About ALEHUB
The modern economic paradigm has two distinct standalone segments: real classical economy with its current rules, codes of business conduct, records and legislation; crypto blockchain economy that provides means for decreasing a number of intermediaries involved in conclusion, closing and funding the deals, as well as consensus for authenticity of conditions and procedures. The areas of concern in both segments are well known: In classical economy, decision-making is done in a few sectors of financial and state authorities. As a result, the potential to reach a compromise and arrive at a consensus is limited. Financial and legal infrastructures are quite expensive and not flexible. Cryptoeconomics is defined by non-compliance with legislation and recognized values of most countries in the segments of identification of fiscal agents, private data storage and encryption, liquidity and legality of digital means of payment, verification of authorization, skills, etc. ALE Project team believes that now it’s time to bring together best aspects of separate segments in order to get to a qualitatively new level - composite economy. This means a simple integration of rules and customs of existing industries and segments of global and local economies with the new processing and verification capabilities. So it becomes cheaper, simpler, more reliable and flexible.
Features
- Complete match of a protocol with already existing real-life practices of project management in a convenient and user friendly mode;
- Overcome technologic challenges of existing services::
- Technical specifications of low quality due to client’s lack of competence;
- Acceptance procedures issues;
- Imperfect legal provisions covering the responsibility of the Employer and Contractor for partial or full defaulted obligations;
- No coordination between project documentation and financial activities;
- Consensus of parties confidence through the distributed ledger is provided by blockchain, supported by financial assurance and reputational risks via ALE system serving as a neutral intermediary;
- Automatic processes of settlement payments between the parties;
- Unification, acceleration and maximum automation of members verification processes, technical specification and results of work;
- Capitalization of payment instruments, management and control over expenses;
- Quality and reliability improvement of contractor’s agreements and consistency of achieved results;
- Registration of contract terms approval and performance processes in blockchain;
- Payments, advance payments and provision of guarantees by the contracting parties within ALE monetary system;
- Project flexibility - possibility to change terms provided that financial and management decisions consensus is in place;
- Own authentic verification procedure through blockchain record;
- Possibility to have several contracting parties, for example: a tester, receiving inspector, a number of consequent and concurrent subcontractors, certification commission and so on;
- Automation of processes of parties verification, technical specification and delivery-acceptance (Acceptance tests, Qualification, Execution Control, Commissioning, Compliance) both for the Customer and the Contractor; disposition of funds between contracting parties according to the contract terms based on ALE algorithm and ALE electronic contracts execution protocol.
Technical Info
ALEHUB is backed by own blockchain platform ALE, that would be published along with the ALEHUB system release. More technical details are presented in the WhitePaper.
ALEHUB Roadmap
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January 2017
- The idea.
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February - March 2017
- Expertise from specialists in project management. Definition of requirements.
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April-May 2017
- Mathematical modeling.
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June - July 2017
- Formation of the Terms of Reference.
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April 2017
- Partnership with Serokell OU. The beginning of development.
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November - December 2017
- PreSale.
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May 15, 2018
- Publishing MVP.
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05.09.2017 - 05.25.2018
- Bounty.
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05.25.2018 - 06.25.2018
- PreICO.
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07.25.2018 - 09.24.2018
- ICO.
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10.30.2018
- Yellow Paper release
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04.09.2019
- BluePaper release
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02.11.2020
- ALEHUB alpha release
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05.12.2020
- ALEHUB beta release
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08.25.20
- System release, source code publication