There’s a shift occurring in the world, and you have a chance to be at the head of the pack. For years now, the economic landscape has been changing.
The rise of Bitcoin and Blockchain technology is having an interesting side effect. It’s beginning to return the ‘Power to the People’ in ways that are only beginning to show. The news is mainly focused on the financial aspect, and the prospect of hiding your money somewhere no one but you can find it, but there is a much deeper change taking place. One such sector of the economy this can be seen in is with the rise of the “Gig Economy”
The giant, behemoth companies with vast payrolls of workers at every level are starting to disappear. Corporations look to profit and avoid various costs, while the worker scrapes by. This has given rise to the Freelancer and Gig society. The 2017 data collected from Intuit shows that the gig economy now composes 34% of the U.S. workforce, this trend shows no signs of slowing down.
As this movement grows, there needs to be a set of rules to help protect those involved. But we no longer need the “rulers” of old, or the corporations that dictate their wishes. Freelancers need to know that they will get the funds they were promised when they complete their work with some protection against wasted time and money, and employers need to know they are hiring a reputable freelancer that will deliver a quality product.
This is where the Eternal Reputation Token (ERT) comes in. Because when it comes to Freelancing, your reputation is everything. So it’s only fair that all parties involved put a little of their reputation on the line. And since it can be difficult to put a value on reputation, each contract requires an agreed stake of ERT tokens, along with the Ethereum payment in escrow, which will be returned to each party upon either successful completion of the contract or expiration of the agreed upon time limit.
Up to this point, much of what has been discussed is already available in the real world without the need for blockchain. Sites like Fiverr are well known and established in the freelancing world as a secure source to conduct business. There is a rating system completed by previous clients that is publicly available to all who wish to see it before choosing a freelancer. How can blockchain offer more to this system?
In going back to the original Bitcoin Whitepaper by Satoshi Nakamoto, one of the defining themes was not only the permanent record transcribed on the blockchain, but more importantly the idea that a collective of honest individuals working in favor of the agreed upon record of the blockchain will not be able to be overtaken by greedy attacker seeking to defraud the system. This is the same theme that is currently missing from the gig economy. Protections for all parties involved as well as a means of handling contract disputes that is also fair and with stake.
The developers of the ERT token had this idea in mind from the outset. They designed a moderation structure that allows other token holders not involved in the original transaction to participate in the process as well as earn more ERT. And to help prevent misdeeds from the moderators, keeping them and the system Honest they too must put up a portion of their ERT (up to 33% of the staked ERT in the contract) which they risk losing if they vote in the minority.
At every level, all participants have a proportionally equal stake involved, which helps promote fairness and honesty. This is what give the ERT Ecosystem it’s greatest value. A level playing field of honest freelancers and honest employers conducting business verified by contracts on the Ethereum Blockchain.
Ethearnal is not just another ICO or token. Ethearnal is a community of reputable freelancers and employers who value honest, straightforward business transactions. The biggest difference is that participating in this economy is an investment in itself. As more people catch on and participate, the value of the ERT token will rise. With each successfully executed contract, 1% of the fees are used to purchase ERT tokens on the open market and then split between the two parties of the contract. This increases the market value of the ERT token, and it rewards both parties for participation in the community.
Bitcoin and Blockchain technology arose during a time in our world where trust and transparency were at an all time low. The big systems and institutions that govern our world faltered, and have since continued on a slow decline.
People are now stepping in to take their place as rulers of their own lives and the ones who will decide their destinies. The gig economy sprouted up on the web, nourished by websites like Fiverr. And like everything else with time, this too is evolving and strengthening. The explosion of blockchain in the 6 months has take the world by storm, and this is no different when it comes to the Freelancing economy. Projects like Ethearnal, Coinlancer, FreelancerCoin, and Blocklancer are all looking to take part in this movement and establish themselves, it’s easy to see which might just be about marketing, and which is holding true to the spirit of bitcoin and blockchain.
While there may be other freelance platforms out there, jumping on the blockchain bandwagon, only Ethearnal strives for the true meaning behind the movement. No centralized owners, rulers, or decision makers. No fat pocket at the top collecting fees from every level of the community. The one small fee that exists within the entire ecosystem, the 1% charge on the ethereum exchanged during the transaction, is immediately put back into the system to increase overall value.
Bitcoin and blockchain are helping humanity move back to more individual power and responsibility. Now is the time we all step up to do our part in the world. The internet has removed borders and other barriers to knowledge, community and business, opening a world that was previously closed off to many. As big institutions show their inability to deal with the issues of modern society, it’s time for the individual to step up and take personal responsibility for their lives and their financial future.
One of the fundamental concepts behind Bitcoin and blockchain technology is the decentralization of power or money or information… Now that this idea has been percolating in the consciousness of humanity for nearly a decade now, the effects can be seen. Too big to fail banks are no longer acceptable to the masses, and a decentralization of money is on the horizon. This has spilled over into our the world's workforce in the rise of the Gig economy.
Freelancing offers you the freedom to be your own boss and do the work you love to do, when and where you want to do it. Blockchain technology is opening financial freedom and independence to parts of the world that have never had it. Combine the two and you have a powerful force for transforming the world for billions of people. If you are ready to be active and take part in a peer-to-peer freelance system that is honest, reliable, and self-governed, all powered by the ethereum blockchain, check out the Ethearnal Ecosystem and see if it is something you would stake your reputation on.
This trend is only going to continue to gather strength as time moves forward, and the global landscape is going to look quite different in 10 years than it does now. As blockchain is the driving force behind this movement, those that adapt quickest will have a hand in shaping the future. Ethearnal has kept the original Satoshi Nakamoto whitepaper in mind in designing the future platform for the worlds gig economy, as well as adding some needed updates to the ICO process. For more information or to learn how to get involved, visit https://ethearnal.com/
Block chain has given dreams to people like us in steemit hoping to build a successful career via steemit and enjoy financial freedom. We can have the innovative of moving away from the traditional restriction of banking system and currency limitation!
Agreed, this Ethearnal guys are really on to something crucial.I can only respect their approach in dealing with the modern workforce difficulties and struggles.