Decentralized Ecosystem for Freelancers Hits the Market

From this article you will learn how to make freelance work secure and profitable using Blue Whale Foundation decentralized ecosystem
29 March 2018   1690

Freelance and part-time work became the markers of the modern world as lots of people nowadays prefer to work in a convenient for them conditions having a flexible schedule. However, since they do not have a supervisor to take care of any insecurities of work or unreliability of employers, they do not feel fully protected, and that may rupture the social contact between workers and governments. At the same time consumer protection has also weakened because of the shaky legal relationship between freelancers and their host platforms. The trustworthy solution is certainly needed and we would like to enlighten our readers on one decentralized blockchain platform which is set to rock the boat of the gig/sharing economy.

Can freelance work be fully secure?

Our answer is "yes". The Blue Whale Foundation is building a decentralized ecosystem to allow freelancers and the self-employed to reap rewards and employment benefits from their contributions, and is designed to provide the freelance workers with such security features as a better retirement plan, employment benefits, and paid-time-off. Moreover, it aims to lower the commission rates, and marketing and advertising costs.

What is the WORK system?

The Blue Whale Foundation term WORK stands for Worker Optimized Reward Keeper, which is a system comprised of three main components: Contribution Activity Manager (CAM), Decentralized Associated Network (DAN), and a Reward Bank (ReBa). The Contribution Activity Manager has been designed to distribute the rewards earned through contributor activities. Rewards are provided for connecting to the Advertising Network, resolving disputes through Arbitration and building trust with the Verification system.

Blue Whale work systemBlue Whale Worker Optimized Reward Keeper

The Decentralized Associated Network is created by installing SaaS tools such as Booking and CRM software on websites and social media accounts, transforming each website or social media account into a node in the network. The DAN collects user data from online traffic in the same way which search engine and social media giants currently do. Its main purpose is to collect user data and build a decentralized advertising network as a main business model of Blue Whale Network.

Blue Whale EcosystemBlue Whale Decentralized Ecosystem

The Reward Bank functions as a depositary for receiving and disbursing rewarded Blue Whale eXchange (BWX) from providers to contributors. Deposits in the Reward Bank will be utilized as welfare benefits like pensions, paid leaves in case of events like sick leave.

Blue Whale main features

Booking Software Widget:

  • Converts incoming fiat currency into BWX.
  • Transforms each website/social media account into a node.

Advertising:

  • Establishes ad network when providers install the booking ad widget.
  • Provides windows for other freelancers to advertise products and promotions.
  • Referral system established from diverse ad network.

Big Data and Machine Learning Solutions:

  • Collecting data from similar architecture as Verlocal SaaS.
  • Uses visitor’s data to aggregate and create list of potential future purchases.
  • Analyzes target visitor’s data and finds lookalike visitors.

In order to provide the best experince for the users Blue Whale Network has developed a system where freelancers and their services have to be verified during a registration process to ensure that only qualified ones are listed and matched to customers. The service is curated by the community (Service Curators) and filtered to eliminate irrelevant or inappropriate information. Instead of having a special internal team of moderators or automatic spam discovery tools, this task is delegated to the community, which allows everyone to participate in a process of choosing the best services.

The Blue Whale Pre-sale goes live on April 2, 2018, don't miss a chance to invest in the future of the convenient decentralized job market!

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Bittrex to List LOOM

LOOM is the token of the American startup Loom Network, which launches decentralized applications
18 July 2018   179

Popular cryptocurrency exchange Bittrex listed Loom Network token LOOM. 

As the team of the exchange said, trading with the crypto currency will begin in the near future. On the background of this news, LOOM showed a price jump fo 14%.

LOOM Price Chart
LOOM Price Chart

LOOM is the token of the American startup Loom Network, which is launching decentralized applications.

In January, Bittrex tightened the criteria for listing new tokens. Now, developers need to provide technical information about the token itself, as well as the data of at least one team member. At the moment, the exchange has 290 digital coins.