Review on Zap by Robiul Islam
Decentralized bonding curve curation market.
It offers a various fulfillment to competitors such as Chainlink, there’s technically nothing stopping these competitors creating their own marketplaces where developers users can give data feeds for a fee. It offers a solution that fills a gap in the connection between real-world data and Oracles, but as with any niche, there will be competition in the future. Let’s hope some of the leaders in this space aren’t the ones to bring in a similar solution. It store’s data marketplace will provide insurance companies with an opportunity to provide self actuating insurance, that automatically pays customers eligible for a payout. With smart contracts, insurance payouts can be predetermined, streamlining the process for insurers and consumers alike. In this scenario, doctors in a decentralized insurance network would use their private key to sign the smart contract, releasing the funds in order to pay for their service. This is an example of humans acting as oracles.
Updated 5 years ago
Rating has not been changed
Zap is and always has been focused on developers.
With a mainnet platform on the ethereum network available, developers are more willing to spend their time and effort building in the Zap network.
Pros
- There is enormous to be excited about when you take the time to research Zap. The Team and advisory board behind Zap is very captivating. Plenty of adoption to go around. Not only is the platform progressing at a great pace, it’s a micro cap project compared to other projects in the space. From an investors point of view, the ROI is extraordinary if the market capitalization of ZAP were to reach the height of its competitors. The use cases for the solution Zap offers are endless. If you need to feed a Smart Contract Oracle with data, you’ll need to grab it from somewhere. Whether it be an integration with a courier to verify package delivery or even an integration with a weather monitoring website to verify an insurance claim on flood damage, if it’s got a human middleman and doesn’t require one, Zap can step in and take the reigns. While Zap doesn’t have absolute direct competitors now, when they do encounter direction competition, there’s literally an endless amount of applications where this technology can be utilized.
Cons
- The platform is still relatively new, the roadmap for 2019 not clear, no big partnership, Otherwise no other concerns for me, platform is fully live and ready it’s just a matter of time before see the platform spread its wings.
New products
Comments (1)
November 11, 2020
Your reveiw about ZAP is very good in my opinions. This reveiw is embrace this platform. But in my opinions this platform has more positive sides than your writed. But negatives is true about this platform.
