blockchain era

The industrial revolution was arguably the largest technological paradigm shifts in the last millennium, and was responsible for catalyzing the structure of modern society as we know it. As the driving force behind the geopolitical ecosystem that exists today, the industrial revolution had far-reaching consequences.

Many of us, however, make the mistake of assuming that the industrial revolution took place all at once, emerging from a vacuum to suddenly spread across the entire planet. In reality, it took decades for some of the most important inventions of the industrial revolution such as the cotton gin and the steam engine to spread internationally. The slow refinement of this relatively new technology was similarly slow, taking years have a major impact on the lives of everyday people around the world.

The steam engine is an example of the slow adoption rates of transformative technology. The earliest precursors to the steam engines that powered the industrial revolution existed as early as the 18th century, but it took more than a century for the technology behind them to be refined to the point that it would assist the inhabitants of the British Isles in the civilization of the planet.

The recent wave of digitalism that began with the development of ENAC, the first computer, in 1943, has been described by many historical observers as the “Industrial Revolution 2.0”, and is still occurring today. The rapidly evolving digital environment in which we live appears to be on the cusp of another paradigm shift, dramatically increasing the ubiquity of technology-based jobs, shared economies, and online platforms. The single unifying element between all of these disparate systems is the internet.

The Digital Revolution

One of the first truly transformative economic effects of the internet on the world was the development and rapid adoption of online job portals. Platforms such as Monster and Indeed brought online job applications and the possibility of remote work to job seekers around the world.

The latest innovations in the online employment ecosystem have optimized the online working environment itself, manifesting as digital workspaces such as Slack, as well as app-based employment and e-commute jobs.

Other platforms such as Fiverr and Upwork have provided individuals with the ability to operate as location-independent freelancers, revolutionizing the way in which services are provided. This development has created entirely new markets and opened up a vast range of opportunities to individuals living in developing regions. Platforms such as Uber have revolutionized the transportation industry.

While the internet has dramatically changed the employment ecosystem, the creative destructive process of innovation is still catalyzing mutation. In a similar manner to how the slow adoption and refinement of the technology that drove the industrial revolution manifested in the creation of the steam engine, the refinement of digital employment platforms has led to the integration of blockchain technology into the online job market.

Blockchain-Based Job Portals

Blockchain-based job portals are currently positioned to deliver a decentralized, horizontal, open, and fair job market. There are currently two platforms in the blockchain ecosystem that, although in the nascent stages of development, show a great deal of promise in reframing the job market.

Ethlance is an innovative job portal built on the foundation of the Ethereum network. While the platforms is currently underutilized outside of the finite scope of crypto enthusiasts and traders, the Ethlance platform is one of the very first blockchain-based job portals in existence.

Chronobank is another blockchain based job portal that functions as both a recruitment portal and decentralized human resources management platform. While Chronobank is currently limited to a select range of verticals such as warehouse staffing and construction, it shows a great deal of promise.

The Blockchain And Education

One of the most notable recent developments in the blockchain ecosystem is the creation of blockchain based education platforms. Israeli startup Bitjob has created a complete ecosystem launched off the back of an ICO for the STU token. The Bitjob platform aims to provide students with the ability to earn value for their talents, as well as access discounted school gear and travel.

With the sheer amount of innovation that is occurring not only in the education and employment sectors but also in virtually every other industry worldwide, blockchain technology is set to catapult the world into the next iteration of the industrial and digital revolution.

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