AllianceBlock Partners with PAID Network Increasing Efficiencies Through SMART Agreements
AllianceBlock is excited to announce a partnership with PAID Network, the borderless SMART Agreement toolkit that aims to streamline business agreements and make business exponentially more efficient.
This partnership will see the two projects co-ordinate and share technology. PAID Network will utilize AllianceBlock’s Liquidity Mining as a Service (LMaaS). This will let PAID Network take advantage of LMaaS’s ability to provide multiple pools across the likes of Balancer, Uniswap, and Binance Smart Chain, with more AMMs launching soon. Furthermore, PAID Network will integrate AllianceBlock’s lending, borrowing, and investment protocol to further the scope of its own raising platform. By using AllianceBlock’s compliant protocol, fundraises can be broadened to include NFT loans backed by real assets, providing investors with more options.
PAID Network will also provide back office business agreements, creating customized SMART Agreements for AllianceBlock that will be used to sign future liquidity mining agreements. PAID Network’s SMART Agreements are a new form of legal contract that enable users to easily create, understand, and sign smart contract based agreements. In the event of a dispute, arbitration is handled through PAID Network’s dispute resolution system.
As part of the partnership, the respective development teams will work together towards the end of Q1 2021 to determine an implementation strategy.
Rachid Ajaja, CEO of AllianceBlock, commented: “Our liquidity mining program is a key part of our protocol, and it was designed to be integrated by other DeFi projects. In doing so, we further the reach of the AllianceBlock protocol, and we create value for ALBT holders. PAID Network is attempting to revolutionize the legal sector, similar to how AllianceBlock is disrupting the financial space, and we are excited to be partnering with them.”
Kyle Chassé, Founder and CEO of PAID Network, added: “We’re always looking for exciting new partnerships to enhance the experience on our platform. The collaboration between AllianceBlock will certainly meet that standard, as the integration of their borrowing and lending platform into Ignition will open up a plethora of options for those in our respective ecosystems. We’re confident that the union of AllianceBlock’s liquidity mining as a service, pooling and PAID’s SMART agreements specifically targeting liquidity mining will bring substantial value for both the AllianceBlock and PAID communities.”
About PAID Network
PAID Network seeks to redefine the current business contract, litigation, and settlement process by providing a simple, attorney-free, and cost-friendly DApp for users and businesses to ensure they #GetPAID. Leveraging Plasm to operate on both Ethereum and Polkadot ecosystems, SMART Agreements built through smart contracts execute DeFi transactions and business agreements seamlessly, making business exponentially more efficient.
About AllianceBlock
AllianceBlock is building the first globally compliant decentralized capital market. The AllianceBlock Protocol is a decentralized, blockchain-agnostic layer 2 that automates the process of converting any digital or crypto asset into a bankable product.
Incubated by three of Europe’s most prestigious incubators: Station F, L39, and Kickstart Innovation in Zurich, and led by a heavily experienced team of ex-JP Morgan, Barclays, BNP Paribas, Goldman Sachs investment bankers, and quants, AllianceBlock is on the path to disrupt the $100 trillion securities market with its state-of-the-art and globally compliant decentralized capital market.
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