The blockchain technology has been around for over a decade now — ever since the launch of Bitcoin (BTC) itself. In the years that followed, however, the attention had shifted away from cryptocurrencies, and countless businesses and developers started considering what it is that blockchain itself can do.
This has led to countless new concepts and possibilities, with this technology suddenly finding use cases in nearly every industry out there. Many of them can be improved upon, such as supply chains, banking and finances, agriculture, and more. When it comes to healthcare, it is in such a dire need for more advanced technology, that many believe that blockchain is crucial for this particular industry's advancement.
With all of that in mind, blockchain technology is still quite alien to the regular people. They never encountered it before, which is why many believe that they do not need it. Others find it overly complicated and intimidating, which prevents them from exploring it further, and realizing its capabilities. This is one of the reasons why blockchain has yet to go mainstream and become universally accepted. This is also something that projects such as Tenzorum aim to change.
Tenzorum is the portal that aims to bring people closer to the decentralized version of the internet — one which can be achieved through blockchain. If the people won't come to the blockchain, the project's philosophy is that blockchain must be brought to them. This is why it plans to bring this futuristic form of the web to our devices.
Its vision is also to bring the full benefits of the decentralized web to the users, without compromising their security, or user experience. It plans to do this by bringing seamless blockchain integrations to games, apps, wallets, financial services, fund management, identity systems, exchanges, and more.
Just like the internet evolved from its earlier stages of command line functions to the extremely user-friendly web we know today — the blockchain can and will do the same. It is Tenzorum's goal to help it make that step, and serve as a bridge between the blockchain infrastructure layer, and an accessible ecosystem, where anyone can start using real-world applications, as well as an interface they are comfortable with. Naturally, the portal will be using its own cryptocurrency, one that is expected to see its token sale at some point in the future.
Tenzorum has not yet revealed the time and date of its ICO, despite the fact that it was officially announced more than nine months ago. Even though the date has yet to be revealed — other details are known already, such as the token's ticker — TENZ.
TENZ is a utility token that was developed on Ethereum's platform. As such, it is yet another ERC-20 token, and it will only accept Ethereum (ETH) coins during its token sale. The price of each TENZ is set to be $0.023, and anyone who goes through KYC and Whitelist procedures will be able to participate, as the project did not announce any restricted areas at this time.
The project has also set up a hard cap, which sits at $6,750,000. The soft cap, if it exists, is not known at this time.
|Start||June 1, 2019|
|End||September 30, 2019|
|43 days left|
I believe that the team has for some reason abandoned this project. The Tenzorum official website is currently inaccessible, the founder didn’t even bother to begin the KYC process, and the last post on Twitter dates back to December 16, 2018. It appears that all their ambitions about bringing the decentralized Internet to people went bust, so there is not a single reason to continue reviewing this failed startup.
It is apparent to anyone who is at least a tiny bit familiar with the blockchain technology that it will become an integral part of the World Wide Web, and IoT in particular, sooner rather than later. But would Tenzorum become the project that puts this concept into practice? I guess we will have to wait and see. So far, I haven’t noticed anything extraordinary about this project, but I will keep monitoring its progress.
When I first saw that Tenzorium is building the decentralized Internet, I thought that they snatched that idea from the Silicon Valley sitcom. Just kidding, I reckon that this project presents an interesting concept, though one that would be extremely difficult to implement. Not with the funding that they want to obtain from the ICO. Guys, $6.7 million wouldn’t be enough to keep your project afloat for half a year. All in all, I think that the grandiosity of the idea doesn’t match Tenzorum’s capabilities.
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