HOW BLOCKCHAIN HELPED ECONOMIC IMPROVEMENT?
It's hard to say how many freelancers there are in the world today but some estimates estimate there are about 50 million in the US alone. It is actually estimated that by 2020 more than 50% of adult workers in the US will identify as casual workers.
Safe says that freelance has increased rapidly in popularity but the industry is not without its own problems. Blockchain-powered platforms that serve freelancers can, theoretically, solve some of them.
COST OF SETTINGS
Talk to the freelancers today and the first thing they'll complain about is the cost they deserve. And once the contract is approved and sent to the client, it works.
Transaction fees can take a fraction of your income. A few days ago I received payment for services provided through PayPal. Not only does PayPal reduce $ 17 in transaction fees, it also gives me an unusual exchange rate which means I end up losing $ 13 extra compared to the open market. Thirty dollars may not be too much but when you charge dozens of clients, it can increase.
The problem is compounded if you are looking for clients through third-party platforms such as Upwork or Fiverr. Intermediary agents routinely reduce the agreed 15-20% contract as their own expense. No freelancers are happy with this arrangement - after all, it's really hard to be a source of clients in the first place.
Let's also take into account that PayPal is not working everywhere and many freelancers are losing projects for this reason. A truly decentralized performance economy will not fall victim to the internal policy of a large conglomerate.
SMART CONTRACT
The hype surrounding Blockchain extends to property transactions and major financial transactions because it can get rid of expensive lawyers and verify deals. Freelancing is also ready to be harassed - at this point it is too easy for individuals to promote themselves through fake reviews and spam.
And the problem is if critical mass people use dubious ways to market themselves then you will follow the bandwagon or bear the risk of being left out. An intelligent contract based on Blockchain can completely eliminate this possibility.
In this scenario, the client will be prompted to enter a review only after the job has completed successfully. The enduring notes of the reviews will be posted on Blockchain, with freelancers having no means to change them. It helps honest companies and workers who prefer to spend their time in more productive searches.
There are already several Blockchain markets that try to provide a popular alternative freelance platform. Toplancer will be the best on the list.
INTELLECTUAL PROPERTY RIGHTS
No matter what type of freelancer you are - writers, programmers, graphic designers, UX experts, or digital marketers - creative genes are definitely part of your DNA. That's why it's frustrating when your work is mercilessly copied and pasted all over the internet. You do not receive recognition for it and you also do not qualify for passive income that may arise.
And there's not much you can do to claim the job as your own. Lawyers are very expensive and casual workers do not have that kind of cash. Blockchain, however, is a way to avoid this problem. Records of any type of ownership can be securely stored in them with a system that also has the power to mediate if there is any allegation of plagiarism.
PAYMENT THROUGH CRYPTOCURRENCY
With Bitcoin's surge in value as well as the emergence of other cryptoes like Ethereal and Ripple, many individuals are now seriously considering accepting it as a payment compared to the major currencies.
That's why it's also a reasonable investment decision. There are many people out there who insist that Bitcoin will continue to improve in the future. And that does not seem to be related to reality if you consider Bitcoin's past.
One of the biggest impacts of Blockchain is projected to be in the financial services sector. By receiving the memento, the freelancers can benefit from the initial mover.
INFORMATION DETAILS:
Website: http://toplancer.co
Whitepaper: https://www.toplancer.co/wp-content/uploads/2018/01/Toplancer-Whitepaper.pdf
Facebook: https://www.facebook.com/Toplancer-1944069385913640/
Twitter: https://twitter.com/Toplancer_Coin
Telegram: https://t.me/toplancercoin
Author: Adikusnadi
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