June 8th, 2017 at 11:46 am UTC · 2 min read
Agrello, a blockchain startup developing “smart agreements” on the basis of AI orchestrated smart contracts, announced its plans today to optimize its system for the Ethereum ecosystem, while remaining compatible with a series of other blockchain stacks.
In its mission statement Agrello declares that it aims to use its technology to allow users “without coding or legal skills to form legally-binding agreements on the blockchain”, and to “streamline production processes through the automation of resource allocation”. To do so, Agrello develops a graphical interface that allows users to assemble contracts, which are then compiled to code, managed, and executed on the users behalf by intelligent agents, based on BDI-software models.
In a blog post explaining the company’s decision, Agrello listed several reasons for its choice to develop on Ethereum, among them the maturity of the Ethereum ecosystem and the continuous efforts by the Ethereum Foundation to overcome regulatory hurdles, stating:
“Operating at the intersection of the legal system, financial institutions and disruptive technologies, Agrello is highly dependent on the establishment of good industrial relationships with the off-chain world. We regard the work done by the Ethereum foundation on this matter as invaluable, and seek to be an active player in the field, lending our hand to promote this effort even further.” (Hando Rand, Agrello CEO)
According to the announcement, Agrello will issue an Ethereum-based token in its upcoming ICO, but plans to remain compatible with other blockchain environments, such as Metaverse, Antshares, Lisk, Qtum, RSK, Ethereum Classic, and NEM.
About Agrello
Agrello, is an Estonian blockchain startup, developing business-ready smart contract solutions. Agrello builds an AI powered graphical interface for the creation and management of smart contracts by users without legal or coding skills.