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Altcoinbestcoin 01 Jan 1970 03:00

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What Does LinkChain Do?

LinkChain is all about connecting buyers and suppliers in order to quickly, safely, and easily conduct business together.

Linkchain is THE missing piece in the puzzle for many social media companies.
Take LinkedIn as a prime example: LinkedIn excels in three main areas: Job searches (permanent and contract), marketing and branding, and networking and connections (their original business model).

So, what is the missing piece?

The missing piece is in freelance work – in quickly, safely, and effectively, connecting freelancers, to those that are searching for the services they provide.

And this is shortcoming of LinkedIn.
At present, there are three main reasons that stop these two parties being able to effectively conduct business together:  

  • LinkedIn buyers are limited to identifying 1st and 2nd level connections
  • A search for suppliers could yield 1000’s of results
  • There is no way to verify the supplier or to filter by capability and quality – leading to problems of fraud and opportunity cost, where both buyers and suppliers spend too much time trying find each other.[size]

Because of this, freelancers and buyers tend to look elsewhere; they go to dedicated freelancing sites such Upwork and Fiverr. These are fine of course, except:

They charge up to 20% in fees, and their site audience typically circumvents the website to hire freelancers because of the fees, restrictions, and inconveniences posed by these sites

LinkedIn, Facebook, and Twitter therefore represent a $50 billion untapped revenue stream for suppliers and buyers.

The Solution: LinkChain

LINKCHAIN is a Blockchain-based Platform that enables Buyers and Suppliers to interact and conduct business together on a safe and secure platform.Buyers will be able to quickly and safely search, find, and award contracts to qualified, verified Suppliers.  Buyers mitigate risk as the Supplier’s work will be guaranteed, and the Buyer will have to sign off on the work before payment is released to the Supplier. Suppliers will save a substantial amount of time and energy by only searching for Buyers, who are actively looking to source projects. This will eliminate fruitless ‘fishing’, and exploration expeditions.

The Buyers Solution

Buyers may securely search, filter, save, identify, screen, and award smart contracts to qualified Suppliers. Payments for each project are held in escrow until completion of the project, and will be processed via LINKCHAIN’s own cryptocurrency, LNK tokens. Buyers will input their sourcing requirements and include a percentage match that is acceptable for them. For example, 100%, will only return Suppliers who match their exact requirements; a 70% will match those Suppliers, who meet at least 70% of the requirements, etc. Buyers will rate completed projects from 1-5 and provide a short commentary regarding Supplier’s performance. This rating and review will be immutable, but Suppliers will have an opportunity to comment on the Buyer’s ratings.

The Suppliers Solution

LINKCHAIN Suppliers will save an immense amount of time without the need to send unsolicited spam, and instead only interact with Buyers actively sourcing their projects. A Buyer receiving unsolicited spam messages can now reply with a message explaining: “We only source work through the LINKCHAIN platform. If you would like to be considered for future work please click this link and register to become a LINKCHAIN Supplier”. Suppliers are required to include a link to all their networking and freelancer profiles including LinkedIn, Upwork, Twitter, and Facebook. A Know Your Supplier (KYS) will also be required, which will be contracted to a third-party, fraud verification service.

Linkchain is the next evolution of platforms where everyone is treated fairly and every party from the buyer, seller, and platform administrator gets their fair share.

The LinkChain Platform:
The LinkChain platform will be developed on the Hyperledger Blockchain.

Using blockchain technology will substantially reduce cost, increase efficiencies, and disrupt the freelancing industry.

Roadmap 2018-2019

Token Allocation

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LINKCHAIN is a new Supply Chain startup developing a hybrid blockchain platform that allows buyers & sellers to transact business in a secure fashion. LINKCHAIN provides a real life solution by providing a low-cost, safe and secure environment in which both the Buyer and the Supplier can be sure that if each party satisfies their obligations, they will receive what they agreed to. LINKCHAIN provides a strong revenue and profit model with a low B/E point. Buyers and Sellers can earn staking and mining rewards (Activity Based Mining & Activity Based Staking) by completing key activities such as getting 4 or 5 stars, awarding a project etc. Users are rewarded for holding tokens on the platform. Funds will be held in a third party escrow. If soft cap is not met 100% of funds will be returned to the crowdsale buyers. 19% allocation to crowd and pre-sale buyers is based on current demand and market conditions, and strong demand shown for private equity firms to balance out demand.

Rate Name
BB- Adab Solutions
B+ TraDove
B+ AI Crypto
B+ Elementh
B+ LinkChain
B+ Alt.Estate
B+ Monoreto
B+ European Crypto Bank
B+ Winnest
B+ LivenPay
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