Open Platform Business Analysis

SWOT ANALYSIS

In this part of the series I will be performing a SWOT analysis of Open platform in order to view with perspective the chances for success of this platform by analyzing its Strengths and Weaknesses then the Opportunities it provides and the threats it faces.

Strengths

The strengths of Open platform lies in the project's technology and the team.
The Technology: Open is designed in a way that it serves as a layer connecting the blockchain to the centralized application, by providing the missing components that applications need to accept cryptocurrency payments and its associated data while accepting this payments from multiple blockchains for multiple platforms.
This makes Open standout and makes it available for a broader market, since no blockchain or cryptocurrency experience is needed for application developers to use the platform.
The Team: Sometimes a project is only as good as the team working on it and with this really experienced team of tech, business, management and cryptocurrency experts, I believe Open has a team with the drive and determination to deliver and excel.

Weakness

The main weakness of this project in my opinion is the transaction fees. Why? Because I believe a lot of cryptocurrency payments have very low transaction fee without compromising the speed so it may only be a matter of time before a similar project is developed but with low or no transaction fees at all.

Opportunities

The opportunities for Open are very much considering the volume of the crypto market and that of every aspect Open can be implemented for.
For Example: if Open gets adopted by a huge online shopping company like eBay, then Open will be integrating cryptocurrency payments into an e-commerce industry that accrues billions of dollars yearly. The same can be applied to different niche like premium dating websites, music streaming services and many more. The opportunities are without boundaries.
Priced at just 8 cents, the tokens are quite cheap at the moment and the hard cap $ 30 million means there is a very big room for growth in the value of the tokens and increase in total marketcap.
Ripple for example is poised to be the crypto for banks, but which is partially centralized and still has made $24 billion+ market volume.This gives an idea of the heights Open can inspire to attain and to consider that it already has a truly decentralized and working platform, this will only mean an added edge in the market.

Threats

Open platform faces two forms of threats; the first is the same with that of the whole blockchain universe and the second are those that threatens Open itself.
The first threat is that of regulations and those of lawmakers around the world concerning cryptocurrencies. Cryptocurrencies are a new technology and  still needs a level of regulation to make it a friendly atmosphere for everyone involved. However right now there is still a 50/50 chance cryptos will get more adopted worldwide or will receive an all out ban.
The second threat is that posed by potential competitors and the already existing centralized bodies. Blockchain is open source and offers unlimited opportunities for all, meaning there is room for imitators and copycats, and with copycats you can never really tell the kind of competition they will pose.
Recently Telegram did a private token sale for its crypto project which is a classic example of a centralized company expanding into the blockchain and there's no assurance a payment com pan like Stripe wouldn't do the same in the future, if they do it will pose a really big competition as people also warm up to the assurance well known reputable companies provides.

CONCLUSION

This are my views after accessing the Open platform project, and based on the outlined facts I conclude that the Strengths and Opportunities outweighs the weaknesses and threats by some mile. Meaning Open still represents a good opportunity for the early adopters.
This is by no means an investment advice so I recommend that you do due diligence by carrying out your own research. Join the community on telegram here http://go.openmoney.digital/agmv   and for more information visit the website http://go.openmoney.digital/9it9 and consult their whitepaper http://go.openmoney.digital/fxbw  
Connect with me on Bitcointalk here https://bitcointalk.org/index.php?action=profile;u=1556229  

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