This Platform Uses Blockchain to Match Freelancers With Gigs
Rahul Kalvapalle — November 30, 2021 — Business
'FYDme' is an innovative new gig economy platform that aims to make use of the decentralized features of blockchain and cryptocurrency to enable freelancers, part-time workers and people with precarious professions to go about finding jobs whilst making a more reasonable pay without suffering a huge cut as a result of using intermediary services.
What's great about the 'FYDme' gig economy platform is the fact that it uses its own proprietary 'FYD' blockchain to ensure that payments are made in a transparent fashion without having to rely on the services and extra cost of a bank. What's more, the blockchain also makes it possible to store an array of data such as reviews and ratings in a secure manner.
Additionally, users only need a Google account to join the platform, meaning that there are practically no barriers to entry for freelancers looking to leverage the ethos of decentralization to find better job arrangements.
Image Credit: FYD
What's great about the 'FYDme' gig economy platform is the fact that it uses its own proprietary 'FYD' blockchain to ensure that payments are made in a transparent fashion without having to rely on the services and extra cost of a bank. What's more, the blockchain also makes it possible to store an array of data such as reviews and ratings in a secure manner.
Additionally, users only need a Google account to join the platform, meaning that there are practically no barriers to entry for freelancers looking to leverage the ethos of decentralization to find better job arrangements.
Image Credit: FYD
Trend Themes
1. Decentralized Gig Economy - FYDme's use of blockchain and cryptocurrency for gig economy can potentially disrupt the traditional centralized intermediaries in this industry.
2. Blockchain Payment Solutions - FYDme's use of their own proprietary blockchain for transparent payments can lead to innovations in payment solutions for other industries.
3. Simplified User Onboarding - FYDme's integration of Google accounts for user onboarding can disrupt the traditional sign-up process in various industries.
Industry Implications
1. Freelance Platforms - FYDme's decentralized gig economy platform can potentially disrupt traditional freelance platforms by offering a more transparent and cost-effective solution.
2. Payment Processing Industry - FYDme's use of their own proprietary blockchain for transparent payments can potentially disrupt the traditional payment processing industry by offering more secure and efficient payment solutions.
3. Identity Verification Industry - FYDme's integration of Google accounts for user onboarding can potentially disrupt the traditional identity verification industry by offering a simplified and user-friendly registration process.
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