Golem

Golem(GNT)

Airbnb of computers. You can rent your idle computational power. As an alternative to mining, this creates decentralized sharing economy of the computing power and supplies software developers with an alternative to existing cloud computation systems.
  • Market Cap
    $395.770.505
  • Price
    $0.474055
  • Category
    Artificial Intelligence
  • Origin
    Poland
  • Team Size
    25-50
  • Initial Release
    13/11/2016
  • 10-8 High Potential
  • 8-7 Potential
  • 7-6 Considerable
  • 6-5 Risky
  • 5-0 Scam
Satoshi Rating
  • Product Ratings
    7.4
  • Team Ratings
    7.3
  • Execution Ratings
    6.3
Product
  • The need for the product ⓘ

    8
  • Total addressable market size ⓘ

    9
  • Product/market fit ⓘ

    7
  • How is the product compared to existing solutions? ⓘ

    8
  • How difficult is to make the product? ⓘ

    8
  • Could this product scale? ⓘ

    7
About Product
Golem is capable of computing a wide variety of tasks, from CGI rendering, through machine learning to scientific computing. There are many challenges in building the product. Unlike cloud systems, Golem doesn't own hardware and don't have homogeneous, predefined resources at its disposal. Therefore trust, task division, job validation, scalability and variety in providers all brings challenges. There is no doubt that we don't use the computational systems we own to its full potential. If done right, projects like these could lower the price of products which would benefit us as a whole.
Team
  • Team's previous experience ⓘ

    8
  • Does the team have a clear vision? ⓘ

    8
  • Is technical team sufficient for building the product? ⓘ

    8
  • Is the team active? ⓘ

    8
  • Is the team size big enough? ⓘ

    7
  • How is the team growth? ⓘ

    7
About Team
For a startup company team is strong. The project is updated fairly often and they are keeping many things transparent.
Execution
  • Could this team get the product into a market? ⓘ

    8
  • Could they do it in time? ⓘ

    7
  • Did they meet previous deadlines? ⓘ

    7
  • Is the marketing strategy sufficient? ⓘ

    6
  • Team’s previous achievements ⓘ

    7
  • Strategic partnerships ⓘ

    6
  • Current market size ⓘ

    7
About Execution
Golem is on a marathon. It has one of the longest vision among other cryptocurrencies. What they are doing is actually something new, not the distributed computing but the economy behind it. If they could succeed this will be a well-established company. However, it is too early to tell.
Editor's note

There will always be a need for intensive computing. Before it is mostly used for scientific computing and rendering, now with the advent of machine learning and business analytics, quite a large part of developers look for computational power. If golem becomes a stable competitor to cloud services or partners with industry giants adoption would increase.

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Initial Rating: April 24, 2018

Last modified: June 8, 2018