Sentinel Chain

Overview

Sentinel Chain was launched in 2018 as a blockchain-based platform aiming to provide financial inclusion for the unbanked by tokenizing livestock as collateral. The project's stated purpose was to help farmers in developing countries access financial services by using their cattle as collateral through blockchain verification.

Purpose and Utility

The intended use case was to create a system where farmers could register their livestock on the blockchain, have it verified by local partners, and use this digital representation as collateral for financial services. SENC tokens were meant to be used for platform fees and governance.

Current Status

As of 2023, there appears to be no active development or significant real-world implementation of the Sentinel Chain platform. The project's social media accounts and official communications have been inactive for an extended period. No evidence was found of the platform being actively used for its intended purpose of livestock tokenization.

Platform Development

The project's GitHub repositories show minimal to no recent development activity. There is no evidence of ongoing technical maintenance or feature development.

Token Distribution and Governance

The initial token distribution included allocations for the team, advisors, and early investors, with vesting periods. However, due to the project's current inactive status, the current token distribution and governance structure cannot be accurately assessed.