How people work has changed a lot in recent years. In the past ten years alone, the employment sector has become extremely automated and digitized. There is a new generation, which demands more from their career and this trend is only going to continue.
Perhaps one of the most defining changes in how people work has been the emergence of the gig economy. After the financial crisis of 2008, there was a major uncertainty in the job market. Career paths were destabilized and opportunities for young graduates dried up in just months. It was then that people began to realize that the 9-5 job was not a secure option.
Freelancing Is On the Rise
Today, most employees are choosing their own paths. Combined with a need for adaptability, there is more desire to build a diverse experience. The world in which we live makes it possible for people to do this. Such as a boom in freelancing that almost 40% of businesses in the US expect to grow their freelance workforce in the coming five years.
There is a major benefit for employers too. Freelance workers come with skills that are beyond the ones offered by the core workforce. This way, the business can save money by only hiring talent when they need it.
Current Issues Hiway Seeks To Solve
Right now, the freelance world is dominated by traditional recruitment agencies. These agencies make billions of dollars in revenues each year. Annually, they help to place about 62,000 employees.
However, this central way of working is faced with numerous challenges. The employment industry has yet to embrace modern technology. These archaic technologies used in the employment sector lead to inefficiency and high costs. Besides that, they have major issues of scalability.
Besides that, the agencies have suffered from bad reputations for many years. They usually have issues of equality and diversity. Thus, there has been a lot of pressure to eliminate factors that contribute to discrimination.
Because of lack of transparency, the agencies have also suffered a lot of discrimination. The result is that workers are turning to freelance to avoid the muddy process of working with recruitment agencies and the HR departments.
The Hiway Blockchain & AI Workforce Marketplace Solution
The freelance economy has led to the development of major platforms. However, these platforms also have some issues. To solve these issues, the developers are creating a platform powered by the blockchain. They will combine it with big data and AI.
The blockchain makes it possible for people to trust each other without a third party. With this technology, it will become possible to eliminate issues of discrimination. Besides that, there will be lower fees and smoother exchanges. Hiway will connect people with skills to businesses that need them.
Developers of this platform believe that Hiway can truly address challenges that hold the employment industry back. The end goal is to empower those that need jobs to find them with ease.
Hiway WAY Token ICO Details
Parameters Of The ICO
- Token Ticker: WAY
- Pre-Sale: August 15, 2018 – August 21, 2018
- Token Sale: September 17, 2018 – September 30, 2018
- Country: Netherlands
- Platform: Ethereum
- Token price: 0.14 USD