The ECOMI Ecosystem is a secure digital economic ecosystem supported by Ecomi Technology Pte. Ltd.. ECOMI aims to bring blockchain technology to the mainstream in one user-friendly platform. It offers the many benefits of decentralization, privacy, and control in the palm of your hands, made possible with our Secure Wallet and ECOMI One cards. At the core of ECOMI is a desire to create a range of usable and functional products, which will be achieved using a mixture of existing technologies, proprietary tools, and numerous standing partnerships.
The ECOMI ecosystem utilizes blockchain technology and digital assets to combine four primary sectors in the space:
- Protection of private keys (for crypto-assets and DApps)
- Real world cryptocurrency payments
- Secure storage and sharing of information and data
By using smart contracts to execute arbitrary functions, the ECOMI platform allows for immutable protection of assets, and the decentralization of data storage.
The initial ECOMI product offering includes:
The Secure Wallet (completed) – a state-of-the-art cold storage wallet, which combines the highest levels of security into a device that is truly portable and convenient to use. It is never wired directly to an online device and can hold private keys for 20+ cryptocurrencies and DApps.
ECOMI One- your immutable storehouse for cryptocurrency and FIAT (USD, GBP, AUD etc.), private keys and NFC enabled membership/loyalty cards. With an inbuilt exchange ECOMI One lets you choose which currency to pay in (or set a default currency), and take advantage of market fluctuations to maximize exchange rates, whilst keeping your assets as safe as physically possible.
The ECOMI App – This is at the heart of the ECOMI Ecosystem, allowing users to interact with, and obtain the benefits from DLT, in one central location, without any special knowledge or skills. This will be the center for ECOMI’s DApps (Wallet, Collect and Vault) as well as provide a marketplace for third-party developers to release their own DApps.
ECOMI Collect- ECOMI Collect capitalises on the digital collectible market by issuing non-fungible tokens for licensed and recognizable collectibles. Currently, ECOMI have secured the license to market and sell Tokidoki products/characters, with other licenses to be announced soon. The ECOMI Collect app will also function as a second-hand marketplace to buy, trade and sell digital collectibles, as well as provide the ability to interact with collectibles with an AR function.
ECOMI Vault – a SAAS solution that combines the immutability of blockchain ledgers with cloud storage technology to encrypt and store data on a decentralized platform.
What stands out is ECOMI’s fairly wide scope. In regard to the four products that the company plans to develop, it has to be said that each has competitors. They might lose to those more focused competitors who are putting all their resources towards solving one problem.
ECOMI does have a unique solution with the Secure Wallet, and that product is finished and ready to be purchased. What makes it better than competitors like Ledger Nano S is that they never connect to the internet directly. It remains to be seen if the benefits are significant enough to move people to this solution rather than the hardware wallets. Furthermore, ECOMI One and ECOMI Vault are both unique in their ways compared to the current competition. In regard to Ecomi Collect, it is the only cyrpto-collectable app with licensed brands, such as Tokidoki. However, both of these projects are not yet fully developed, hence we will need to wait and see whether their features will still be unique at the time of their release.
SIZE OF POTENTIAL MARKET
ECOMI is aiming to target a mass market with their products, as they are covering all of the following spaces:
Decentralized application marketplace
Exchange (providing liquidity)
Protection and storage of personal data, including basic identification, usernames, passwords, credit card information, passports, licenses and more
Recording, protecting and sharing of intellectual property
A broad variety of P2P asset exchange platforms including cryptocurrencies, messaging platforms, social media, encrypted file and data storage
The team’s aim is to build a global ecosystem, however for the time being it seems that their main focus is on the American and Asian markets. These two markets are promising in regard to in-game collectibles and also have the largest amount of cryptocurrency users and owners.
Conceptualisation of ECOMI.
Market research and planning; Corporate Structuring; Information Memorandum.
Key manufacturing relationships; Company Scalability Framework; Production Agreement Signed; Seed funding round opens.
White Paper commencement; FMA Application; Advisor and Board requirements; ECOMI One R&D Commencement.
Seed funding round closes; Smart Wallet product completed; ECOMI Token Private Sale; White Paper completed; ECOMI Collect 3 x license secured.
Share acquisition of manufacturer; Token Crowdsale Conclusion; ECOMI team expansion; ECOMI Collect scope completion; ECOMI App scope completion; ECOMI Vault scope completion; ECOMI One scope completion; Secure Wallet Updated App release.
Secure Wallet TGE reward dispatchment; ECOMI One R&D Completion; Secure Wallet 10 more currencies; ECOMI App v1 release; ECOMI Collect MVP; ECOMI Collect 6 x licenses secured; Exchange Listing.
ECOMI One physical prototype; Secure Wallet 10 more currencies; ECOMI Vault MVP; ECOMI Collect beta release; Secure Wallet Wholesale distribution; Exchange Listings; ECOMI Collect AR release.
ECOMI Collect public release; Secure Wallet – 10 more currencies; ECOMI App v2 release; ECOMI Collect 10 x licenses secured.
ECOMI One public launch; ECOMI Vault public release; ECOMI Collect public release; Exchange Listings.
ECOMI Collect Gaming MVP; ECOMI Collect 15 x licenses secured; ECOMI One Wholesale distribution; Secure Wallet – 10 more currencies.
ECOMI Collect Gaming release; Secure Wallet – 10 more currencies; Exchange Listings.
- David Yu – CEO
- Daniel Crothers – COO
- Mikel Duffy – CTO
- Joseph Janis – CIO
- Lucas Young – Full Stack Developer
- Daniel Zheng – Front End Developer
- Steven Connery – Solution Architect
- Rhys Skellern – Communications Manager
- Douglas Hand – Art Director
- Oliver Finel – Community Manager
- Sean Liang – Sales Manager
- James Li – Licensing Manager
- Howard Lin – Customer Service
- Jong Wang – Customer service
BOARD & ADVISORS
- Jonty Kelt – Founder, Fantail Ventures
- Hongbo Xu – Founder & CEO InnoHub
- Ward Stirrat – Co-Founder Coinpayments
- Michael Ou – Founder & CEO, CoolBitX
- Kam Punia – Founder, Pixion Games
- Tudor Clee – Barrister and Solicitor of the High Court of New Zealand
- Jeff Lander – Founder, Red Button Gaming (AR/VR)
- Paul Adams – CEO EverEdge Global
- Ryan Donnelly – Founder, TITANBLOCK
- James Lu – IC & Biometrics Acer
- Paul Martin – Ex- Vice President Merrill Lynch
- Philipp Schulz – ICO Advisor / Crypto Consultant
ECOMI’s products have potential to become mainstream. With the Secure Wallet being at the base of the ecosystem, and the ECOMI Collect being the company’s flagship product, ECOMI can possibly reach a mass market of the pop culture.