Business Analysis Of DogData blockchain project

Kryptarion · May 7, 2020

The DogData project is a multilayered blockchain network focused on the improvement of dog health and welfare. The project is designed to provide solutions to the many challenges facing dogs and the dog owner community across the world. We all know that dogs are the most kept animals as pets — even ahead of cats. Dogs are special animals possessing many features that make them unique over other animals. Dog owners and experts have reported that keeping dogs has many benefit some of which include; good health for the owners, Having a dog can help you stay active, Dogs are brilliant companions, dogs provide us with a sense of emotional wellbeing etc. It is because of these many reasons that dogowners take the health of dogs very importantly.

However, keeping dogs have come with many problems. The dogowners community have challenges in so many areas done of which include;

Lack of organisation within the Dog owners and Dog breeders communities
Missing or fragmented dog data
Dog Breeding complexities
Missing Dog Sale Conditions of Care
Lack of proper use of the big data and information about dogs;

Interestingly, this is why DogData project was created — to profer solution to these problems on a single platform. Below is the SWOT analysis of the project; shedding light on the different components of the project..

Read on to learn about its strengths.

DogData is revolutionary project created to integrate series of dog health solutions into one single ecosystem anchored on the blockchain. The team behind DogData has recognised the challenges that dog owners are facing in relation to the health and wellbeing of their dogs; and have came up with tailored solutions. It can easily be said that the strength of DogData are the value additive features and different solutions it is offering.

Features and solutions of DogData ecosystem

Creation of PedigreeChain; an immutable dog register on the blockchain where dogs owners can register their dogs
DogData App: An integrated life data management system for dogs
DogData Vault: A comprehensive and complete vaccination program for dogs
DogData experts: Correction of unverifiable and untrustworthy dog data system
4Dogs marketplace: Creation of a P2p Dog sale, care and welfare system
DNA hunt: Development of algorithm that use big data & science to breed better Dogs
Dog sale smart contract: Provision of tools to guide new Dog buyers to pick a suitable Dog breed

Beside the features of DogData project, another strong drive for the project is the team. The project has assembled the best minds in the dog business. The members of the team are dog industry experts with the vision of leveraging the power of the Dog owner community to improve Dog welfare, Dog breeding, Dog knowledge and marketplace savings, through technological solutions using a gamified system enabled by tokens and coins.

DogData is a powerful product offering, but it is offering it's solution on the blockchain technology. While blockchain is a disruptive technology, it faces the challenge of mass adoption because it is still relatively new. This could be a challenge for the company as vast majority of the people are still more comfortable with centralised products and solutions. However, DogData is targeting one of the few strongest and fastest growing communities across the world — the dog owners community. Dog owners and breeders have perculiar love and affection for their pet dogs; hence this could be a massive advantage for DogData as as a strong community devoted to the health of their pet dogs would adopt such a well designed product like DogData

The dog owners' community is one of the largest in the world. And as long as the need to have a real and genuine companionship in pets, the population grows. More and more people are getting new pet dogs or different breeds, thus; the dog industry has shown a double-digit growth since the last few decades . DogData aims to tap into this growth to launch it's solution.

The markets expenditure of dogs is in excess of $500 billion. DogData is making the move to connect blockchain which is one of the most important technology of today, to the dog market. This is a huge opportunity to be realized, the company is giving the dog community the chance to be integrated to the crypto community. Furthermore, the features and value additive of DogData project will give it an competitive edge to reduce internal market frictions of collaborative products and other centralised solutions. This extra advantage can be leveraged to grow the ecosystem.

DogData is an extremely ambitious project. It is focused on the development of solutions such as PedigreeChain, DogDataExpert, Dog Sale Smart Contract, DNA Hunter, DogDataVault, and a decentralized marketplace for dogs — the project will also be utilizing its own currency.

The blockchain market is ready for DogData products, and while DogData's ambitious goals are admirable, the company might run its resource a bit thin. However, given the powerful collection of experience in DogData team, ranging from executives at big dog companies, Dog Breeders, Veterinarians, and dog show operators; the manpower supporting this ambitious mission has the abilities to deliver a project that can penetrate the market.