LanceChain will ensure that all fairly deserved earnings of the freelancers will be received. No matter of the charge model, fixed price or hourly based, the funds will be held in advance, before starting the actual work and transferred at the right time when both the business owner and the freelancer agree that the negotiated requirements are met. In case of work dispute, a group of experts will be engaged in the resolution process so the final decision will be determined by their votes in a transparent way, not relying only on a single decision maker.
The blockchain abstraction layer will sit on top of the Centralized API layer. While LanceChain is currently built on the Ethereum Virtual Machine (EVM), we believe the blockchain world is still in its genesis phase and developing technologies will emerge as we pursue global decentralization. In order not to limit LanceChain to a single blockchain technology stack, we will implement a Blockchain Abstraction Layer (BAL), which will allow us to add on additional blockchain technologies, such as Eos and Cardano in the future and even operate across multiple blockchain worlds. While such implementations are not planned for the initial release and the platform will be built on the Ethereum Virtual Machine, having the Blockchain Abstraction Layer will make LanceChain future-proof to emerging technology.
The decentralized blockchain layer will utilize the Ethereum Virtual Machine (EVM) to store immutable, unmodifiable data. Freelancers profiles, job postings, job history, ratings and reviews will be stored on the Blockchain decentralized public ledger. The decentralized blockchain layer part of LanceChain will always be open-source, publicly accessible software. A mechanism will be implemented to allow the freelancers and business owners to choose which personal data to be public.
It is not recommended to store large amounts of data on any blockchain platform - it is expensive and inefficient. Thus, LanceChain will implement a database to store all such data.
We are currently looking into the blockchain solutions for decentralized storage, which are still young and in their early development. Similar to the Blockchain Abstraction Layer (BAL), the Database Abstraction Layer (DBAL) will be used to future-proof the application and add the ability for LanceChain to easily add an additional solution in the future for decentralized database storage, such as IPFS (inter-planetary file storage).
The blockchain technology is a vital and irreplaceable part of the LanceChain platform ideas, believes and success. Utilizing the decentralized and distributed ledger in conjunction with the smart contracts execution will result in a transparent, immutable, manipulation resistant and no single authority controlled processes.
All payments among the parties in the system will be processed with LANC tokens as a result of the cryptocurrency exchange model of blockchain. This will guarantee very fast and reliable transfer of funds, usually in a matter of seconds. Taking the existing FIAT payment processors as an example, they might take up to 48 hours for the transaction to be confirmed, depending on what time of the day the payment was issued and the distance of the sender and the receiver. Moreover, it is relatively easy for an unfair project owner to request a chargeback and trick the freelancer. This is impossible on the blockchain as all the transactions are immutable.
Existing freelance platforms on the market often suspend accounts under ambiguous circumstances, resulting in freezed incomes and inability in accepting new work opportunities. This indeed is a disastrous scenario for people who depend on earning from these platforms, worked hard to build their online professional reputation. Sadly, the same negative effect has been observed for project owners as well, getting the job offer deleted at the end of the recruitment campaign may result in severe delay and expenses. On the flip side of the coin, some may benefit from unfairly manipulated ratings and reviews. Due to the decentralized and distributed nature of the data persistence within the blockchain network crucial information can not be deleted, hidden nor manipulated under any circumstances.
A key feature of LanceChain is our talent recognition and vetting program. The program will allow business owners to delegate to us the time-consuming and sometimes frustrating task of finding and hiring freelancers. By proactive vetting of the experts working on the platform, we will be building a database of pre-selected and time-tested top talent. If the project requires proven expertise we will be able to assist in reaching it.
Careful filtering based on the project criteria, language tests and interviews, soft and technical skills assessment, checking certifications and diploma validity, verifying identity, etc. are just some of the actions we can perform on behalf of the project owner. The outcome will be an index of the best available talent that fits the requirements. The list of suggested freelancers will be backed with all the information generated through the process, plus the expert’s track record and analysis on how they will fit to the project (including costs). This will enable the business representative to do their choices based on carefully selected and validated data. A final round of interviews can be organized and facilitated by us so the business will get a feel of the applicants and hire the best.
To use the service a market competitive fee will be due. The fees collected will allow us to compensate the talent vetters and keep the program running. Differentiator in our offering will be the opportunity of LANC token holders and community members that are experts in various areas to earn additional income by participating in our talent recognition program. In this way the vetting process will be a win-win mоdеl fоr thе соmmunitу and will еnаblе uѕ to еmрlоу vаѕt аmоunt of SMEѕ in assessing the freelancers. Our core tеаm will select the tаlеnt vetters based оn thеir еxреrtiѕе аnd ѕuрроrt them in building аnd executing certification рrоgrаmѕ internal tо LanceChain, lаnguаgе tеѕtѕ, tесhniсаl tеѕtѕ and intеrviеwѕ, еtс. Thе hеаvу lifting will ѕtill bе done by оur соrе tеаm but wе саn all benefit frоm thе еxреrtiѕе оf our соmmunitу. Tо ѕtimulаtе thаt, аѕ ѕtаtеd above, wе will distribute раrt оf the fees gеnеrаtеd tо thе talent vеttеrѕ taking асtivе раrt in thе рrоgrаm.
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