Blockchain technology is beginning to meet the Internet of Things head-on, with many new blockchain platforms launching recently that are specifically geared toward IoT interoperability. Hurify is a new addition to the roster of IoT-focused blockchain platforms, and is aiming to allow IoT developers to monetize both their hardware resources and software.
Built on the Ethereum blockchain, Hurify is specifically geared toward IoT developers and SME’s, and is about to launch an initial coin offering in order to generate the capital necessary to fund their project.
In this article, we’ll take a look at the Hurify platform and find out about the Hurify ICO to help you determine whether it’s worth investing in.
What Is Hurify?
Hurify is fairly straightforward for an initial coin offering, and presents a clear delineation of the concepts it is built upon. The Hurify platform is a simple Ethereum based smart contract service that aims to bridge the gap between IoT demand and supply.
The Hurify platform intends to address the skills shortage in the IoT industry. Developing solutions in the IoT ecosystem requires a complex understanding of a number of different development protocols and disciplines, including an understanding of hardware sensors, middleware, gateways, and data analytics.
Hurify wants to solve the IoT skill shortage by addressing the ground level talent problem in the industry, helping to develop the core skills of developers and connecting them directly to IoT development opportunities.
The Hurify platform works as a smart contract hub, functioning as a blockchain marketplace that connects developers directly to clients that are seeking to create IoT solutions. Developers will be able to list their services for free on the Hurify platform, which provides prospective clients with the opportunity to browse a database of highly skilled individuals.
Hurify delivers cryptocurrency payments for international partnerships, lower IoT development costs, multi-signature escrow between client and developer, immediate payment for completed projects, and the option of total anonymity.
The Hurify ICO
The Hurify token pre-sale will launch on the 15th of December 2017, with the ICO to launch on the 1st of February 2018. Both sales will offer a total of 263,750,000 HUR tokens- the native token of the Hurify platform- at a rate of 5,000 HUR to 1 ETH.
80% of the total HUR volume will be available for purchase during the crowdsale, with 10% placed in risk reserve, 5% held for developer community rewards, and 5% for marketing and promotions.
Hurify Review Summary
The Hurify platform is a highly specialized platform, but addresses a very real market gap and, given enough starting capital, could significantly disrupt the IoT development talent pool and hiring process.
The Hurify ICO itself is well-presented, demonstrates reasonable expectations and goals, and is backed up by solid market research and development. If you’re looking for an intelligently-formulated ICO, Hurify is worth consideration.