Banyan Network (BBN) Review & Analysis – Banyan Network Review

Banyan Network

No.1 Global Data Fusion Value Network

ERC20 Token

Banyan Network is a fusion of big data network based on blockchain technology called Data Fusion Value Chain Network (DVN). It is also the world’s first distributed ecosystem of data economies raised and built by team experts in the field of data analytics.

Banyan Network covers data collection, cleansing, integration, and applications of complete business chains, developed theories such as “three laws of data value” and mechanisms such as “tripartite model”.

Our goal is to focus on blockchain enabled trusted data connection, third-party data integration and governance, data applications and open market development, building a positive interactive value-linked network of data benefits by establishing standards, providing channels, and issuing tokens.

Connecting commercial application terminals and data source servers, providing online real-time authorization and inspection services.
Each report authorization will be stored permanently on the block chain to achieve tamper-proofing public trust standards.
Possess full intellectual property rights of safety compliance and technology, offer unique advantage to the individual authorization scene.

“Banyan Network is based on the principle of open, block-chain technology to the central data application platform, through the open source code, intelligent contract, our partners form a tight relationship with us to build a stronger inter-connected data chain, and ultimately form an ecosystem that can maximize the value of our data network. As more big data sources fuses into the Banyan Network, the ecosystem will grow bigger and broader applications applied to different industries. ”

Exchanges

Bibox
IDEX

Positives

All-star Team. Experience Is Not an Issue Here with Members Who Have Worked in Big Data and Cloud Computing for Years. The Team Even Features Kelvin Long, Kelvin Founded Unionpay Smart & HPB. The Team Is a Huge Highlight for the Banyan Network.
The Advisory Board for Banyan Network Is Extremely Good. They’ve Got the Founders of HPB, Share Finance, Patpat, the Former VP of Alibaba and the CEO of China Unicom on Board. This Is by Far One of the Most Suited Advisory Boards We Have Seen. Nobody Is out of Place Here.
The Website and the Whitepaper Do an Excellent Job of Describing and Detailing the Technical Aspects of the Platform. Plenty of Diagrams Here Which Aren’t Too Hard to Decipher. We Do Have a Small Concern Regarding This in Our “Concerns” Section, but Technical Details Are Always Welcomed.
Data Is Projected to Be One of the Worlds Most Valuable Assets in the Year 2023. Any Project Concerning Big Data Is worth Researching Due to the Enormity of the Industry and the Consistent Growth Expected for the next 10 Years. There Is Room for Plenty of Competitors in This Space and Banyan Network Does a Fantastic Job of Being Very Unique.
Competitors Are Going to Find It Hard to Compete Quickly. Banyan Is Creating a Platform That Is Not Easily Copied Due to the Extent of the Features They Are Developing. The Advisory Board and the Team Here Will No Doubt Push Banyan Network Way past the Reach of Any Potential Competitors.

Concerns

Banyan Network’s BBN Token Will Increase It’s Circulating Supply by a Fair Amount in a Short Period of Time. Another 280 Million Coins Will Be Supplied by the Beginning of September, 120 Million Tokens Released on the 3rd of June 2018, and the Remaining 160 Million by September 3rd. This Has Us Concerned about the Price Movement of the BBN Token. Dumping Such a Large Amount of Tokens into the Circulating Pool in a Short Period of Time Will No Doubt Have Investors Nervous.

Banyan Networks Website Is Great If You Are Interested in the Technical Aspects of the Project. For a New Investor Looking to Research What Banyan Network Is Trying to Achieve, the Whitepaper Is a Better Resource. The Website Describes Banyan Network in Somewhat Complicated Ways Which May Scare off Potential Investors. Not a Direct Concern for the Project.

The Roadmap Featured on the Banyan Network Website Traces Back to Q1 2017 but at the Time of Writing (May 6th, 2018) the Only Milestones for the Future Are “DVN First Open Source Project” In May 2018 and “DVN First Application Online” In July 2018. It’d Be Great to See a Few More Future Events or Developments on the Roadmap. Not a Huge Concern but Something Investors Should Keep an Eye On.