- "Network effect" entry barrier
- The new OS may add more complexity to the blockchain infrastructure
- Uncertain need globally in the solution
- Uncertain activity of users in vouching
- No financial information available
- Lack of experienced staff from well-known companies
Zeppelin's product appears to be something new on the blockchain market, at least, not following the stale ideas. The blockchain market suffers from many issues - lack of standardization and security are definitely among of them. A unified ecosystem, where lots of blockchains are available to a user and constant upgrades are maintained may be a good infrastructural solution with the tangible value. But found some concerns regarding the idea. The blockchain technology is hardly adopted by new users due to the unusual infrastructure around it. It requires setting new application and services and understanding the tech mechanisms behind - that may be considered as an obstacle. Here Zepellin OS appears as "one-more-soft-to-install". Thinking like that, Zeppelin may make the blockchain infrastructure more secure but more complex. Moreover, the project needs high adaptability to overcome the network effect appearing to be significant here.
Zeppelin OS allows both using smart-contracts from the wide standard libraries and creating own smart-contracts and apps thanks to the user-friendly SDK. These smart-contracts are updated in a decentralized way powered by the vouching mechanism governed by ZEP token holders. These continuous upgrades are free, and an active vouching is rewarded. Creating this new version proposal has a cost for developers in ZEP tokens as a way to prevent denial-of-service attacks related to proposal submissions. The consistency among blockchains will be achieved thanks to the designed infrastructure allowing, for example, storing data in several protocols at the same time applying only ZEP tokens without the need of other native tokens. The development has started a year ago with the presented roadmap. For now, the team could deliver all the milestones and currently is moving forward. The mainnet is launched, but the ecosystem with tokens involved contributing to constant updating is to be developed still. The product is particularly ready and available for instalment. In addition, the team has developed 2 dApps to test Zeppelin OS. Github development is also active. Being for a long time on the market, Zeppelin has a few projects already working on Zeppelin OS: Sttorj, district0x, Props, Decentraland, RCN, Winding Tree.
Network participants are locking ZEP tokens to vouch for a new version. The participation in vouching is free and may be rewarded by the system with staking. That helps to reach decentralization in vouching for upgrades. The result is possible when an upgrade is not accepted by the majority and users reject the update. So a centralization is avoided. Users lock a part of their tokens indicating the version they vouch for. Users cannot transfer or vouch other versions with the same tokens. The ecosystem around the idea seems to work good, and token has a value in such an ecosystem.
Financial information is not announced yet.
The OS is built by Zeppelin, well-known team, operating since the mid of 2016. The team is doing the security audit for decentralized applications and is building the infrastructure for developing and operating of smart contracts. Their clients are: Golem, Dfinity, Brave, Kik, ShapeShift, Status, Storj, Omise, BitGo, Augur. The team definitely understands the industry, and their activity for these two years indicate strong relations with influential people in the blockchain industry. Also, they sometimes appear as judges on blockchain hackathons. The team members majorly are from Argentina.
CEO is Demian Brener - graduated from ITBA, has been an analyst and manager for 3 years before establishing Zeppelin.
Developer Leo Arias - has 10 years of experience in Quantitative Analytics (Canonical, OpenBravo)
Developer Santiago Palladino - 3 years as a developer at not widely known companies, 9 years as a lead developer in a software company in Argentina with the simultaneous 6 years of studying in the University of Buenos Aires.
Other team members have in average 2-4 years in software development at not well-known companies. Another activity of the team (Zeppelin and Open Zeppelin) aligns well with the development of the OS. Moreover, the team has already proven it with completing milestones for one year in the roadmap.