LaborCrypto is a freelancing platform backed by blockchain technology to create a more meritocratic ecosystem. The protocol design uses a smart contract-based escrow mechanism, creating a platform that’s fair to both clients and freelancers.
Through our experience building the ChoreRelief gig economy platform, we understand the problems users experience in the current industry. By utilizing blockchain, smart contracts, and cryptocurrency, we can eliminate the problems of high fee structures, payment delays, low quality of service and offer opportunity to millions of the global unbanked people who have been excluded from participation.
LaborCrypto’s goal is to redefine the value proposition for users with a peer to peer solution using the latest blockchain technology and virtual currencies, to share revenue with its users. This will solve user loyalty issues and generate repeat business which are some of the industry’s biggest problems.