Harmony is a general-purpose dApp platform that launched its mainnet in June of 2019. The project’s main goals are to deliver scalability and decentralization. While this is something that many blockchains are trying to achieve, what distinguishes Harmony from its rivals is a well-rounded approach to the project’s business development and ecosystem expansion.
Harmony implemented the strategy of key enterprise acquisitions in order to facilitate adoption. Recently it signed a partnership deal with Animoca Brands, which acquired Quidd, a company with gaming licenses for Disney, Game of Thrones, Marvel Studios and more. While active development on games for these brands has not been confirmed, it can be inferred that the acquisition and choice of Harmony as tech partner for Animoca suggests that blockchain-based games are on the way.
This early success should help build momentum for the project in terms of enterprise and application adoption, something many similar projects lack.
Harmony looks solid not only from the business perspective but also from the technological side. Conceived by a Silicon Valley team, with professionals from Google, Apple, Microsoft, and Amazon, the project has been able to deliver quickly on its technological milestones. Now, though, all the focus is on the mainnet launch expected within the next few months, with the expectation of the first wave of applications to be deployed shortly after.
The combination of strong technical fundamentals and early signs of adoption make Harmony one to watch. With the growth in adoption of blockchain technology over the next few years, Harmony has a chance to grow to prominence within the industry and deliver value to its ecosystem.Read full report
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