Bitwage’s New Platform To Build Trust Between Employers & Employees

UK payment gateway Bitwage has announced the launch of a new platform that will enable its clients to know more about their oversea employees. This, Bitwage says, will improve the level of trust between employers and employees who are varying distances apart.

What is “My Employment”?

In a press release issued on Friday, September 23, 2016, the Founder and President of Bitwage, Jonathan Chester said that “My Employment” is a payment-verified professional profile that allows workers to port reputation fr om freelance marketplaces and directly from the clients they work with, to build trust and acquire new international clients.

Says Chester:

“By showing potential clients payment-verified information, all of which, besides payments staying in a single currency, can additionally be verified on the blockchain, freelancers and contracting companies can prove they worked for the companies they claim to have served as well as to show how much other clients have valued their work”.

The original problem

Chester claims that the Bitwage invoicing solution allows workers to free their wages by giving them the ability to choose how they would like to receive their wages.  Whether they want to receive faster, cheaper international wage payments or if they would like to receive part of their wages in alternative forms of value, such as gold, silver or other digital assets, “Bitwage enables the workers to have the choice”. Chester says. However, he further explains that it turns out that customers of Bitwage, the workers, freelancers and contracting companies, have also had the problem of getting more clients.

Chester explains that for international workers, for instance Brazilians, trying to acquire new clients across borders, for instance in the United States, often run into trust issues.  The US customer has no way to trust or verify the value of the Brazilian freelancer’s unverified resume with names of universities and employers that no one in the United States even knows.  So instead, the freelancer goes to a freelance marketplace wh ere they will pay up to 20% of their wage to increase a reputation that gets stuck on that platform.

Proof of data

Chester tells Coinidol.com that “My Employment”, by showing potential clients payment-verified information, all of which, besides payments staying in a single currency, can additionally be verified on the blockchain, freelancers and contracting companies can prove they worked for the companies they claim to have served as well as to show how much other clients have valued their work. 

Chester concludes by assuring that all user data is kept private and only used as described in the Cookies & Privacy policy of Bitwage.