Introduction
Freelancers and owners of minor businesses depend severely on tech giants to match them to jobs, confirm that products and services have been distributed as decided, and arbitrate disagreements. However, the increasing dominance of these tech giants has a negative effect for workers in the gig/sharing economy. Any of the service providers who depend on these platforms to make a living are not the real employees of these tech giants. The blockchain-based “WORK” System of smart contracts of Blue Whale Foundation is the only solution on the market designed to alleviate not only the financial and the legal problems with the gig economy, but also the looming concentration of power in the hands of a few tech giants.
Problem
Freelancers and small and medium business (SMB) owners have to face three major problems while offering their goods and services.
• Expensive Marketing and Advertising Costs
• High Commission Rates
• Lack of Security: Retirement Plan, Unemployment advantages, and Paid-Time-Off
Solution: The WORK System
The WORK (Worker Optimized Reward Keeper) system consists of three main components.
- Decentralized Associated Network (DAN)
Free Software as a Service (SaaS5) tools like booking & scheduling software, customer relationship management (CRM) are given to all nodes and partners who deploy cost-effective marketing. - Contribution Activity Manager (CAM)
This is a series of modularized smart contracts which gives rewards and employment advantages depending on contribution tasks. However not all of the CAM activities will apply equally for all businesses because of the variations in the nature of specific businesses. - Reward Bank (ReBa)
This is a decentralized ledger dispersing a higher percentage of net profits which go back to the community as rewards and benefits depended on contributions.
Benefits of Being a Part of the Blue Whale Ecosystem
As a Self-Employed Person
• Minimized marketing and operations costs
• Employment advantages like pension and paid time off
• Further revenue sources by contributions to the network
As Marketplace Platforms
• Be an autonomous blockchain platform
• Entry to technical infrastructure of Blue Whale network
• Transactions of tokens for freelancers and their customers
As Small / Medium Business Owners
• Technical assistance to become a Blockchain business
• Expertise and resources to aid starting own ICO
BWX Token
Token Name : Blue Whale Exchange
Ticker Symbol : BWX
Token Features : Multi-Utility Token
Technology : ICON
Total Supply : 52,800,000,000(Token Sale) + 52,800,000,000
Hard Cap : 55,000,000 SGD
Soft Cap : 25,000,000 SGD
Accepted Currency : ETH, ICX
Token Distribution
Use of Funds
The breakdown of the funds after the token sale is shown below.
Conclusion
The revenue models have been considered to form a sustainable reward system for workers and contributors from the inception of the Blue Whale Foundation. Not only just a few platform owners but also to benefit all the parties, providers are connected with the appropriate users. The Blue Whale Foundation will deliver the necessary solutions to the fundamental problems coming up from the increasing prevalence of the sharing economy with the help of this sustainable reward system.
For More Information Visit :
Website : https://www.bluewhale.foundation/
Whitepaper: https://www.bluewhale.foundation/assets/Bluewhale_White_Paper_ENG_V.pdf
Telegram : https://t.me/bluewhalefdn
Twitter : https://twitter.com/BlueWhaleFdn
Author details
Bitcointalk profile url : https://bitcointalk.org/index.php?action=profile;u=1230529