The spread of the coronavirus around the world forced almost all countries of the world to impose strict quarantine: production was stopped, schools and crowded places were closed. These steps of the authorities are seen as the only ones possible in the fight against the plague of the XXI century in the absence of a vaccine against Covid-19. At the same time, a number of countries, including the United States, are ready to gradually remove quarantine. However, this may be followed by a second wave of pandemic, and such measures are seen by many experts as premature.
During the quarantine period, most organizations go to work remotely. Who has it, naturally. The problem of unemployment is now one of the most serious. In the United States, the number of unemployed is growing at a speed not much less than the rate of spread of coronavirus. In this regard, the freelance market is undergoing a transformation; the remote work underlying this business model is now in demand and supply.
“Gig economy” is a new business model that provides an opportunity to independently organize the work process (this is a variation of freelance). The gig economy is designed to empower the employee, including in remote work due to a pandemic. This business paradigm has become popular in recent years; technology companies, following Uber and Airbnb, are increasingly starting to use this model.
The gig economy is on the verge of creating a whole new era of employment, in which the opportunities of private companies and self-employed people are expanding. There are certain drawbacks to such a business model, especially for freelancers.
How can blockchain change hymnomy
The development of the gig economy has led companies such as Uber to become technology unicorns – projects that managed to get a market value of more than $ 1 billion in the 2010s.
However, there is a solution that can destroy this business model. This is a blockchain. Providing much-needed transparency for a growing gig economy, the popularity of decentralized freelance markets is growing. Here are some examples of attempts to violate the status quo of a business model. We are talking about blockchain projects that offer specialists a job.
Ethlance is the first platform on the labor market, fully working on the Ethereum blockchain, which offers freelancers new opportunities for finding work in the digital market.
Ethlance, combining smart contracts with a file sharing protocol and web interface, is one of the decentralized markets seeking to intervene in a centralized labor market monopoly. Ethlance is a 100% free open source job market. When accessing a resource, users pay a small commission to cover transaction costs.
LaborX is a marketplace that integrates employers with skilled personnel. The resource created using the Chronobank blockchain ecosystem connects applicants with employers, expanding the opportunities of freelancers; offers training programs designed to best meet the needs of the employer and the applicant.
The company takes only 1% of the commission after the candidate finds a job.
This Ethereum-based, distributed, autonomous labor market brings together project creators and job seekers. Trying to please all parties at the same time, Blocklancer allows employers to pay only if they are 100% satisfied with the result. The platform resolves disagreements on payments.
Blocklancer does not charge for vacancy announcements, but charges a 3% fee from a freelancer – a commission that, according to the company, is still less than that of centralized peers.
4. Bounties Network
The Bounties Network platform allows freelancers to organize themselves. This service is not typical for the labor market. The decentralized labor market created on the basis of Ethereum allows anyone to create jobs. Here, the artists present their projects, and the best of them receive an award in ETH or in other ERC-20 tokens.
Another open source market. The San Francisco-based Mentat project finds workers based on agent requests. Using an automated matching method, Mentat reduces the overhead associated with typical freelancer markets.