As I said in the first paragraph, things are moving slowly. I understand the reasons why so. One factor is that many ICO’s raise tens of millions, from such sums you can just throw away a lot more to marketing (shilling) than an ICO that raises less than 3m$. I think it’s a very solid use-case for an ERC20 token and the BCD team is working in the shadows. They are recruiting a couple new members at the moment and starting the development of the platform in Q1.

The BCDT token is used in the ecosystem to pay for the issuance of certified data via smart contracts. The smart contract will burn a percentage of BCDT tokens automatically. Anyone can get its entity certified and use the service with the token.

I find it fascinating that some partnerships have been made and the goals the team has set for the project seem realistic and reachable. They weren’t greedy to when they raised ~2m$ in the ICO saying “that’s all they need”. In my opinion it’s this type of business and implementations what brings more people aware of blockchain and what it can be used for. I think it’s easy for most people to understand that they can now put their diplomas or other documents into a blockchain, which then can be accessed with internet connection but can’t be altered. It gives blockchain technology and the crypto tokens scene a better name, if stuff like issuing a diploma into a BCD chain or whatever chain spreads. This usecase for blockchain is a nobrainer.

What do you think about BCD, do they have a good chance to grow as a business when similar things can be done by many other blockchain startups on Ethereum or other platforms?