Crafty the indispensable tool for the self employed service providers
Being Self Employed is good but it comes with a caveat
Self employment gives you the opportunity to use your skill to earn you living without having to report to a boss.
Easier said then done. Having a skill and time at your disposal is one thing but you need some one to employ you and give you wages in return.
Take for instance Clara who is a university student and is good with children. She wants to take up the job of a baby sitter to earn some extra money to support her education. In the current scenario she can ask her neighbors if they need her services. However this limits her reach to her neighborhood. Instead she can enlist her services with an agency that would get her work and in return would take a part of her wages.
This is not the best solution however this is how the world of self employed service providers works where the middlemen take away a substantial part of the earning leaving about 25% for the worker.
There must be a way by which this situation can be improved.
The solution is Crafty
Crafty is a P2P listing of service providers who want to offer their skills to would be employers.
This is a free marketplace where those seeking services can engage the service providers.
Once the service has been rendered and it is time to make payments then this can be done using fiat, plastic money or its utility tokens called CFTY.
What makes this free market stand out is the feedback system. After the Completion of a service the buyer rates the service provider. This earns him some CFTY utility tokens.
Similarly the service provider evaluates the buyer and receives CFTY tokens in the process.
This feedback or evaluation helps a provider enhance his reputation in the Crafty marketplace. A good workman would earn good repute based on consistently delivering a good service. This would enhance his ratings and result in helping him get more work. This also means that a good worker can adjust his charges so his good service gets him a higher wage.
The Crafty provides an easy to follow and navigate interface which can be accessed via a mobile application and via the web.
Using Crafty is simple and anyone from around the world can list his services or engage a service provider.
Beneath the intuitive interface is a system that uses social interaction between the service provider and the buyer to add confidence. It uses a blockchain to record the proceedings to add transparency and accountability. The use of augmented intelligence helps in better matching the right service provider to the correct buyer.
Crafty is based on a successful developed run and tested solution called Diarissima which started its operations Brazil in 2015. There it has been successfully providing an efficient way to the self employed to find and deliver their services. For the record: Brazil alone shows phenomenal numbers when it comes to those who are self employed. It is a big part of the economy recording + BRL 500 Billion per year. However the money that reaches the self employed service provider is less than 25% and the rest goes to the middleman.
The numbers show that 63% of the market segment is still run in an informal manner.
Keeping in view all these facts Diarissima was started in Brazil in 2015. Over the time it has monitored, evaluated and evolved to bring an efficient and transparent mechanism to connect the self employed service providers with those wanting services. The current modified but still evolving platform is Crafty that is gearing up to give a structure to the self employed service provider marketplace not just to Brazil but the entire world.
Crafty Roadmap
Any self employed service provider can list his/her services on this marketplace.
What is there in Crafty for Service Providers?
For the service provider it means access to a potentially larger base of clients.
A higher in hand remuneration as there are no middlemen involved.
Workers are motivated to deliver a good service consistently as a good service results in better rating which helps them climb up the performance based ladder. Getting them prominent listing, more work and higher wages.
What Crafty offers to those seeking to engage service providers?
This is an opportunity to pick providers with the highest ratings.
Since these ratings are based on performance so they know that a good service would be delivered.
There is a transparency in pricing as everything is displayed in the marketplace.
The buyers pay a lower fee as there is there is no middleman involved.
Unlike a general scenario where a buyer of service is not able to do a KYC verification of every service provider, the KYC verification is built into the system so the buyer can rest assured that a person listed on the Crafty marketplace is KTC verified
A Use Case
Let us see how Clara could benefit by listing her services on Crafty
a) As Clara is new to the profession so she may not be aware of the going rate for her services. Looking at the listings she gets to know what is the hourly going rate . For a new starter this knowledge is critical.
b)When Clara does a good job her employer gives her a good feedback. This evaluation motivates her to do well and the rewards of her work are not only monetary but her reputation as a worker also enhances and is visible across the market to anyone looking for the services that she has to offer.
c)As her reputation grows she can charge a higher fee.
d) Every time she evaluates her employer she also earns some CFTY utility tokens which are as good as money in this market place.Similarly by evaluating her service the employer earns CFTY tokens.
This is what the CFTY utility tokens bring to the market place
a) Exchange Value:CFTY utility tokens are used as the units of exchange between the buyers/customers and the vendors/service providers when they impart a rating and a review to each others performance both as a service provider as well as a buyer. These tokens earned by the provider as well as the service provider can be used to pay for services.
b) Engagement: The Crafty P2P system uses the CFTY utility tokens to create an alternative to
gamification.
c)Currency: Using CFTY as a mode of payment enables transactions at a very low transaction cost.This would promote more exchanges. Point of Point exchange at lower transaction cost would enhance the buying power.Low cost transactions would also generate and promote subsystems such as
-Social loans
-Grants
-Group buying etc
d)Earnings: Apart from the fee the tokens generate a second stream of income.
3)Participation: This increases the interactions and participation by various involved parties. Mere participation and giving a feedback earns them token CFTY rewards.
Going through the website and white paper I see that it is an opportunity to participate in the token sale which starts from Start: February 12th, 2018
End: March 13th, 2018
- Minimum ticket of 0.02 Ethereum or equivalent in Bitcoin, Binance Coin (BNB), Credit Card or PayPal
I am glad to see that I can still enter the crypto world of Crafty using Credit card and Paypal.
For more information please refer these links below
- Crafty Website
- Crafty WhitePaper
- Crafty YouTube
- Crafty LinkedIn
- Crafty Facebook
- Crafty Twitter
- Crafty Instagram
crafty2018
Submitted.
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