Cere Network has raised $5 million for its decentralized data cloud (DDC) platform, which is launching today for develope...
Problem
Big-tech’s data monopoly
“Big Tech”, the modern giant technology companies led by The Big Five - (Amazon, Apple, Alphabet (Google), Microsoft, and Facebook) - have entrenched themselves as the middlemen for access to and exchange of third-party customer data.
These five companies alone have hauled in a staggering USD 900 billion of revenue in 2019. Adding the revenue from traditional CRM data providers, such as, Snowflake, Salesforce, Oracle, SAP, Adobe and others brings this market to a total well over $1 trillion.
To put this into a staggering perspective: This is similar to the annual GDP of countries Indonesia, Mexico or Spain!
All CRM data-solution providers do everything to maintain their dominant position of data brokers by collecting data across all of their services from consumers and businesses alike. They use the hoarded data to sell access to consumers back to the businesses and expose their customers to risks related to privacy, compliance, and security.
Application owners and developers are locked into their walled gardens and are tethered to poor interoperability and high dependence.
These traditional CRM data-solution providers are outdated, expensive, and are hard to integrate with today's AI and data-driven solutions to proactively react to nowadays customer journeys and UX’s opportunities.
Solution
Introducing Decentralized Data Clouds
Cere’s Decentralized Data Cloud is the first blockchain-based data warehouse solution that is optimized for capturing user/app interactions that are individually signed and encrypted, along with potential value transfers, to be stored in a tamper-proof and time-capsule data scheme.
This novel setup allows for the direct and secure decryption, validation, extraction, transformation, and (AI/ML) utilization of such data by trusted or trustless parties, automated processes, and decentralized data marketplaces.
Cere’s DDC data operations are configured to work directly with Cere’s networks or with any other Polkadot/Substrate blockchain network.
By enabling plug-and-play customer onboarding that leverages identity abstraction technology, achieving the much sought-after GDPR & CCPA compliance for enterprises by design.
The token
The $CERE token fuels:
Product
Turn-key blockchain innovation for enterprises
Cere’s blockchain innovations, along with its Decentralized Data Cloud and a suite of enterprise SaaS solutions, have been built in alignment with blockchain platform Polkadot to bring clusters of enterprise-focused interoperable networks and solutions into the substantial blockchain ecosystems. Cere’s innovation can be captured as follows:
Data onboarding using identity abstraction technology
Turn-key private/permissioned blockchain networks built on Substrate
Cere's Decentralized Data Cloud platform
Cere Open Data Marketplaces
Cross-chain interoperability bridges with other Web3 projects
Traction
What we did and what we’re going to do
Cere has built its own Layer-1 blockchain network, driving it to be one of the foundational level-1 blockchain networks in the Polkadot ecosystem. This effectively allows Cere solutions to extend to all other Web 3.0 projects natively, and further to other decentralized networks in the future.
Business model
A unique approach to generating revenue with Blockchain technology
Cere’s SaaS-integration partners, both internal and external, deliver custom solutions for enterprise clients that leverage the Cere Network blockchain infrastructure. In order to drive economic value for the Cere utility token, +- 20% of all Cere SaaS fees will be used for network transactions, and another 20% will be allocated to the Cere Open Data Marketplace to stimulate activity between enterprises and data engineers.
Market
Competition
Cere is on a collision course with Snowflake, Cere’s centralized counterpart, which has just completed the biggest software IPO in history, indicating the market demand for innovative data solutions that can bolster this generation of business digitization.
Cere built the natural evolution of the ‘next-gen’ snowflake due to benefits such as trustless data collaborations, better data agility and customization, while providing full privacy and ownership to businesses and their users. Ultimately this allows Cere’s Open Data Marketplace that is not locked to any vendor to compete with that of Snowflake’s proprietary one.
Vision and strategy
Breaking with Big Tech
Cere aims to relieve businesses of the growing, aching pain in customer data management.
Cere is an ethical environment that will help any business develop their own decentralized customer data cloud on top of a blockchain-powered decentralized data network, built from the ground up around privacy, security, interoperability, and open-source philosophy.
Blockchain and distributed ledger technology (DLT) are the key components of Cere's differentiation and unique value proposition, because they provide the technical foundations for Cere’s Decentralized Data Cloud (DDC) and peer-to-peer data collaboration environment.
Cere lifts the veil off the black box of customer data management and makes it transparent to the end-user.
The Cere decentralized Data Cloud is built on the foundations of an open-source collaborative data platform, Cere’s Decentralized Data Network (DDN), that can be trusted to allow all apps to share user data in a mutually beneficial way while retaining data ownership.
Application owners, technology vendors, developers, validators, and consumers all take part in the Cere Decentralized Data Cloud, into which businesses can seamlessly and securely onboard their customer data. All of these participants will consequently benefit from solutions that are built into this open and connected environment.
Funding
Disclaimers
Statements contained on this page are based on current expectations, estimates, projections, opinions and beliefs of the Interdata Network Inc. (the “Issuer”) as of the date hereof unless stated otherwise. Such statements involve known and unknown risks and uncertainties, and undue reliance should not be placed thereon. Neither the Issuer nor any of its affiliates makes any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein and nothing contained herein should be relied upon as a promise or representation as to past or future performance. Certain information contained herein constitutes “forward-looking statements,” which can be identified by the use of terms such as “may,” “will,” “should,” “could,” “would,” “predicts,” “potential,” “continue,” “expects,” “anticipates,” “projects,” “future,” “targets,” “intends,” “plans,” “believes,” “estimates” (or the negatives thereof) or other variations thereon or comparable terminology. Forward looking statements are subject to a number of risks and uncertainties, some of which are beyond the control of the Issuer. including, among other things, the risks listed in the private placement memorandum.
Actual results, performance, prospects or opportunities could differ materially from those expressed in or implied by the forward-looking statements. Additional risks of which the Issuer is not currently aware also could cause actual results to differ. In light of these risks, uncertainties and assumptions, prospective investors should not place undue reliance on any forward-looking statements. The forward-looking events discussed in herein may not occur. The Issuer undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.Certain projections herein, including projected adoption of the Cere Network, set forth herein contain projections, assumptions and expectations with respect to the performance of the Cere Network. These projections and hypothetical returns have been prepared and are set out for illustrative purposes only, and do not constitute forecasts.
They have been prepared based on the Issuer’s current view in relation to future events and various assumptions and estimations, including estimates and assumptions with respect to events that have not occurred, any of which may prove incorrect. While the projections are based on assumptions and estimations that the Issuer believes are reasonable under the circumstances, they are subject to uncertainties. None of the Issuer nor its affiliates or any of their respective directors, officers, employees, partners, shareholders, advisers and agents of any the foregoing makes any assurance, representation or warranty as to the accuracy of such hypothetical illustrations. Nothing contained in therein may be relied upon as a guarantee, promise or forecast or a representation as to the future. A broad range of risk factors could cause the Cere Network to fail to meet its objectives, including those described in the risk factor section in the applicable private placement memorandum.Certain pages may be hosted by Republic Core LLC, a technology provider within the Republic Ecosystem. Republic Core LLC is neither a broker dealer, funding portal nor an investment adviser. REPUBLIC CORE HAS NO RESPONSIBILITY FOR THE ACCURACY AND COMPLETENESS OF ANY INFORMATION RECEIVED FROM THE ISSUER, THE CERE TEAM, THEIR USERS, OR OTHER THIRD PARTIES.
This notice should not be construed as an offering of securities or as investment advice or any recommendation as to an investment or other strategy by Republic Core LLC (“Republic Core”) or Republic Crypto LLC d/b/a Republic Advisory Services (“Republic Advisory Services”) or any of their affiliates. All information provided in this web page is impersonal and not tailored to the needs of any person, entity or group of persons. Each of Republic Core and Republic Advisory Services is being compensated $225,000 USD (Republic Core solely in cash and Republic Advisory Services in certain CERE tokens, for an aggregate equivalent to $450,000) by either the issuer, Interdata Network Inc., or Cerebellum Network, Inc., or an affiliate (collectively “CERE”), for services provided in connection with this web page and other advisory and technical services, respectively. Neither Republic Core nor Republic Advisory Services nor any of their affiliates has independently verified any of the information provided in this web page or makes any assurances as to the completeness, accuracy or reliability of any such information provided by CERE. This web page may contain external links to third-party content (content hosted on sites unaffiliated with Republic Core or Republic Advisory Services), and neither Republic Core nor Republic Advisory Services nor any of its affiliates makes any representations whatsoever regarding any third-party content/sites that may be accessible directly or indirectly from this newsletter. Linking to any such third-party sites in no way implies or constitutes an endorsement or affiliation of any kind between Republic Core or Republic Advisory Services (or any of its affiliates) and any third-party. Republic Core and Republic Advisory Services are subsidiaries within a family of companies owned by OpenDeal Inc. (together sometimes referred to as "Republic"). Republic and its affiliates do not provide tax, accounting or legal advice — all recipients are advised to consult with their own advisers. [An earlier version of this disclaimer stated that Republic Advisory Services would receive its payment half in fiat cash and half in CERE tokens. The parties subsequently agreed to pay the total in CERE tokens, with no cash component.]