Outofthecloud: How to Safely Store and Transfer Your Financial Files in an innovative way

Overview:

It is a decentralized blockchain based platform aiming to provide secure and safe way to store and transfer the sensitive financial information and provides innovative way of presenting your data, works with tokenization model. Backed by well experienced members and advisors

Problem:

Due to centralized systems used for storing the financial data, it may cause risk to user data, whenever user wants allows his specified financial data, he need to give access to his desktop, ultimately user is compromising on security, lack of creativity in presenting the files, companies are always look for creativity while presenting its data, there is need of large storage space in the file sharing services. If somebody shares wrong link to the other person, it may cause costly damage to the sensitive information.

Solution:

To solve the issues in the storage of financial files and other challenges, it has come up with safe and secure blockchain platform in this your files are encrypted, and it will be safely stored in decentralized storage which is immutable. Users can have full control over their files where they want to save. It allows users to design and build customized web page presentation which looks innovative, companies can add their logo as watermark. If offers various designs for the various presentations with impressive formats.

It uses blockchain technology which enables peer to peer transfer of files without need of downloading the entire file system before sending

They have launched their mobile applications on May 2017, they are going to launch their main ICO sale on August 2018.

Token economy:

Outofthecloud issues Ethereum based utility tokens called “OUT” which can be used in the internal ecosystem of the platform for services availed.

Token details:

Token symbol : OUT

Total coin supply : 1,200,000,000

Token type : ERC20

Softcap : $10,000,000

Hardcap : $100,000,000

Pre-ICO – 1st to 31st August 2018

ICO – 1st to 30th September 2018

Team:

Matt D. Ballard - Chief Executive Officer / Chairman / Founding Member

He began his career in Law Enforcement in 1995 and he developed www.800USASearch.com now called www.CheckRecords.com as a way of providing pre-employment screenings and background check services to businesses as well as private parties Nationwide.

Robert W. Keddie - Chief Technical/Information Officer/President/Founding Member

Robert Keddie is a creative, technical, professional backed by a solid, verifiable career track producing G2B/C, B2B and B2C solutions in website and web development, e-commerce and internet marketing. A great communicator with strong problem resolution and client needs assessment.

Gidhun MP - Director of Marketing

Gidhun began his career as a Freelance Marketing Consultant specializing in internet marketing solutions with a track record of proven results that has left a footprint across the entire web. His skills in crypto research and ICO development has contributed greatly to our current project at OutCloud Systems, Inc.

Verdict:

Pros:

• It has mobile application available with them, it is available in Play store and App Store

• Website and whitepaper are drafted well, it contains detailed explanation of the project

• Team members are experienced in law enforcement, web development, e-commerce, marketing, blockchain, ICO, software engineering, finance etc.

• Roadmap drafting is impressive, it is very clear about their future goals to be achieved till January 2025

• Advisory team members are well experienced in different fields like software development, web development, finance etc.

• Partnered with CISCO, Cogent communications, Amazon web services etc.

Cons:

• Social media hype is average, its telegram community has 6k+ members

• Its mobile application is very less downloads in google play store

• Advisors are beginners in the blockchain technology