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Blockchain development firm Adel has announced plans for a month-long ICO starting in March 2017. The scheme will consist of stakeholders, registered community members, staff, the Project Review Committee and the Adel Board.

The aim of the ICO is to “create an ecosystem of innovative projects” in which members can participate, mentor and improve. The scheme hopes to offer an alternative to traditional venture capital funding.

Built on the Nxt blockchain-as-a-service platform, Adel acts as a self-regulated, self-sustained group. Successful ventures will be developed and issued as rewards to Adel stakeholders, who will also have an opportunity to introduce use cases for blockchain technology.

“We’re lucky to have this opportunity to introduce Adel to the evolution of blockchain technology,” says Gabriel Dusil, Co-Founder and Board Member for Adel. “Our research team has identified an exciting untapped market opportunity: providing parties interested in innovation with a community-based infrastructure to participate in long-term projects. By leveraging the emergence of blockchain as a service, we created the Adel ecosystem so that participants have a collaborative platform to initiate, develop, showcase and fund their innovations.”

Jan Lamser, Co-Founder at Adel, adds: “There is a lot of energy and diversity amongst entrepreneurs in the FinTech industry who are looking for ways to harness blockchains. All too often, traditional approaches to mobilising resources miss out on the potential of startups. Adel provides a forum of like-minded parties who understand these needs.”

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