1 Business opportunity: 4.5/5

Description: Bluzelle presents itself as the “Oracle” of the new ecosystem that is built on the blockchain.

It provides software developers with a way to handle large amounts of data in a way that is, thanks to the blockchain:

scalable,

high performance (speed),

low-cost,

immutable

decentralized

In a nutshell, they actually use idle computer space and incentivize people (that are called farmers or producers) to share their resources (CPU and memory) by rewarding them with BLZ tokens.

Trackrecord:

They have already delivered some projects like an Ethereum-based KYC shared ledger for a consortium of banks. They have already worked for banks, insurers and have also approached Microsoft, KPMG, British Telecom to make their customers use Bluzelle.

Market/competitors:

Many traditional actors in this sector already:

Companies running their own database servers (costly and not that performing)

Traditional companies like Oracle (providing servers + database management system) with issues in terms of hardware costs, risk relying mostly on one point of failure (hard disk, operating system), privacy issues etc.

Database-as-a-service (DBaaS) or Cloud Database market, growing extremely fast and in which Bluzelle is. 15Bn$ market by 2019! It is extremely useful for IoT and mobile apps (and now the Dapps on the blockchain).

Bluzelle wants to decentralize that market that is still relying on centralized network to store data.

Current players for file storage are Storj and Filecoin. These two projects have generated lot of enthusiasm from the crypto-community (Filecoin raised $200m in 1 min). And I think there will be space for many competitors. For the moment, the more competitors, the more confident we can be that there is a business opportunity.

Current competitor for database management is Oracle ($40B+ Revenue…) which a traditional player.

What is worth mentioning is that Bluzelle does not really compete with the file storage competitors (Storj, Filecoin, Sia). Indeed, file storage is about storing entire files (>10KB) without any flexibility when it comes to manipulate that file. The only thing you can do is add or delete the file. Bluzelle is competing in the data field storage. Data fields are small and organized in structure that is searchable. You have room to manipulate that data: create, read, update, and delete (CRUD).