What is Acorne.io?
Acorne is an industry-disrupting protocol that aims to introduce user-oriented solutions to DeFi. In essence, Acorne secures transactions by providing a decentralized process that is fully controlled by the parties involved.
What problem are we solving?
- Payment security is essential in DeFi due to the irreversible nature of transactions in blockchain.
- One-way transactions are secured by the blockchain by nature.
- Two-way transactions are not programmatically secured and leaves both parties to plain trust to fulfill their end of the transaction.
- Common consumers lack a platform for conducting common two-way transactions (e.g., purchasing goods online, OTC markets, payments for services) in the DeFi space.
Our Solution
A decentralized protocol where users can secure two-way transactions on-chain. With Acorne.io, users maintain full control over protocol interactions with no need for third-party intervention to complete transactions. If the transaction is unable to reach completion, a conflict resolution process is available for resolving issues.
Not the first, definitely the best.
Existing solutions are functional, but not ideal. Known escrow protocols are often built as one-time use contracts and others that attempt a different process run into other issues such as scalability and extendability.
Acorne is built with a central contract at its core. The main Acorne contract stores transaction data and implements permanent safeguards to ensure that each Acorne transaction is fully secure. External contracts deployed by Acorne utilize the main contract, carrying on its security features. The beauty of this structure is that all subcontracts deployed for specific solutions do not endanger the security of the base protocol.
Through this, the Acorne protocol is infinitely scalable, fully reusable, and inherently secure.
Our Roadmap
The Market
By the end of 2023, the Global Freelance Market is expected to reach $455 billion. By 2027, it is expected that freelancers and contractors will make up the majority of the workforce. Needless to say, this is a growing industry.
Because of the increasing popularity of freelancing, platforms like Upwork and Fivver are seeing exponential growth. In 2021, over $3.5 billion in payments flowed through Upwork alone netting them $462 million in revenue (13.2%).
How do businesses like Upwork or Fiver make their money? Primarily by taking a relatively large cut (up to 20%) of the freelancers’ earnings.
What if there were a way to ensure both parties were protected without having to pay large cuts to middleman platforms?
Get in touch
We’re always keen to discuss ways to further improve our systems. You can get in contact with us via our Twitter.
