Decentralized Escrow for Remote Job https://cardano.ideascale.com/c/idea/416112 900080
Seira Yun
4 November 2022
20 April 2023
The overall question to be addressed by the challenge is “How can we create a positive developer experience that helps the developer focus on building successful apps?”
Through our decentralized escrow system for work protection, we create a positive developer experience for freelance remote developers as well as hiring organizations. We also provide automated payment and cheapers fees for both freelance developers and hiring organizations.
Our solution is designed to address the challenges faced by freelance remote developers and hiring organizations. We understand that the traditional methods of payment and work protection are often riddled with inefficiencies and security concerns. This is where our decentralized escrow system comes in to provide a solution that meets the needs of both parties.
With our system, freelance developers can work with confidence, knowing that their payments are secure and that they will be compensated for their work. Hiring organizations, on the other hand, can rest easy knowing that they are protected against potential fraud and that the process of payment is automated and streamlined.
In addition to the core features of our decentralized escrow system, we offer additional benefits to both freelance developers and hiring organizations. These include cheaper fees, which translate to more money in the pockets of developers and cost savings for hiring organizations. Our automated payment system further enhances the user experience, making it easy for both parties to handle payments without unnecessary delays.
Overall, our solution offers a positive experience for developers, allowing them to focus on their work and deliver quality results. It also offers hiring organizations a secure platform to work with freelance developers, ensuring that they are protected against potential fraud and that the process of payment is streamlined and efficient. We are confident that our decentralized escrow system will revolutionize the way in which freelance remote developers and hiring organizations work together.
Regarding "Support structures" and "Incentivization structures", Socious is focused on these areas. We provide support structures for freelance work between developers and hiring organizations, as well as incentivization structures to developers through our impact score and THANK tokens.
Our project is highly relevant to the key metrics for the challenge: