Agrello – Smart Contract Legal Agreements & AI Counselor ICO?
Agrello Foundation is a legal tech startup firm that has decided not to create their blockchain on top of Qtum as it is the custom and instead uses Ethereum. Agrello Foundation had initially selected Qtum but would later change that decision to make Ethereum as their infrastructural foundation of the project.
Agrello Foundation provides and operates up to an Ethereum-based token, as part of the decision to create the system on Ethereum. This essentially means that the application will be backed by an ether platform.
The main objective of this foundation is to help ordinary men create smart contracts that are legally binding without the need of being a professional lawyer or coder. There will be Artificial Intelligence counselors that will guide the clients through their contacts and give them notifications on their legal rights and obligations.
What Is Agrello?
With just a few clicks, Agrello clients can set up their agreement and put them on fleek. What Agrello does is to offer a graphical interface, wizards, and templates, which will enable clients to design legally binding multi-party contracts easily. The terms and conditions will just need a few clicks to be set in place.
The next thing that Agrello does is to translate your agreement to a smart contact code before they are stored on the safe blockchain. The rights, obligations, and payments are then triggered in an automated way according to the user input and the terms of contracts.
A legally binding document is then created in a parallel way. The document is drafted in natural legal English and is digitally signed.
When this document is done, it can then be presented to the court in corner cases if there is a need for a traditional legal action. One good thing about these Agrello agreements is that they are immutable but are open to future renegotiation and adjustment.
According to the Agrello foundation, they provide a solution that enables businesses and individuals to apply smart contracts as an enhancement and substitute to standard paper contracts. This practice was earlier regarded as nearly impossible due to the obfuscated and complicated nature of a better contract technology.
Agrello Technical Aspect
Agrello effectively uses the power of Artificial Intelligence to help clients manage contracts. The Artificial Intelligence counselor will be present to guide the clients through the process of agreement. The counselors will then provide legal rights and obligations.
At all the stages, Agrello will enable its clients to stay in control of their duties and privileges and be in a position to manage and wave them according to the consequences and benefits it presents. Through this process, simple and complex p2p agreements can be orchestrated and automated at just a fraction of operational and standard legal costs.
Clients will be able to realize their vision of legally binding smart contracts with this project from Agrello. For the first time, Agrello allows the use of smart contracts as a safe, legal instrument to streamline your business operations. It also provides an accessible Peer-to-Peer sharing environment.
High-End Business Automation
The smart agreements from Agrello gives clients an opportunity to manage and set up a top-notch corporate business process at a just a portion of the normal costs.
It will also enable them to do the following; orchestrate and automate complex as well as global Just-In-Time production flows, apply code based agreements to automate benefit or cost-based calculations, streamline the allocations of Human Resource as well as salary negotiations, reallocate and rationalize automatically while greatly lowering the bookkeeping and administrative expenses.
These are some of the reasons why you need Agrello.
The P2P Sharing Economy At Agrello
This is an opportunity for contractors, freelancers, and owners of small businesses to formalize short-term and long-term business operations without having to present legal documents.
Why Was It Created On Qtum?
One great thing about Agrello is that it is highly end-user oriented and also seeks to offer a very user-friendly platform. This platform can be run on any type of major devices like tablets and mobile phones. All Agrello users will not be bothered with putting up heavyweight environments and blockchain nodes.
The only blockchain that could allow for this plug-and–play user experience was the Qtum, and that is why Agrello chose it at that time. However, the decision changed and Ethereum was then picked.
This Estonia-based firm works with a purported business case where users possessing no coding skills are given an opportunity to design and manage automated smart contracts. These contracts are then stored and secured on a Qtum-block chain and translated in plain English language. A great opportunity you need to grab.