The intent of Lawrencium is to create an alternative crypto token for building decentralized marketplace for providing professional digital assets, resources and services that we believe will be very useful for a large class of service providers/buyers. Lawrencium does this by building what is essentially the ultimate abstract factory smart contracts layer: allowing anyone to submit smart contracts for their services where buyers can interaction with smart contracts to purchase their services through by Lawrencium (XLW) Token. Service providers will get benefit of a decentralized marketplace without paying high marketplace fees.
What’s the problem?
Today we have many marketplaces for providing professional digital assets, resources and services but almost all of them has regulations, limitations, high fees. Most of talent people from all around world wants to work as freelance and providing their work (services) to the rest of the world, but many of them has restrict with withdraw their earnings to their country. Another problem is that centralized marketplaces has very high fees (due to their operations) in order operate their systems.
The blockchain industry has evolved from the stage of Proof Of Concept into tangible business opportunities. However, those opportunities are being explored and built in isolation by large enterprises. SME’s and consumers are currently excluded from this revolution, despite the clear benefits of expanding the network to everyone.
Blockchain applications offer solutions that require significant changes to, or the complete replacement of, existing systems. In order to make the transition, companies and consumers must overcome these challenges. Additionally, the range of existing blockchain applications is still limited, composed mainly of wallets, online exchanges, a small number of smart contract services and monitoring tools. Most of these are not user-friendly or widely understood. Likewise, the number of skilled experts and smart contract developers is limited and only now starting to grow. In short, the space is fragmented and in need of a platform that ties these stakeholders and applications together to deliver much greater value for the broader market.
We see the next wave of advancement for blockchain being focused on online ecosystem to bridge the blockchain protocols to mainstream consumers. As the last few decades of innovation have shown, leveraging a network can create the change required to solve problems of this scale. The Lawrencium Marketplace intends to be an essential marketplace for these resources and user applications.
To make this happen, it is essential to catalyze the network effect for smart contract development and deployment. This requires that tools be built for all types of businesses and consumer use-cases. This is what the Lawrencium Smart Contract Marketplace is all about. We will leverage our existing products and services to facilitate a successful ecosystem for providing professional digital assets, resources and services.
One significant example of the problem resides in the global payment world that is still fragmented by applications such as Square, Venmo, and PayPal. We see the need for a truly borderless global transaction network because this is the trend for the flow of business transactions and social payments. With people being far more mobile, where international lifestyles and businesses are becoming the norm, international transfer costs are substantial. These costs are big inhibitions to the lifestyle trend of the global population. This is just one of the real-world problems that Lawrencium is poised to solve.
What’s the solution?
The Lawrencium Marketplace will allow for easy, user-friendly access to blockchain technology — notably smart contracts and decentralized marketplace to providing professional digital assets, resources and services. Lawrencium has built a marketplace platform, that will change the way providing professional digital assets, resources and services and maintained with features like:
- Decentralized marketplace
- Interactions with smart contracts
While some smart contracts will be very technical and highly specialized, many others will not be. Lawrencium marketplace intends to be the decentralized ecosystem for service providers to develop, manage, monitor, upload and sell their work, and for buyers to purchase them. The Lawrencium Marketplace will support application programming interfaces (“APIs”) for 3 rd party apps to integrate with, so that smart contracts can easily be interacted through an ecosystem that enables service providers to integrate their profiles with 3rd parties.
Lawrencium is leading the way in innovation, becoming the go-to-place for decentralized marketplace for service providers to sell their professional digital assets and services. Technology is in a state of perpetual motion, constantly evolving and changing at an accelerated rate. In order to maintain its market-leading position, Lawrencium marketplace will be a dynamic environment, constantly evolving to deliver new concepts and features. Lawrencium believes that blockchain will play an integral role in the near future, forever changing the modus operandi.