Atlas.Work - The World's 1st Decentralised Platform for Freelancing
With the advent of AI and automation, many jobs will be lost in future. Some economists anticipate a wave of job loss affecting around 47% of the existing jobs in the US.. As per study conducted by McKinsey & Co., this figure is estimated to reach 800 million by 2030.
Further, to maintain financial efficiency and improve operating profits, in future, many companies will replace their Full Time jobs with Freelancing jobs, which will help them in following less labour' compliance requirements and save costs associated with employees' insurance (healthcare and medicare), retiral benefits and social security.
The World Economic Forum (WEF) has predicted that the future could be dominated by freelancing, or a concept known as the "gig economy". The gig economy is estimated to be worth about $ 1.3 trillion by 2025 as per research report published by McKinsey Global institute. It is projected even high quality jobs like 'consulting' and 'internet research' will move towards freelancing.
CHALLENGES
There are current challenges facing the freelancer industry such as: -
High fees (upto 20% of total service price) charged by market leaders - Online platforms such as 'Freelancer.com', 'Upwork'
Conformance to federal labour laws or the labour laws of the respective countries they operate from
These challenges can be solved by using a freelancing platform operating in a decentralized environment and adopting blockchain technology. By making basic profile details of freelancers public, a decentralized platform can bring freelancer markets closer to people while increasing the trust factor in the ecosystem.
But Do We Have Such An Existing Ecosystem? The answer is 'Yes' and the platform name is Atlas. The entity behind the creation of the Atlas blockchain, the Atlas utility coin (WORK) and the concept is "Atlas.Work".
ATLAS ECOSYSTEM
The Atlas ecosystem is a decentralized platform that supports the Fourth Industrial Revolution while enabling the future of work i.e. 'freelancing', 'employment based decentralized applications', and 'smart contracts which bring the client and freelancer on a common platform without involving fraud and any 3rd party interference'.
BENEFITS OF ATLAS PLATFORM
Users can apply for freelancing jobs and projects while clients can pay for the services provided by freelancers and users registered on the Atlas platform for which they will be paid in cryptocurrencies or Atlas tokens (WORK)
There will be 0% fees levied on the freelancer for receiving his form of payment in WORK tokens on the Atlas platform
SERVICES OFFERED ON ATLAS PLATFORM
The following services ill be offered on the Atlas platform. The service provision is broadly classified under 3 categories:-
- Jobs
- Users
- Decentralised Arbitrary Systems (DAS)
1. Jobs
The Atlas platform will provide a simple, instinctive and user-friendly marketplace for posting projects of all sizes. Jobs and projects posted on the Atlas platform will be accessible from different mediums i.e. mobile, desktop or Atlas client application.
1.1 Creation: - Jobs can be created on the Atlas platform using basic information such as 'Task Description', 'Budget', 'Duration', 'Competency Requirements' etc.
1.2 Discovery: - The core feature of the Atlas platform is 'Job Discovery', with a goal to provide the right kind of jobs to users and freelancers with right set of skills and competencies.
1.3 Career Guidance and Virtual Assistance: - The Atlas project is more than just a platform; it will help users to gain more insight about existing projects hosted on the platform for work. Further, using AI algorithms, virtual assistance will be provided to users with advice and instructions with detailed action items to improve their (users') results.
1.4 Engagement: - The Atlas project will provide real time communications between clients and freelancers in form of messaging app and inbox (email system), through which freelancers will receive official communications on work projects from Atlas.work (i.e. company), clients and potential clients.
2. Users
2.1 Skill Tests: - The Atlas platform will host a lot of free competency tests covering a wide range of topics from English grammar sessions, XML training to Adobe applications to improvise their existing skills and become more competitive in the market.
2.2 Team Builder: - This feature will provide the essential tools for freelancers to work on larger projects.
2.3 Moderators Incentives: - Incentives will be offered to users participating in arbitration cases between clients and freelancers when a dispute arises.
3. Decentralised Arbitrary Systems (DAS)
DAS is a sub-platform where moderators will be provided an opportunity to participate in the dispute resolution centre, which aims at resolving work related disputes between clients and freelancers. Moderators will be suitably rewarded for their decisions and efforts.
WORK TOKENS
WORK coin is the utility token used on the Atlas platform. The Atlas platform will be hosted on the Ethereum Blockchain Network, and the WORK tokens will be ERC-20 compliant tokens.
The total supply of WORK tokens is fixed at 40 million tokens.
TOKEN DISTRIBUTION
WORK Tokens will be distributed in the following pattern
5 Million Tokens (12.5%) - Accredited Investors
5 Million Tokens (12.5%) - Marketing and Promotional Activities
6 Million Tokens (15.0%) - Company Reserve / Distributed among Atlas project' Advisors
24 Million Tokens (60.0%) - Mining Community
[The founder's share will be time locked, withdrawable only after 24 months.]
FUNDING BREAKDOWN
A. Development (70%)
The funds under this category will be used to setup an office in a prime location and to cover other operating expenses, including, expenses incurred on day-to-day operations and to hire resources (including developers) to support the project.
B. Marketing (20%)
The funds under this category will be used for marketing and promotional activities of the company while attracting more clients and users, including freelancers to the platform.
C. Legal (10%)
The funds under this category will be used to cover the lawyers' fees and costs associated with other legal processes and paperwork required for smooth functioning of the project in a legal way.
SYNOPSIS
Thus, the ATLAS project is one of the most awaited projects in the field of freelancing backed by the concept of a decentralized platform and driven by the blockchain technology. The Atlas project aims to work on solving the current challenges faced by the freelancing industry by providing services at minimal fees (in fact at 0% fees) while bringing clients and freelancers / users around the world on a decentralized common platform. Such decentralized approach also helps in maintaining minimal conformance to labour laws of respective countries.
For more details on the ATLAS project, please refer the following links: -
website:- https://www.atlas.work/
whitepaper:- https://www.atlas.work/whitepaper-viewer
Litepaper: - https://www.atlas.work/litepaper
Join @Telegram:- https://t.me/joinchat/G98o6A15WNPrQ_jgjCscmQ
Follow on Twitter:- https://twitter.com/AtlasWorkCoin
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Follow on Medium:- https://medium.com/atlas-announcement
Published by 'Sameer S'
Disclaimer:- Nothing written in this article should be considered as legal or investment advice. Kindly conduct your due diligence before investing in this project.