It has been a long time in the making, but there are finally blockchain-based freelance platforms coming to the market. Humans.Net has officially launched a peer-to-peer blockchain freelance platform to connect independent contractors with project managers. The launch comes after a successful trial run of over 200,000 users and a seed funding round of over USD 10 Million.
A new kind of freelance platform
The new freelance platform completely eliminates fees and middlemen, using artificial intelligence to rate both employers and freelancers. Additionally, 25% of the advertising revenue is to be distributed to active users. The reputation-based scoring system will be kept on the blockchain, ensuring that records are immutable. Humans.Net also uses a fingerprint verification system to eliminate identity verification procedures.
The new ecosystem is intended to become a search engine for people with skills, connecting employers and employees in various industries and locations. It is not limited specifically to online jobs but for manual tasks such as plumbing and babysitting. Google is not designed for this task specifically, and centralized search engines come with their own series of problems in relation to advertising, tracking, and accuracy. As the decentralized movement continues to gain momentum, it is likely that Google will be left behind as dedicated search engines take over for various industries (health, education, freelancing, food, tourism etc). According to Vlad Dobrynin, founder and CEO,
“We are using advanced AI to drive the search process on the platform which will radically alter how we connect online with peers and businesses. People will get swift and accurate search results irrespective of geographical location…It’s a revolutionary online model which is set to radically alter how we interact online and how we trade skills and services.”
Issues with existing freelance platforms
There is a myriad of problems with existing freelance platforms. UpWork, the world’s largest freelance platform, charges fees of 10% on all jobs completed, a significant figure. Additionally, the company tends to change its rating algorithm which can be very frustrating for freelancers who work exclusively on that particular platform. A ‘Top Rated’ freelancer enjoys benefits over other freelancers, but when the algorithm gets changed this status can vanish. Freelancers and employers are also required to verify their identity randomly via a video call, with accounts suspended until this activity has been completed.
There have also been numerous reports of UpWork refusing to take on new members and deactivating accounts due to the large numbers of people attempting to sign up. This pattern is set to reinforce inequality in one sense; people who cannot get a job will continue not to get jobs, and those with high ratings can enjoy even more work.
All these issues can be taken care of with a combination of artificial intelligence and DLT. Intermediaries will be eliminated and managers can find the right people for the right tasks using the new Humans.Net ecosystem. Digital nomads will be satisfied with the automatic 10% increase in salary and employers can more easily find the people with the appropriate skill set to complete a particular task.
Digital Nomad with an interest in Zen and Blockchain technology.
Law graduate with 3 years experience as a consultant in the capital markets industry and 4 years experience freelancing on UpWork as a Creative Writer.