Most of the people working in the blockchain industry would say that the old economy has bit the own tail. And they would be absolutely right. In 2008 Satoshi opened doors to the new possibilities. The question left is how the global market will use them. Will the finance world turn to the bright future of the shared economy? Thanks to the projects like The Sorven, this can be more possible than ever.
Based in London, the heart of a global financial world, the Sovren company wants to revolutionize the actual trading market. According to the concept, trading supposed to be as easy as never before made just with the couple clicks with 0% commission, and in one mobile app.
The Sovren ecosystem consists of four parts – trading, lending, paying and playing. Actually, the last one just describes the system usage – in an easy and convenient way. Trading can be done with stocks, gold and securities.
What is important SOVREN wants to act on the financial market fully legal. This is why the company acts in the UK, not in the tax havens But despite the claiming to be fully licensed there is no information which allowances the company already obtained or will gain in the nearest future.
What I really see unique in this project is a possibility for group investments. The SOVREN application allows to share the history and make decisions together with family members or a close friends network. Details on the picture below:
The whole interaction with the SOVREN ecosystem can be done with a ZOVA chatbot support. Using Artificial Intelligence for communication and development is one of the projects’ pillars. It will make the user interface of the app much more convenient and easy to use.
The team consists of experts with different backgrounds. It means mainly in business, marketing and technology. Each team and advisory board member have a LinkedIn profile where you can check their previous working experience and connections. The full list can be seen below:
Avijeet Jayashekhar Founder and CEO
Wynand De Jager Co-Founder and CTO
Tara Nolan Director PR & Marketing
Jan Bolhuis Blockchain Solutions Architect
Prashant Tiwari Head of Platform Development
Luke Lynch Head of Cyber Security
Sachin Shetty Head of Technical Integration
Subhra Thota Programme Director- Testing
Santhosh RB Head of UX
Kledi Nenaj Business Development
Natalia Boruch Director Customer Engagements
Chris Parker Head of Business Development
Revathy Mariappan Senior Business Analyst
Cesar Ortega Strategic Advisor
Petros Bozatzis Investor & Advisor
Anuj Khanna TGE Strategy Advisor
Jason Grant Advisor - Customer UX
Sascha Gh DDS Strategy Advisor
Guy Douek Strategic Advisor - Operations, Payments and Fraud Prevention
The team promotes themselves with numbers. According to the official data the team has:
40 - successful Fintech Launches
130 - successful Projects
6 - years of Blockchain Experience
100 - years of Business Experience
behind their backs. For me, it sounds impressive. Isn’t?
The token used to fuel the SOVREN ecosystem has a ticker SVRN and it is based on the ERC-20 protocol. It will be used for example as a fee reducer or a discount token for trading. To be honest, the part about the token policy supposed to be overworked as much important information is missing.
Hype and marketing
Let’s check the SOVREN community numbers:
3 149 followers has SOVREN Facebook profile
7415 members has their Telegram channel
2862 followers has SOVREN Twitter profile
That makes a pretty average community size. There is no information about any conferences or meetups the team is taking part in.
If you want to learn more about the project check the links below: