The Future Of Recruitment Is Here and It’s Powered by the Blockchain - How Does It Work?
Technology is growing at a blazing pace. In the last decade, we have experienced the rise of artificial intelligence, more conversations and initiatives toward a greener atmosphere, better electoral systems, and several others.
However, the one that has seen the most impact has been blockchain technology.
Unceremoniously introduced by the Bitcoin network, the decentralized ledger system has gone on to disrupt several key industries beginning with finance, real estate, medicine and healthcare, gaming, entertainment, and the internet.
Blockchain technology is now changing the very face of how employers and employees will relate in the coming years.
This change is coming into the freelance space through DeeLance.
Say Hello to Decentralized Freelance Space
There are over 1 billion freelancers worldwide. This is a snatch from the current global workforce of 3.5 billion people.
The 1.1 billion people employed on a contract-by-contract basis represent 35% of the global workforce engaged in an independent framework.
With the advent of remote working, more people can take up multiple job roles across related industries.
This has since spurred researchers to put the freelance workforce to increase by 65% in the coming years.
While the industry is rapidly increasing, it has largely become stagnant in increasing the welfare of freelance workers and largely providing employers with verifiable talents. This stalemate is being changed as we speak.
A new fast-rising blockchain project focused on the freelance industry is now in force.
Called DeeLance, the protocol is a freelancing and recruitment platform based on the ethos of Web3.
The innovative platform is decentralized and aimed at changing how freelancers get jobs and employers find talent for their industries.
DeeLance is the first of its kind in a fast-paced crypto marketplace and aims to radically change the freelance ecosystem as a whole.
To do this, DeeLance provides a comfortable landscape where freelancers can get the perfect roles without paying exorbitant fees compared to their Web2 counterparts like Upwork and Fiverr.
Focusing on the commission freelancers are charged on these platforms shows why DeeLance is the future of recruitment.
For instance, on the DeeLance platform, users pay only 2% in commission, the lowest fee in the industry.
There is also a competitive 10% freelancer fee that puts it amongst the top names in the future of work. However, this is where the similarity ends.
For cashing out earnings, freelancers do not have to battle traditional banking systems. Instead, they get instant crypto payouts without any hassles and withdrawal limits.
This way, anyone can get and earn on DeeLance without going through the rigors of supplying their details to a third-party payment infrastructure.
User Ownership Is the New Norm
One thing that many have come to associate with the Web3 movement is its focus on duly rewarding the real value creators who are Internet users.
This ideology runs rampant on DeeLance as freelancers get to hold their work until the employer fulfills their end of the bargain.
To interface on the DeeLance platform, the employer stores the required funds for the project in an escrow system which works like a smart contract.
Once the freelancer completes the task and submits, the funds are released to their online crypto wallet if and only if they meet the stipulated metrics.
From there, the freelancer transfers ownership to the employer, which is duly noted. This gives power to value creators instead of the employers of labor.
The platform’s valuable utility, DLANCE, is getting many investors excited. So far, the digital asset has already secured over $71,000 in its presale after launching less than two weeks ago.
Aside from the obvious utility of being a network and stakable asset, DLANCE will play a critical role in DeeLance becoming a non-fungible token (NFT) and metaverse-powered freelance marketplace.
This way, users will be able to apply for jobs in virtual worlds, and business owners will be able to create value in real-time with this teeming workforce.
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com