An Ethereum based plat for freelance community www.coinlancer.io2Table of ContentsCoinlancer TokenCurent Frelance MarketFreelancing IssuesCoinlancerICOTeamMoving Forward3-67-1819-2324-2526-323334-37www.coinlancer.io3OverviewAbstractCoinlancer is an Ethereum based freelancing plat which uses blockchain technology to create a more meritocratic freelancing ecosystem. The protocol design uses smart contract based escrow mechanism, creating a plat fair to both clients and freelancers. Coinlancer aims to reinvent the freelancing community, using latest blockchain technology and virtual curencies. Freelancing IsuesCoinlancerCoinlancer TokenICOMoving ForwardTeamCurrent Frelance Marketwww.coinlancer.io4OverviewOverview of the Frelance Market Demographics is one of the key reasons that has seen the freelance market grow by leaps and bounds over time. Multiple websites have been established linking the clients with potential freelancers besides facilitating the payment for the work done. Working online as a freelancer exposes one to various risks. Some of these risks include identity theft, lack of guarantee for hours worked pay, fake reviews, and so on.Freelancing IsuesCoinlancerCoinlancer TokenICOMoving ForwardCurrent Frelance MarketTeamwww.coinlancer.io5OverviewOverview of the Frelance Market Despite the demerits and risks in this industry, it is a rather lucrative one. One of the most popular plats in the freelance workspace is Upwork. In the year 2014, the company recorded 941 million in freelancer earnings. In the same year, the entire industry generated an estimated 3.2 billion. Considering the rate of population growth and the gradual increase in internet literacy, the freelance industry is bound to grow further. In fact, it is estimated that the industry could grow to 10 billion anually in the next six years. This, therefore, means that there is an inherent need to undertake measures to curb some of the challenges faced by freelancers presently. Blockchain technology is an optimal solution in this regard. Freelancing IsuesCoinlancerCoinlancer TokenICOMoving ForwardCurrent Frelance MarketTeamwww.coinlancer.io6OverviewProblems with Current Freelance Sites 1- 500 501- 9,999 10K above20 105Upwork is one of the renowned companies in the freelance space, and until recently, a freelancer loses about 10 of the amount paid by the client to the website. It requires the freelancer to pay the site 20 on the first 500 earned, 10 on 501-9,999 and 5 on 10, 000 and above. The catch in this structure is that the fees are charged on a per-client basis. For instance, logo maker deals with several clients on a daily basis, which means they will be charged 20 on their earnings quite often. In other words, about one-fifth of their earnings will be lost to fees. Freelancing IssuesCoinlancerCoinlancer TokenICOMoving ForwardCurrent Freelance MarketTeamwww.coinlancer.io7OverviewIssues in the contemporary frelance Another issue faced in the freelance industry presently is the safety of the funds for the players in the transaction. This can be remedied by the use of multisignature escrow. This would ensure that funds for the client, freelancer and facilitator remain safe. Another issue faced in this market is particularly dear to the freelancers themselves, and that regards fees charged per job. Freelancers lose a good percentage of their earnings to the mediators. These mediators are technically existing freelance companies such as Upwork, freelance writing service and Fiver among others. These mediators could potentially be eliminated through an established network that would act as a link between the freelancer and the client, demarcating any surcharges. ClientFrelancerMediatorFreelancing IsuesCoinlancerCoinlancer TokenICOMoving ForwardCurrent Frelance MarketTeamwww.coinlancer.io8OverviewBesides above-discussed issues, the freelance market is faced with another major challenge regarding identity theft. Hiring people on the freelance websites exposes the participants to the risk of identity theft especially if their private user ination is acessible. Freelancers stand at a greater risk of identity theft than the other participants in this arangement. For instance, a malicious individual may steal John’s identity ination. John is a qualified acountant with an incredible rating on the freelance website. The malicious individual then goes ahead to request for work charging 10 per hour. While the malicious person may benefit from this move, the integrity of the person whose identity is being wrongly used could be compromised. Issues in the contemporary frelance Freelancing IsuesCoinlancerCoinlancer TokenICOMoving ForwardCurrent Frelance MarketTeamwww.coinlancer.io9OverviewIssues in the contemporary frelance We believe that there is a superior way to solve these freelancing issues with the power of blockchain. Through Coinlancer, we envision to create a superior way of engaging in the booming freelance economy. We are a passionate team of people aiming to make freelancing more acessible and secure to the masses. Coinlancer will be an Escrow based freelancing plat that will allow fair settlement of disputes to be conducted and protect payments in an event of project promises not being met. Freelancing IsuesCoinlancerCoinlancer TokenICOMoving ForwardCurrent Frelance MarketTeamwww.coinlancer.io10OverviewIssues in the contemporary frelance Reflecting on some of the problems faced by existing traditional freelancing plats, we look at tackling them in the following ways. Less Transaction Fee-3 20 Cryptocurrencies Accepted Identity Theft EliminationNo Suspension of User Accounts Fair Dispute Setlements Secure PaymentsElimination of Fake Reviews Unbiased Dispute Resolution -Freelancers TribunalFreelancing IsuesCoinlancerCoinlancer TokenICOMoving ForwardCurrent Frelance MarketTeamwww.coinlancer.io11OverviewIssues in the contemporary freelance 1. No Suspension of User AccountsFreelancer accounts are often suspended on account of violating plat policies. The reasons for such suspensions have always been ambiguous and can range from sending too many proposals to prospective clients to inability to obtain projects due to poor matched skills. In most cases, reinstating of user accounts is a cumbersome process. Also, one of the main reasons freelancing projects fail is due to lack of support on such traditional plat. Contrary to traditional freelancing plats, no unannounced suspensions occur on Coinlancer. The Freelancers Tribunal decides on accounts that are deemed violative and fairly decides on it. Freelancing IssuesCoinlancerCoinlancer TokenICOMoving ForwardCurrent Freelance MarketTeamwww.coinlancer.io12OverviewIssues in the contemporary frelance 2. Fair Dispute SetlementsThe subjectivity of work on a freelancing plat often calls for discrepancies in opinions and settlements in disputes. A typical freelancing plat does not guarantee such settlements. The dispute settlements often involve surplus arbitration costs and unfavorable binding decisions, which may not be in the best interest of a freelancer. On Coinlancer, the discretion to decide on the arbitration of disputes lies with the Freelancers Tribunal. Every Freelancer within the tribunal is mandatorily a freelancer with a high-profile ranking, preferably a 4 Star Aplicant, eligible to decide on matters of arbitration. Freelancing IsuesCoinlancerCoinlancer TokenICOMoving ForwardCurrent Frelance MarketTeamwww.coinlancer.io13OverviewIssues in the contemporary frelance 3. Secure PaymentsDelay or non-payments are problems typical to any freelancing plat. The clients and freelancers have very little control over payments. In most cases, after project submission, either the client doesn’t receive high-quality work by a freelancer or the freelancer does not get paid at all. Our Ethereum based plat uses the escrow payment system which holds the contract fees until the set obligations of the contract are met. On project completion, the funds are released, securing the interests of both the parties involved. Freelancing IsuesCoinlancerCoinlancer TokenICOMoving ForwardCurrent Frelance MarketTeamwww.coinlancer.io14OverviewIssues in the contemporary frelance 4. Les Transaction Fee-3Traditional freelancing plats require a freelancer to pay the site 20 on the first 50 earned, 10 on 501-9,99 and 5 on 10, 00 and above. Since freelancers deal with clients on daily basis, 20 fee on each project will amount to huge earnings lost. Coinlancer confirms a fair control of fees. On any signed contract between a freelancer and a client, Coinlancer sets only 3 of the fees payable for a job offer.Also, in most cases, the waiting period for the payouts to reflect in the freelancer’s bank acount is often painstaking. It could be easier to incorporate payments to freelancers on the Ethereum network. This would not only make the payments prompt but would also reduce transaction charges incured on bank transfers. Additionally, the security of the funds would be ensured through multisignature escrow. Freelancing IsuesCoinlancerCoinlancer TokenICOMoving ForwardCurrent Frelance MarketTeamwww.coinlancer.io15OverviewIssues in the contemporary frelance 5. 20 Cryptocurrencies AceptedBy offering technological mobility, Coinlancer plat acepts 20 cryptocurencies.Providing a flexibility to convert or transact in desirable cryptocurencies across the plat. Coinlancer further elaborates on offering a greater number of services, including a wide range of cryptocurency exchanges. The plat offers the ease of exchanges by providing links to external exchange plats. Freelancing IsuesCoinlancerCoinlancer TokenICOMoving ForwardCurrent Frelance MarketTeam Bitcoin Ethereum Bitcoin Cash Ripple LiteCoin Dash NEO Ethereum Classic NEM Monero IOTA Qtum OmiseGO Cardano Lisk Zcash Tether Stellar Lumens BitConect EOSwww.coinlancer.io16OverviewIssues in the contemporary frelance 6. Identity Theft Elimination Our Ethereum based network allows for assigning usernames to individuals hence eliminating the need to tie them to their actual personal ination. True personal ination of the freelancers especially is only known by the ‘site administration, which is technically the network, for the purpose of managing personal ination and facilitating payouts to authentic freelancers. Freelancing IsuesCoinlancerCoinlancer TokenICOMoving ForwardCurrent Frelance MarketTeamwww.coinlancer.io17OverviewIssues in the contemporary frelance 7. Elimination of Fake Reviews Fake reviewing on most of the freelancing sites have been a popular earner with more and more individuals writing fake reviews by means of unique identity and email addresses. Thus, reviews on traditional plats are rather deceptive. Coinlancer is an Ethereum plat that works on escrow system that constantly builds checks and balances in the system. It implements a customized software that detects suspicious reviews and removes those identified as fake. This is done by developing proprietary security algorithms for detection of scripts/bots that can be run on the plat.It also enables consumers and businesses to flag reviews to the Coinlancer Team in case of violations of User Guidelines, in addition to termination of contracts on fraudulent occurences. Freelancing IsuesCoinlancerCoinlancer TokenICOMoving ForwardCurrent Frelance MarketTeamwww.coinlancer.io18OverviewIssues in the contemporary freelance 8. Unbiased Dispute Resolution -Freelancers TribunalThe subjectivity of work leaves it vulnerable and susceptible to discrepancies. Our Ethereum based plat confirms a fair control by means of a Freelancers Tribunal into our system. The tribunal involves freelancers with a high-profile ranking into the settlement of disputes. Every freelancer in the tribunal is entitled to cast a discerning vote that favors the rightful party and the consequences will be cuted according to the Freelancers Tribunal. After the arbitration process, 3 of the funds in the Escrow will be held as the plat fees and the remaining funds are released from Escrow to the deserving counterparts of the dispute. The Freelancers Tribunal, however, does not receive any compensation for the votes cast. Freelancing IssuesCoinlancerCoinlancer TokenICOMoving ForwardCurrent Freelance MarketTeamwww.coinlancer.io19OverviewCoinlancer Coinlancer is an Ethereum based plat which will enable freelancers and clients to interact with each other in a fair and efficient maner. The protocol of Coinlancer facilitates secure payments and fair decisions. Freelancing IsuesCoinlancerCoinlancer TokenICOMoving ForwardCurrent Frelance MarketTeamwww.coinlancer.io20OverviewMechanism The plat has a friendly and easy-to-use interface for clients and freelancers to help post their requirements with ease. Clients can list their jobs and freelancers can bid for them to get the desired jobs. To ensure the authenticity of the users, the plat will be pering identity verifications whenever necessary. The unique identities of clients and freelancers will be based on their addresses in the blockchain, making it difficult to forge. When a contract is awarded by the client, he needs to deposit plat fee which is paid in the Coinlancer token. The plat implements a 3 fee for employers and no fee for freelancers.The plat will utilize smart contracts and Escrow mechanism to hold the fee and per disbursement of the collected funds on obligations met. Freelancers Tribunal is created which decides on the disputes between clients and freelancers. BIDBIDBIDFreelancing IsuesCoinlancerCoinlancer TokenICOMoving ForwardCurrent Frelance MarketTeamwww.coinlancer.io21OverviewHow Coinlancer adresses the problems found on curent plats The Coinlancer plat will empower freelancing oportunities and project transparent developments throughout all phases of its cution. The plat is based on public blockchain which makes it censorship-resistant. The plat is controlled by smart contracts deployed on the blockchain. Moreover, runing the plat on Ethereum makes the entire process open and transparent. All disputes will be resolved by the Freelancers Tribunal based on the rules laid down in the smart contracts. Freelancing IsuesCoinlancerCoinlancer TokenICOMoving ForwardCurrent Frelance MarketTeamwww.coinlancer.io22OverviewHow Coinlancer adresses the problems found on curent plats Figure 1 Dispute Resolution by Freelancers Tribunal Above we discus how dispute resolution is adresed on Coinlancer plat Dispute between freelancer and clientFreelancers TribunalDecision TakenUnfair DecisionFair DecisionRating of Tribunal members improveRating of Tribunal members worsen.Removed from tribunalFree