As Project Manager in the IT field, we were facing many challenges in terms of development costs and marketing costs. When I started my new venture on mobile gaming, a similar experience of cost overrun happened. This has lead me to think and find a solution to fill the market gap to overcome the problem for any project management cost. Thus the brainchild idealogy of TIME Blockchain was born and inspired me to help the ecosystem community. We wanted to create for any business in the ecosystem of gaming, dApps, DeFi, and IoT to be an easy and seamless integration.
What it does
TIME blockchain works on the basis of Distributed Ledger Technology (DLT) and is ideal for verifying, performing, and storing data and record transactions. TIME integrated with CAESIUM token helps the network users create new digital assets from the vast ecosystem provided, powered by the TIME Blockchain and our ecosystem covers the below:- Gaming - Decentralize Games and Decentralized Auction Platform dApps - Fleet Management, Global Product Management System (GPMS), Environment, Health and Safety (EHS), and Global Education System DeFi -CAESIUM Wallet, Exchange (Trading), Real Estate Investment Trust (REIT), Crypto Lending, Crypto Custodial Service, and Decentralized Will Service (DWC). IoT and Blockchain - Data Security, Cryptographic Key, Authenticating IoT Devices, Usage of IoT Data Encryption, and PKI Security
How we built it
TIME Blockchain is a transparent decentralized blockchain platform providing an opportunity to earn CAESIUM tokens as a reward using Active Time (POT) and staking (POS). With Proof of Work (PoW), it becomes easy to provide security and verify non-fungible assets (NFA) in the TIME blockchain. We are working on the hard fork Cardano Blockchain for developing this platform. We will also define our own consensus algorithm which will make this hybrid blockchain a global player based on proof of time (POT) TIME Blockchain. The algorithm used by TIME blockchain is coded in such a manner to randomly generate tokens and mine as per the total time spent in the blockchain network. The algorithm used for measuring POT in TIME’s blockchain is a trusted code that is applicable for POW, POS, and POC. All our ecosystems are integrated with TIME Blockchain.
Challenges we ran into
The Covid-19 pandemic has reduced our development time and restricted our roadmap in terms of the execution of building the structure of our blockchain. This has also impacted our timely launch due to competitors having similar ideas of NFT based gaming. Nevertheless, we are confident that we are ahead of our competition against our tacit knowledge in the ecosystem. We are 40% head of development based on our white paper and more development funds are required to complete our TIME Blockchain and ecosystem. We are on track with our roadmap and right now raising funds via our ITO to move to the next phase. These are our challenges and we are working around them.
Accomplishments that we're proud of
TIME’s Alpha Returns Game is built on the core competencies of Blockchain and gives you an action-packed environment to play. TIME has built the first-ever truly decentralized digital scarcity game based on NFT linking thru our TIME Blockchain. We started our ITO in the month of June 2021 and have successfully registered 20000 users and currently, we have active 30000 users in our CAESIUM Telegram community. This has given us confidence that we are on the right track to creating a new fourth-generation blockchain solution.
What we learned
We have learned that with proper fund management and fundraising we can complete our roadmap and be one of the first pioneering truly decentralized blockchain-based communities working on a real working solution for the ecosystems. That’s why we are working together with our CAESIUM community to raise funds via our initial token offering and we know this is crucial for us to be successful.
What's next for TIME BLOCKCHAIN
Our end product will be the virtual reality connected to our TIME Blockchain. This virtual environment connecting a real space is only possible via a secured encrypted blockchain. The application that we are predominately targeting the betting and sporting event. The scenario is a virtual user walking into a real casino and gambling virtually and this is only possible when we have a strong decentralized and secured blockchain.
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