What Is AllianceBlock (ALBT)?
AllianceBlock (ALBT) is a blockchain-based ecosystem that claims to provide the highest industry, compliance, and regulatory standards. As per the whitepaper, the platform seeks to deliver every network partaker a chance to create an ecosystem in a suitable environment and also earn profit from the network development and value appreciation. AllianceBlock aims to interrupt a highly controlled global capital market by applying the Delegated Proof of Stake consensus model. AllianceBlock can be distinguished in the following ways:
AllianceBlock Ecosystem: All the trades between investors, traders, institutions, issuers, and others are executed in a regulated and secure environment.
AllianceBlock Data Layer: Traders, issuers, investors, data scientists, and other actors can collect, exchange, trade, and use data on the layer of data using controlled and compliant data privacy conditions.
AllianceBlock Foundation: The Foundation focuses on setting up institutional nodes in the preferable jurisdictions to create the ecosystem's backbone.
The governance protocol of AllianceBlock focuses on delivering the solution most appropriate to the targeted market. Because the leading customers and traders are controlled commodities from the global capital market, a decision-making protocol is created that aligns with these market preferences. The platform has also claimed to deliver decision-making rights to Institutional Nodes only since they are the platform's backbone (Decision Making Board). Competent and credible entities conduct the compliance and regulatory updates.
ALBT token is native to the platform. The tokens are the primary medium of exchange for assets and services on the platform. Traders, institutions, and data providers pay via ALBT for issuing access to datasets, a new financial instrument, services, and more. AllianceBlock Foundation behaves as a central bank to keep the healthy demand and supply of ALBT tokens in the circulation supply.
History of AllianceBlock (ALBT)
Rachid Ajaja, Matthijs Vries, and I.N.A. Ghaddar are the cofounders of AllianceBlock. They work as chief executive officer, chief technology officer, and chief investment officer, respectively.
