Times are changing, the idea of having a white collar job is fizzling out not just because of a high rate of unemployment in some parts of the world but also due to the growing need for outsourcing by organizations, multiple streams of revenue for individuals and a growing fondness for self-employment with its numerous benefits. Some years ago it was the dream of every young individual to go to school, bag some certificates and apply for lucrative jobs with admirable remuneration but today freelancing, part-time jobs and small-scale businesses have begun to present its self as a viable means of livelihood.
Freelancing also called "Gigs" have become a norm in the society. Freelancing is applicable to every industry namely: programming and IT, content development, transportation, security, lodging, and reservations arrangement, marketing, banking industry e.t.c. It is imperative to say that without freelancers some organizations will not be able to operate properly. With platforms such as Uber, Fiverr, upwork, taskrabbit and upwork leading the park in freelance service delivery, the industry seems to be growing at a fast pace with more technological advancements and increased interests.
Even with all the advancement, the freelance industry has received, the industry is still plagued with problems such as high commission rates charged by freelance platforms, expensive marketing and advertising costs and lack of security for freelancers and small business owners. This issues often leave the freelance platform benefiting more than the freelancers.Freelancers dont get any form of pension, incentives, time offs and health benefits normally accrued to their counterparts working full-time for organizations. It becomes imperative to remove the excess power and control these freelance platforms have over the market then decentralize the system in order to allow a more transparent, rewarding and secure platform for both freelancers and and clients.
Blockchain technology no doubt has shown to be an outstanding tool for decentralization of any system. The use of cryptocurrency has shown to be remarkable in carrying out swift and cost-efficient transactions with paramount transparency. The use of blockchain technology to develop other aspects of human activities is still under scrutiny but it is of no doubt that the decentralized and transparent features of blockchain technology make it applicable to all aspects of human activities that require coherency.
Introducing Blue Whale Network
The Blue Whale Network is a blockchain based platform designed to alleviate the freelance industry by solving financial and legal problems, and decentralizing the freelance/sharing economy by taking away the stronghold of reputable platforms such as uber and Fiverr. The Blue whale Network uses a "Work" system that comprises of three main components namely: Contribution Activity Manager (CAM), Decentralized Association Network(DAN) and a Reward Bank. These features help to draw traffic to freelancers and small businesses hereby reducing the cost of marketing and advertising. The components of the "Work" system provides advertising solution via data analysis and machine learning . The Blue Whale network also makes use of blockchain technology to provide seamless, transparent and efficient transactions between freelancers and consumers of products and services. The Blue Whale Network provides measure to grant freelancers all the benefits often accrued to full-time workers via cryptocurrency.
Key features of the Blue Whale Network
- Contribution activity managers(CAM): This feature distributes reward earned via contributor activities of members on the platform to both freelancers and their clients. The contributor activities include bonuses for advertising the platform, lead generation, curation of newly registered freelancers on the platform, verification of the services provided by freelancers, arbitration of problems on the platform and reputation built based on good feedback and rating from either customers or service providers. Rewarding of contributor activity distinguishes Blue Whale Network from all other freelance networks.
- Decentralized Association Network(DAN): This feature has the ability to collect data based on the user's approval and use this data to build a decentralized advertising network for freelancers. Users of the Blue whale platform get to receive rewards for the data sharing and cut down on cost of marketing via the decentralized advertising network which will be targetted at a specific audience to get the best effects.
- Reward Bank(Reba): The reward bank serves as the hub for storing and disbursing the cryptocurrency of the Blue Whale platform, blue whale exchange (BWX) coins will serve both fuel and reward function on the platform. The Reward Bank also plays the pivotal role of housing and disbursing funds for paid leaves and pension to freelancer. Leaves and pension are abstract things to the normal freelance platforms but with Blue whale Network, freelancers are certain of a more rewarding eco-system.
- The Blue Whale Platform is powered by blockchain: The public ledger of the blockchain is known for its record keeping of transaction but it's important to note that apart from the transparency(read) features the data stored on the blockchain cannot be reversed (Written) back ones it has been issued. The Blue Whale Blockchain will also give room for smart contract issuance and Dapp development with their individual CAMs, DAN, and REBA. This feature will allow external platform and businesses join the blue whale ecosystem, issue their own coin or hold their own Initial coin offering (ICO) on the Blue Whale blockchain.
- Blue Whale Exchange (BWX) Coin : BWX will serve as the cryptocurrency of the blue whale network. BWX serves as the fuel of the platform and also a tool for paying for freelance services on the platform, rewarding members of the ecosystem, accruing voting power based on BWX holdings and a standard for issuing other coins on the Blue Whale blockchain.
BWX Allocation and Crowd Sales
BWX has an estimated total supply of a 100billion units and the Blue Whale Foundation led by Will Lee has put up 50% of the total supply for sale in order to raise funds for global operation, marketing and business development, engineering development, and strategic partnership. As at the time of this publication the pre-sale has ended and the main sale is set to run from the 24th of May – 31 of May 2018.
Conclusion
The Blue Whale project is diving into an industry dominated by a few large co-operation with a solution that will bring satisfaction to both freelancers and their clients. The blue whale project has the tendency to disrupt the freelance industry via the use of blockchain technology and improve the lucrativeness of the freelance industry.
For more information on the Blue Whale Project check out the following channels
Website: https://www.bluewhale.foundation/
Whitepaper: https://www.bluewhale.foundation/assets/Bluewhale_White_Paper_ENG_V.pdf
Medium: https://medium.com/blue-whale-foundation
Twitter: https://twitter.com/BlueWhaleFdn
Telegram: https://t.me/bluewhalefdn
Bounty Campaign Telegram Link: https://t.me/bluewhalebounty
Courtesy
Steemit/bounty0x Name :Henrysparks
Telegram Name: Rudeboy2294
Email: Ukobaisaiah4real@gmail.com