Startup To Solve Major Problems of Gig Economy By Building A Decentralized Network
In early 2018, a team of entrepreneurs in Singapore launched a startup called the Blue Whale Foundation, aiming to overcome the crucial problems of sharing economy, such as high commissions and no employment benefits for the self-employed. In the future, the Blue Whale platform could let any freelancer or small to medium enterprise (SME) scale their businesses and release their own token without giving up equity.
When an Uber-driver’s dream come true
In the early 2010s, the gig economy – also known as the sharing economy – boosted the rental markets, the short and long-distance rides markets, and the freelance markets. Behind this boom were platforms like Airbnb, Uber, Blah-blah-car, Freelancer.com, and numerous local copies of those platforms.
Since then, the euphoria has died down, and the army of self-employed workers and freelancers have had to come to terms with several crucial problems. These obstacles include high commissions at marketplaces, high marketing costs of using platforms such as Facebook and Google, and the total absence of employment benefits for those who are self-employed, such as paid leave or pension.
Read More: Coin Telegraph
