Blockchain has been revolutionizing different kind of businesses including financial, banking, supply chain management etc. Given the very nature of this Blockchain technology, it is also going to disrupt freelance industry benefiting mostly the freelancers. And, this blockchain network implementation most probably looks to be a public blockchain which can be implemented using platform such as ethereum.
Following are some of the platforms which are already working on this idea of using Blockchain for freelancing:
Here are some of the reasons why freelancing would benefit from Blockchain.
Portals such as Upwork.com charges a bomb to freelancers for every penny earnt through their platform. With a decentralized system such as blockchain, buyers would be able to pass the entire benefit to freelancers with a very little fee to Blockchain governing network/ miners.
Given the fact that Blockchain uses distributed ledger technology (DLT) for storing data in distributed ledgers maintained by Blockchain network participants, it is a lot more secured than storing data in a centralized database which once comprised can lead to huge data loss.
Review comments and ratings can be tracked easily by anyone with the trust that they have not been manipulated by anyone.
Ability to get paid in crypto-currencies is another factor which would start lot many freelancers to such centralized system.
Here is an interesting article on the related topic, Blockchain to benefit freelancers.
In today's data-driven business landscape, organizations are constantly seeking ways to harness the power of…
In this blog, you would get to know the essential mathematical topics you need to…
This blog represents a list of questions you can ask when thinking like a product…
AI agents are autonomous systems combining three core components: a reasoning engine (powered by LLM),…
Artificial Intelligence (AI) has evolved significantly, from its early days of symbolic reasoning to the…
Last updated: 25th Jan, 2025 Have you ever wondered how to seamlessly integrate the vast…