The freelance and on-demand economy currently lacks principle standards needed for the creation of a trusting business relationship between freelancers and clients. To solve this issue, GigTricks has created an ecosystem powered by the blockchain. This will ensure more transparency, reliability, and trust among participants. Each action, including skill ratings and reviews, is verified via the blockchain. Thus, it will not be possible to forge anything within the system.
The aim of GigTricks is to come up with a 360-degree ecosystem for the on-demand and freelance economy. GigTricks is also a useful platform for fighting global recession. It ensures that talented young people have opportunities to find gigs at home and generate an income. To achieve this goal, GigTricks has utilized various advanced technologies. Here is one of the advanced technologies used by this platform.
The Hyperledger Technology
Hyperledger Technology was developed out of a need to fill up the shortcomings that the traditional blockchain has. This technology is designed to utilize the blockchain in a manner that is effective, therefore offering secure and private access to the decentralized ledger. In short, the hyperledger is a protocol composed of internet meta database, which can be used to maintain blockchains that are shared privately.
Meanwhile, the fabric in the hyperledger blockchain technology is the core networking part. The fabric is now responsible for making technology scalable and applicable for various businesses according to their requirements and needs.
GigTricks Freelance On-Demand Blockchain Features
GigTricks has various reasons why it settled on the Hyperledger fabric. The aim is to ensure the ecosystem is trusted, secured, and scalable for the members of the community.
Better Data Security
The Hyperledger fabric will allow participants in the ecosystems to store and share data and information privately within nodes on the blockchain. The fabric is modeled on the permission blockchain. It will incorporate a control mechanism, which will allow other participants in the ecosystem to gain access to data or protect data from others based on set protocols. Consequently, personal data and information are secured from public and unauthorized access, thus eliminating malicious activity.
The other reason to use the Hyperledger fabric is that it ensures transparency. In short, it does not allow public access to personal data but will let others in the ecosystem access certain data based on protocols and settings defined.
For example, when a user sets up his profile and completes orders over time, then the reviews by other clients, skill rating, and profile will be visible to all participants. However, others will not have access to the gig budget and private messages with clients. Thus, the Hyperledger will let GigTricks strengthen security and transparency at the same time.
Limiting Transaction Fees
For secure transactions, GigTricks will utilize the Ethereum blockchain. However, to ensure there are no transaction fees, the Hyperledger fabric will power the ecosystem. Thus, all transactions are stored on the Hyperledger fabric.
GigTricks GBTC Token ICO Details
The main ICO will take place between July and August 2018. The pre-ICO will start in about three days on April 15.
Allocation Of Funds
- ITO: 35%
- Team & Advisors: 15%
- Ecosystem Incentive: 20%
- Marketing & Bounty: 5%
- Liquidity Funds: 5%
- Treasury: 20%