eDEV: Decentralised Freelancing on the VPLedger Blockchain Platform

Conventional online freelancer platforms suffer from a series of major deficiencies. The right blockchain implementation can solve these, offering advantages for employers and workers alike.

In the highly connected world in which we now live, we take certain things for granted. Almost any piece of information we might need is right at our fingertips. We can talk in real-time to friends and family on the other side of the world. We can shop online from a global choice of stores and goods.

But some areas haven’t kept up with these rapid developments. It’s still hard to transfer money across borders; the legacy banking system makes this slow and inefficient, especially for smaller amounts of money. And while more and more people work from home, we still don’t have the kind of free marketplaces for services that we do for physical products.

The Problems of Online Freelancing

In the modern world, why shouldn’t we treat work the same way as we treat shopping – providing and acquiring work from a global market? Of course, a number of online freelancer sites do exist and some, like Upwork and Fiverr, have become industry standards for offering and finding services. 

But for all the many different online work platforms available, none deliver the same kind of benefits we are used to in other areas of life. Workers and clients alike have to contend with a series of problems that, in many cases, makes using an online freelancer portal more trouble than it is worth. The drawbacks include:

  • High fees. Platforms typically take a significant cut of freelancers’ pay. Moreover, there may be additional costs involved in moving money around the world, with PayPal or other payment processors charging their own commission. The number of currencies supported can also be limited.
  • Unscrupulous clients and opaque conditions. Freelancers may have to deal with delayed payments, or even have funds withheld entirely for arbitrary reasons, despite completing work to a high standard.
  • Fake accounts and reviews. Similarly, clients may struggle to find trustworthy freelancers, due to users who game the system. Unsuccessful freelancers with a poor reputation can simply create a new account and start from scratch – and possibly cheat to make themselves look more reliable than they really are.

Freelancing on the Blockchain

eDEV, a freelancer portal hosted on the blockchain, offers to solve all of these problems – creating a genuinely global, efficient marketplace for services.

In terms of user experience, it’s similar to the best conventional online work platforms. Freelancers can build up detailed profiles of skills and experience, much like you’d find on LinkedIn. Perhaps as importantly, though, each user’s account and review histories are immutably stored on the blockchain; once an action is taken and feedback is given, it cannot be changed, only added to. That enables clients to search through a large database of prospective workers, finding someone they can trust as well as who has the competencies they need. Alternatively, they can post their job and let freelancers come to them – again, checking applicants to make sure they are suitable.

eDEV offers a high degree of flexibility for managing jobs. As well as organising the work, it’s possible to track progress as tasks are updated, and request revisions if necessary – much as it would be in a regular job. Once sub-tasks or the full piece of work are complete, the client can approve them and release payment.

Easy transactions

Payments is another of the key areas in which eDEV offers fundamental advantages over conventional freelancer platforms. The software is combined with an integrated wallet, and it’s possible to make and accept payment in a wide range of currencies, quickly and with low cost. (Transfers of the same currency are zero-fee, while exchanges into another currency incur only a small commission – far better than the large ‘spread’ in the rates popular high street exchange services use.) Thanks to the blockchain platform on which eDEV is hosted, all payments are practically instant, even when money is sent across borders. Escrow and multi-sig functionality is used to protect funds and ensure payments are made on time – but not before.

In addition to this secure, efficient payments functionality, eDEV offers two further built-in features: crowdfunding, and a digital currency exchange. 

The merkle VPLedger 2

The first enables entrepreneurs and businesses to crowdfund the money they need to get a new project off the ground, and potentially reward supporters or investors. The second enables all users to convert different digital and fiat currencies and assets almost seamlessly – cashing out payment in one currency to a local currency, exchanging crowdfunded cryptocurrency into a more stable store of value, creating a balanced portfolio of assets from your earnings, and so on. Both of these are regulated and secure, with simple, low and transparent fees for all operations.

VPLedger: the Blockchain Under the Bonnet

All of this is possible thanks to VPLedger: a next-generation blockchain platform that provides the infrastructure for eDEV’s far-reaching functionality. 

VPLedger takes an ‘enterprise first’ approach to blockchain development – ensuring that the platform has not only the technical features that businesses need, such as Turing-complete smart contracts and throughput of up to 100,000 transactions per second, but the necessary regulatory features too. This includes identity verification as a condition of entry for every single user, carried out by approved third parties. The platform is run on a permissioned network, with validating nodes also subject to enhanced KYC. 

VPLedger is currently in testnet phase. Anyone can sign up for an account on the MVP, which will be migrated to the public mainnet early 2020. There are attractive offers for both individual users and businesses. Individuals can secure lifetime membership for just EUR 500, fully refundable upon mainnet launch. Lifetime membership includes ongoing benefits including reduced fees and the ability to generate passive income from a competitive referral programme. Meanwhile, businesses that sign up to use the platform are eligible to claim EUR 25,000 worth of Vimple tokens – the native means of payment for all products and services on VPLedger – enabling them to get started with diverse functionality including efficient payments, robotic process automation and smart contracts at reduced cost. 

This means that any user for any application built on VPLedger has already been KYC-checked. eDEV clients and freelancers alike will have undergone identity verification when they signed up for the platform as part of registering their profile information, if not before. As well as reducing the burden for businesses, this offers effective legal protections for everyone in the event of fraud.

Overall, this means that eDEV and other platforms on VPLedger can provide their services with all of the benefits of blockchain technology, including fast, low-cost transactions; transparency; immutable storage and reputation systems; and escrow functionality – without compromising on the user experience and compliance of conventional freelancer portals.

If you would like to find out more or are interested in joining VPLedger as a co-founder or becoming a seed investor in OpenLedger ApS, please get in touch with Ronny Boesing.

120 Comments

  1. 바카라 July 28, 2020
  2. 파워사다리 July 28, 2020
  3. 카지노사이트 July 28, 2020
  4. 파워볼사이트 July 28, 2020
  5. 토토사이트 July 28, 2020
  6. 안전토토사이트 September 20, 2020
  7. 토토 September 21, 2020
  8. 카지노 사이트 September 21, 2020
  9. 바카라 사이트 September 21, 2020
  10. 토토 사이트 October 1, 2020
  11. hvac contractor November 12, 2020
  12. 카지노사이트 December 15, 2020
  13. website January 13, 2021
  14. 우리카지노계열 January 13, 2021
  15. 사설토토사이트 January 18, 2021
  16. zortilonrel January 25, 2021
  17. cheap flights January 29, 2021
  18. cheap flights January 29, 2021
  19. Amyarbig January 30, 2021
  20. Kiaarbig January 30, 2021
  21. 안전놀이터 January 31, 2021
  22. ingilizce tercüme bürosu February 2, 2021
  23. tinyurl.com February 2, 2021
  24. cheap flights February 2, 2021
  25. Lisaarbig February 2, 2021
  26. http://tinyurl.com/ February 3, 2021
  27. Kiaarbig February 3, 2021
  28. Amyarbig February 6, 2021
  29. Kiaarbig February 7, 2021
  30. 인터넷경마 February 7, 2021
  31. Payday February 8, 2021
  32. Amyarbig February 8, 2021
  33. Kiaarbig February 8, 2021
  34. Amyarbig February 10, 2021
  35. find more information February 10, 2021
  36. cursos rateios February 10, 2021
  37. rateio de concurso February 10, 2021
  38. Slot February 10, 2021
  39. tinyurl.com February 11, 2021
  40. joker123 casino February 11, 2021
  41. Online Payday Loan February 12, 2021
  42. Amyarbig February 12, 2021
  43. Amyarbig February 12, 2021
  44. Online Loan February 12, 2021
  45. scrapbook para iniciantes February 13, 2021
  46. Amyarbig February 13, 2021
  47. Kiaarbig February 13, 2021
  48. Amyarbig February 13, 2021
  49. preco grama londrina February 13, 2021
  50. foto digital February 13, 2021
  51. Wordpress February 14, 2021
  52. Auto detailing bangor maine February 14, 2021
  53. hcos February 14, 2021
  54. Best Online Loans February 14, 2021
  55. Judi Online February 14, 2021
  56. Get A Loan February 15, 2021
  57. 건강식품 February 15, 2021
  58. Loans For Bad Credit February 16, 2021
  59. Lisaarbig February 16, 2021
  60. TS911 February 16, 2021
  61. Situs judi terpercaya February 16, 2021
  62. Hot Tub Cover February 16, 2021
  63. soalr energy in malaysia February 17, 2021
  64. Get A Loan February 17, 2021
  65. laptop repair ss15 February 17, 2021
  66. series flix February 18, 2021
  67. Online Loan February 18, 2021
  68. Lisaarbig February 18, 2021
  69. brindes February 19, 2021
  70. Spotloan February 19, 2021
  71. türk telekom hız testi February 19, 2021
  72. Gutscheincode February 19, 2021
  73. Payday Loan Online February 19, 2021
  74. Pay Day Loans February 20, 2021
  75. Stewart Stasko February 21, 2021
  76. Cash Loan February 21, 2021
  77. 카지노사이트 February 22, 2021
  78. Amyarbig February 22, 2021
  79. Online Loan February 22, 2021
  80. Lisaarbig February 23, 2021
  81. AI trends February 23, 2021
  82. browse around here February 23, 2021
  83. maplestory เถื่อน February 24, 2021
  84. Lisaarbig February 24, 2021
  85. arab chat February 24, 2021
  86. Fastest Payday Loan February 24, 2021
  87. Accessibility Testing February 24, 2021

Leave a Reply