You previously started an employment agency, which allowed you to experience the difficulties that people face when looking for a job. Could you briefly describe how WorkQuest can solve those problems?
Basically, there are two main problems that people come across in the labor market. This is a problem of trust and verification of candidates if we are talking about freelance work; and compliance with the specified working conditions, changes in job requirements, or changes in the declared remuneration for an employee during permanent employment.
During the quarantine period and the increase in the number of users in the field of online work, the number of frauds increased greatly, which further undermined the confidence between the parties before the conclusion of an agreement.
We understand all these problems and try to solve them by building the world’s decentralized job market on the blockchain using smart contracts. A system of ratings and reviews, as well as a completely open profile structure with the history of completed quests, should solve the problem of distrust.
The status of an employee’s or employer’s profile will change depending on the number of successfully completed quests and the number of assessments received after their completion, as well as the completed KYC procedure, verified profiles in social networks, and other information provided.
The unchanged information of a quest that will be saved in the blockchain, ability to upload documents, photos, or videos describing the job requirements, a fixed amount of remuneration, and execution time should solve the problem of unexpected changes in the terms of a contract.
Additional geolocation marks and the system of matching profiles of both workers and employers should speed up the whole hiring process.
Low platform fees, as well as cheap and fast transactions via a stablecoin, will fix the issue of high hiring costs.
The developed WorkQuest wallet with savings of mnemonic phrases on the user’s side will guarantee the reliability of saving their funds.
Availability of a workplace from any device anywhere in the world will help solve the problem of market fragmentation and uneven workforce distribution.
The system of secure blocking of funds until the end of the work, and the system of disputes will help both parties to concentrate on the process of completing a quest without wasting time on hesitations.
