Freelancing Platform Zoom Embraces Blockchain Tech

The budding mental providers, administration, and outsourcing platform Zoom is popping to blockchain tech for options.

On Friday, San Francisco tech publication Venture Beat reported on Zoom Tech’s eye for blockchain utilization. The nascent firm and platform, which in accordance with CEO Plamen Nedyalkovis shouldn’t be but “[…] fully operational,” hopes to rework freelancing and outsourcing by wanting in direction of blockchain-based options.

Blockchain Meets Freelancing

According to Venture Beat‘s Stewart Rogers, the young company is:

[…] using blockchain know-how to allow enterprise relationships, venture planning, and safe funds. Zoom will join freelancers and digital corporations utilizing a blockchain ID system, synthetic intelligence, and good contracts.

Zoom hopes that blockchain tech will create stronger and extra clear connections between employers, freelancers, and stakeholders. Nedyalkovis additionally hopes to combine blockchain tech into the corporate’s cost methods in hopes of additional strengthening these connections:

We are utilizing blockchain to deal with the escrow and transaction providers of the platform, equalizing the ability differential between consumer and contractor as a result of the cost is held within the hand of neither

Increased Integrity

Zoom’s utilization of blockchain tech and ‘smart contracts‘ permits for this safe cost system, however that’s not all it’s helpful for. Zoom additionally certifies the identities and credentials of employers and employees alike. Rogers notes Zoom:

[…] additionally has an ID system that confirms the identities of potential staff and employers utilizing a consensus algorithm that verifies, validates, and authenticates non-public knowledge, and it creates validated work histories and reputations tied to these safe IDs to restrict fraud.

Zoom may also implement a, ‘”tribunal” system that offers a jury-like structure to review and resolve reported conflicts within projects and milestones.’

Looking Ahead

Nedyalkovis signifies that Zoom Tech is working arduous to ahead the combination of good contracts inside its net utility. The CEO additionally indicated the corporate’s upcoming seek for potential partnerships, in addition to an upcoming ICO.

We need to begin onboarding accomplice corporations for our MVP in a few month and a half, and launching our ICO round that point as nicely.

Zoom would be the latest firm to combine blockchain tech and freelancing, however it isn’t the primary. Bitcoinist beforehand reported the freelance exercise of corporations like Ethearnal and Coinlancer.

What are your ideas on Zoom Tech’s blockchain-integrated administration platform? Don’t hesitate to tell us within the feedback beneath.

Images courtesy of Shutterstock, Zoom Tech.

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