William Mougayar is the author of "The Business Blockchain", and the advisory board Ethereum Foundation, a non-profit corporation that oversees the development of one of the two blockchain that seeks to popularize software.

In this opinion article, Mougayar gives his thoughts on how blockchain and digital currency could change the way we work and how we provide a compensation / wages.

We are in the early stages of a new chapter in a new kind of work. Blockchain will allow us to do our jobs and wages / compensation on new economic circles that have their own currency unit and the unit of their own work.

Most workers currently earn rewards through a bilateral agreement between the employee and employer / employer through a contract that is simple: you are working on the job X, and we will give you a salary in the form of currency Y.

But what if we have greater autonomy on how we choose our own work? With greater control, we are then able to do new kinds of tasks that may or may not resemble what is traditionally regarded as workers, and using cryptocurrency not fiat currency.

Steemit for example, provide salaries to its users who memvote-up or write a post on the platform with its decentralized content.

Decentralization theory La'Zooz transport platform will give you points Zooz, just by driving your car while the application is to collect data about your driving patterns.

A body of health research can pay patients or normal people who share their medical data, in an exchange for the collective wisdom gained by combining the information, and returns the results in person or with a comparative view.

Let surgical what happened here:

1. Users do some work, both passive (drive and share data) or actively (vote on posts, or making decisions).
2. Every market has a 'unit' itself, which consists of various activities.
3. Each unit generates market value, to other users and to the end users themselves. This is an extension of the influence of network theory in which the actions of each user will benefit other users.
4. A wage for that value, users will be rewarded with genuine token currency, the currency market itself.
5. This currency can be spent in the market / marketplace on any transaction or other services (eg promoting content), or can be exchanged outside the market to cryptocurrency or other fiat currency.
6. The market value of the overall increase proportionally with the amount of activity and the value produced in it.

A NEW SYSTEM WORK

There is a new system of ongoing work, and blockchain have started it.

It is not a Ponzi scheme, but rather a new way to generate economic value. Of course, some companies will try to abuse the system, but others think and be careful about the mechanical systems and operations that will benefit and also allow their users to participate in the success of the company to contribute to the share of equity in its network.

The most important element that must be done right is:

1. Activities undertaken should be varied
2. Work performed must be precious and valuable
3. Users should be able to spend their money internally to generate added value.

What is happening here is the creation of a small independent economic circle. Some of these models will be made by the new company, while others will spin out of an existing company.

The model that came out of the existing company will be attractive in the future because most of the companies and their users create excess value that can not be described. Connecting critical elements together as depicted in the diagram above will give new life to a new economic model.

Could this be the future of jobs and wealth creation? Can be.

This article comes from Mougayar blog, Startup Management.