How Blockchain Can Transform The Freelance Market: A Case On pixby

Kryptarion · October 3, 2019

Recruitment of staff is perhaps the most important operation of any company; the members of the organization are the main driving force for success. Every organization places paramount importance on the recruitment of staff. The past decade has seen a tremendous increase in the number of freelance staff hired by companies and businesses. This great development is particularly practiced by cryptocurrency project. More than 60% of cryptocurrency teams are comprised of different members from across the world who are not housed in a particular office or building.

Freelancing is a massive prospective industry. It is reported that around 57 million Americans are doing freelancing works. Another report showed that the numbers of freelancing in Europe has increased by 45% from only under 6.2 million to 8.9 million in 2013. However, even with the boon in the freelance market, the current freelancing agencies and platforms are severely flawed as the vast portion of them are not transparent enough, coupled with the fact that the platforms take most of the earnings of the freelancers in charges and platform fees.

A Change in the Freelancing Process

Pixby has correctly assessed the major problems in the freelancing as lack of transparency and extortive cutback fees and charges placed on freelancers. And despite freelancing industry having such a high value and huge prospect in changing the hiring and employment process, the existing platforms have contributed to limiting the effectiveness and efficiency of freelancing.

Pixby allows freelancers to have 100% control of their profits. Freelancers are allowed to work on a platform that strikes the balance between the interest of both the clients and the freelancers. This is done through the escrow service by Pixby.

The escrow service — How the platform works

The design of Pixby platform allows it to oversee the transactions that happen between the freelancers and the clients. This ensures that the two parties involved are satisfied with the services rendered.

Pixby's escrow service is the core of its platform. It allows the users of the platform to perform a straight and safe p2p transaction. When a client or employer hires a freelancer on Pixby platform, the asset-payment made by the client is held in store by the escrow service on Pixby. The payment is locked and not sent to the freelancer until the employer confirms that the service is rendered as described in the contract. In a case of problems in the transactions, payment will be processed by the support team based on the evidence provided by both parties. This way the transactions are done cleanly and the interest of both the freelancer and the client are protected in the most transparent manner, thanks to blockchain technology.

Value offerings of Pixby Platform

Pixby project is cored on transforming the hiring process of businesses through freelancing. The project will also process a vetted profile of the freelancers on its platform, This saves companies money as information does not need to be verified over and over. Research has shown that the current time for interview process has almost doubled in length in the past decade; Pixby will greatly reduce this as companies won’t need to expend valuable time and money to research a freelancers profile as a credible and verified detail of the freelancer will be available to the client. This factor eliminates the consideration of operational security from the equation when deciding on a new hire as all freelancers ’ information is equally credible.

Another benefit is that the cost of hiring a new candidate is greatly reduced with respect to both time and money. This way if a new hire is unable to meet the needs of the company, it won’t be too difficult to replace him or her.

Businesses and companies will be able to optimize the employment process by hiring the best freelancers in terms of qualification and skill. Hence, they won’t have to worry about turnover costs as much as they do with regular staff in case they need to replace a low performer.

Benefits for the freelancers

Pixby isn’t just a boon for the freelancers; it also provide a great opportunity to the hopeful employers and clients. A gallup poll recently showed that most Americans hate their current jobs. Most people are simply not able to get their foot in the door they want to be in and so they are forced to settle for what comes their way. This leads to an ineffective matching of skills with requirements. People will very easily prefer to work at their convenience. The business world will function a lot better if everyone was able to conveniently choose when, where, what job to do. In an effort to make this a reality, Pixby is making way for a new means of professional freelance engagement.

Wrap-Up

Pixby is offering benefits to freelancers, employers, and the entire economy. The platform offers a solution that optimizes the hiring process and provides a means to perfectly match freelancers with the best clients.