Blue Whale -The decentralized ecosystem for the self-employed

What is Blue Whale?

The Blue Whale Foundation’s blockchain-based “WORK” System of smart contracts 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. Freelancers and small business owners depend heavily on these tech giants to match them to jobs, verify that products and services have been delivered as agreed upon, and arbitrate disputes. Legally hired as “independent contractors”; they suffer from three main problems:

High Commission Fees,
Exorbitant Marketing and Advertising Costs, and
A lack of Security that inhibits them from making a sustainable living.

None of the service providers who depend on these platforms to make a living are actual employees of these tech giants. However, the growing dominance of these tech giants has a dark side for workers in the gig/sharing economy.

They strive to connect the providers with the appropriate users to benefit all parties and not just a few platform owners. Through this sustainable reward system, Blue Whale Foundation will provide the essential solutions to the fundamental problems arising from the increasing prevalence of the sharing economy.

Blue Whale’s WORK (Worker Optimized Reward Keeper) system consists of three main components:

Contribution Activity Manager (CAM) :

CAM keeps track of, and rewards individuals who help to drive traffic to freelancers and small businesses, turning everyone into a potential advertiser and This provides an alternative to the high commission rates charged by centralized ad platforms such as Google AdWords or DoubleClick. Rewards are provided for connecting to the Advertising Network, resolving disputes through Arbitration6 and building trust with the Verification7 system. The CAM has been designed to distribute the rewards earned through contributor activities. For instance, community verification may be relevant for a photography freelancer, but not for an ice cream stand. However, due to the differences in the nature of specific businesses, not all of the CAM activities will apply equally for all businesses. The Activities in the CAM are:

Decentralized Associated Network (DAN)

The DAN is created by installing SaaS tools such as Booking and CRM software on websites and social media accounts, transforming each website/social media account into a node in the network. Architecture of DAN (Decentralized Associated Network) The Decentralized Associated Network can be created by installing SaaS tools such as Booking Software and Ad Display Widgets on websites and social media pages. Providers installing the Booking Software on their own websites, blogs, and social media accounts can convert all incoming transactions from fiat currency to cryptocurrency (BWX) coins. Verlocal differentiates itself from other competitors by providing free Booking & Scheduling Software to be installed on providers’ websites which motivates providers to join the network. The Blue Whale Foundation’s decentralized advertising network is established when the providers install the Booking Ad Widget and the Ad Widget. The main purpose of DAN is to collect user data and build a decentralized advertising network as a main business model of Blue Whale Network. The Booking Ad Widget, as a component of the Booking Software, is used to provide windows - digital real estate - for other providers to run their advertisements and promotions.

Reward Bank (ReBa) :

ReBa balances the payouts to contributors by the contribution activity manager (CAM), and the revenues generated by the decentralized associated network. In case the amount held in the reserve held in the ReBa falls below 20% because more rewards are drawn out to for paid leave and sick leave than planned, the reward bank reserve will be filled by issuing new coins based on consensus. Reward Bank (ReBa) The Reward Bank functions as a depositary for receiving and disbursing rewarded Blue Whale eXchange (BWX) from providers to contributors. The Reward Bank may form future strategic alliances with partners who provide solutions relating to pension systems and asset management. In addition, 60% of net profits and freelancers’ referral rewards will also be kept in the Reward Bank. 20% of BWX offered at Blue Whale’s initial ICO will be kept in the Reward Bank. 60% of the annual net profits for Blue Whale Foundation is reserved for offering paid leave in case of events like sick leave.