THE PROBLEMS FACED IN TRADITIONAL FREELANCING PLATFORMS AND FREELANEX'S SOLUTION

INTRODUCTION
Freelancing has gradually become a global phenomenon with vast numbers of individuals joining freelancing platform each day. By the end of 2027, freelancers will make up the majority of the workforce in the US. All of these facts go to show the overwhelming growth rate of the freelancing economy. Unfortunately, there are no highly trustful or secured freelancing environments existing today. In every job relationship, trust is of utmost priority.
Freelancers and their clients face a lot of problems in most freelancing platforms.
• Diverse guidelines: A lot of the traditional platforms do not follow unified guidelines. Sometimes freelancers remain unpaid after executing a job. Other times the freelancer’s late delivery causes the client to cancel the job. The freelancer would have wasted time and resources for the cancelled work. The truth is that there are no regulations to properly resolve scenarios as stated above. The agreement between the freelancer and the client can easily be broken without consequences.
• Lack of trust, confidence and transparency in the platform.
• High transaction fees and platform charges.
• Ineffective Know Your Customer (KYC) procedure.
• Absence of data verification to confirm transparency and accuracy on both sides.

Freelanex includes blockchain technology to solve most of the problems highlighted above. In this regard, the system is divided into two parts:
• User Data: The blockchain provides a transactional guarantee to the agreement between clients and freelancers using smart cards. The smart contracts make automated decisions based on contract conditions following the guidelines and rules of the blockchain.

• Transaction: The blockchain provides a lot of flexibility and transparency in the transactions between the freelancer and the client. The platform uses advanced techniques to encrypt the unique identity of each user. This encryption is how both parties maintain security during transactions.
The unemployment rate among young people is increasing at an alarming rate. Freelanex would help in solving this problem by empowering users or freelancers. Freelanex will establish courses, laboratories and free online training. The trainees that perform well in these courses will be offered free membership for a month.
Freelanex focuses on supporting freelancers all around the world. It would grossly overcome most of the problems faced by freelancers and provide added value by:
• Creating a structure of standard guidelines for data verification to ensure transparency and accuracy.
• Using a decentralized system to complete transactions and payments (for a fee of 8% - 9%).
• Using smart contracts to implement transactions to avoid a breach of the agreement.
• Building a sustainable market for freelancers.
• Providing technical support to users.
• Securing audits of smart contracts.
• Constantly seeking ways to improve the platform.
• Eliminating fraud by protecting user’s right and isolating them from fraudulent practices.

Conclusion
Presently and in years to come, freelancing will play a significant role in providing jobs globally. More individuals and professionals would want to join the freelancing community. Unfortunately, the freelancing sector is still facing a lot of challenges. Freelanex aims to solve these challenges with unique techniques and relevant technologies. Freelanex also has a team of experts and professionals to achieve these objectives.

USEFUL LINKS
Website : https://www.freelanex.io/

whitepaper : https://www.freelanex.io/wp-content/uploads/2019/09/Whitepaper-Freelanex.pdf

Facebook : https://www.facebook.com/Freelanex

Twitter : https://twitter.com/freelanex

Telegram : https://t.me/Freelanex

Linkedin : https://www.linkedin.com/company/freellanex

Medium : https://medium.com/@Freelanex

Ann Thread : https://bitcointalk.org/index.php?topic=5185611.0

AUTHORS DETAILS
Bitcointalk username- Corer
Bitcointalk profile link- https://bitcointalk.org/index.php?action=profile;u=2373697