Blockchain Creating Better Landscape for Freelance Workforce

The growth of freelancing and the gig economy is changing the workforce.

It is estimated that 36 percent of the US workforce is engaged as freelancers and within ten years, more than half of the workforce is expected to freelance.

Several projects are creating new mechanisms that change the way freelancers can approach their work.

Here are three ways blockchain is shaping a better landscape for freelancers.

Due to the added paper and legwork, many freelancers opt to forgo enrolling in programs such as pension funds.

Many freelancers still struggle to receive payments, particularly for cross-border work.

Freelancers receiving payment through PayPal may have to convert funds to their local currencies first before they can transfer funds to their bank accounts.

Blockchain platforms can help change this by encouraging employers and freelancers to all act in good faith.

These blockchain projects help workers take better control over their freelancing activities.

With these pressing concerns eased, freelancers will be able to practice their professions in a more stable and profitable landscape.