Alchemy

Alchemy

INTRODUCTION

Trade on the Internet has come to depend solely on monetary organizations filling in as confided in outsiders to process electronic payments. While the framework functions admirably enough for most exchanges, despite everything it experiences the intrinsic shortcomings of the trust-based model. They ensure resources and set authoritative limits. They set up and confirm characters and annal occasions. They administer associations among countries, associations, networks, and people. They control administrative and social activity. But then these basic devices and the administrations framed to oversee them have not stayed aware of the economy's advanced change. They're similar to a busy time gridlock catching a Formula 1 race vehicle. In a computerized world, how we manage and keep up authoritative control needs to change. Blockchain vows to take care of this issue. The innovation at the core of bitcoin and other virtual monetary forms, blockchain is open, conveyed record that can record exchanges between two gatherings effectively and in an evident and lasting manner. The record itself can likewise be customized to trigger exchanges naturally.

What Exactly is Alchemy

Speculative chemistry is a main digital money payment arrangement and innovation supplier in the Asia Pacific that forces on the web and disconnected vendors with quick, secure and advantageous mixture crypto-fiat payment frameworks and arrangements.

The vision of Alchemy Global Payment Solutions Limited (Alchemy is the brand name of Alchemy Global Payment Solutions Limited while ACH is the Token given by the Alchemy, and is utilized as the condensing beneath.) is to give open-source protocols and quick item advancement stages for the biological system accomplices to assist them with quick, secure, helpful, adaptable and quickly developing worldwide payment arrangements, in view of the decentralization, shrewd agreements and accord instruments from blockchain innovation.

Through the rich encounters of Alchemy and its eco-accomplices in portable payment applications, the group is certain to lead the payment business' innovation application in the blockchain period and to utilize the arrangements where the conventional payment is well known with dealers.

VISION

Speculative chemistry envisions that supported by decentralization, savvy agreements and accord system of blockchain, Alchemy would empower payment industry players to grasp the new time of payment innovation by completely using a progression of open-source protocols and open R&D stage to improve the effectiveness of cross-fringe payments; to give dealers and clients a quicker, progressively secure, increasingly advantageous, and progressively adaptable worldwide payment arrangement.

Objective

The Goal of Alchemy is to plan the payment protocol through network agreement, to manufacture a decentralized, trust controlled framework, to speed up the infiltration of digital currency into our day by day life; and above all to restore the privileges of payment to the shippers, the client, and the market.

One of the most crucial issues of customary payment systems is that legitimate FIAT monetary standards are the elite alternatives for exchanges. This at that point enables brought together organizations to hold control over the clearing and settlement forms.

As a decentralized open biological system, the Alchemy payment system gives access to different resources that can be sold, including however not restricted to different cryptographic forms of money, tokens, credit payments and purposes of credit specialist organizations, different types of computerized resources, and fiat monetary standards; at last opening up alternatives for exchanges and not restrain them to one single type of cash. We accept clients and dealers reserve the privilege to pick which cash to use for payment and repayments.

Technical Features

Speculative chemistry payment agreement protocol can be conveyed consistently on different open blockchains to empower the acknowledgment of any digital forms of money.

Adaptable payment models accessible to help industry needs, including PULLPAY (shipper to check client) to meet an assortment of membership-based and repeating payment demands.

Bolster scaling arrangements, for example, Lightning Network, Raiden Network, State Channel Network just as Cross-Chain Payments.

AI and AI to alleviate misrepresentation hazard and improve the security of the system and dynamic procedures to fence deterioration danger of cryptographic money cost.

ROADMAP

• Q1-Q3 2019

P1: Smart POS integration for accepting payments in cryptocurrency

P2: Payment acceptance on Lightning Network MVP

P3: PULLPAY MVP

S1: Offline payment acceptance solutions for cryptocurrency

S2: Merchant POC for offline payment acceptance

• Q4 2019

P4: Magento, WordPress, WooCommerce, Prestashop, Opencart, Zencart, etc. Shopping Cart Payment Plugin

P5: PULLPAY V0.5

P6: Bitcoin P2P Purchase APP v0.5

S3: Merchant POC for online payment

S4: Online digital entertainment solutions v1.0 is released

• Q1 2020

P7: Alchemy Hub v0.5 is released ( support Raiden Network and State Channel)

P8: Alchemy Hub APP V0.5 is released ( support Raiden Network and State Channel)

P9: Bitcoin P2P Purchase APP v1.0

P10: PULLPAY V0.8

C1: Community working group of Alchemy consensus protocol is establishedC2: Alchemy Consensus Protocol v0.5 is released

• Q2 2020

P11: Alchemy Hub v1.0 is released

P12: Alchemy Hub APP v0.5 is released ( support PULLPAY)

P13: PULLPAY V1.0

S5: Online digital entertainment subscription PULLPAY solution

S6: Merchant POC for online digital entertainment subscription PULLPAY solution

• Q3 2020

P14: Alchemy Hub v1.5 is released

P15: Alchemy Hub APP V1.5 is released

P16: PULLPAY V1.5

S7: Multinational centralized payment acceptance solutions

• Q4 2020

P17: Alchemy Hub v2.0 is released

P18: Alchemy Hub APP v2.0 is released

P19: PULLPAY V2.0

S7: Alchemy Consensus Protocol v1.0 is released

• Q1 2021

Cooperate with business development, continue to iterate related products, solutions and Alchemy Consensus Protocol

The actual distribution is found below:

Alchemy Team: 18%

Private placement and IEO: 18%

Ecosystem Incentives: 5%

Consulting Fees: 2%

Network mobility: 6%

Mining (Payment rewards): 51%

ACH Distribution

6%: Network Mobility

2%: Consulting Fees

5%: Ecosystem Incentives

18%: Alchemy Team

51%: Mining (Payment Rewards)

18%: Private Placement & IEO

Distribution of Funds

Security: 5%

Policy : 10%

Operation: 10%

Marketing: 10%

Alchemy Fund: 25%

The Team

Patrick NGAN: CEO

Bin LIU: Partner / Project Management

Janet KIM: Partner/Strategy

Shawn SHI: Partner/Products

Lance XU: Partner/Operations

Technical Team

Chuan LIANG: Director of Payment Technology

Huarong NIU: Director of Communication Technology

Kai WANG: Director of Blockchain Technology

KT SOH: Head of Singapore Technology Team

Ryan TIPONES: Head of Philippines Technology Team

Kim-Aun GAN: Head of Thailand Technology Team

Business Team

Judy LI: Director of Strategy & Operations

Erica LAM: Director of Business Development

Angie LI: Head of North Asia

Glen LEONG: Head of SE Asia

John TAN: Head of Key Client Servicing

Consultants & Investors

Dr. Justin ZHAN: Scientist of Big Data and Cryptography

Sean MOSS-PULTZ: Scientist of Blockchain Security

Yan MU: Well-known Entrepreneur

Seema Khinda JOHNSON: Scientist of Blockchain Security

Natasha LV: Senior Compliance Expert

Alan TIEN: Product Innovation Expert

Kai Yee GOH: Cross-border Remitttance Expert

Lin LI: Strategic Development Expert

information

WEBSITE: https://www.achpay.org/alchemy_english.html

WHITEPAPER: https://www.achpay.org/static/files/V3.8_WP-E_Alchemy_20190906.pdf

TELEGRAM: https://t.me/alchemy_official

MEDIUM: https://medium.com/@alchemyGPS

AUTHOR: https://bitcointalk.org/index.php?action=profile;u=2688240