by Nuno Menezes
The distributed ledger technology is now the word of the day. Companies are showing an increased interest in the technology while multiple projects are being developed across several industries. The Freelancing and Outsourcing industry is one of the sectors waiting to leverage its potential by using the blockchain technology. Right now a few projects are looking to use the distributed ledger to disrupt the traditional online hiring methodology.
ALEHUB is one of these new projects that is trying to deliver the next generation platform for the outsourcing and freelancing industry. ALEHUB is building the future of freelancing by developing an innovative platform for hiring specialists with an automated process that uses smart contracts over the Ethereum blockchain to rule itself without human intervention.
The ALEHUB Platform
The ALEHUB platform presents a new concept for an Automated Labor Exchange which will be ruled by smart contracts that will be in charge of managing all the aspects of the parties’ involvement and intervention within the platform.
ALE is a platform specially tailored for project management and contractors search within the IT sector. The platform combines advantages of distributed ledger systems and outstanding project management services. The processes behind the selection of contractors, their work management and the control and mutual settlements are maintained by multilateral smart contracts, which are placed to ensure the safety, reliability and low costs of outsourcing IT professionals.
ALE is a project that is going to modify and combine the advantages of cryptocurrency economics to create a fundamentally new ecosystem – the composite economy. ALE is trying to reinvent the existing financial and legal structure and turn it into a more flexible, congruent system. With this in mind, Ale looks to adapt to legal frameworks as well identify the correct values in most countries when it comes to finding financial agents, storing private data, and offering liquidity. ALEHUB is bound to bring a new outsourcing environment to companies and specialists where trust is not based on an anonymous system but instead based on a system that is fundamentally contrary to anonymity.
ALEHUB’s mission is to deliver the next generation platform for contractors and specialists in the IT ecosystem alike. According to the project’s white paper, “ALEHUB is targeted on the IT field usage and is meant to resolve the issues of project management. ALEHUB has pre-installed sets of Parties classes and Contract classes, specific for each particular industry. Mentioned sets of classes are the open lists, which can be extended in future.”
ALEHUB platform aims to provide ease of access to both contractors and specialists and streamline the hiring processes. It will settle a convenient environment for contract partners, their formal and practical competencies, as well as formalizing terms of fulfillment for specific stages if a whole contract. Further to that, ALEHUB offers a mechanism for adapting the and contracting parties to the ever-changing external and internal conditions of the agreement between the parties involved.
The ALEHUB team decided to develop a new protocol that would keep the format of the already existing real economics contracts, but also include the required processing speed, variety and multifactorial nature of relations as well as it will improve the convenience level in utilization, the trust between participants and give a greater perception of information.
ALE platform will operate under a system of collected fees. Moreover, a consensus will define the amount paid for fees. The economic environment will be ruled by three system tokens which will be in charge of regulating the whole platform using smart contracts that run over the Ethereum Blockchain.
ALETOKEN are the fuel of the ALEHUB platform and will serve to provide investment liquidity and ensure investors receive their share. The token was written under ERC20 and is to be listed at stock exchanges. ALE-TOKENS are limited in quantity by approximately 150,000,000 units. Each of them ensures automated and proportional distribution of ALEHUB project generated profit. This profit will be calculated and distributed among the investors who possess ALETOKEN.
To jumpstart the development of the project, ALEHUB is launching an Initial Coin Offering (ICO) to gather the needed support the development of seven phases of development presented by the team.
The ICO is scheduled to started on May 25, 2018. There are 110,000,000 ALEs for sale. The team was already able to raise $1,750,000 on a Pre-Sale. ALE tokens are to be issued after the ICO depending on the amount of the collected funds at the exchange rate of 3333.33 ALE tokens for one ether. Accepted payments are BTC, ETH, BCC, LTC, and bank transfer.
- 77 percent sale during the ICO
- 11 percent team
- Ten percent referral program, advisors
- Two percent rewards for bounty campaigns and marketing
If you want to know more about the ALEHUB ICO, please visit the project’s official webpage. For interested parties, the ALEHUBE pre-ICO began on May 25, 2018 and will end on June 25, 2018. The main ICO begins July 25, 2018 and will end on September 24, 2018. Prospective investors can join the conversation on Bitcointalk or the official Twitter page.
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