Workplace transformation is one of the key changes currently taking place in the world of business. This is because as stated by Nasdaq, 43% of the US workforce in 2020, will comprise of freelancers. As a result of this trend, co-working spaces such as We Work have seen exponential growth. Data provided by Career Builder reiterates this point of how in 2016 and 2017, there was a 47% jump in the talent recruitment of such freelancers. The hiring of freelancers enables companies the freedom to quickly execute tasks rather than waiting for the opportune moment. Additionally, there are financial savings and fewer legal hassles. However, a lot of the present freelance work platforms such as Fiverr or Upwork provide an unfair deal to the freelancers themselves as they charge a substantial portion of the revenues. The payments are also one time, even for content created with repeated usability. This is where the use of blockchain can be of massive benefits to all. Open Bazaar and Deconet are two such companies that have already started this allowing seamless financial transactions. It also provides for better collaboration among a network of freelancers.

Source:https://www.forbes.com/sites/yoavvilner/2018/10/06/the-financial-future-your-freelance-work-with-new-technologies-such-as-blockchain/#4aab29f44f9b

Uploaded Date:23 October 2018