Benefits

Why should professionals use Chainlancer?

Unfairness: The traditional arrangement between contractors and clients is fundamentally flawed and simply unfair. Developers push their work to a private, client-owned repository, where they may be removed at any time without payment. This potential for disputes leaves developers facing a difficult choice: resort to an expensive centralized escrow service or pursue legal action, which is often more costly than the payment owed. With Chainlancer, users push their work to a decentralized distributed datastore as an encrypted bundle, which is then decrypted and delivered upon full payment.

Chargebacks: Chargebacks pose a significant challenge in the traditional gig industry for contractors who strive to deliver quality projects to clients. A chargeback occurs when a client disputes a payment made to a contractor, often resulting in the reversal of the transaction and a return of funds to the client. Blockchain technology underpins Chainlancer's platform, ensuring all transactions are transparent, immutable, and secure. This transparency reduces the likelihood of disputes, as both parties have a clear understanding of the terms and conditions of their agreement. Cryptocurrency payments further reinforce Chainlancer's ability to prevent chargebacks. Unlike traditional payment methods, such as credit cards or PayPal, cryptocurrency transactions are irreversible once confirmed on the blockchain. This characteristic eliminates the possibility of chargebacks, as clients cannot dispute and reverse a payment after it has been made.

Trust: Establishing trust in the freelancing world can be challenging for both workers and clients. Chainlancer's transparent and secure platform fosters trust among all parties involved in a project, enhancing collaboration and promoting long-term working relationships.