GigTricks is the new, up-and-coming website service for freelance workers and the employers who may need them. Looking to create a platform where both parties can trust each other, and there is complete transparency, they have harnessed the best of technology to form something reliable and great.
The website runs from a blockchain network, which is one of the safest ways to conduct financial transactions. A blockchain network is a network of millions of computers across the world, which are often known as blocks. These blocks verify financial transactions taking place through the GigTricks website and app. Whenever a block verifies a new transaction or updates their data, every one of the other blocks updates with it. They all contain the same information, meaning that, even if one or two blocks were to break down, the data would still be accessible.
They are able to work independently so that if a block was to shut down, the other blocks would still be able to update their data, gain new data and even add new blocks. This means that it is incredibly safe and also basically impossible for the whole system to be shut down, as there are so many across the globe.
Whilst, upon initial set-up, GigTricks will be working with fiat currency, they are planning to change over to cryptocurrency, allowing only transactions that use GigBit tokens. This prevents the worry of currencies when transferring finances to somebody in another country, as well as being safer in general, as you are not dealing with actual cash or money transfers. GigBit tokens can be used to purchase things on the GigTricks website, such as services and products, training to improve your skills with GigTricks Learning, and upgrades to your subscription. It can also be used to pay freelancers for their hard work, and advertisers can use them to pay for ad space on the GigTricks website.
GigTricks recognises that an issue within the freelance industry is the lack of a real, legal contract. Therefore, they use Smart Contracts. When an agreement is made on fees, milestones etc. between the freelance worker and the employer, a smart contract will be generated. This is an unchangeable contract, which is stored within the blockchain. It means that the work can go ahead with both parties safe in the knowledge that the work will be completed as requested, buy the deadline agreed upon, and the freelancer will be paid as agreed once the work is complete.
So, how will the membership service work for the users of GigTricks?
In order to use the products and services on GigTricks, the user must have a registered account and profile on GigTricks Pro. If a user has multiple roles across the many GigTricks platforms, they will be given the authority by Hyperledger Fabric to have access across the ecosystem.
Users can subscribe to as many services as they like within the GigTricks platform, and they can sign up to, cancel or renew subscriptions whenever they want to.
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