The current freelance exchanges have three significant problems that have not been eliminated by anyone.
- The first and foremost problem is fake reviews. Yesterday's student-engineer can turn into a professional with a 10-year experience in interior design for a couple of days, buying an old account and winding up positive reviews. It will not be possible to verify this.
- The second pain is a secure transaction between the customer and the client. Guarantor services take a big commission of 10%, and to carry out a deal for a significant amount with a stranger is akin to playing Russian roulette.
- And the third, not so significant, but the real problem is the strong centralization of freelance exchanges. If you are a freelancer, then the service guide in one click can deprive you of work by removing the account from the portal, without explaining the reasons.
Blockchain can solve three of these pains at once. The technology of digital identification or the so-called Proof of Identity will eliminate the possibility of registering more than one profile for the freelancer, which will make difficult and unnecessarily expensive reviews. All your favorite smart contracts are what you need for a secure transaction service.
The composition of the arbitration and its decisions can be formed in a decentralized manner, due to which the commission for the transaction will be minimal. And this is the case if escrow is in principle needed - after all, in most cases, if the customer/freelancer is accurately identified, the guarantor may not be useful.
Accounts of freelancers and customers must be stored on the block, so that everyone can easily transfer his profile to another exchange (with all reviews and transaction history) and not be dependent on one freelance service. As the crypto-seals have shown, it is difficult though it is possible to implement it technically.
The described model is so visible and understandable that it is surprising why no one has implemented such a service in practice so far. Although attempts have been and are being made (for example, BitJob), the closest thing to the real product came from the Blocklancer project from the Austrian development team. The project has a beta version of the platform, a high-quality international team, an adequate roadmap (platform release already in the second quarter of this year), a business plan and all the other parameters inherent in a quality blockchain project.
Blocklancer's token sale started on January 16 and will continue until February 28 or by collecting 10 million dollars (hard cap). The exchange rate for 1 ETH is 15,000 LNC tokens. To date, 2,113 ETH has been collected; the softcap has been successfully overcome.
According to the business model of Blocklancer, token-holders will earn on the commission, which the project takes for transactions and additional paid services (like the allocation of vacancies). The creators have prepared a separate business plan, in which they painted in detail how they will make money - this pleases. The distribution of funds, according to Whitepaper, is quite standard - 78% of tokens have a public turnover, 20% goes to the team.
Information Source: Blocklancer