Review on BOLT by Robiul Islam
BOLT Culture Meets Content, in Your Pocket.
This is a wonderful project and one that I think has a real chance of getting into their target demographic. With over 3 million users already, it's clear that a project like this is needed and millions of people are already taking advantage of it. Incredible with a team that clearly understands their strengths and takes full advantage of emerging technologies to benefit millions of non-potential users.
ο»Ώ
They are trying something that is not particularly technologically advanced in the face of it but requires a very experienced team to guide, which they certainly have. While it is true that the team does not have a lot of experience with blockchain tech, that is not what is important here. This team has all the social media and marketing experience that users need with some effective partnerships to get BOLT in their hands to avoid it.
ο»Ώ
Overall a great project that you should keep an eye on.
ο»Ώ
Pros
- It is tackling an industry that currently works fine with established infrastructure and resourceful first world countries.
- It presents a solution built in Zilica and a proprietary technology that enables them to reduce the amount of data that comes with streaming video by fully 91% (250MB / hr .vs. 3 GB / hr) with streaming video.
- It is creating a solution that benefits both the Content Creator and the Customer first.
- It is not only ensures that micro-payments are far more feasible compared to traditional payment gateways, but also provides a solution for Service Providers that are unable to accept various currencies through traditional means.
- A great token model that not only benefits users and manufacturers on the BOLT platform, but also encourages service providers and telcos to get involved.
Cons
- The concern here is the competition that WeChat, Tencent Video and other social media platforms provide for solutions like this.
- The platform is simple in some ways that may be drawn by competitors in the future.
