Blue Whale Network: Do They Really Take Care Of Freelancers?

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What a pleasure it is to know that somebody, at last, understands the pains and misery of freelancers, independent contractors, and small business! It is a blatant injustice that freelancers, being hard-working persons and contributing to the common good, are deprived of benefits applicable to employed people such as a retirement pension and paid holidays.
To recover this injustice and give a gig economy a boost, The Blue Whale Foundation introduces a decentralized, blockchain-based ecosystem which is supposed to change a life of all freelancers for the better and give them missing employment joys.
In today’s situation, freelancers and small businesses have to cooperate with tech giants like Google AdWords and Facebook to advertise their services/goods. These centralized platforms charge young companies with prohibitively high commissions rates (it is not my words, but Blue Whale’s) thus, reducing their incomes which are already quite small. Moreover, a status of an “independent contractor” does not give confidence in the future because, unlike officially employed workers, freelancers usually do not have a retirement plan, unemployment or/and medical insurance, and other privileges of officially-employed workers. The Blue Whale Project will address all these problems.

What is the Blue Whale Network?

To endow self-employed contractors with security and perks of being employed, the Blue Whale Foundation will introduce a system called WORK (Worker Optimized Reward Keeper) consisting of three main constituents:
Contribution Activity Manager (CAM). It is all about distributing rewards among individuals for their efforts to promote the network (say, for contribution activity) and performing different tasks for it. Briefly, CAM will pay individuals BWX coins if they:

• Attract new clients to the Blue Whale Platform (Referral activity);
• Bring new freelancers to the network (Lead Generation activity);
• Check and approve newly registered independent contractors (Curation activity);
• Verify the quality of the job done by freelancers (Verification activity);
• Resolve disputes should they occur between clients and independent contractors (Arbitration activity);
• Review and estimate the job done by freelancers (Reputation Scoring activity).
  Decentralized Associated Network (DAN) presents a kit of SaaS (Software-as-a-Service) tools like booking & schedule software, advertising programs and CRM (customer relationship management) which can easily be integrated into a freelancer’s website or social media account, thus transforming it into a node of the Blue Whale Network. Similar to Google and Facebook, DAN will gather user data from the Internet and analyze it through Big Data and Machine Learning algorithms to create a decentralized advertising network.
  Reward Bank (ReBa) is meant to protect freelancers. It will essentially be a depository for receiving and disbursing BMX coins. Deposits kept in the Reward Bank will be used to pay out pensions, sick leaves, time-offs, unemployment insurance, etc.

How Will The Network Be Organized?

The WORK system proposed by the Blue Whale Foundation will run on the blockchain. Why did they select a distributed ledger technology as the basis of their ecosystem? The team believes that Blockchain is the only technology which can provide transparency on every change and activity taking place within the network, thus helping to establish trust between the network users (freelancers and clients). The Blue Whale blockchain will consist of numerous nodes which will be able to keep track of all transactions, ReBa balance, and users’ balances. Transactions and changes in the Reba balance will be verified by a pool of verifiers through a consensus.
The Blue Whale’s blockchain will have a Federal architecture because it will consist of distinct and independent nodes/platforms called provinces. A province in this context is a community created by a freelancer or a small business within the Blue Whale network. The ecosystem will provide every province with own decentralized applications, CAMs, DANs, and will also give access to the Reward Bank. Every province will have many rights and freedoms (it even will be able to issue their own coin and hold and ICO within Blue Whale Network) but it must obey to the rules set by the federal blockchain.

Blue Whale Token and ICO Details

ICO Schedule: 24 May – 31 May 2018
Token Name: Blue Whale eXchange
Token Code: BWX
Token Type: ICON
Token Price: 1 BWX = 0.0010 USD (0.00125 SGD)
Soft Cap: 25,000,000 SGD
Hard Cap: 55,000,000 SGD
Funds raised during pre-ICO (2 April – 15 April 2018): $25 000000 SGD.
Total Tokens Supply: 52,800,000,000
Tokens for Sale: 50%
Whitelist: TBA
Know Your Customer (KYC): YES
Rejected Countries: USA, CANADA, TAIWAN, CHINA, HONG KONG
Accepted currency: ETH, ICX

Conclusion

Creating a decentralized platform for self-employed individuals, the Blue Whale Foundation will take the gig economy to the next level by resolving its most acute problems: high transactional commissions paid to popular platforms (Google, Facebook), prohibitively expensive advertising, and lack of protection for independent contractors and small businesses (such as no retirement plan, no medical insurance, unpaid vacations and sick leaves). Blue Whale has a remedy for all these plagues in a form of their WORK system, which will reward not only every freelancer registered with it but every individual who drives traffic to the network. Surely, Blue Whale is a unique project in the blockchain space, from which anyone can benefit.

Blue Whale additional links
Website | Whitepaper | Telegram | Twitter | Facebook | Linkedin
Authored by: Will.Smith (@iwgeiw)
ETH address: 0x2756ccfe1f1ec0a7a7be8f8e2593165eb2b33fc3
UNIQUENESS 100%