Blocklancer - First Job Market to Combine Ethereum and IPFS Technologies

It is our belief that a completely self-regulatory system is the best solution for a Freelancer platform such as Blocklancer. Therefore, we have created a new form of job market: The Distributed Autonomous Job Market (DAJ for short). DAJ is our vision of the job market of the future and our proposed solution for many of the underlying problems currently faced by freelancing platforms.

Most of the decisions made on our platform are in the hands of the Tokenholders, which means that there won’t be one single authoritarian instance with an uncontrollable amount of influence on the market. This effectively puts the power in the hands of the Tokenholders, giving Freelancers and Clients a more fair way to transact.

The Tokenholder Tribunal, which will be explained in detail further below, is one example of a decentralized, self-regulatory system for settling disputes between Clients and Freelancers. The Tokenholders can also vote on changes to be made on the Blocklancer platform, such as the amount of fees that have to be paid for a contract made via Blocklancer https://www.blocklancer.net/

The Blocklancer platform is intended as a means to revolutionize the process of freelancing and improve the cooperation between the freelancer and the Client. It is going to solve many issues involved in the Freelancing process, including but not limited to:

● refusals of payment for the agreed-on amount of money for a project,

● fake or undeserving reviews, and

● the uncontrollable influence and abuse of power of a central authority figure

Market and Industry

Freelancing is one of the fastest growing markets in the world1 with the Freelance workforce being comprised of 55 million workers, compared to 30 million workers only 10 years ago, almost doubling within the short time frame. Freelancers currently represents approximately 35% of the U. S. workforce.

The whole Freelance workforce has earned a combined revenue of an estimated $ 1 trillion1 this past year, making up a significant share of the U. S. economy. That’s not all: The freelancing world is an ever-growing market with more and more people getting into freelancing every year. In a survey, nearly half of all the Freelancers currently active in this field of work saw an increase in demand and are expecting to raise their revenue in the coming year as well. If only 0.01 % of the Freelancer community were to use our platform – which is feasible for our project - the amount of money in circulation on our platform would exceed $100,000,000, resulting in a yearly Tokenholder distribution income of $ 3,000,000 at 3%

fees

Problems in the industry

We now discuss the most pressing concerns Freelancers face with the current market and

freelancing platforms, or websites that offer jobs. An overview of the problems we will cover

below:

Unnecessarily difficult receiving payment from Clients
Clients leaving undeserving/negative profile reviews
High fees on current freelancing platforms
Unlimited centralized power on current freelancing platforms

The Token

Blocklancer Platform Processes

In Blocklancer, we implemented a wide range of processes. There are processes for:

offering jobs,
applying for jobs,
doing reviews, and
The Tokenholder Tribunal.

System Architecture

Blocklancer is the first decentralized and serverless job market. We accomplish this by combining existing technologies like Ethereum and IPFS. Because the blockchain technology is still in the architecture building phase we also implement our own, proprietary solutions.

The ICO Blocklancer

Buying Blocklancer Tokens will be open to everyone in the form of a crowdsale by pledging Ethereum into the smart contract. If you don’t have Ethereum, you will be able to convert other cryptocurrencies via a third-party conversion service at the main page. During the first hour of the sale, tokens will be available at a rate of 12,000 LNC to 1 ETH. After the first hour, the rate changes to 10,000 LNC to 1 ETH for the first 10 million Blocklancer Tokens and this rate decreases by 1 % for every 10 million tokens sold. 10% of the tokens will be kept by the developers and 2% are reserved for the Bounty.

35% of the funds raised will be used to improve the Blocklancer platform. 10% of the funds will go into general administrative purposes, 40% is reserved for marketing expenses in order to improve the reputation of our platform; increase Freelancer-Client platform user-base; and to increase acceptance of cryptocurrencies. 3% will be used for our IT infrastructure and 2% for all the necessary software licenses. The last 10% is meant as a reserve for

miscellaneous expenses along the way; a financial buffer, so to say.