Would Blockchain have an Impact on the feelance lndustry?

[krishnapramod]

Freelance websites were often considered as a means for college graduates to earn some pocket money as they waited for career opportunities. But today, the gig economy is quite big with a good number of people preferring a flexible freelancer routine over traditional income generation opportunities as their main source of income. It is estimated around 34 percent of the US workforce is now freelance based, and this number is expected to grow to 43 percent by 2020.

Freelance platforms like Freelancer, Upwork, Fiverr etc are quite popular, but compared to a decentralized freelance marketplace there are a few drawbacks. Be it the risk of getting scammed, fraudulent payments, unresolved disputes, commission rates as high as 15 to 20%, and entry barrier.

Blockchain based decentralized freelance marketplace can solve these issues with providing an equal opportunity, multi-signature escrow to prevent fraud, individual mediators, and a fee as low as 1%.

One of the interesting Decentralized freelance projects is Rein project.

https://reinproject.org

[1715290374]

1715290374

[fiulpro]

What I think is that blockchain is now used in every sector that you can ever think about, be it for storing databases or be it for using it as a platform for cryptocurrencies.
When we talk about freelancing industries blockchains become more important here because now People can mediate safe and secure transactions and they can even claim their privacy at the same time.
Its perfect for every business especially the freelance one because now People can control everything by themselves!!! They won't have to pay bucks to sites and banks for every single transaction that too these things breach someone's privacy and not everyone wants to share their details when they are in this business.
Thus I think it will be quite a useful tool.