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Gig Economy Employees Set To Reap Rewards From Blockchain Systems

A number of projects are coming up to ensure employees in the sector can do their work stress-free.


 

Several Blockchain Projects Lined Up For Gig Workers

A recent report by Gallup indicated that about 36% of workers within the U.S. are employed in the gig economy. In other words, about 57 million Americans are in the economy.

Under the gig sector, freelancers have a number of privileges such setting their own schedules, remote working and unlimited income. On the flip side, this group is not guaranteed a constant income flow, health insurance or a retirement pension.

However, a number of projects are under development to address issues related to freelancers. A look at these projects shows that they are offering similar but better rewards for freelancers compared to those who existed in the past generations under the normal form of employment.

In San Francisco, the Thor project is coming up with a system that will cater for freelancers and contract workers. When the project is complete, workers will have access to health, retirement and savings ability.

Under the health care system, the Thor project will provide constant comprehensive care for freelancers and their dependents. Additionally, the health care package will be pocket-friendly and flexible. Thor seeks to deploy the latest AHP regulations in coming up with the health plan. It is also exploring the option of a relevant vendor that focuses on one or many dependants.

The project also wants to link the blockchain technology to the broader economy to achieve its goal. The project is working to raise liquidity of the THOR token by working with regulated exchanges just like NEX.

NEX plans to provide a cross chain model of exchanging across different tokens. Additionally, it seeks to integrate fiat options. In its whitepaper, NEX states that it will become the initial DEX to offer clients a chance to link the platform with fiat. It seeks to power this model with worldwide licensed third-party networks.

When gig economy workers want to exchange their tokenized assets in an efficient and legal manner across different platforms, the obstacle of gaining access into workforce backed by blockchain is then eliminated.

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