Read more about ICO IRIS Network: review, rating, road map, overview
About IRIS Network
Returns since ICO
The IRIS network is named after the Greek goddess Iris, said to be the personification of the rainbow and the faithful messenger between heaven and humanity. Contractual relationships are a fundamental building block of human society and the importance of blockchain technology lies in providing a very efficient and cost effective way of realizing reliable contractual relationships: for the first time, trust (which is also very costly to establish) is not needed when multiple parties participate in sophisticated business interactions. It has been said that blockchain technology provides the most important elements for distributed business to take place: lifting network effect and very low transaction cost. More and more people see the potential of blockchains as the new internet of value and will gradually transform the current business models into more efficient distributed ones. However, blockchain technology is still in its early stages. As with any new technology, there are drawbacks. These include limited performance and undeveloped governance mechanisms. Presently, these drawbacks make it difficult for blockchains to support real-world distributed business collaboration. Consortium chains, such as Hyperledger Fabric and R3 Corda, and organisations such as the Ethereum Enterprise Alliance, have tried to address those performance and governance issues to make blockchain technology more suitable for enterprises. However, today consortium chains are dominated by huge enterprise companies. Furthermore their close-form off on-chain governance model is very inefficient. Without a token economics model and the openness and the excitement in public chains, consortium chains may be viewed as lacking vitality.
IRIS Network Roadmap
JAN - SEP |
The first stage of the IRIS project will focus on having the IRIS Hub up and running and connected to the Cosmos Hub. We also intend to release an initial version of the mobile client for the IRIS network.
OCT - DEC |
The second stage will focus on building the fundamental IRIS Service Layer. This will involve enabling service definition, binding, invocation and query. In this stage we are also aiming to have a beta version of the IRIS SDK ready for developers.
JAN - JUN |
The third stage will focus on incremental upgrades to the IRIS network in order to support our planned advanced IRIS Service governance features.
BEYOND JUL |
The fourth stage will focus on further technology innovations to the IRIS network, IRIS SDK and mobile client, as well as developer engagement.