockchain. The blockchain itself is a shared ledger which grows linearly while the data managed by the chain can continue to grow exponentially. Dispatch enables the decentralized management of data storage as well allowing for dApps that build and run operations on the access, manipulation and distribution of that data.
The Dispatch protocol is a new chain built with 3 core principles in mind:
– Dispatch is scalable and uses its own DAPoS (Delegated Asynchronous Proof of Stake) consensus with which it can achieve high transaction throughput with no transaction fees.
– Dispatch is backwards-compatible with Ethereum smart-contracts and the EVM.
By using a modified version of the EVM, the Dispatch protocol is compatible with most dApps currently under development
– Dispatch handles lots of data. Most business logic involves data too big to fit in a shared ledger. It extends the functionality of Ethereum smart-contracts to support accessing big off-chain data called artefacts.
Some of the applications being built on Dispatch include Utopi, Tok.tv and Nanovision. The testnet of Dispatch is already up and running:
Team & Advisors
Dispatch Labs is based in San Francisco, California and has a balanced team of entrepreneurs, academics and industry veterans. They have 11 core team members with extensive experience in business development, blockchain and distributed systems, marketing and project management.
Matt McGraw, CEO – An entrepreneur and CEO with expertise in quickly scaling successful businesses, Matt has already led a versatile range of tech companies. He has taken multiple companies from zero to 10MM+ with no outside funding and has led mergers in the 100MM range, advised startups to successful exits and grew teams in the hundreds.
Zane Witherspoon, CTO – An experienced blockchain architect and distributed systems specialist, Zane has firmly established himself as an expert in the blockchain world, sitting on the board of advisers for four California-based blockchain companies and an author in the space.
Dispatch Labs’ advisors include high profile names such as Jake Vartanian (Founder Cryptodex), Simone Giacomelli (Cybersecurity expert), Andrew Segal (Professor of Computer Science at University of San Francisco) among others.
Dispatch has already attracted startups as well as established companies that are leveraging Dispatch to transform their business. This will help in the adoption of Dispatch as the first truly scalable business-ready blockchain. Considering their very experienced team as well as great test net results, we believe Dispatch Labs to be one of the most exciting projects to watch out for this year.
Visit Dispatch Labs
Hitesh Malviya is the Founder of ItsBlockchain. He is one of the most early adopters of blockchain & cryptocurrency enthusiast in India. After being into space for a few years, he started IBC in 2016 to help other early adopters learn about the technology.
Before IBC, Hitesh has founded 4 companies in the cyber security & IT space.