Blue Whale The Decentralized Ecosystem for Self-employed.
The freelancing market is growing and want to be disrupt
The difficulties visaged by freelancers and part-time staff ar increasing. as an example, the absence of social protection and job security, or the endless uncertainty that accompanies this fashion of operating.
However, the worldwide marketplace for freelance and freelancers has grownup steady in recent years and is anticipated his growing within the future. in line with analysis, the freelance can account for fifty eight of the US men in 2027.
The peer-to-peer booking platforms like Airbnb and Uber represent an outsized a part of this growth. As a result, scores of folks (the self-employed) round the world rely upon these and similar platforms.
Excepted that, additionally to the issues mentioned at the begining, these peer-to-peer platform ar adding new difficulties for the self-employed:
- By charging high commissions fee : most of those platforms charge between two hundredth and five hundredth in commissions on every dealings created.
- By charging dear selling and advertising prices: Facebook Ad and Google Adwords have CPC costs between $ one.72 and $ 2.32 and certified public accountant prices between $ eighteen.68 and $ fifty nine.18.
- By solely providing an absence of security: these platforms provide no employment advantage that makes self-employment terribly precarious. A surcease of activity mechanically ends up in a decrease in financial gain.
Blue Whale Foundation aims to revolutionize this economy of the freelance by taking advantage of the blockchain to supply freelancers lower fees and social advantages like paid holidays and pensions historically reserved for workers.
The WORK system
The WORK (Worker Optimized Reward Keeper) system is that the heart of the platform. this technique relies on 3 main components:
Contribution Activity Manager (CAM): It’s a sort of AN activity manager that monitor the contributions of all participants among the network and rewards the Freelancers fairly per their variety of activities.All the activities square measure bound round the growth of the platform, its quality and therefore the trust that users will place in it. There square measure :
- a Referral and a Lead generation activity that rewards the Freelancers WHO refered a user WHO created an acquisition and therefore the Freelancers WHO generate new freelancers on the platform
- a double verification activity (Curation and Verification) which require the check of all new Freelancers and therefore the check of all their work by gift freelancer
- an Arbitration activity that is activated once a client ANd a Freelancer don't seem to be agree concerning the ultimate state of freelancer work
- A name activity that which inspires Freelancers to rate the work of others Freelancers
Decentralized Associated Network (DAN): the most purpose of this element is to gather user knowledge and build a localised ad network. User knowledge are collected from on-line traffic as presently accomplished by Google or Facebook. this may need the installation of SaaS tools (for example, booking widgets) on websites or social media accounts which will transform a node of the whalebone whale network. knowledge assortment and analysis are done mistreatment massive knowledge and machine learning. Note that whalebone whale can take the privacy of the user’s knowledge terribly seriously.
Reward Bank (ReBa): it functions because the central depositary which will receive and pay out the BWX tokens accustomed reward contributors. This bank can ab initio be supported with 2 hundredth of the number of tokens sold-out at the ICO. additionally, hr of internet profits and rewards from Freelance Referrals are control during this bank. These funds from the bank are used as social advantages for Freelancers. they're going to be used, as an example, to pay pensions in an exceedingly payment or monthly or to supply paid holidays within the event of events like leave.
A decentralized system, some Provinces, a federal architecture and a DAO
In order to make sure trust on the whalebone whale network and to through the supply of transparency on each activity occurring among the system, the Blockchain technology and good contracts square measure used. what is more, creating use of advanced cryptography, the network is unbroken safe from external unhealthy actors.
As a localised answer, whalebone whale Network plans to make a network of varied sharing platforms (also referred to as blockchain node) that share an equivalent philosophy however have their own distinctive kind of governance. These individual ecosystems among whalebone whale Network square measure labeled “Provinces”.
Each province will use a white-label DApps (provided directly by Blue Whale) feature their own CAMs, DANs, ANd an access to ReBa, that area unit hopped-up by the sulfur bottom blockchain. this allows those provinces to supply constant contribution-based reward and employment advantages to the freelancers on their own sub networks. this is often all done whereas keeping a degree of autonomy over their own province and therefore the freelancers at intervals it. The sulfur bottom network can respect this autonomy.
These province may value more highly to issue their own token to lift funds through ICOs — of that, 100% are going to be unbroken as a reserve with sulfur bottom. If not, they have to purchase 100% of their valuation value of BWX tokens at the prevailing charge per unit.
This ensures that the sulfur bottom main network, and its sub networks, still stay mutually-invested in one another.
This kind of governance and autonomy is just like the Federal system. That’s why sulfur bottom as tagged his design as a “Federal Architecture”. The provinces area unit liberated to operate in line with specific parameters printed by the federal blockchain.
In addition, the most governance of sulfur bottom Network could be a DAO (Decentralized Autonomous Organization) that has introduced a vote mechanism that may allow to handle problems that have an effect on the whole network. This vote mechanism can permit the participants on the network adjusting policies like operative prices, savings rate into Rewards Bank, Referral fees, issue of recent coins, incentive/payout rule and penalties.
Blue Whale Team
Blue Whale Advisers
Road Map
ICO — Token sale
- Begins on Thursday, May 24, 2018, at Midnight GMT and continue for one month or until Hard Cap is reached
- With 25 million SGD raised from Private and Pre sales, we will only be raising an additional 5 million SGD (3.78 million USD).
- Minimum Contribution & Maximum Contribution: TBA
- Soft cap: 25M SGD
- Hard cap: 30M SGD
- Token price: 1 SGD => 800 BWX — 1 USD => 1,056 BW
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
Facebook : https://www.facebook.com/bluewhalefoundation/
Twitter : https://twitter.com/BlueWhaleFdn
Author details
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