Remme
Crypto Overview
Overview
Remme was launched as a blockchain-based protocol for authentication that intended to eliminate the need for passwords by creating a distributed Public Key Infrastructure (PKI) management system. The project aimed to provide secure and cost-effective authentication solutions for enterprises.
Purpose and Utility
The REM token was designed to be used as a utility token within the Remme ecosystem for: 1) Node operators to stake tokens to participate in the network, 2) Users to pay for certificate issuance and management, 3) Governance participation in the protocol's development.
Current Status
As of 2024, the project appears to be inactive. The official website is no longer accessible, development activity has ceased, and there is no evidence of continued business operations or adoption of the technology. The token continues to exist on exchanges but with minimal trading volume.
Business Model Analysis
The original business model focused on providing legitimate authentication services, which aligns with halal principles as it aimed to create real utility in cybersecurity. The project did not involve any prohibited activities like gambling, interest-based lending, or adult content.
Development and Adoption
There has been no significant development activity visible on the project's Github repositories for an extended period. No evidence of meaningful enterprise adoption or active usage of the protocol could be found.
Crypto Impact
To assign a comfort level investing in Remme from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Remme.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.