LANCECHAIN - Ethereal Based Platform for Freelance Jobs
The show economy, part of the job market where short to medium term projects are given to freelance workers, is booming. Freelancers account for about 1.4 billion in the output of the American economy in 2017, up 40% in 2016.
Clients and contractors can be found in "Gig Economies" primarily through online portals like Upwork.com or Xing.com, which have now reached a high profile, especially in German-speaking countries. Mediation between entrepreneurs and freelancers in portals specializing in this market, however, charges a fee, sometimes up to 30% of the agreed amount of benefits. Also in short term jobs are often inevitable. The quality of the work delivered does not match the agreed performance, the payment is postponed or actually suspended. This often results in unauthorized blocked accounts, which can result in greater financial loss for the injured party.
The Lancechain.com project aims to build a comprehensive yet easy-to-use portal for entrepreneurs and freelancers with the blockchain-based Lancechain platform. And at no cost.
The Lancechain.com Platform
The Lancechain platform enables freelancers and potential clients to connect with maximum cost effectiveness for both parties. So Lancechain requires - unlike the competition in the market - no agency costs. This is where the main benefit of Lancechain is the use of Blockchain, which has provided transparency and security with design, greatly simplifying the time-consuming and costly transitions required by popular portals.
The following graph illustrates the difference between a classic mediation portal on one side and Lancechain.com on the other:
Conventional portals not only mediate but actually act as mediators. For example, payments are often processed through a portal. It receives money from the client and transfers it to the contractor. In addition to pending payments, freelancers often incur additional costs if the customer's national currency does not match the freelancer, for example from USD to EUR.
Payments are made in Lancechain directly between client and freelancer, usually directly in the currency of the platform itself LANC. After Blockchain is used here as already mentioned, transfers occur by default in a few seconds, fees for currency exchange or similar. totally eliminated The recipient of the freelancer earns his money not only much faster but if necessary also immediately transferred to the stock exchange and possibly against Bitcoin, ET and co. exchange.
Rather than relying on high brokerage fees, Lancechain.com offers freelancers and entrepreneurs a range of optional features, which are briefly described below.
Top talent - find the right freelancer
Searching for the appropriate freelancers is very time consuming, especially for companies that are not experienced in this field - and unfortunately initially often does not work. Lancechain offers an opportunity here to take over this time-consuming search for each client and search for the most suitable freelancers.
The top talent base is achieved by the proactive free marketers registered on the platform. So Lancechain has gradually created a comprehensive database where freelancers are categorized. If an entrepreneur is now searching for a certain constellation such as "speaking Russian and can AngularJS", the most suitable (and currently free) user can be determined in a targeted manner from this database.
In addition to proactively categorizing freelancers, Lancechain offers the opportunity for users to get certified and demonstrate certain skills. The employer is provided with additional security so that the selected contractor actually brings the skills expected of him / her. Freelancers, on the other hand, are given the opportunity to emphasize their ability profile better and, if necessary, to raise market prices.
Dispute resolution in case of contract issue
The performance economy is dominated by most short phases - but all the more intense project phases. If the employer is not in accordance with the work submitted or late for payment, disputes are usually unavoidable. Lancechain offers an opportunity to act as a mediator in the case. For this purpose, the so-called "Decentralized Expert Team" was developed. The team consists of a "Master of Essentials" who, in the case of disputes, can solve problems in a qualified manner and can, for example, evaluate completed work.
If the freelancer wishes to participate in the settlement of the dispute, they may apply as a Material Master for their area of expertise. Communities (consisting of all LANC token owners) can increase the number of casual workers to Subject Subject status. In addition, Lancechain also selects freelancers for certain skill profiles and offers subject matter Expert status. If a dispute occurs, the Decentralized Experts Team is formed from the Lesson Expert, who is considered an expert for each dispute and then tries to resolve the dispute.
If Lancechain acts as a mediator then a fixed fee will be charged. This should prevent disputes from being misused and, for example, used as a means of pressure between the parties in the dispute.
Project Management as a Service
Above all IT projects stand and fall with good project management. Finding good and most importantly, experienced project managers are often difficult, diverting this activity to external, specialized project management, consulting firms difficult to finance, especially for small businesses. For this reason, Lancechain offers additional features: "Project Management as a Service". Lancechain builds a collection of certified and experienced project managers who can be ordered by the company as necessary and offer project management services as a service.
The Lancechain Token
As a utility token, Lancechain uses a tobacco-based LANC token (a total supply of just under 97 million). The use of this token mainly guarantees that the transfer of payment services can be made without charge.
However, those tokens have some unique selling points other than pure payment functions. For example, token owners can participate in the best talent evaluation, where they in turn receive additional tokens in return for their workload. Also, the token owner may participate in the dispute settlement by allowing certain freelancers to become Master of Materials.
In addition to the pure payment function, the tokens fulfill ticket functionality to the broad and challenging community features of the Lancechain platform. Here are the details of the token summarized:
Team behind Lancechain.com
The Lancechain.com team has more than 10 years of experience in using a variety of freelance platforms and familiarizing clients and freelancers. This experience also laid the groundwork for the idea of launching Lancechain.com: Freelancing should be as easy as possible, at no additional cost and as challenging and light as possible.
One of the team's core competencies is software development. In addition to major technical disciplines such as classic development activities and software specialist architecture, sales and marketing, the team also consists of experienced project managers who will offer their knowledge in the program "Project Management as a Service".
If you want to know more about the team, you can access individual team members' history ( https://lancechain.com/#team ) via the homepage, each with linked LinkedIn profiles.
Starting from ICO and roadmap
Present from LANC-ICO will start in February 2018. ICO rounds 1 and 2 will start in March and April 2018, with the bonus of ICO declining massively from lap to lap. Therefore, potential investors should invest as soon as possible. Below is a summary of ICO detailed data:
Both the whitepaper and the homepage contain a roadmap (https://lancechain.com/#roadmap) project. The heart of this roadmap - of course, in addition to ICO - the token launch in Bursa, planned in June, and the launch of the actual Lancechain.com platform in the fourth quarter of 2018. From this point on, freelancers around the world offer a platform and if need to receive directly. It will also be a preliminary injection for the evaluation of user talent and, in case of case, that dispute resolution. Lancechain is planning an early adopter program to immediately win clients and freelancers for the platform.
The first user of the platform receives 10% of the project value as a reward. This means: If the 1000 € project is successfully handled through Lancechain.com, the freelancer will receive 1100 €, the client will pay in return only 900 €. The 100 € payment takes the form of a LANC token, which Lancechain.com has ordered exactly 10% of the complete token inventory (totaling just under 9.7 million tokens.
Summary and Outlook
Generation Y is said to want to live without being tied up. This could be one of the reasons why the show economy is thriving and, according to market analysis, will cover more than 50% of all work over the next decade. Various platforms have taken advantage of this trend and provided freelancers to potential bosses - at horrendous costs.
This is precisely where Lancechain came in and used Blockchain to develop a manageable platform without this horrendous cost and, in return, offers extensive features such as talent databases, "Project Management as a Service" and innovative dispute resolution concepts. The project uses the LANC in-house token, which is also used as a community tool in addition to the guaranteed toll-free payment functionality.
What I found very impressive - of course, besides the idea of the project itself - above all whitepapers. I rarely read clear, clearly structured and most important, coherent white papers. Here you may also notice the team background, which mostly comes from software development and project management. The key factor in the success of this project, in my opinion, is whether the team will successfully promote Lancechain.com. White paper has a separate chapter on marketing strategies, where the most important planned advertising actions, such as targeted marketing through social media and contextual marketing, are discussed in detail. Also, the Early Adopter program has created a way to tie customers to the portal early, at a relatively low cost. To me, this shows that the team is fully aware of the key success factors and will do everything with their power to achieve its intended purpose: to facilitate out of control worldwide, exciting, challenging but free of charge.
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