Time has flown by since our last DomRaider Monthly News and we have been keeping busy since! A lot of things has happened during that time and we want to share what we have been up to recently in order to let you know how the project is going.
The DomRaider team has been hard at work, developping the blockchain ecosystem and working with companies to support DRT and build partnerships. No big news to announce yet, but here’s what’s in the works:
DomRaider Team faces a task whereby there is a need for immediate start of operations versus the necessity to select the most competent stakeholders. We face no tradeoff in this, as we were approaching highly-qualified individuals long before our ICO and this permitted us to pre-hire a number of high-achievers who will be joining DomRaider. And today, DomRaider is expanding: by the end of 2017, the team has grown up to reach 30 people. Tomorrow, DomRaider will be joined by 41 talents that will reinforce the team. We have started the recruitment and we have a great number of vacancies in various team. Development Team will include new developers, IT solutions architects, and Product Managers. They will strengthen our actual team on building different components of DomRaider including development of the basic protocol of the auctions systems. We are also hiring people to develop partnerships to drive the adoption of DomRaider Ecosystem. Business, Marketing and Administrative teams will also grow up as we are hiring people to help execute the Roadmap of DomRaider.
What Positions are Still Open? Well you should have a look first at the carreers section. You are welcome to send a spontaneous application to joinus [at] domraider.com, if you believe you fit one of the positions mentioned in the previous link and if you share the vision of DomRaider. Please note that it may take up to 14 days for us to follow up with your candidacy due to a very high amount of information we have to process.
Then in 2018, we will announce new team members joining DomRaider. Announcements are likely to take place on a weekly basis throughout the entire 1st quarter of 2018.
Well, this is not a feature but more the philosophy behind the blockchain project: by decentralizing the auctions market, the big picture is to democratize a traditionnaly opaque market. The global auction market is a huge opportunity and online purchases and online marketplace using auctions system faces huge problems, among them the lack of trust. By making auctions transparent, open, and unlimited, DomRaider will provide a new hasslefree tool to help auction houses online and offline to better manager their auctions and reach new clients worlwide. Thanks to its own experience in the auctions market and throught the developement of the blockchain ecosystem, DomRaider will be able to bring solutions for scalability, transparency, interoperability, speed and cost transactions.
As Etienne Roudeix, our Blockchain Product Manager, has explained, we are working on the Minimum Viable Product, scheduled to go online by the end of january 2018. At first thought, making auctions available on the Ethereum Livenet blockchain through a smart contract should be something easy, but there are many difficulties that must be solve, especially the fact that transactions cost (gas) and take (mining) time. To overcome these major limitations (and some others current issues ), it has been decided to first launch a MVP using a private blockchain through Go implementation (Geth). This solution will allow to run a simple auction protocol on a transparent private Ethereum blockchain. Meanwhile, important features related to the auctions process are currently developed, such as payment guarantee, open API, Block explorer, proxy bidding, DRT integration ,and finally Opened Geth Node and foreign nodes allowed. As we are trying different approaches to scaling implementing theses features, we are planning first release in Q1.
Thanks to the MVP it will be able, at the very beginning, to see how the blockchain auctions works, and by extension this will bring more exposure and trust on the DomRaider auctions blockchain ecosystem.
We will have more updates and hires and announcements coming up next year. 2018 will be a good year for DomRaider! Until that we wish you some pleasant end of this year and happy holidays!