Existing freelancer marketplaces struggle with high fees and low payments as well as delivering consistent quality of work
Create a decentralized freelancer marketplace using Cardano blockchain that offers instance payment, low fees and fair dispute settlement
This is the total amount allocated to ADALancer.
Objective
Build a blockchain based marketplace for outsourcing software projects and IT services where clients can connect to freelancers and IT Agencies that match their criteria and requirements.
Enabling trust and transparency between client and freelancers.
Increase the potential for pioneer freelancers & IT agencies to have more clients.
Mission
The first platform allows individuals to create a virtual software company and prove reputation using blockchain decentralized autonomous organization smart contracts.
to create a blockchain freelancing platform that solves every existing problem with the current centralized platforms like
Commissions and Payment:
The commissions can be as high much as 30% for freelancers. Also Payment withdrawal in some platforms can take up to 2 weeks. in addition to fees of the international payment network around 2%.
Limitation on project value from payment network.
The absence of milestone payments in the contract for large projects or ongoing contracts as a support engineer.
Unfair Dispute Settlement Clients have changing requirements and freelancers have to deal with these changes. This can be very challenging for freelancers as some clients require a specific output also sometimes client need help in documenting his requirements, Besides this, the feedback system for freelancers tend to be skewed towards the client since freelancers have to make the deadlines or else they won't get paid or even worse an undeserving review will be given to them. This will ultimately have an adverse effect on their earnings, and ratings. Ratings play a big part in the freelancing market as it dictates the amount of work a freelancer can secure
Centralized Authority: All existing freelancing websites have sole authority over the decisions of the platform. This includes the suspension of accounts without any valid reason. This results in the withholding of funds earned by the freelancer for the work he/she had delivered. Whenever this happens, trust and faith is lost.
How ADALancer manage all these problems? Blockchain technology has made it possible to provide solutions such as decentralized marketplace, instant payment, low fees, security of funds and feedback mechanism.
Here are some major characteristics which make ADALancer unique from other freelancing platforms:-
Instant Payments: smart contracts are going to be deployed that are going to act as an escrow medium with predefined conditions and rules to facilitate a smooth transaction between the client and freelancer
Decentralized platform: We aim to introduce a decentralized autonomous organization marketplace, opened to its community as specialized token holders "TA" will be able to decide on a particular matter in an incentivized manner. This leads to a more transparent and trustless system without having a third party making the decisions
Dispute Resolution: Conflict resolution is carried out using smart contracts that ensures neither party get any payment problems or undeserved reviews. If either party is unsatisfied, an independent panel of TA will deliver a verdict on the matter while being rewarded for their participation.
Low Fees: We aim to charge only 3% of the contract price. It is considered a low fee due to eliminating the middleman cost.
Actors
Client
Is a business owner could be a person or an established company looking to find the best matching freelancer or software provider with specialized skill to provide the required software project or IT operation service with good quality and effective cost under certain SLA .
The client project scope should be one of the below:
The client project type could be one of the below
I have more than 20 years in IT development and Architecture including the blockchain technology and adoption.