Dubai UAE, March 11, 2022 – GigEcoin originally started off as a recruitment agency whose aim was to find the perfect candidate for open positions. However, in response to changes in the labor market accelerated by the pandemic, the entire focus of the company has shifted to being blockchain-centric. As the world enthusiastically adopts the concept of digital investments and assets, GigEcoin went through a relaunch in 2021 with a whole new perspective and goal in mind.
GigEcoin – connecting freelancers and job opportunities
According to Intuit, the owner of TurboTax, the gig economy encompasses 34% of the workforce and is on track to continue growing. Employers seek qualified and talented individuals to hire for their projects who can help them hit their goals without requiring full-time employee benefits. Simultaneously, freelancers are frequently seeking out new contract roles for their flexibility.
GigEcoin allows for both of these needs to be met through its unique and innovative freelancing platform. Unlike other platforms, members must only pay a small membership fee in order to participate and don’t have to part ways with a percentage of every payment. The platform also allows gig workers to leverage the many benefits of cryptocurrency by allowing users to take payment in different tokens.
A complete revamp
CEO Sunil Saggar had originally started the project as a simple solution to the growing demand for qualified employees. However, during the pandemic, the need for recruitment agencies decreased, and the interest in digital assets boomed. The result was a shift in GigEcoin, transitioning from a traditional recruitment firm to a blockchain-based freelancing platform.
GigEcoin’s original team had extensive knowledge and experience in recruitment, and the shift inspired a new board and team with a focus on blockchain technology and freelancing. This led to a full relaunch of GigEcoin along with a new token and platform.
A need for freelancing
With the drastic increase of freelancers over the past few years, freelancing platforms have become integral in bringing workers and companies together. Typically this process consists of choosing the right applicant based on their rating, reviews, and how they market themselves on a platform. The gig worker simply has to sign up for the freelancing platform, ensure that they do an excellent job in promoting their services, and provide high-quality work to guarantee customer satisfaction and positive ratings.
Because employers compare individuals’ qualifications based on reviews and ratings on freelancing platforms, much of the human bias that would come from hiring someone in-person is lost. Human bias is one of the biggest challenges recruiters face, and by hiring someone via a freelancing platform, much of this is avoided.
GigEcoin aims to empower a new wave of freelancers, while also providing more accessibility to companies. By leveraging the blockchain, the platform cuts down on fees for both parties, as well as allowing the use of cryptocurrency as payment. With a blockchain-focused project like this, security is ensured through the implementation of smart contracts and other technologies that protect both the buyer and the gig worker. Both parties are more likely to leave their interaction satisfied, and freelancing will continue to thrive and grow.
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