AllianceBlock Fundamental Analysis

Kickstarted its operations in 2018, AllianceBlock’s Token Generation event was held in September 2020. The basic vision of this firm of European origins is to exploit the benefits of both decentralized finance and centralized finance. They believe in building connections with their consumers by transforming digital resources into bankable products. With the increasing use of blockchain assets and trending online transactions the services of Alliance Block would be a new milestone.

What is AllianceBlock?

AllianceBlock is working towards revolutionizing the future of finance. AllianceBlock tends to bridge the gap between decentralized and centralized finances so the advantages of both can be obtained.

The design of AllianceBlock protocol is to showcase the importance of incorporating technology in traditional financial practices. This does not only incorporate the technology but gives us the opportunity to facilitate offerings of both spaces i.e. decentralized finance and traditional finance.

Emphasizing exploiting the benefits of both decentralized and centralized finances, however, AllianceBlock is itself a decentralized finance protocol and their primary target is to make crypto mining easily liquid for their users. Many crypto partners are coming on board with AllianceBlock in order to use their offerings, which will simultaneously bring value to the token owners.

In the longer run, AllianceBlock aims to develop a platform where decentralized finance can be used in a technologically, legally, and globally compliant manner. Making the flow of billions and billions of dollars easy from traditional finance to decentralized finance and making decentralized finance accessible for all.

AllianceBlock Products and Offerings

The times we live in are called the big data world. AllianceBlock understands how rapidly and constantly decentralized finance is changing and growing. So, they are working to develop usable and sustainable products and offerings as soon as possible. In order to assure sustenance, they are developing a protocol that is capable of hosting both DeFi and TradFi. The products of this protocol can be categorized under three basic categories;

1. Regulations and Compliance

2. Data

3. DeFi Technology

Regulations and Compliance

The products being developed under this flag are aiming at the transparency and safety of a transaction. There are two different products being developed. The first one is called Cross Border Regulatory Compliance Rule Engine. As the name suggests this rule engine will help consumers comply with international rules in a more effective way than ever before.

Other products being Trustless KYC/AML and Identity Verification, which will mitigate the risk of identity and data theft related to fintech transactions and dealings. Users will verify their identity in a trustless manner while retaining control of their shared information and data.

DATA

AllianceBlock knows that we live in the world of big data. So making data accessible for every user is also one of the goals of the AllianceBlock. They plan on developing two products for ensuring the availability of the data and analysis of any given data necessary for financial transactions. On-chain Investment Data API this work-in-progress product is being developed for making innovative decisions and to formulate more profitable trade in light of all the data available. The main users for this product will be DeFi and TradFi firms.

The other project of this category is Data Tunnel, it will make it simple for anybody to distribute, adapt, use, and dissect data through the Ocean marketplace. This could be utilized by TradFi and DeFi firms trying to distribute and adapt data, just as clients, without any problem.

DeFi Technology

The decentralized finance services are the core offering here at AllianceBlock. The incorporation of technology for lending, borrowing, and investing purposes is what is required most by financial users. Compliant with P2P and NFT, this is the structured funding and lending platform against real-world assets. This does not only make financing and lending easy but also bridge the gap between DeFi and TradFi by digitizing loans through leveraging real-world assets like jewelry and lands and turning them into marketable Non-Fungible Token (NFT).

The significance of real-time and accurate information for any financial testing, decision, and risk analysis cannot be undermined. Thus AllianceBlock is developing terminals like DeFi Investment Terminal and Derivative and Structured Product Pricing Engine and Risk Analytics; these will make usable blockchain data accessible and available for users and DeFi/TradFi firms. This information and data can then be used for piloting strategies and help make the mining of digitized tradable liquid as smooth as possible avoiding any risks or losses.

The development of Decentralized Bridge will allow using AllianceBlock across multiple chains and firms. As AllianceBlock is chain agnostic and can work parallel across a number of chains.

ALBT Tokenomics

ALBT tokens are the main pillar on which the ecosystem of AllianceBlock is standing firm. ALBT token is the primary channel of exchange between network participants. Tokens are traded openly between clients if there is no compelling reason to secure them a savvy contract for more than an hour to trade ALBT tokens for a resource or administration. This transaction will include:

• sending a token from wallet to wallet

• paying network fees for operations on the platform

• paying fees for data queries from data nodes

The total supply of tokens is 1 billion while its current fully diluted market cap is $360 million at the current price of $0.36/token. ALBT token distribution is as below:

• Team 9%

• Advisors 6%

• Ecosystem and Treasury 45%

• Nodes 15%

• Partners 5%

• AllianceBlock Fund 5%

It is pertinent to note that its private sale was 12x oversubscribed.

The Takeaway

In today’s modern times, problems like pandemics and increasing money laundering have disturbed the whole global marketplace. It required governments all throughout the planet to make significant measures of new currency rapidly. Governments and users throughout the globe have this need for financially secure yet regulated transactional channels. However, the problem arises in understanding how digital currency will be used. Is there a clear link between usage of the platform or service being built and the asset? So, working on the vision of safest digitized transactions and mitigating risks of traditional finance ALBT is something near to usable alternate currency. Many of AllainceBlock’s features are in the development phase and there is much more to be done in order to make digital finance usable and accessible for everyone.