Blocklancer is creating a Self-Regulatory platform in the form of Distributed Autonomous Job Market. The power to decide on the disputes will now not rest in the hand of Centralized website owner but rather in the hands of Token Holders.This is the vision of this company which has its roots from Austria.
The freelancers market is growing worldwide. As of today, freelancers make up approximately 35% of US workforce and the worldwide freelancers number stand at around 55 million.I have briefly worked out how the platform is going to work in the following paragraph.
The tokenholders can become a part of Tokenholder Tribunal by holding Lancer Tokens (name of token that will be issued by the company). To gain premium access, one needs to hold approximately 10000 tokens (translating to 650 USD approx at todays price) for a period of 1 month.These tokens can also be used for buying various other services available on the platform. Each time there arises a dispute between the freelancer and the client, the Tokenholder Tribunal gets activated against some miniscule fee payment. This fee is little as compared to centralized Freelancing platforms that exist today. Post activation, the token holders who participate in the tribunal get the complete data of the case. They study the case from the beginning and are required to give their decision in binary. In case the client or freelancer is not satisfied with the Tokenholder tribunal decision, there will be an option to activate Expert Tribunal, which shall again review the case against payment of fees and will again review the case. The decision of Expert Tribunal will be the final decision applied to the case.
Blocklancer platform will surely take care of the most pressing concerns Freelancers face with the current market such as difficulty to receive payment from Clients, Clients leaving undeserving/negative profile reviews, high fees on current freelancing platforms and unlimited centralized power.The client will have the options to pick a freelancer, complete a job, cancel a job, call the Tokenholder tribunal. On the other hancd, freelancer will be able to bid for the job, cancel the job, rate the client and call the Tokenholder tribunal. Blocklancer is a serverless decentralized job market utilizing the power of Ethereum and Blockchain network.Considering the high cost of storing files on the ethereem network, the platform uses Interplanetary File System for distributed file storage. Blocklancer takes 3% of the employment contract’s price in fees, which makes this the lowest amount of fees on any freelancing platform on the market, giving Blocklancer a major competitive advantage to capture market share.
With decentralized platforms adoption still in the nascent stage and the world getting accustomed to it with every passing day, Blocklancer can take the first mover advantage and can truly become the largest player if they are successful in mass adoption. To proceed, the company is presently conducting an Initial Coin Offering to secure the funds for marketing and to invest into further development and improvement of platform. The Beta version of the platform is expected to be released in the first quarter of 2018 and the final product by second quarter of 2018.
Further details on this Project can be checked at the website link https://blocklancer.net/
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