Imagine a digital ecosystem where an entire world of developers intermingle, tinker, and build the applications that continuously improve our lives by the day. All on a single platform that connects them directly to the people that want their talents the most — avoiding any and all middlemen along the way. That’s what one Australian-based company, Quixxi, has in mind anyway. The creation of a decentralized network of developers that incentivizes them to contribute value to it via a blockchain-based reward system.
This is a sponsored article provided by Vanbex Group.
General Overview of Quixxi
Quixxi is a “platform made by developers for developers,” according to CEO Giuseppe Porcelli. The company describes itself as a leading platform that provides mobile application developers the tools necessary to secure and improve applications.
The business is not an exclusively blockchain-based venture and has been operational for an extended period of time already, providing valued products since 2013, well before its experiment with blockchain tech.
Thus, it has established an identity independent of the current crypto vision it has now undertaken and made its primary focus. This is significant as experienced and well-established organizations are a rarity in the blockchain space, with most projects being led by newly founded startups that are created with the sole purpose of advancing a blockchain solution.
This is where Quixxi differentiates itself from other blockchain projects, by being an already successful firm with a well-established source of revenue.
“We are already a business that is generating revenue from a product that is offered now, but we just started our experiment with blockchain tech in February of last year,” Porcelli told Bitsonline. “So we are an existing product already on the market, well tested, with an existing customer base.”
Indeed, Quixxi initially began as a traditional service that was used as a way of contracting out security for those developing applications. In doing this, it gave developers more time to spend on building the actual app, rather than worrying about the security of the app.
Why Does Quixxi Need the Blockchain?
Now, however, their focus has mostly shifted to their blockchain and the Quixxi Token that powers it.
But why? In what way will a blockchain improve their already existing service? Does it even make sense to implement a blockchain-based service in this space? In an age where blockchains are being invoked for just about every problem afflicting society, questions such as these are not unreasonable to ask.
According to Giuseppe, the utilization of blockchain tech in this space not only makes sense, but is a no-brainer as it saves developers’ time and money
“In order to be competitive, [developers] need to spend a lot in research and development to keep up with the big players. So we cut out that gap, we allow them to be competitive immediately by providing them a solution that’s ready to be be used in their applications now.”
It does this by essentially decentralizing development on the Quixxi platform by opening it up to anyone who wants to contribute to it and rewarding them with their token to do so.
The basic idea is just taking the core services provided by the company and allowing more minds to improve upon it, thereby spurring more innovation and better products through a crowdsourcing-like method.
“So, the intention is to take all the existing layers that we have built in the last 5 years and have generated revenue for us and open it up to the community and ask for their help in order to make it better and to extend functionality.”
Token Distribution and Road Map
Notably, the company that owns Quixxi, Lakeba, possesses an impressive list of corporate partners that includes Microsoft, Fujitsu, and Intel. This fact combined with their already existing accomplishments as a company, which for Lakeba includes the invention of Shelfie, that gives both it and Quixxi a degree of credibility most blockchain startups simply don’t have.
Furthermore, Quixxi recently won the “Best Mobile Security Product or Service” at IAMAI Awards 2018 when the awards were announce on January 19th. Quixxi was recognised in the “Cybersecurity Awards” category which rewards innovative, relevant and useful cyber security products, companies and services across all digital platforms.
Quixxi is currently having a private pre-sale of its token, which has already netted them $1.9 million. In addition, they also have around $3 million worth of commitments from different companies to buy out tokens and split into their own utility token indexed to the Quixxi token.
The company will open a public sale of its Quixxi token in Q1 of 2018, something they call a token distribution event, which will end at the end of February. Immediately after February the platform intends to launch the first live version of its blockchain-based services.
What do you think of Quixxi decentralizing the development of applications? Is it a worthwhile endeavor or is it just another lofty vision put forward by blockchain evangelists? Let us hear your thoughts.
Images via Quixxi