BLOCKv plans to build a platform where developers can create smart digital objects on the blockchain, then transact those objects in a seamless way. The prototype for BLOCKv was first demoed on the bitcoin blockchain, but the technology can be built on top of all major blockchains, including Ethereum and others.
Those “smart objects” are called Virtual Atoms (vAtoms). They’re a combination of code and multimedia elements. The objects are dynamic. The platform encourages the creation of digital goods that make a cryptocurrency come alive as an asset for developers, brands and end users.
ICO
The BlockV project, based out of the US, managed to sell $21 000 000 worth of VEE tokens during the duration of their crowdsale.
Virtual Atom
vAtoms are highly programmable digital objects that are individually owned and can exist in different environments. The ownership of a vAtom is confirmed via a record on any blockchain, making each vAtom unique, verifiable and tradable. vAtoms are owned by the end users, meaning that, for the first time, users can own a virtual object much like they own a physical object.
vAtoms utilize many of the same principles that can be found in smart contract technology, but they go several steps beyond what smart contracts are capable of today. Instead of simply executing code through the use of tokens, vAtoms fuse the token and the code into one, adding on a user-centric, experiential layer to the smart contract paradigm.
vAtoms employ fully shaded 3D models, animated artwork, music and video, and can be experienced on any device, including mobile phones, smartTVs, and augmented and virtual reality. vAtoms can be acquired from other users, via online interactions, from printed materials and broadcasts, or through being physically present where vAtoms have been “dropped” in the real world.
Ecosystem Infrastructure
The BLOCKv platform provides an experiential layer on top of the blockchain that allows developers to build vAtoms that behave and interact in unique ways.
Firstly, SDKs and APIS will act as an open engine on all platforms for interacting and viewing vAtoms. Next comes the Nucleus, it contains the core components that make vAtoms function they are. These components include notifications and real-time event listeners. In the Marketplace and Exchange Layer of the BLOCKv technology stack, users can buy, sell, and trade vAtoms, this layer is connected to a registry containing information about vAtoms creation, organization, and management. And at the end of it, the Blockchain Abstraction Layer enables seamless integration between all the platform components.
Conclusion
There’s little incentive to own or hold the VEE tokens unless you want to create a vAtom yourself. There’s absolutely no other incentive to hold the token whatsoever. Also, there isn’t anyone reputable or well known on the team to back up the project. It’s just a bunch of people’s names, the least they could have bothered to do is give links to their LinkedIn profiles.
Overall, the BlockV project is definitely an interesting one, however it success depends entirely on adoption and so far we’ve seen nothing impressive. The presentation on their website and the whitepaper show a lot of promise, but the execution is rather lacking.
