What Is Alehub?
AleHub is a blockchain-based platform that offers decentralized project management and contractor selection services in the IT industry. The platform combines the benefits of blockchain technology and classic project management service to create a new ecosystem. The ecosystem will be more flexible, compliant to laws and regulations, and will recognize the value of most countries in identification of financial agents, data storage, and liquidity and legality of cryptocurrency payments.
How Alehub Blockchain IT Project Management Platform Works
AleHub aims at decentralizing and democratizing the freelance industry by integrating blockchain technology in its systems. The blockchain technology ensures confidentiality of the project data as access to the information is only granted to users that require the information to fulfill particular contract terms. Additionally, blockchain technology ensures that the system is sustainable and independent from the control of central servers.
The platform uses smart contracts that regulate the entire process from the selection of contractors, verifying the contractor’s competencies, managing their work, control of the project to financial obligations and mutual settlement, which in turn ensures that it is cost efficient, safe, and reliable to outsource IT professionals.
Alehub User-Based platform
Users determine the rules of interaction on the ALE platform and in case of disputes the internal dispute system is responsible for resolving all the conflicts that might arise between contracting parties. The conflicts are resolved in a decentralized manner without necessarily involving the judiciary.
The system is multilevel and involves different number of participants. If the dispute is not resolved by the system, the disputing parties will undergo the legislation process of state defined in the contract terms.
Lack of sufficient skills and resources are some of the factors that hinder the implementation of exceptional ideas. AleHub will solve this problem by providing users with an opportunity to actualize their startup ideas. Due to the token economy within the AleHub system, the project will receive financing and implementation under one platform.
The Ale platform has an internal security token known as ALE. The tokens contain the currencies accepted by the laws of jurisdiction selected by users. The token provides the owners with opportunity to receive a share of the profits accrued from the fulfilled contracts. Token holders will also have voting rights which enables them determine the development of the system.
The platform has simple and intuitive products that handle data, task, and parameters within the systems interface.
Fulfillment Of Obligations:
AleHub ensures that parties involved in contracts fulfill their obligations through measures such as avoiding duality, encouraging responsibility, and holding certain amounts of liquidity from the parties as collateral.
Lack Of Intermediaries:
AleHub eliminates the need for verification organizations in the outsourcing and freelancing industry, which ensures the legitimacy of the relationship between parties on the platform.
Storage of all the platform’s documents on blockchain ensures that the documents are inaccessible and unalterable by unauthorized users.
The system utilized by the platform of holding cash in containers reduces the risk that users face when using cryptocurrencies as payment methods.
Alehub ALE Token ICO Details
Parameters Of The ICO
- Token: ALE
- Token protocol: ERC-20
- Token sale date: 07/25/2018 – 09/25/2018
- Token supply: 110,000,000 ALE
- Acceptable payment method: ETH, BTC, BCH, NEO
- Hard cap: 62815 ETH
- Soft cap: 14276 ETH