CBN Foundation

CloudEO Blockchain Network Foundation (CBN Foundation) has been established to build an ecosystem of geodata providers offering affordable geoservices to individuals, businesses, industry, and the public sector.

Rationale

We have launched this blockchain venture to be on the forefront of data collection and the provision of location services critical to expanding the Internet of Things (IoT) and development of Artificial Intelligence (AI).

As the number of machines and services that demand connectivity and geographic monitoring increases, the geoservices sector is estimated to generate $150–$270 billion of revenue globally and is projected to expand incrementally.

Democratization of Geodata

The CloudEO Blockchain Network (CBN) enables crowdsourcing, machine-to-machine communication, and the exchange of geospatial information through automated transactions, which include geodata, software and IT infrastructures. The use of existing geodata and platform services, contribution of new data, development of new applications, and seamless interaction is provided on the CBN through ‘smart contracts’.

Using the technical capacity of smart contracts (tokens) to run an integrated, immediate exchange of content and funds through one automated transaction is needed in order to make the smallest transactions (‘micro-geoservices’) and crowdsourcing feasible. Synchronizing the collected data is then critical to providing data for the Internet of Things (IoT), which otherwise may not be successfully driven by disperse and limited geocontext.

Token Generating Event

The CBN Foundation will generate 1.1259*109 tokens (“CloudEO”, cryptoexchange symbol: CLT) in October 2017. Of these 1.1259*109 tokens, the Foundation will reserve 28.5% for distribution to stakeholders of the existing ecosystem – individuals and entities, who have contributed to the ecosystem either as geodata or software providers, geoanalytics developers, distribution partners, service providers, or those in other professional capacities. At the same time, in exchange for digital currency, the Foundation will distribute to early supporters up to 5% of all CloudEO tokens allocated for a token generating event (TGE).

Through the end of 2017, the Foundation will distribute 40% through a general TGE for the international blockchain community, satellite and geo-enthusiasts, and individuals and enterprises willing to participate in building and developing the CBN, with the goal of enabling and promoting the use of geodata and geoservices on a decentralized blockchain network.

The CBN will operate on the secure Ethereum blockchain. Tokens will be pre-mined and will be generated on Ether. The technical work to develop and operate the blockchain will be done by CloudEO AG, Datarella, and a third-party technical service provider who will be retained to run due diligence and manage the private keys to contribution wallets.

The CBN Foundation itself is a Liechtenstein-based foundation established for guiding the efforts of participants of the CBN. It was initiated by CloudEO AG (Munich) and Datarella (Munich) providing a strong team of business, legal, satellite, geoservice, and blockchain professionals.

Whitepaper

The complete CBN Foundation Whitepaper describing full details of the CBN is available on the event site. We have made it available for an open discussion and are currently collecting and processing feedback. The final version will be released by the CBN Foundation shortly before the anticipated Token Generating Event (TGE). You are welcome to provide your feedback and inquiries to us at cbn.foundation

If you wish further information about the planned blockchain or the token generating event please contact us at token@cbn.foundation.

A CLOUDEOTOKEN does not represent ownership or a security interest in the Foundation or any other entity. Nor is a CloudEOtoken related to any other assets or properties. The token does not represent a debt owed by the Foundation or any other entity and shall not be considered a debenture. To acquire CloudEOtokens, you need to be genuinely interested in contributing geodata, skills, time, energy and expertise to the CBN by becoming a member of the CBN community of volunteers. If you determine that CloudEO token may constitute a security subject to regulations in any country, we strongly advise you not to acquire them and suggest you immediately notify us of any possible risks.

Development Milestones

STAGE 1

Developing the Foundation, building the CBN, introducing the tokens as the marketplace internal currency. Developing a smart contract concept and defining the development plan for transitioning the existing order orchestration into the decentralized network.

Estimated duration: 12 months


STAGE 2

Development and launch of the smart contract structure and protocols for interfacing the order orchestration to the decentralized partner modules (data archives, analytic modules, Cloud resources, Service modules, etc.).

Estimated duration: 12 months


STAGE 3

Development and launch of smart contract end-to-end system, which will eventually replace to a large extend the centralized order orchestration system.

Estimated duration: 24 months

Team

Dr. Manfred Krischke, CEO and Co-Founder CloudEO AG #space #satellite #geoservices
Sasha Borovik, CFO CloudEO AG #fintech #law #compliance

 

 

 

 

 

 

Joerg Blumtritt, CEO and Co-Founder Datarella GmbH #blockchain #strategy #crypto
Joram Voelklein, Strategic Advisor #fintech #strategy #disruptSpace

                

 

 

 

 

 

Michael Reuter, CCO and Co-Founder Datarella GmbH #blockchain #strategy #marketing
Ivo Banovsky, CEO Erteco Technologies GmbH #technology

 

 

 

 

 

 

Dimitris Bellos, Geosystems Engineer CloudEO AG #geoservices
Thomas Benz, Technical Director and Head of Operations CloudEO AG #technology

 

 

 

 

 

 

Yukitaka Nezu, CFO and Co-Founder Datarella GmbH #coordination #strategy #finance
Kira Nezu, CDO and Co-Founder Datarella GmbH #blockchain #ux/ui #development

 

 

 

 

 

 

 

Jonatan Bergquist, Consultant Datarella GmbH #blockchain #smartcontracts
Michał Lukasiewicz, CEO Baltic Data Science Sp.zo.o. #development #blockchain

 

 

 

 

 

 

Daniel Makurat, CTO Baltic Data Science Sp.zo.o. #blockchain #backend #cloud

Registration

Fill in the form below to receive updates and notifications about the CloudEO Token Generating Event.  Let us know how you would like to participate in the CBN!
Join the conversation about our TGE, geoservices, and earth observation on our CloudEOToken Slack!

 

SIGN UP

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