OVERVIEW
The current economic hardship that the world is facing necessitate the need for more than one job. Some people have their permanent jobs and other minor ones which they do in-between working hours. Others too have no permanent jobs and only work on part-time basis. These are the people we term as freelancers. They avail themselves to do more than a single job. As such, they are able to raise enough funds to meet up with their high economic demands. The freelancer economy is worth over $3.7 trillion, making it the hope of future transformation in the global employment system. Notwithstanding the bright future of the freelancing industry, there are so many drawbacks that is inhibiting the attainment of a healthy economic growth. In view of this, a group of visionary and experience team has come up with a revolutionary blockchain-based platform known as Freelanex, which is aiming to disrupt the global freelancing economy. They are envisioned to create a global working environment to provide better job opportunities in order to promote a collaborative, secured and transparent business conditions.
PROBLEMS FACING THE INDUSTRY
There are no formal and better laid down procedures for the verification and confirmation of data from both parties. As a results, transparency and trust becomes an issue during transactions. The transaction fees charged by the traditional platforms where freelancers operate, are way too high to bear leading to a significant reduction in the profits made by the platform users. A lot of online business partners tend to do their own things when you strike a business deal with them. They easily breach the agreements established by both parties because the system is very loose to accommodate such behaviors. In the end, one of the parties end up taking advantage of the other and provide a low quality goods and services to them. Many at times, freelancers will provide services to customers and when it is time for the customer to fulfill their part of the contract by paying the freelancer, then it becomes an issue. The payment can delay for weeks to months and sometimes it even gets affected by inflation. Verifying the identity of your customers, whom you are dealing with online, is very important; in order not to get yourself scammed. Unfortunately, there is minimal and sometimes the absence of a ‘Know Your Customer’ processes, which is termed KYC for short, so clients get scammed every now and then.
THE SOLUTIONS FREELANEX OFFERS.
With the application of the blockchain technology, Freelanex is going to build an overall structure of guidelines for the freelancing ecosystem to be used for the verification and confirmation of users’ data. This will help in building a trusting and transparent relationship among the various parties involved. They are going to provide a decentralized platform where middlemen will be completely eliminated from all processes, in other to cut down transaction costs on the platform. The application of the blockchain technology will also ensure instant and transparent payment of services. Freelanex platform will use smart contracts to implement transactions so that terms and conditions are not easily violated. Users on the platform will be obliged to pass a compulsory KYC before they will be eligible to receive payments from clients.
CONCLUSION
In order to ensure a healthy platform and promote growth, Freelanex has created the FLXC which is going to be the official currency to be used for transactions on the platform. Fortunately, our token sale is currently ongoing at Probit exchange platform so you can head on to their website @ https://www.freelanex.io/ for the appropriate instructions on how to make a purchase. If for some reasons you miss out the token sale, you can still head on to the numerous trading sites where the FLXC coins will be listed and make your investment.
Useful links to this project:
Website: https://www.freelanex.io/
Bitcointalk thread: https://bitcointalk.org/index.php?topic=5185611.0
Whitepaper: https://www.freelanex.io/wp-content/uploads/2019/09/Whitepaper-Freelanex.pdf
Authorship
My bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1982533
Disclaimer: this is a promotional article written for Freelanex and not an investment advice from me so I encourage readers to do the necessary background research before investing their funds in it.