Taraxa’s 2020 Goals

January 31, 2020 Blog No Comments »

We are at the very beginning of our big journey into the world of enterprise operational auditing (including asset management in Japan and change order management in the US), so the stakes (and ambition!) are high.

But fear not — with yearly goals clearly defined, we’ve got this covered. With the product and community strategy aligned, we’re happy to share the overview of Taraxa’s upcoming initiatives for the year 2020.

Product

Taraxa has always focused on building technology to enable concrete use cases, and this coming year we will be driving adoption for our applications. Our near-term vision for them is to build a platform to audit enterprise operational processes that integrate with all forms of data sources, ranging from hardware modules & sensors to custom-made enterprise software, or to everyday communication platforms such as email or SMS.

Continuing with our #AppFirst strategy, we have identified solid use cases for the auditing platform across multiple geographies and industry verticals.

Here’s an overview of our goals for the applications this year:

  • Scale up our hardware-enhanced asset leasing and mobility service offerings with our customers and channel partners in Japan and expand signed annual recurring revenues — no empty PoCs here.
  • Expand our coverage into the US market with our process change order offering. Build a low-CAC model to rapidly onboard trials and convert paying customers.
  • Release a lite version of our auditing solution for SMEs as well as individuals to help accelerate the onboarding process.
  • Continue to build out & refine applications based on our auditing backend to target a full range of enterprise tools (e.g., email, messengers, productivity applications, and more).
  • Continuing to iterate on our secure hardware to secure data at the source and prevent fraudulent data from being anchored into the blockchain.

Network: #Stable #Performant

We continue to push ahead with our public ledger protocol to support our enterprise operational process auditing application. Our primary focus is on the stability of the network to ensure minimal downtime for applications. Our secondary focus will be overall network performance to enable smooth scaling of our application.

Here’s an overview of our goals for the network this year:

  • Launch a network that’s sufficiently #stable and #performant able to support production-grade applications with emphasis on uptime, recovery, state synchronization, and non-disruptive upgrades
  • Launch and integrate a fully concurrent VM to break through the smart contract execution bottleneck and give us maximal vertical concurrency
  • Supplement our network with development tools such as light node (including wallets), explorer, and node monitoring tools to help monitor, maintain, and test the network
  • Productionize of features such as privacy-preserving transactions, BLS multi-signatures, and sidechains.

Community

A truly decentralized network cannot exist without a strong community. Even as we build infrastructural technologies and enterprise solutions, we are committed to leveraging our products to engage the Taraxa community and for community members to engage with one another in order to generate value for everyone involved.

Here’s an overview of our community goals for 2020:

  • Engage the community with gamified incentives around the lite version of our application and help drive adoption, solicit engagement ideas, feedback to help improve our products, and additional application ideas.
  • Engage the community with gamified incentives around operating our network nodes, collaborating to conduct stress & security tests, contribute to our codebase and in general solicit feedback on how to improve our network.

If you’re curious about how our solutions can help you today, or wish to participate in customer surveys and user testing, reach out to us Discord to learn more about exciting things we can collaborate on.

To keep up with ourlatest and greatest, make sure to follow us on Twitter.

For those of you who’re interested in building with us, be sure to keep track of the Taraxa Github as we prepare for a series of new releases.

Upwards and onwards!

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