Ethereum based crypto jobs platform LaborX launches to match freelancers to clients

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A new decentralized employment platform for the crypto industry has been launched to fuel the gig economy by matching freelancers with clients looking for specific skills in the crypto field.

Today more than ever, work at home is an important part of many people’s lives. The rapid growth of the blockchain and crypto industries has created a gig economy that is perfect for remote working.

A new crypto job platform called LaborX was launched to cater to this niche economy by comparing employees with customers. The company behind the platform is Chrono.tech, which has been offering blockchain solutions for the HR department for three years.

LaborX is based on Ethereum and uses smart contracts to connect clients directly with freelancers. Users are protected by “digital working agreements”, escrow payments, a decentralized reputation system and an impartial dispute settlement process.

Payments are made in cryptocurrencies, eliminating unnecessary fees and middlemen. The need for such a platform has arisen from the failure of existing employment websites.

Current centralized websites for freelancers have a number of disadvantages, such as: B. high fees, unnecessary barriers to participation, fake accounts, dishonest reputations and guidelines for resolving unfair disputes.

LaborX was designed using smart contracts to streamline the process and add confidence to the freelance market.

By using digital contracts and crypto payments, the platform enables higher speed, security and transparency than traditional freelance platforms.

In addition, there is the added benefit of lower fees than traditional freelancer platforms between 0 and 6%.

A democratic dispute settlement center is the ultimate goal with the vision to give users the ability to choose mediators from the user base so that a nominated mediator can be paid to resolve a dispute.

A reputation module is also the key to a successful working relationship. LaborX has developed a system that enables employers to have more security as freelancers build reputations through feedback from previous assignments.

There are two other platforms that can be integrated into LaborX. A hybrid crypto exchange to make easy currency conversion easy called TimeX is the first and a crypto billing and payroll solution called PaymentX is another.

The trio aims to completely revolutionize the crypto gig economy and give customers and freelancers access to a truly global job market through a transparent peer-to-peer system.

In addition to the three interconnected systems, there is a stablecoin pegged to Australian dollars called AUDT that facilitates the transfer between cryptocurrency and fiat.

Remote working will only grow in terms of popularity and necessity, and smart contract-based solutions like LaborX will be key to the continued success of workers and tenants.

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