Talao: Revolutionizing The Talent Market

collinberg (6)in #blockchain • 8 years ago

When the Internet and Information Technology (IT) came on board, they were warmly welcomed. Virtually all our activities today are technologically-driven such as Artificial Intelligence found in companies like Uber and Cloud Computing that controls all cyberspace activities.

As competitions mount, companies are seeking for experts and professionals who are versed in the required job. The process of finding suitably qualified professionals is quite daunting and that was why many platforms were developed to ease the stress of finding professionals.

The Labor Market
The world labor market is valued in trillions of dollars and it has two different markets. The first is the freelance market and the second is the traditional labor market. The freelance market is basically for professionals who do not wish to get engaged in one workplace but choose to taste different waters. The traditional labor market is concerned with the employment of professionals at a fixed rate.

Despite their different perspectives and approaches, these markets are faced with issues such as falsification of resume and less control of their data.

What is the potentiality of Talent-on-demand market?
The talent-on-demand market also called the freelance market offers immense benefit to businesses. Most times, companies and organizations might not have the required funds to pay for regular staffing and the alternate channel to meet up with their goals is making use of freelancers.

The freelance industry is beneficial as it offers cost reduction and time-consumption for its clients.

Is the Talent-on-demand market better than the traditional market?
From a wider perspective, the answer is yes. The talent-on-demand market offers low-cost services and delivers the desired work promptly as opposed to the time-consuming and high operational cost of traditional labor market.

There are however some problems that both market face. There are intermediaries in both markets; you’ll find the Human Resource (HR) Manager in the traditional labor market and Commission sites for the other.

INTRODUCING TALAO

Talao is a disruptive decentralized blockchain that targets the talent-on-demand market (freelancers). Talao discovered shortchanges in the freelance industry and sought to proffer solutions through its decentralized blockchain ecosystem.
Talao aims at returning power to freelancers by offering a decentralized ecosystem free of high commission rates and bias.

PROBLEMS FACING FREELANCERS
We’re aware that sites such as Upwork and Totptal charge high commissions from freelancers on their platforms. In the world today, the freelance industry is getting widespread acceptance and a report by McKinsey posits that about 30% of the US workforce are independent workers (freelancers).

On online platforms such as Upwork, freelancers are compelled to part with some certain percentages from every job landed on the site. Freelancers are shortchanged and there are cases of falsified resumes where freelancers bid for jobs with misleading information.

The other problem facing the freelance industry is the biased judgments that come with disputes. In times of disputes, mostly on online platforms, the customers’ interest is always protected leaving the freelancer to bear the heat.

THE TALAO SOLUTION

Talao first offered a decentralized approach through blockchain and targets the integration of both the traditional and freelancing labor markets. The Talao platform allows you hire verified freelancers and it allows freelancers and professionals present verified certifications.

To solve the problem of unverifiable data presented by professionals, Talao’s smart contract technology keeps record of each professional’s work and attained result on the platform.

With this, companies can now hire the right set of persons for the required as they have already done similar tasks in the past. Companies are also availed the opportunity to contact a professional’s previous customers/clients top verify the satisfactory nature of the job.

FEATURES
• Middlemen-free marketplace
• DAO
• TALAO Token
• Certified Professional Reputation protocol
• Transparency and fair governance
• Multi-payment channels
• Escrow system

ECOSYSTEM
Talao came up with an ecosystem that covers all the key players.
• TALENT: The talents on Talao’s ecosystem are sub-divided into five.

The first is the Independent Talents who are traditional freelancers without a fixed employer.
The Diversified Talents combine freelancing with traditional labor.
Moonlighters are professionals who have a side traditional employment and also engage in freelancing.
Active Retirees are sourced from Oil and Gas, Nuclear and Aerospace industries. They are retired professionals who aim at transferring their knowledge to upcoming freelancers and also use the opportunity to be in touch with latest investments in their previous industries.
Finally we have the Freelance Business Owner. These set of freelancers have employees who they outsource jobs to. They regard themselves as both employers and freelancers.

• COMMUNITY The community here implies the totality of users or professionals with the same skill or job portfolio. They can be graphics designers or digital software developers. Provided there are other professionals in the same field in the Talao ecosystem, they are generally regarded as a community.

Talao’s ecosystem will operate two communities:

The Autonomous Private Communities (APC)
The Autonomous Open Communities (AOC).

• CLIENTS: The client here is the business or company that is looking for professionals to hire.

• THIRD PARTIES: Because most professionals and clients might not have known about the platform, Talao created the Third Party to attract and recruit the desired set of persons (clients and professionals) into its platform.

These third parties can be consultants, job boards or staffing agencies and they’ll be rewarded through the certification process.

TEAM

ADVISORS

CONCLUSION
Talao is here to solve the problems facing the freelancing industry. If you’re looking for a platform that offers you the best client s and charges you little or no commission rates for its service, look no further as Talao is here to offer you the best freelancing service.

To find out more about Talao, kindly visit the links below:
Website: https://ico.talao.io
Whitepaper: https://ico.talao.io/download/1074/
Blog: https://medium.com/@talao
Twitter: http://twitter.com/TalaoDAO
Telegram: https://t.me/talaocommunity