Project information
WORKCHAIN is decentralized freelance platform, in which employers and freelancers meet. This is a completely independent decentralized system where contractors and employers can work together and enter into trustless smart contracts with reputation and money in escrow. We are trying to be transparent and create exciting opportunities for people all over the world. It is our main imperative to create trustworthy relationships between our users. Thus, all parties, moderators included, have strong and aligned initiatives to act honestly, since everyone has something of value at stake, as well as something to gain if the desired outcome is achieved.
Freelancers can create listings presenting their services and push them on the network using a web client. On the backend, we use IPFS (interplanetary file system) to keep and distribute their listings on a peer-to-peer basis. No servers needed. Many operations will be conducted on the cloud which is a big plus.
All token holders enter into a smart contract where:
- The employer has the contract value locked in smart contract-based escrow;
- Pre-agreed amount of reputation tokens are staked from each side. Each listing has a predefined amount of reputation tokens that needs to be staked in order to enter into smart contract based agreement with. The listing creator sets that value meaning that cooperating parties must uphold or object the announced value and abide by it;
- Predefined timeframe upon which if none of the following outcomes have been met, it self-releases everything back. That is just a safeguard to prevent funds from being indefinitely locked.
In the beginning, we might need to run our own nodes to boost that, while the network gains enough traction to take care of it on its own. People who need high quality work done must be interested in creating a healthy ecosystem where different personalities can easily mesh together. There might be a need for insignificant fees to publish a listing in order to prevent spamming the network. It will be negligible if using the system as intended, but it will add up to non-insignificant cost if spamming. If there is a need to implement that, all of the income will be distributed proportionally to the token holders.
Business / Product Road Map
Q3 2017
WorkChain.io Project Starts
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Q4 2017
Application Development Begins
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Q1 2018
WorkChain.io Closed Alpha Version Release
Public Release of WorkChain.io Vision
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Q2 2018
White Paper Released
WorkChain.io Public Beta on Blockchain
Product Launch #1: World’s First Immutable CV Created with workID
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Q3 2018
First integration with Proof of Work applications
First workPAY Test Transactions
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Q4 2018
Additional Integration with Proof of Work Applications
SDK for Proof of Stake Records
Product Launch #2: First Salaries Paid Through workPAY
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Q1 2019
Onboarding Employers
workPAY ADVANCE Beta Release
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Q2 2019
Product Launch #3: workPAY ADVANCE Lending Application Launch
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Q3 2019
Switch to Fully Decentralized Model
The good Team
Quick Links:
Author Profile : https://bitcointalk.org/index.php?action=profile;u=2160842
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