Zoom uses blockchain to match freelancers to companies and manage projects

Several resources already help startups and entrepreneurs to hire entrepreneurs and freelancers. But since it is 2018, the market is ready for a blockchain-based service that provides access to temporary and permanent employees, as well as helping to manage projects.

Project management and outsourcing platform Zoom is using blockchain technology to enable commercial relationships, project planning and secure payments. Zoom will link freelancers and virtual companies using a blockchain ID system, artificial intelligence and smart contracts.

The zoom will use the security and transparency of the blockchain to build an ecosystem that supports and simplifies multi-stakeholder and multi-stakeholder projects. It also provides an employment portal for virtual businesses that need to hire freelancers. Virtual companies and individuals on the platform can publish projects and request freelancers available through the job portal.

Once listed, freelancers can enter the portal and see an overview of published projects and companies that want to hire those with relevant skills. When one of the parties wishes to connect, a chat window is displayed and they can start negotiating the terms of work. Using a structure that Zoom calls "Contract Trees", freelancers can be organized into structures to solve complex projects.

At the moment, the Zoom platform is not fully operational, but the company expects to quickly bring freelancers.

"We have several partners who will be welcomed to the platform at launch and are helping us to understand the needs and challenges of different user groups," said founder and CEO Plamen Nedyalkov.

With so many options available for freelancer-to-business correspondence and employment, why does Zoom use blockchain for this platform instead of the traditional matching, payment and ID mechanisms?

"At present, the systems in place for payment are slow and still rely on a third party is the authority during a commercial transaction, but those third parties have a very limited jurisdiction," said Nedyalkov .

The use of blockchain technology also extends to payments.

"We are uses ng blockchain to manage the escrow and platform transaction services, equalizing the power difference between customer and contractor because the payment is not in the hands of either of the two," said Nedyalkov.

The Zoom platform consists of a "milestone infrastructure" that separates contracts based on the delegation of personnel to specific phases and results of a project that must be completed at a specific time, and a "court" system that offers a structure similar to the jury to examine and resolve the conflicts reported in the projects and milestones. [19659002] It also has an identification system that confirms the identity of potential employees and employers using a consent algorithm that verifies, validates and authenticates private data and creates validated work and reputation histories linked to these Secure IDs to limit fraud.

So, what's up in Zoom again?

"We are continuing the development of our platform, building the systems for the interface between a web app and smart contract in particular," said Nedyalkov. "We are trying to start the onboarding partner companies for our MVP in about a month and a half and launch our ICO again in that period."

The goal, therefore, is to make the platform fully operational as quickly as possible.

"In the short term we are continuing to develop and obtaining active and functioning users, and then we have some very interesting things we can do with data from the next one," said Nedyalkov. "We are currently opening up for investors too."

The Zoom utility token is integrated into the platform ecosystem and serves as an incentive for the user to purchase products and services at a reduced cost. Built on the Ethereum blockchain, users also have the option of using ETH to make purchases and access the Zoom features. The imminent ICO of Zoom for the zoom token will start at the end of October or beginning of November and will have a maximum limit of 24.5 million dollars.

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