What Problems Is A Blue Whale Foundation Solving?

Blue Whale Platform, the decentralized system for the self-employed Blue Whale Foundation is set to rock the boating economy of a gig by developing a decentralized system to permit self-employed and the freelancers to gather rewards and job advantages from their participation.

Opposite the backdrop of technical disruption and offshoring, the gig economy is burgeoning internationally. Freelancers will make-up a whopping 55 percent of USA workforce by 2025. Consequently, P2P booking system like UBER and AIRBNB have seen an amazing rise in demand accompanying these moves in the job market. As the definition of job changes and evolves, the problems encouraged by freelancers and short time workers such as the absence of protection, and the insecurity of self-job will just worsen. This does not just affect the rising mass of freelances, but also the social agreement among GOVTs and workers.

User protection has also lower because of the murky lawful connection among freelancers and their platforms. This simmering frustration has made famous backlash, as concerned GOVTs in many states such as France have been started to crack down on a network like UBER and AIRBNB. Despite these worrying styles, no workable way has been suggested, until now. The Blue Whale’s ICO is set to rock the economy boat of a gig by connecting on Block-chain as a service to offer freelancers with employment advantages such as short time, and pensions usually avail just to salaried staffs.

Major problems of the industry

Freelancers and small and medium businesses (SMB) are faced with the following issues when providing their services and goods:

High expenses charges: Most centralized gig financial system networks take between 20-50% in expenses from every transaction. In spite of an advertised 25 percent commission each ride, booking platforms LYFT and UBER charge real, efficient commission fees of up to 42.60 percent after deducting booking charges.

Costly Marketing prices: A supplier continues with existing centralized networks even with the exorbitant expenses because these stages act as info aggregators. They decrease the search charges for potential clients by gathering them everyone on the single platform, with a regular interface and standardized communications. The AVG small business applying Google AdWords invests among 9k-10k USD each month and 100k-120k USD each year on their internet advertising campaigns only.

The absence of Security and No Employment advantages: The Existing gig economy platforms don’t offer any employment advantages, creating freelance work highly insecure for autonomous contractors. Ceasing work due to sick condition or relatives translates to an ending in income. The Blue Whale targets to change that for the superior.

Problem-solving by Blue Whale Foundation

The Worker Optimized Reward Keeper (W.O.R.K) system consists of the following 3 components:

1. Decentralized Associated Network (DAN)
2. Reward Bank (ReBa or RB)
3. Contribution Activity Manager (CAM)

DAN

The Decentralized Associated Network is developed by installing tools of SAAS such as software of booking on sites and social Networks profiles, transforming every site and social media profile into a node in the system. The DAN collects user information from internet traffic, much in the similar way which search engine and social media kings like FB and Google presently do. The most important purpose of DAN is to gather user info and build a DAN as a key business model of Blue Whale Platform.

ReBa or RB

The ReBa functions as a depositary for disbursing and receiving rewarded Blue Whale token (BWX) from providers to participants. Deposits in the ReBa will be utilized as welfare advantages for freelancers as follows.

• Like retirement pensions, rewards gained via referrals are saved in the Reward bank, and pay-outs will be made just after some period; in a monthly or lump sum.

• Sixty percent of the yearly net profits for Blue Whale Platform are reserved for offering paid to depart in case of events like unwell leave.

• In case the sum held in the set aside held in the Reward Bank falls below 20 percent because more rewards are drawn-out to for sick leave and paid leave than planned, the ReBa reserve will be filled by issuing novel tokens based on consensus.

CAM

The Contribution Activity Manager has been developed to allocate the rewards earned via supplier activities. Rewards are given for linking to the Advertising Network, resolving disputes via Arbitration6 & developing trust with the confirmation system.

ICO DETAILS

• Symbol: BWX
• Technology: ICON
• Token Features: Utility Token
• Full Supply: 52,800,000,000(Token Sale) + 52,800,000,000
• Hard Cap: 55,000,000 SGD
• Soft Cap: 25,000,000 SGD
• Accepted Currency: ICX and ETH

Pre-sale
Already ended

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For further details, you can visit these links:

• Website: https://www.bluewhale.foundation
• ANN: https://bitcointalk.org/index.php?topic=3135032.0
• Whitepaper: https://www.bluewhale.foundation/assets/Bluewhale_White_Paper_ENG_V.pdf
• Facebook: https://www.facebook.com/bluewhalefoundation/
• Telegram: https://t.me/bluewhalefdn
• Twitter: https://twitter.com/BlueWhaleFdn
• Youtube: https://www.youtube.com/channel/UCj6pXevvLiO7YHm0fOMvwhw
• Reddit: https://www.reddit.com/r/BlueWhaleFdn

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