Ironically, they defy the primary condition for putting bread on the table, which people have practiced for millennia.
The freelancer market was a pristine habitat for web developers, graphic designers, and content writers a decade ago. Freelancer platforms would connect them with businesses and entrepreneurs, who would hire them for various projects. Still, blockchain will not lead to the extinction of freelancer platforms. Instead, it will force them to adapt and improve. Here are some of the ways in which blockchain and freelancing could benefit from a merger!Blockchain facilitates peer-to-peer transactions, thus excluding a third party necessary to approve them. However, freelancer platforms can migrate to blockchain and still play a significant role.
Blockchain-based freelancer platforms will most likely be cheaper to use than the current online freelancer websites. Since the third-party escrow service disappears, businesses and freelancers no longer have to pay its fees. Therefore, they can each save up to 20% on their capital and income, respectively.Currently, freelancers face a considerable risk of losing their track record in the industry. For instance, the platforms they work on can experience data loss or hacker attacks.
Initially, the GIG developers built the Gig Economy Platform on the BLAKE and a primary J++ Application. However, following intense work and 42 upgrades, the platform migrated to the current Lightning ECR-20 Network. As a result, it developed into an entirely interoperable decentralized application for jobs and DeFi banking.
On the other hand, those using Ethlance have to pay the “gas fees” on the blockchain. Gas is the cost of performing transactions on the Ethereum network. The developers hope that, in most cases, the gas fee will be lower than traditional online freelance platforms charge users.