Team Dynamics

We've been through some hard time contacting the professor. We've set up meetings with inventors of two patents we decided to cross out. The first one is Robotic Exoskeleton, which is licensed and not available unfortunately, another one is myshake which we found hard to commercialized.  The patent we're finalizing is ORAM technology.

We still haven't heard back from the inventors though we've tried to contacted them several times. So far, we have good collaboration within the team, we distribute tasks to every team member, communicate and share information on Facebook messenger and work remotely on slides together. We meet physically when needed. 

A brief of ORAM and its market

One major problem in the industry now is that organizations and individuals simply encrypt data that they upload to the cloud which is not enough to ensure confidentiality. Without decrypting the data, attackers can recover the information on the cloud storage services. Short for Oblivious RAM, ORAM conceals an individual's access patterns to cloud data, thereby adding an additional layer of security. ORAM can be positioned as a security feature to enhance existing cloud storage services such as the ones by Amazon,  Microsoft, IBM and Google.

While software like ORAM already exist, they are inefficient and require individuals to transfer gigabytes of information in order to upload a few megabytes of data. Some of our competitors in the market secure the data across the entire lifecycle of the cloud, starting with securing the data centers in preparation for migration. As such, solutions to the ORAM problem have not been commercialized, and ORAM technology would be introduced to an entirely fresh market. 

ORAM software can be also offered as a third party service, or can be provided as a service out of the cloud. Companies are currently spending an upward of $5000 per application per year on cloud security features, not even including the cost of human labor.ORAM could potentially reduce the amount of engineers needed, thereby reducing costs. As more companies move into the cloud, the need to secure privacy becomes greater. Hence, ORAM is positioned to step into what could amount to a billion dollar marketplace.