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After years of growing momentum, the cryptocurrencies have finally announced themselves on the world stage towards the end of 2017. Bitcoin rush in popularity it has driven him to become a household name, along with blockchain technology. In fact, the Blockchain technology market it should grow to $ 2.3 billion by 2021.
Image source: https://www.statista.com/statistics/647231/worldwide-blockchain-technology-market-size/Since then, we have begun to see companies and start-ups seeking to further bring cryptocurrencies into the mainstream, with the potential it holds to influence key industries as a driving force.
While the crypt is starting to show its power in making sure transactions and the holding and distribution of medical information, is the labor market that looks set to experience the benefits of digital currencies significantly over the coming months and years.
Here, let's take a closer look at the role that cryptocurrencies can play in bringing job opportunities, not only through the production of multiple roles in the industry but by creating an intuitive and more efficient labor market.
Greater crowdfunding for startups
It is a revolutionary way in which cryptocurrencies create job opportunities through Ico. An ICO stands for "initial money supply" and has been very effective in addressing the causes of crowdfunding for novice businesses.
So far this year, besides $ 20 billion has been collected through Ico.
Image source: https://www.coinschedule.com/stats.htmlICOs exist as a crypto-currency that investors can purchase during the conception of a new business. Commonly known as a "token", the ICO process works in a similar way by allowing customers to buy shares and, as long as interest increases, they can pave the way for a very well supported start.
The appeal of Start based on ICO it is much bigger than the traditional crowdfunding campaigns, thanks to the prospect that investors will be rewarded by an increase in the value of coins as the company grows. Many startups also allow their cryptocurrency token to be spent on goods and services once the company is established – which means that an investor's good faith in the project can be rewarded while the company benefits from not having to renounce the shares in exchange for loans.
Because of this new approach to creating a business, new businesses have the opportunity to establish themselves through greater financial support than bootstraps and greater control over investors. This, in turn, is great news for the labor market.
ICOs open the way to trust in new business ventures and can open up more recent opportunities for businesses to expand and bring new faces to the business.
A remarkable success story of the The ICO approach to starting a business is Ethereum – a company that managed to raise $ 18 million in just 42 days. Today Ethereum has used its first funding to employ over 200 employees in job roles that may not have been possible without the effective use of an initial money supply.
Fundamentally, ICOs have the power to create companies where it would otherwise be impossible. As a result, dozens of people can enjoy the benefits of more job opportunities and more options in the labor market.
Building intuitive labor markets
Cryptocurrency not only big help in creating job roles, but also in building labor markets that are more intuitive and effective.
In addition to new encrypted job search sites that allow encryption and blockchain enthusiasts to come to dream jobs, now there is a series of cryptographic platforms that have a direct impact on the way we look for jobs.
Some of these platforms are:
Blocklancer – based on Ethereum, this freelance / concert platform allows employers and freelancers to find one another. You do not need a bank account to get started – Ethereum is used to make and receive payments.
Humans.net – based on its cryptocurrency – Humans Gen. The platform anticipates evolving trends in the labor market and offers a paid position for freelance workers to make themselves known to potential employers by listing their skills and adding a biography about themselves.
BountyOx is a cryptocurrency hunting platform that allows you to earn cryptocurrency and token by completing simple marketing, software development and creativity.
Ethlance – another freelance platform based entirely on Blockchain. As with Humans.net, there are no taxes and restrictions on membership. Everyone can request or create an unlimited number of jobs.
Most of these platforms try to operate on a peer-to-peer basis which will eventually use "decentralized financial instruments". This means that users can use the company's cryptocurrency, to get the help of the workers inside the site in a safe and simple way.
Suffice it to say that, in an interconnected future, crypto has a huge role to play in putting more of us into work with less of the difficulties we have today.
