Payperblock: The future of the freelancing industry
The term “freelance” or “casual worker” is a noun word for someone who does a job. The work that they live alone is called “freelance work” In its English form, “freelance”. the freelancing profession is not something new. since a long time ago many have done it, some are engaged in informal fields there are also formal ones.
Freelancing in the form in which it exists now has many shortcomings, including high commissions, high risks and a centralized scenario for resolving disputes. this is certainly not beneficial for all parties.
Payperblock is a project within which a decentralized platform will be created, uniting customers from among the founders of block projects and freelancers from among the blockbuster specialists. a project designed to be the beginning of a completely new era in the field of freelancing, so the platform released in its framework will solve many problems of centralized freelance exchanges. The platform will become a place where talented freelancers can find work for themselves, becoming part of one of the startups in the technology of distributed registries.
Almost all traditional freelancing networks suffer from an inherent issue in the basic model of freelancing model, and this impacts the overall performance of the platform as well. Some of the most notable and inherent issues with the conventional model of freelancer platforms include the following:
- A centralized authority exists in the organization that raises concerns among freelancers about fair dispute resolution and justifiable policy changes.
- Getting paid can become a chore in many cases if the client is not supportive.
- The issue of unjust negative reviews left by clients or freelancers for reasons like personal bias or frustration. Payment for work is not always guaranteed.
- The fee for using the platform service can be very high in many cases including the costs related to creating a contract, accepting a contract, a share of the payment received, currency conversation and withdrawal fee.
Draw commission
In the Whitepaper project Payperblock, its founders compared the platform with two popular freelance sites – Upwork and Freelancer. If commissions for customers reach 2.75-3%, then the commission for freelancers varies from 10% to 20%. Thus, an expert can lose up to 20% of his profits only for using platform services.
The concept of Payperblock, the use of its own blockbuster and PayB tokens makes the platform absolutely decentralized – owned by its participants. Commission for customers – 2% when paying for work using BTC and only 1% when paying with PayB.
Community holds power
Our number one goal is to offer transparent and fair platform with lowest fees possible. As we have already said, the main feature of Payperblock is decentralization. This concept formed the basis of all solutions based on block-building technology, since the centralized nature of such platforms often has a number of shortcomings. The transfer of rights to the community has become a kind of trend of modern solutions.
Leading the way for a smarter future, by connecting the right talents with the right jobs, so that every potential blockchain project has the best prerequisite to succeed. All questions concerning the policy of the Payperblock platform are not solved by the central team of its creators, but on the contrary – are in the hands of its community consisting of all holders of PayB tokens. All decisions about the principles of the platform are taken exclusively through the voting of community members.
Guarantee of payment
One of the mechanisms for preventing disputes will be a system of payment with the help of crypto currency (BTC / PayB) and blocking technology. Before proceeding with the assignment, the freelancer must make sure that his customer has entered the agreed amount in the smart contract. In fact, the customer simply deposits these funds.
Once the work is completed and accepted by the customer, the smart contract unlocks the funds and transfers to the account of the freelancer. Thanks to this, specialists will be able to be sure that their clients will not try to deceive them. Otherwise, the fact of non-acceptance by the customer can be challenged within the arbitration procedure.
The middle part
As a decentralized platform, payroll becomes an alternative that provides arbitration solutions between customers and freelancers. In order to ensure the most honest and transparent cooperation, the developers of the platform will develop a whole set of tools that allow customers and freelancers to properly organize the workflow and achieve mutual understanding, avoiding any misunderstandings and disputes.
Disputes during the work on projects are a phenomenon that is difficult to avoid. Most freelance platforms don’t try to take any measures to minimize these disputes. Here, the concept of decentralization and the transfer of power to the community comes into play.
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