Freelancing is one of the most common forms of employment in the modern job market. It attracts both full-time and part-time workers, and the beauty is the choice of working hours. You can, for example, work your 9-5, and in the evenings or weekends for a bit of extra income, work a side-gig. The market at this point is worth $3bn USD, showing a huge space to work out of. However, there are a number of faults in the market. Coinlancer hope to overcome some of these issues.
Primarily, freelancing encompasses all trades, and mostly serves within the digital goods and services space. The problem is, there are few platforms where buyers and sellers of freelancing services can come together to prosper. Traditional platforms such as Fiverr and Freelancer charge exorbitant fees for use of the service, often as high as 20%. This depresses the market, and pushes out would-be-entrants who don’t want their income slashed.
Disputes are often handled by interns or low-paid workers, and are paid on a low income. This leads to many problems with disputes, in an industry which is almost 100% based around having multiple revisions during the project pipeline. Then there is the issue of unsecure payment platforms. Some services do operate an escrow service, but when this is missing from many platforms, buyers and sellers alike suffer from the potential of scamming.
But what relevance does the Blockchain have to do with this?
CoinLancer believe they have the answer. By offering a freelancing plaform which is based on the Blockchain,
CoinLancer will slash transfer costs, reducing the service cost from as high as 20%, to just 3%. Blockchain technology will also remediate the dispute process, via a “Freelancer Tribunal”, where users of the platform will be able to vote on remediation processes. This will guarantee a fair, equitable resolution is sought during disputes, rather than hanging on one person’s decision.
The Blockchain will also allow for easy escrow application. This will be fully transparent, and will guarantee both parties receive what they are due, without the risk of a scam on either side. Coinlancer are currently developing their platform, and have already commenced with their ICO, which raised over $5m USD on day one. The ICO runs until 15th November, 23:59 GMT, with a hard cap of $50m USD. There will be 300m Tokens available, and these can be purchased with BTC, BCH, LTC, ETH, and DASH. Coinlancer will launch their platform November 15th, 2017.
Are you interested in learning more? You can utilize the following resources to research this project.
Learn more about Coinlancer: https://www.coinlancer.io
Read the Whitepaper: https://www.coinlancer.io/Coinlancer_Whitepaper.pdf
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