WHAT IS THE BLUE WHALE

The Ecosystem for the freelancers with Employment benefits

The Blue Whale Foundation’s blockchain-based “WORK” System of shrewd contracts is the main arrangement available intended to lighten not just the budgetary and the legitimate issues with the gig economy, yet additionally the approaching grouping of energy in the hands of a couple of tech mammoths. Consultants and entrepreneurs depend intensely on these tech goliaths to coordinate them to occupations, confirm that items and administrations have been conveyed as settled upon, and referee debate. Notwithstanding, the developing predominance of these tech monsters has a dull side for laborers in the gig/sharing economy. None of the specialist co-ops who rely upon these stages to bring home the bacon are real representatives of these tech monsters.

Vision

Issue

Specialists and SMB (little and medium business) proprietors confront three fundamental problemswhile giving their products and ventures.

● High Commission Rates

● Expensive Marketing and Advertising Costs

● Lack of Security: Retirement Plan, Unemployment Benefits, and Paid-Time-Off

Specialists and SMB (little and medium business) proprietors confront three fundamental problemswhile giving their products and ventures.

● High Commission Rates

● Expensive Marketing and Advertising Costs

● Lack of Security: Retirement Plan, Unemployment Benefits, and Paid-Time-Off

Specialists and SMB (little and medium business) proprietors confront three fundamental problemswhile giving their products and ventures.

● High Commission Rates

● Expensive Marketing and Advertising Costs

● Lack of Security: Retirement Plan, Unemployment Benefits, and Paid-Time-Off

High Commission Rates

Most unified gig/sharing economy stages take between 20% — half in commissions from every exchange. Regardless of a publicized 25% commission for every ride, booking stages Uber and Lyft charge genuine, successful commission rates of up to 42.75%after deducting booking expenses.

Expensive Marketing and Advertising Costs

Consultants remain with existing incorporated stages regardless of the over the top commissions in light of the fact that these stages go about as data aggregators. They diminish the pursuit costsfor imminent clients by social affair them all on one stage, with a typical interface and institutionalized collaborations. In any case, the expenses of publicizing on Google and Facebook are restrictively costly for specialists and SME owners.The normal private company utilizing Google AdWords spends amongst $9,000 and $10,000per month and $100,000 to $120,000 every year on their web based promoting

Absence of Security: No Employment Benefits

Existing sharing economy stages don’t offer any business benefits, makingfreelance work exceedingly tricky for self employed entities. Stopping work because of illhealth, or family means a suspension in wage. The Blue Whale Foundation points tochange that to improve things.

Arrangements

The WORK (Worker Optimized Reward Keeper) framework is contained three principle parts.

Commitment Activity Manager (CAM)

The CAM has been intended to circulate the prizes earned through benefactor exercises. Prizes are given to interfacing with the Advertising Network, settling debate through Arbitration6 and building trust with the Verification7 framework. Notwithstanding, because of the distinctions in the idea of particular organizations, not the greater part of the CAM exercises will apply similarly for all organizations. For example, group confirmation might be pertinent for a photography consultant, however not for a frozen yogurt stand. Hence, sub segments inside CAM will be modularized and utilized just when important.

Decentralized Associated Network (DAN)

The DAN is made by introducing SaaS devices, for example, Booking and CRM programming on sites and online networking accounts, changing every site/web-based social networking account into a hub in the system. The DAN gathers client information from online activity, much similarly which web search tool and web-based social networking mammoths like Facebook and Google right now do. The principle motivation behind DAN is to gather client information and manufacture a decentralized promoting system as a primary plan of action of Blue Whale Network.

Reward Bank (ReBa)

The Reward Bank works as a depositary for getting and dispensing remunerated Blue Whale eXchange (BWX) from suppliers to benefactors. 20% of BWX offered at Blue Whale’s underlying ICO will be kept in the Reward Bank. What’s more, 60% of net benefits and consultants’ referral prizes will likewise be kept in the Reward Bank. The particular add up to be held as stores will be computed every year and can be balanced relying upon the budgetary execution in any given year. The Reward Bank may frame future vital organizations together with accomplices who give arrangements identifying with annuity frameworks and resource administration.

Decentralized Autonomous Organization (DAO)

DAO is the fundamental administration structure of the Blue Whale Network. Every Province can have its own administration structure, yet for issues which can influence all Blue Whale Network members, it can take an interest in the administration of the BWF utilizing the Blue Whale Foundation’s (BWF) voting framework. Through DAO, Blue Whale Network members can deal with a steady stage and cash advertise by making and altering arrangements, for example, working costs, funds rate into Rewards Bank, Referral expenses, issuance of new coins, motivating force/payout calculation and punishments.

The voting framework will work as takes after:

● Voting plan will be chosen by the agents of the stages/hubs on the Blue Whale Network.

● All members on every stage who hold the essential notoriety for mediation will be qualified to vote.

● The necessities for voting interest and the guidelines for plan setting can be changed through voting.

● Initiatives that draw in more than 200,000 clients’ help must be added to the plan for a general vote.

● The voting energy of every stage will be corresponding to the measure of BWX that the stages are required to secure.

The Team

As I expressed earlier the entire Blue Whale Foundation is controlled by Verlocal, an organization, which has the whole independent gig booking administration effectively on the web and it’s developing at a rate in the adolescents every month as per official sources. The group is in San Francisco, Singapore, Japan and just propelled Verlocal Europe.

Will Lee is the CEO and has a Stanford degree in Artificial Intelligence. At that point we have Hawon Chung (COO) and Jay Choi (Head of Product), both worked for Oracle. Notwithstanding that, they have previous Samsung representatives like Jay Park (Samsung VP) and a pack of devs from the Verlocal group. General really strong squad.

On the guide site, there are two from the ICON Foundation Council, Injong Rhee (Google, Former CTO of Samsung Electronics) and two others that are in driving positions for independent/microtask organizations.

Project Road map

A very much arranged course of events is dependably the way to an effective ICO. Blue Whale needs to dispatch their ICO + likewise declare an association with a “prominent Korean organization” in May.

The BWX token will be recorded in Q3 and Q4 they need to offer administrations on their stage in the US, Canada, Singapore, and Japan + extra Partnerships and furthermore a first stage/benefit for excitement. Different stages for Education and Space Sharing are made arrangements for Q 2& Q3 2019, and even the Mainnet need to dispatch until the finish of one year from now. The pivotal part will be the administration offering to get footing. On the off chance that they can’t draw in enough clients, this undertaking could confront extreme issues later on.

For More Information Visit :

Website: https://www.bluewhale.foundation/

Facebook: https://www.facebook.com/bluewhalefoundation

Twitter: https://t.me/bluewhalefdn

Telegram: https://t.me/bluewhalefdn

Whitepaper: https://www.bluewhale.foundation/assets/Bluewhale_White_Paper_ENG_V.pdf