By
Godfrey Benjamin
April 26th, 2024
Blocklancer hopes to create “Distributed Autonomous Job Market”, a place for customers and independent contractors to find each other and cooperate.
Blocklancer, a decentralized job market platform based on Ethereum, plans to create the first “Distributed Autonomous Job Market” which is designed to be a place for employers and independent contractors to find each other avoiding third parties.
The founders of Blocklancer claim that by disintermediating contracted work the platform can solve a variety of significant problems within the job market.
Challenges the New Platform May Help Overcome
First, it is payment security – stumbling block of most freelancing platforms. Despite some solutions of this problem exist, most of them are energy and time consuming.
Secondly, all the current platforms have, as a rule, only one policymaker who solely makes decisions and helps a user in case of a problem. These decisions this way may be frequently one-sided and an adequate help – sluggish.
Blocklancer is aimed at solving the problems described above together with many more issues, which freelancers and the clients face on a daily basis.
Advantages Blocklancer Offers
The platform avoids one-legged process of decision making by offering the solution – Blocklancer’s Token Holder Tribunals. These tribunals allow token holders make decisions collectively in the form of voting one or the other way to settle the dispute.
Disputes can be about a freelancer’s performance regarding a specific job, or a disputed work review that one of the parties sees as unfair, or discussion on changing certain aspects of the platform’s work – fee rates, for example.
Challenges connected with payments are to be solved through using Blocklancer’s smart contracts, which guarantee immediate and secure payment for the freelancer in case the work is done in an appropriate for the customer way.
For context, the fee entailed in making an employment contract will be only 3 percent of its price with no hidden fees, and 100 percent of these fees will be distributed among the token holders..
“Distributed Autonomous Job Market” allows Freelancers to not only search but also compete for jobs on the Blocklancer platform placing bids on them. This way they have the opportunity to compete on price, or concentrate more on building their reputation attempting to be seen as more skilled than the other less-proven workers with the help of Blocklancer’s reputation system.
What is also important is that these freelancers can be reached directly for work by customers with particular tastes avoiding third parties.
In addition, Blockchain technology makes platform completely immune to outside manipulation, thus even more trustworthy.
So, in other words, principal benefits include: low fees (in comparison to current freelance markets), fair and automated dispute resolution, and guaranteed payments.
Blocklancer is holding an Ethereum-based ICO in 15 days with the “Lancer” token (LNC) representing a share in the project, enabling its holders to receive equity in the form of fees collected from freelancers.
