Is blockchain going to be the future of freelancing?

Is blockchain going to be the future of freelancing?

The number of people seeking to escape the rigid demands of the 9–5 corporate environment and choosing to work from home as a freelancer is rapidly increasing in the freelancing industry.
COVID-19 has accelerated openness to remote working.  In March 2021, Freelancermap conducted a worldwide survey to understand how freelancers feel one year after the pandemic’s start and how their situation has changed. 73% of the participants surveyed were satisfied with the current freelance project market, and this trend is confirmed worldwide. Due to the COVID-19 pandemic, many companies are now cutting costs and exploring new contractual resources like freelancers.

Is freelancing the right path to financial independence?

One of the most significant advantages of being a freelancer is deciding whom you want to work with. Freelancing provides a fantastic amount of freedom and flexibility, but it also takes discipline, motivation, and hustle.
The demand for talented freelancers has been growing over the years, and as a result, many freelancers can determine their rates and work on projects they are passionate about. According to this Inavero report, hiring managers expect a 168% increase in the amount of work done by flexible talent (freelancers, temporary, and agency workers) in the next 10 years.
Full-time freelancing is an excellent fit for those who are self-motivated and enjoy independence.
Cryptocurrencies offer several solutions to these massive gig economy problems and will revolutionize the freelancing industry. By using smart contracts and crypto payments, freelancers will have the certainty that funds will be released automatically, and they can track whether payments have been made. One can set up systems and processes to generate consistent gigs as a freelancer.

How to be a successful freelancer

So what’s the big deal? Why is freelancing the future of the work?
The latest freelancing statistics show the freelance workforce is growing faster than ever before.
Professionalism and the ability to work on several projects simultaneously while continuously pursuing other opportunities are part of what it takes to establish a freelancing career.

Some freelancers stand out among their peers in the freelancing market because of their qualities and marketing strategies. Becoming a great freelancer involves perseverance, dedication, and a never-ending effort to overcome obstacles.

What is a DeFi platform?

Decentralized networks are replacing the highly centralized hierarchies of the past. DeFI is short for, decentralized finance“, an umbrella term for various financial applications in cryptocurrency or blockchain geared toward disrupting financial intermediaries.
DeFi works off a public decentralized blockchain network, stablecoins, and DeFi apps, also known as Dapps. If you are a freelancer, you must understand some significant advantages of using DeFi, including cost, speed, and security. Choosing a decentralized payment method is becoming increasingly common as large institutions and small companies begin to accept digital currency as payment. No single 3rd party authority will be able to control or limit a freelancer’s income.

What is a decentralized freelancing platform?

Smart contracts and blockchain technology will lower transaction costs and change employee-employer interactions, resulting in more decentralized work. Decentralized freelancing platforms aim to reduce or eliminate processing fees. This results in clients saving money and freelancers earning more. As simple as that. The DeFi ecosystem adds transparency, stabilization, and efficiencies to global finance.

HYVE - A decentralized freelancing platform

Founded in 2018, HYVE is a community-governed ecosystem that streamlines the cooperation process between professionals in the global multi-billion freelance and workforce market.

Thanks to the inherent advantages of decentralized technology, the HYVE ecosystem is globally accessible. All types of freelancers can find jobs here, including software developers, social media managers, content writers, web and graphic designers, virtual assistants, translators, software engineers, etc. It’s straightforward to filter based on the job you’re seeking.
Freelancers can set up their profiles with all the essential information, the type of skill sets they have, and the services they provide.

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