Pentonium Partners with Alchemy to Build a Decentralized Freelancing Platform

Elan Halpern
September 22, 2021
Amplify

Decentralized freelancing platform Pentonium has selected and implemented Alchemy for the development of its DAO-structured, peer-to-peer (P2P) work community. Using the power of blockchain technology, Pentonium is creating an online freelancer community that is autonomous and impartial while remaining highly resistant to data manipulation.

As is often the case in the current centralized freelancer model, the client is favored over the worker due to a funding structure that takes a commission from the client. Regardless of who is in the wrong, the platform stands to lose more if the client chooses to leave rather than if the freelancer does. For this reason, if a work dispute arises, the platform is likely to be biased toward a lucrative client over an individual freelancer. As a decentralized app (dApp) with entirely transparent governance, Pentonium can eliminate instances of bias, achieving straightforward and equitable dispute resolution in an autonomous fashion.

“Only a platform with fair and transparent dispute resolution can attract highly skilled service providers, which centralised platforms like Fiverr and freelancers.com lacks,” says Rupak Kumar of Pentonium. "We are looking forward to resolving these issues and leverage Alchemy’s best-in-class platform to hit our user demand goals."

Pentonium further solidifies its commitment to customer safety and anonymity through decentralized identity and access management that allows password-less authentication and verification. While a few blockchain-based competitors have already tried to enter the freelancer space, Pentonium goes one step further to provide P2P chat services, Decentralized Identifier (DID) authentication, and Private Jobs. With instant payments, no registration, and no risk of account manipulation, you get the full power of a truly fair, anonymous, peer-to-peer freelancing platform.

How Alchemy Is Helping

As the world's most powerful blockchain development platform and one of the most reliable node providers available, Alchemy was the obvious choice for Pentonium to facilitate the continued growth of its platform. With over 70% of top Ethereum applications already powered by Alchemy, its world-renowned reputation and hands-on support are famous within the blockchain community.

"Alchemy is excited to partner with Pentonium and help them achieve their goals of building a truly decentralized and autonomous freelancer network. Projects such as this help to exhibit the true power of blockchain and the value it can provide to the freelancer industry that requires a high degree of fairness and autonomy." - Elan Halpern, Co-creator of Alchemy Amplify. 

Beyond node support for its dApp, Pentonium will also use Alchemy products to provide its customers with notifications regarding order status, project acceptance, milestone delivery, and payments. In time, Pentonium hopes to grow beyond simply a freelancer platform to a service provider upon which users can build their own employee portals; Alchemy can help them achieve this. Pentonium Cofounder and Product Manager Rupak Kumar envisions the project eventually evolving into a single point of contact for freelancers and clients alike, encompassing a wide range of services that support the independent employment and job listing community.

About Pentonium

Founded by a strong team of experts with years of experience in product design, security analysis, and software development, Pentonium is dedicated to its mission of building a powerful, decentralized freelancer environment. With job listings as the key feature, Pentonium offers several additional services designed to improve the freelancing experience, including a dispute resolution community, escrow service for instant payments, and a Skynet-powered P2P chat server.

About Alchemy

Alchemy provides the leading blockchain development platform that powers millions of users for 99% of countries worldwide. Our mission is to equip developers with the fundamental building blocks they need to create the future of technology and lower the barriers to entry to allow them to build blockchain applications more easily. Alchemy currently powers 70% of the top Ethereum applications and over $30 billion in on-chain transactions. 

Interested in building your own blockchain app? Sign up with Alchemy for free, check out our documentation, and for the latest news, follow us on Twitter.

More articles