I checked it and it's really amazing. Sooner or later we all know that blockchain will really going to change the future I know tachain will going to be part of it.
The blockchain has a great prospect in various fields and I think what is lacking at this point of time is usability. Other than that I think adoption is increasing daily despite the fud going around and the low market.
Adoption of Blockchain technology is growing. We see different projects in new fields daily. Hopefully TAChain would do that with Transportation and advertising.
i believe they still have zero competition, and even if they did there's more than enough market for multiple companies.
You are right, in advertising, there is space for lots of different companies, but you are wrong about the 'zero competition' statement. Just because other companies aren't doing the exact same thing as Tachain does not mean they do not have competitors.
There are hundreds of advertising networks and thousands of ad agencies. Granted there aren't many on the blockchain and the 'taxi' market is a niche one, but just because they have implemented blockchain tech it does not mean they do not need to compete against conventional practices.
I think he/she meant the zero competition statement for the combination of transportal and advertising. As far as I know, there is not competitor combining these two areas.
Tachain is the first project to combine both on the blockchain with cryptocurrency incentives and run an integrated exchange. Because they are trying to do so many things I wouldn't say they really have that much of a niche and they will actually have lots more competitors because of how many different industries they are trying to cover.
Lyft/Uber basically own the self-employed driver service market, there are hundreds of established ad companies that turn over billions, there are hundreds of blockchain based ad networks that probably advertise in taxis/public transport already and cover lots of other different areas (mobile apps, social media, etc.), and there are thousands of cryptocurrencies that could be used as incentives.
I get that all of Tachain's ideas and features will come together as one and it could be an amazing ecosystem if it is adopted by enough users to be a profitable business, but they need to persuade people to move away from companies that already dominate the industries they want to enter, so they can grow their own user base. They need to stand out, they need to secure big partnerships, all of this costs a lot of money.
I get that startups are always risky but even more so when entering into huge industries with little presence. Tachain have so much they need to do, I personally think they could really struggle and they need to get as close to their hardcap as possible if they really want to try and pull this off.