|Industry:||Smart Contract / Payment|
|ICO Timeframe:||11/02/17 – 11/22/17|
Confideal (CDL) is a platform that uses smart contract technology powered by the Ethereum blockchain to solve fundamental problems frequently associated with modern contractual processes, including interaction with counterparties, foreign exchange regulations, fraud and arbitration costs. Confideal will be an anonymous service that aims to help businesses carry out quick, cheap and safe international transactions without participation of third parties or knowledge of blockchain programming skills currently required to create smart contracts. Essentially, Confideal (CDL) aims to be a user-friendly smart contract option for non-programmers. As of today, Confideal (CDL) has 6 days remaining in their ICO and have achieved less than 1% of their fundraising goal.
PROS: Experienced management team with a “deep bench”, anonymity for its users, lower costs and increased speed for approval of international transactions
CONS: Offers little in the way of innovation or disruption to offerings already available (Bitcoin, etc.), appears to be targeted to users that may be engaged in criminal activity, increasing the inherent risk of regulatory issues and intervention, little prospect of reaching fundraising goal